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As we approach the end of 2023, it's an opportune time to reflect on the financial journey we've embarked on together this year. In this article, we'll guide you through the essential aspects of reviewing your finances and help you set short-term goals for the upcoming year of 2024.
Read MoreThe Australian tax landscape has undergone a significant change with the removal of the Low and Middle Income Tax Offset (LMITO), which was a temporary measure introduced in 2018 to provide tax relief to low- and middle-income earners. The offset, which offered a maximum benefit of $1,500, was phased out in the 2021-22 financial year and no longer applies for the 2022-23 income year onwards.
Read MoreAs we stand on the brink of a new year, it's an opportune moment not just for financial recalibration but for a holistic evaluation of your life. This article will serve as your guide, offering insights into both financial and non-financial goal setting, fostering a harmonious approach to your well-being.
Read MoreThe holiday season is fast approaching, and with it comes the excitement of festive celebrations, gift-giving, and quality time with loved ones. However, it's also a time when many people face financial stress as they navigate end-of-year expenses and holiday spending. To ensure you have a joyful and financially responsible holiday season, it's crucial to create a thoughtful financial plan.
Read MoreThe holiday season is a time for celebration and goodwill, and many businesses host Christmas parties to reward employees and foster team spirit. However, it's essential to understand the implications of the Fringe Benefits Tax (FBT) when planning these festive gatherings. In this article, we will explore the aspects of FBT related to Christmas parties and provide valuable tax considerations to ensure that your business remains compliant and efficient during the holiday season.
Read MoreSalary packaging, also known as salary sacrificing or salary re-packaging, is a financial arrangement that allows employees to structure their remuneration package in a way that provides them with tax benefits and flexibility. It's a powerful tool that can help individuals optimise their financial situation. In this article, we'll explore the various benefits and uses of salary packaging and explain how you can leverage this strategy for a brighter financial future. For personalised assistance in maximising your options, don't hesitate to reach out to one our expert Accountants.
Read MoreIn the ever-evolving landscape of personal finance, it's easy to feel overwhelmed and uncertain about your financial future. The good news is that you don't have to navigate this complex terrain alone. At Salt Financial Group we're here to guide you through the intricacies of financial planning and help you create a roadmap to secure your financial well-being.
Read MoreOctober is dubbed the "jinxed" month in the financial world, as it is often notorious for its volatility. Investors have long braced themselves for sharp market movements, reacting to a myriad of factors such as economic data releases and geopolitical events. In this article, we will explore the historical data and examples that illustrate why October is a month that often keeps investors on their toe
Read MoreWith the ATO due date for self-lodging tax payers approaching at the end of October, it is a good time to understand the benefits of having a tax agent prepare your tax return. Here's why having a tax agent can be advantageous:
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