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#Everyoneneedsaplan for the wage increase
Posted by G. Dean McKinnon
on 13 June 2018
Base rates of pay to increase by 3.5%
The Fair Work Commission has announced an increase to minimum wages after their 2018 Annual Wage Review.
The increase applies to base rates of pay and will start on 1 July 2018.
The new national minimum wage will increase to $719.20 per week (or $18.93 per hour).
What to do next:
Make sure your employee's details are current;
Make sure your employee's are classified in their correct level of exeperience, acco...
| Posted in:EconomicSocial Security | 0 Comments |
#Everyoneneedsaplan for the new Federal Budget
Posted by G. Dean McKinnon
on 16 May 2018
2018 Federal Budget
Want to know how it affects you? Here are the highlights:
Up to $530 tax savings (per peron) for low and middle income earners
$20,000 instant business asset write off has been extended to 30 June 2019
1 year exemption from work test for recent retirees (with less than $300,000 in superannuation savings)
Superannuation fund exit fees have been banned
Home care services and residential aged care funding has increased
...
| Posted in:Tax | 0 Comments |
#Everyoneneedsaplan for tax time
Posted by G. Dean McKinnon
on 9 May 2018
HOW TO GET READY FOR TAX TIME
Here are some tips to make tax time a smoother process:
Get your evidence organised:
Bank statements
Tax deductible expense receipts
Income Protection Insurance
Credit card statements
Rental income statements
Investment property expenses (rates, water, agent fees; repairs)
Dividend Statements
Medical Insurance
Categorise your evidence
Sorting your statements and receipts etc. into categories c...
| Posted in:Tax | 0 Comments |
#Everyoneneedsaplan for a successful budget
Posted by G. Dean McKinnon
on 28 April 2018
Is Your Budget Accurate?
In order for your budget to be a successful tool in developing your financial plan, it needs to be accurate.
Here are some tips to help make your budget more accurate:
Before you start, obtain some source documents from which to obtain actual expenditure (e.g. credit card statements; bank account statements; bill notices; rental statements).
Separate your expenses into categories (e.g. household; vehicles; education; debts [c...
| Posted in:Financial Planning | 0 Comments |
#Everyoneneedsaplan to Budget for a Newborn Baby
Posted by G. Dean McKinnon
on 14 April 2018
How to Budget When You're Having a Baby
Budgeting for a newborn baby is key to reducing stress on the family.
The family's income may be lower due to mum not working leading up to, during and after pregnancy
Detailed cash flow planning is a must to ensure sufficient monies are available to meet the family expenses
You should revise your expenditure budget to include costs of newborn baby (you can use our budget template)
You should include hospita...
| Posted in:Financial Planning | 0 Comments |
