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Generation Gap

Generation Wealth Gap

If you read the business pages of the newspaper, you may have seen the term ‘inter generational wealth transfer’ starting to appear more frequently. That’s because an estimated $3 trillion of wealth is predicted to change hands over the next two decades, from households of Australians age 55+ to younger generations.[i] This represents a massive shake-up

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Payment Summaries are now called an Income Statement

Single Touch Payroll – Could it be the biggest adjustment to Australian Businesses since Good & Services Tax (GST)? The Australian Taxation Office recently introduced Single Touch Payroll (STP), this is a new legal requirement to report salaries and wages, PAYG withholding and superannuation via STP-enabled software to the ATO each time you are paid

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The Cost of Care

Australia – as the saying goes – is a ‘lucky country’. Our standard of living, our climate, and our health care and social security systems all stand up well to international comparisons. But there is a downside, in the false sense of security that Australians live with in terms of their health, and their capacity

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Franking Credits Proposal

Hot Election Topic explained  – Franking Credits Proposal What is the proposal? The House of Representatives Standing Committee on economics has announced an inquiry in the implications of removing refundable franking credits. The inquiry is going to report on the use of franking credits and who franking credits support and who would be impacted if

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Stepped Insurance

Choosing Between Level and Stepped Premiums

Stepped versus level premiums is a conversation advisers should have with every client when considering long term life insurance cover.  Choosing which is better is more than an economic consideration and depends on the client. To find out more click on the link below or contact Hayden from our office on 07 5437 9900. http://magazine.riskinfo.com.au/37/choosing-between-level-and-stepped-premiums/

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ATO Text Messages

Australian Taxation Office Text Messages Over the last week we have been contacted by some concerned clients who have received  ATO text messages.  The ATO recently advised they will contact taxpayers via text message for overdue form lodgements or overdue payments of GST or Income Tax. However, the ATO will never ask you to respond via

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