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If you’re a trustee of a self-managed super fund (SMSF) with assets as of 30 June 2024, it’s time to start thinking about lodging your SMSF annual return (SAR) for the 2023/24 financial year. The SAR isn’t just a tax return—it also reports super regulatory information, member contributions, and includes the SMSF supervisory levy. When...
A joint investigation by the ATO has led to $13.6 million in penalties after a Sydney business coach was found to have promoted unlawful tax schemes between 2014 and 2017. The schemes encouraged clients to lodge over-inflated, inaccurate, or unsubstantiated R&D tax incentive claims, leading to serious legal consequences. The Federal Court’s decision The business...
This is the first time the Reserve Bank of Australia (RBA) has cut the cash rate since it slashed rates to 0.10% in November 2020 in response to the COVID-19 outbreak. Since then, we’ve had 13 cash rate hikes as the RBA attempted to rein in inflation. RBA Governor Michele Bullock said in a statement...
Ever spotted a bargain property and then thought to yourself: ‘What’s the catch?’ Well, more often than not there’s a good reason behind a lower-than-expected price tag. And while an undesirable location might not be a deal breaker for you, it could make it harder to sell later. Beautiful home, dead quiet neighbours. Sounds brilliant,...
Great news for home owners – plenty of economists are tipping an RBA rate cut for February. Assuming it happens, once the celebrations have died down, what next? We explain what to expect when rates head south. It’s been a long time between drinks for home owners celebrating a rate cut. The last time the...
The latest inflation figures have thrown a curveball before a pivotal RBA meeting in February. With the Consumer Price Index (CPI) data coming in lower than expected—annual underlying inflation now sitting at 3.2%—speculation is rife that the RBA might move to cut interest rates as soon as next month. But while the door is open,...
Amid growing expectations of rate cuts in 2025, sticking with a variable home loan rate can seem like a no-brainer. But not so fast. Locking in your home loan rate can also have upsides, including the potential for a lower rate right now.\ Home loans come in all shapes and sizes. A common thread is...
Where will you be in 2041? Seeing as a lot of us have yet to commit to our 2025 new year’s resolution, posing a question that far into the future might be a bit of an ask. Alas, the latest population projections are in, and they show that over the next almost two decades, some...
With the year almost done and dusted, it’s time to take names and numbers and crown the winners and losers. Using CoreLogic’s Best of the Best report findings alongside PopTrack data, let’s do just that. Without further ado, here are the best and worst performing suburbs of 2024. Actually, first, a small amount of ado....
As we head towards the end of 2024, let’s take a look at how property markets performed over the last year – and discover what the experts say may lie in store for home prices in 2025. 2024 has been a year of change, with property values and market conditions shifting across many of our...
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2026 Quantiphy – Eastern Suburbs, Sydney. All Right Reserved. Website By Omni Online
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