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Cryptocurrencies are called decentralized currencies because central financial authorities like banks are not involved in the transactions carried out by users. Now, this is where it gets interesting to prevent people from misusing the currency, they are a few systems built-in place to prevent that ...
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You have worked hard to build a solid financial footing for you and your family, so you want to be sure that everything is protected. Accidents and disasters can and do happen, and if you are not adequately insured, it could leave you in financial ruin. You need insurance to protect your life, your ...
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ATO’s warning to Taxpayers on Work related ExpensesThe ATO has issued a warning to taxpayers urging them not to ‘copy & paste’ previous year’s claims in this year’s tax returns.The ATO has said around 8.5 million Australians have claimed close to $19.4 billion in work related ex ...
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Cryptocurrencies are digital currencies that we can use to buy goods and services that accept that currency as a form of payment. For example, if someone says they accept digital currency as payment then you use this currency to buy whatever you want.Since the real-world currencies themselves are of ...
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The Federal Treasurer Josh Frydenberg delivered the Australian Budget 2021-22 on 11 May 2021. This budget aims to create jobs, develop infrastructure, guarantee services and provide confidence to Australian businesses.We are delighted to bring highlights of the budget that will impact the business a ...
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Mortgage is a type of loan where a real estate is been used as a collateral. Typically, it is used to finance a home (owner occupied) or an investment property. The borrower pays an initial deposit which normally varies from 10% to 20%. The mortgage in Australia is set up for 30 years. The borrower ...
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JobKeeper helped in keeping the Australian economy afloat at the time when many Australian businesses were bleak due to Covid19.JobKeeper initially gave businesses $1,500 per fortnight per employee to help pay the wages. At one stage, almost a third of Australian workers were on JobKeeper.With ATO e ...
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 Taxation Ruling TR 2021/1 : Deductibility of employee transport expenses:On 17th Feb 2021 The ATO has released Taxation Ruling TR 2021/1 on the deductibility of employee transport expenses.An employee can only deduct a transport expense under section 8-1 to the extent that:They incur th ...
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The first home super saver scheme , commonly abbreviated as FHSS allows eligible first time home buyers to voluntarily contribute to superannuation and withdraw an amount (plus earnings and less tax) to buy a first home.Eligibility for the FHSS Scheme :Individual at least 18 years oldHave never owne ...
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The market for advice is shifting in many ways post 2020. Recently released research shows about four out of ten Australians will seek financial advice over the next 12 months. Government is implementing further Financial sector reforms to strengthen the financial advice and provide consumers with b ...
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