Inspired to initiate home updates after watching some of the best home renovation shows on television and streaming sites? We can’t really fault you for getting all worked up, as there’s nothing quite as exciting as embarking on a home renovation project to refresh the look...
While most people write wills, very few families discuss inheritance. Parents avoid discussing inheritance planning with their children due to the subject’s sensitivity. However, avoiding the conversation does more harm than good. For example, poor wealth management by heirs can lead to business collapse. Here are some reasons...
Demand for electric vehicles continues to climb in Australia but overall the auto industry is only marginally ahead of last year’s market performance. The Federal Chamber of Automotive Industries has released the latest sales data with demand for new cars and trucks in April rising to...
More than a million Australian families will soon get cheaper childcare, with extra money also set aside to hire more early educators. The Albanese government will commit $55.31 billion across the next four years in this month’s budget to make childcare more affordable from July. The signature...
WHAT WE KNOW ABOUT THE 2023 FEDERAL BUDGET SO FAR Treasurer Jim Chalmers will deliver his second federal budget on May 9, focusing on cost of living relief while ensuring spending does not add to inflation. BUDGET POSITION * Deficits likely over the next four years. Treasury says...
If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it’s likely that you would have claimed a depreciation expense. So, what’s the difference between temporary full expensing and instant asset write-off? Temporary full...