Marriage and Insurance: The Perfect Pair for a Secure Future
Marriage and Insurance: A Secure Future Together Marriage marks a significant life change, and with it comes the need to review various aspects of your financial planning, including your life insurance. Here is why it is important to review your life insurance policy after getting married: Essential Duo: Life Insurances and Getting Married Adding Your Spouse […]
Global Interest Rate Outlook – Sep 2024
Interest Rate Outlook – September 2024 Diverging Paths for the U.S. and Australia Global Interest Rate Movements As the U.S. Federal Reserve’s September meeting approaches, market consensus points to an impending rate cut, though the scale of the rate cut remains uncertain. Futures markets show a 45% chance of a 50-basis point (bps) cut and […]
Common Car Financing Mistakes to Avoid
Common Car Financing Mistakes to Avoid Under the bright lights of a showroom, it’s easy to get caught up in the excitement of finally purchasing the car of your dreams. While dealer finance may seem convenient, it can often come with higher fees and make negotiating the car price more challenging. If you secure a […]
Navigating Economic Challenges in August 2024
Market Changes and Economic Outlook August 2024 Update After a relatively calm year in equity markets, early August brought a sharp sell-off. The drop was triggered by weaker-than-expected economic data from the U.S. and Japan’s first interest rate hike in decades. Major indices reacted significantly: the S&P 500 fell by around 10%, the Nasdaq dropped […]
Are You Underinsured?
Are you adequately insured? Underinsurance is a common issue that occurs when you have life insurance, but the coverage amount isn’t sufficient to meet all your financial obligations if the unexpected happens. This can leave you and your loved ones financially vulnerable. When did you last review your insurance? You might have some life […]
Tax Time 2024
Tax & Compliance – August 2024 2024 Tax Time It’s tax time! By staying informed about tax incentives, such as the Small Business Energy Incentive and the Fixed Rate Method for home office expenses, you have the opportunity to make the most of this tax year. Get your tax documents ready The sooner you get […]
RBA holds cash rate at 4.35% amidst inflation and market challenges
RBA keeps the cash rate unchanged In August 2024, the RBA has kept the cash rate steady at 4.35% for the sixth consecutive time, aligning with market expectations despite a slight increase in inflation to 3.8% for the June quarter. What this means for the economy Global Outlook: The global economic picture is mixed, with […]
Tax & Compliance – July 2024
Tax & Compliance – July 2024 Considerations for Employers Late Lodgement Penalties The ATO has increased penalties for late lodgement of Business Activity Statements (BAS) and Income Tax Returns (ITRs). These penalties now range from $210 to $1,050 per lodgement, depending on your business’s size and history. It is also now more challenging to have […]
Major changes to bank refinancing policies
Major changes to bank refinancing policies What does this mean for you? Is your loan as competitive as it once was? Does it still meet your needs? Did you know that some banks have relaxed their policies, making it easier for you to refinance with more lenient assessment protocols? Major changes include: Reduction of refinancing […]
Scams Warning
Scams Warning Scams are now harder to spot than before. Scammers have become more sophisticated and often pose as genuine professionals, making it difficult to tell when you’re being scammed. Recovery of money lost to scams is often limited and unlikely. Prevention is crucial. Red Flags to watch out for: Unsolicited Contact: Be wary of unexpected […]
