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Temporary COVID disaster payment: This is available for workers who reside or work in a ‘Commonwealth declared hotspot’, who are unable to attend work and earn income due to state-imposed restrictionsThis is available for Australian citizens, permanent residents & eligible work ...
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Superannuation system that we have now, has gone under quite a few reviews since 2013. The reviews were commissioned by the Coalition Government to ensure that the system is working for the Australians. Upon a 2014 Financial System Inquiry (FSI), it was observed that super industry needed to improve ...
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Cryptocurrencies are also called decentralized currencies because central financial authorities like banks are not involved in the transactions carried out by users. In order to prevent people from misusing these currencies, a few security systems are in place and these systems are what we will talk ...
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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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