Saving for Children’s Education

Did you know that over the past decade the cost of private school education has increased by 61%. This compares to wage growth of only 34% over the same period.1 The ASG Planning and Education Index has metropolitan New South Wales as the most expensive region for...

Self-Managed Super Fund Statistics

Do you have a SMSF? Did you know? the average asset balance of a SMSF, per member, is $652,000. the majority of contributions to a SMSF were by the member not the employer. Member contributions were 5 times more than employer contributions. 84% of SMSF members are...

Home Office Tax Deductions

Working from home: What can I claim? Everyone wants more tax deductions, particularly those tax deductions that do not incur an additional cost. That is, you will incur this cost regardless whether the expense is tax deductible or not. For example, you own a motor...

Christmas parties: FBT implications and tax deductions

Tax deductions and Christmas parties If you are the owner of a small business there is a high probability that you will be in the process of organising your work Christmas party. The purpose of this article is to highlight what is tax deductible, what’s not tax...
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