With 30 June fast approaching, it is essential to take a proactive approach to year-end planning. The end of the financial year should be viewed not merely as a compliance deadline, but as a strategic opportunity to optimise tax outcomes, strengthen cash flow, and enhance overall business performance. Key EOFY Actions for Business Owners Should […]
Author Archives: qfp-admin
25
May
May
The Australian Government’s upcoming Payday Super reforms will significantly change how employers manage superannuation obligations. While the changes are designed to improve employee retirement outcomes and reduce unpaid super, they will also create new compliance and cash flow considerations for businesses. We recommend businesses begin preparing now to avoid operational disruption and potential compliance risks. […]
AI is a powerful tool — but it is not always correct Artificial intelligence (AI) systems such as chatbots and automated research assistants are increasingly used by taxpayers and professionals to gather information quickly. While these tools can significantly improve efficiency, they also pose real risks when used without proper verification. Recent Australian tribunal decisions […]
In recent years, “thematic investing” has become one of the most popular styles of investing in Australia and globally. It sounds compelling. It feels modern. And it often aligns with exciting stories about the future. But history shows that while the story may be exciting, the investment outcome often is not. It’s important we separate […]
Articles
Are you Retirement Ready? Avoid these mistakes and learn what retirees wish they did differently.
09
Mar
Mar
Retirement planning is one of the most important financial decisions you’ll make—and yet, many overlook key strategies that can make a significant difference to their future lifestyle. Here’s what you need to know: 5 Common Mistakes 1. Neglecting Super Contributions Many employees rely solely on employer contributions, assuming they’ll be enough. In reality, the Superannuation […]
Uncategorized
Superannuation Update: Transfer Balance Cap Rising to $2.1 Million – What it Means for You
23
Feb
Feb
The Australian superannuation system continues to evolve, and one of the most significant upcoming changes is the indexation of the Transfer Balance Cap (TBC). From 1 July 2026, the general TBC will increase from $2,000,000 to $2,100,000, allowing eligible retirees to move more of their super into the tax‑free retirement (pension) phase. This update forms […]
09
Feb
Feb
The Federal Government has enacted important changes to the way taxpayers are taxed on ATO interest charges. From 1 July 2025, General Interest Charge (GIC) and Shortfall Interest Charge (SIC) will no longer be tax-deductible. This represents one of the most significant reforms to ATO debt management in recent years and will materially affect individuals […]
27
Jan
Jan
Recent Australian Taxation Office (ATO) date, discloses that 768,537 people paid the Medicare Levy Surcharge (MLS) in the 2023 Financial Year. The ATO also confirms that there is an increase of nearly 25% on the previous year. The Medicare Levy Surcharge is an additional 1.0% to 1.5% paid by Australian taxpayers who do not have […]
12
Jan
Jan
Recently, I was discussing retirement with a group of retirees. This group of retirees live in Sydney and I would consider them to be, in the main, healthy individuals who have worked to age 65, own their home and paid off their mortgage, paid taxes throughout their life and had a family of between 2 […]
15
Dec
Dec
Why Legal Tax Minimisation Is Not an Act of Guilt — It’s Common-Sense As the late media magnate Kerry Packer once told a Senate enquiry: “I am not evading tax in any way, shape or form. Now of course I am minimising my tax — and if anybody in this country doesn’t minimise their tax, […]