COVID-19 Stimulus – Jobkeeper

Watch our video on Jobkeeper (runs for 3 minutes 22 seconds) by Adam Moiler, or read on below:   What is it? 1. A payment designed to help businesses affected by COVID-19 to cover the cost of employees, so they can keep their staff employed 2. It runs from 30 March 2020 for 6 monthsRead more…

Life Insurance Tax Deductions

Life insurance is something you should consider when it comes to protecting you and your family. It gives you peace of mind knowing your family will be looked after if something happens to you. Putting together a solid life insurance plan requires a basic understanding of the tax implications for different life insurances. It’s importantRead more…

The Tax Implications of Cryptocurrencies

The term cryptocurrency is familiar to many Australians. The hype around cryptocurrency trading, and bitcoin in particular, has caught the attention of many investors and traders with the promise of making some quick money. As cryptocurrencies are still a relatively new form of investment compared to traditional forms of investment, many investors may be uncertainRead more…

Money Management for the Self-Employed

One of the biggest challenges for people who are self-employed is managing their finances effectively. Poor financial management is often the primary reason why many small businesses fail. More than 60% of small businesses in Australia have experienced cash flow issues in the past year. Whether you are just starting out or have been workingRead more…

Getting Your Finances Back On Track

Financial setbacks are often triggered by an unexpected event such as injury, loss of employment, large unplanned expenses, and wrong investment decisions. When financial setbacks accumulate, it can become emotionally overwhelming and highly stressful. It is important to get your finances back on track as quickly as possible. Avoiding the situation will only escalate theRead more…

Wealth Accumulation for Millennials

Compared to previous generations, millennials have less accumulated wealth. This generation on average spend longer in education and carry higher student debt. An unstable economy and global financial instability bring on employment challenges. Combined with unaffordable housing and the changing nature of work, wealth accumulation for millennials will become increasingly difficult. More than ever before,Read more…

Choosing a Business Structure

Individuals thinking of starting up their own business can easily get confused with the different structures a business can operate under. Registering a business name is not the same as setting up a business structure. An understanding of the different business structures and the pros and cons of each classification will help you decide whichRead more…

Are You a Share Trader or a Share Investor? The Difference Affects Your Tax.

Share trading and share investing are sometimes used interchangeably. However, they are two distinct classifications with different tax implications. The classification you best into should be guided by your financial goals, investment style, and risk profile. It is important to understand the distinctions between being a share trader versus a share investor as profits, losses,Read more…

Paying off Your HELP Debt

The Higher Education Loan Program (HELP) is a government initiative designed to make tertiary education accessible for all Australian citizens. With the continual rise of education costs, HELP breaks down the financial barrier to allow more individuals to undertake professional and self development through formal education. Application for HELP is free, and the loan isRead more…

Is It a Hobby or a Business?

Sometimes the distinction between a hobby and a business can be confusing when you want to determine the nature of your income-generating activities. It is important to establish whether you have a hobby or a business as each classification has different regulatory and tax implications. What might have started as a hobby can turn intoRead more…