The Redesigned Stage 3 Personal Income Tax Cuts

2024-01-30T13:24:28+10:00January 30th, 2024|ATO, Budget, General, News|

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. After much speculation, the Government has announced that they will amend the legislated Stage 3 tax cuts scheduled to commence on 1 July 2024. This will mean that more

The key influences of 2024

2024-01-21T16:25:34+10:00January 18th, 2024|ATO, Budget, Corporate, General, News, SMSF, Super|

Uncertainty has reigned over the last few years, but can we expect more consistency as we kick off 2024? We explore some of the key issues and influences. Inflation and labour supply RBA Governor Michelle Bullock stated, “Inflation is past its peak and heading in the right direction, but it is likely to return

A Ten-Step Guide to Alleviating Financial Stress in Challenging Times

2023-08-20T12:45:57+10:00July 15th, 2023|Budget, Family, General, Support|

Tough financial times can usher in a wave of stress. Here, we present ten strategies to assuage your unease by channelling your focus on the controllable aspects of your life. 1. Prioritise Personal Well-being: Adequate nutrition, sufficient sleep, reserved time for leisure, and learning relaxation techniques are critical to your overall health and wellness.

Mind over Money: How Managing Your Finances Can Improve Your Mental Health

2023-06-21T17:00:52+10:00June 18th, 2023|Budget, Family, General, Support|

A wealth of scientific research has underlined the profound impact of financial issues on physical and mental well-being. Those wrestling with debt are more susceptible to various conditions, such as insomnia, hypertension, chronic pain, and even cardiac issues. However, it is our mental health that often bears the heaviest toll. Acute financial stress can

Tax Planning 101

2023-06-18T15:11:42+10:00June 3rd, 2023|ATO, Budget, General, Support|

Tax planning applies to anyone who lodges a tax return and receives a tax assessment. In light of the Australian Taxation Office (ATO) shifting its focus to the small business ATO debt accumulated during the COVID-19 pandemic, understanding your tax payment schedule is vital for maintaining healthy personal and business cash flows. Tax planning

May 2023 Federal Budget Summary

2023-05-10T12:17:33+10:00May 10th, 2023|ATO, Budget, General, News, Support|

Ace in the Hole: Budget 2023-24 Last night the Treasurer, Jim Chalmers, handed down his second Federal Budget. The ‘ace in the hole’ of the 2023-24 Federal Budget was despite global economic uncertainty, a $4.2bn surplus; the first in 15 years driven by a surge in the corporate and individual tax take. A forecasted

Shuffling the Deck: 2022-23 Budget 2.0

2022-10-26T10:38:56+10:00October 26th, 2022|ATO, Budget, General, News|

Shuffling the Deck: 2022-23 Budget 2.0 Last night the Treasurer, Jim Chalmers, handed down his first Federal Budget. Given the rapidly escalating economic risks – a deteriorating global growth outlook, rising inflation and structural spending pressure, he promised a "solid and sensible budget". There is nothing in this Budget that would create a UK style

What to expect from the new Government

2022-07-11T01:38:13+10:00June 22nd, 2022|ATO, Budget, General, News|

Anthony Albanese has been sworn in as Australia's 31st Prime Minister and a Government formed. We look at what we know so far about the policies of the new Government in an environment with plenty of problems and no easy fixes. The economy The Government has stated that its economic priority is, "creating jobs, boosting

Webinar – Tax Planning (Tips & Tricks)

2022-04-21T15:53:25+10:00April 21st, 2022|ATO, Budget, Corporate, General, Webinar|

On Wednesday 4 May @ 12.3-pm, BDH Leaders is hosting a webinar tailored for business owners interested in tax planning insights, tips and tricks. Having a tax plan in place before 30 June will help you make strategic decisions to maximise your returns come tax time. With the end of the financial year fast approaching,

2022-23 Federal Budget – Overview

2022-03-30T10:09:28+10:00March 30th, 2022|Budget, General, News|

Last night the Treasurer, Josh Frydenberg, handed down the Federal Budget. In delivering his Budget, he said, “events abroad are pushing up the cost of living at home” as he announced “temporary, targeted and responsible” financial support. With an election expected on 14 May, as predicted, this stimulus Budget includes initiatives to address the rising

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