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Managing longevity risk and your superannuation
Longevity risk is a common and important factor to consider when planning for your retirement funds. Longevity risk refers to the risk of outliving your savings and arises as people enter retirement, and in most cases, with a fixed amount of money to use during their retirement years. Managing your longevity risk is important because…
ATO introduces new working from home deduction scheme
COVID-19 is forcing many businesses to work from home, meaning that you now have to pay for expenses such as heating and lighting that were previously covered by employers. The ATO has introduced a new ‘shortcut method,’ where you can claim additional running expenses at a rate of 80 cents for each hour you work…
Would you like us to help reduce your tax liability?
Unfortunately, as one tax year comes to an end, another one begins, and our attention now turns to ways we can help our clients reduce their tax liability in the coming year. Tax time doesn’t need to be arduous and confusing. Our expert team will ensure your taxes are handled in the most efficient way…
Setting up your myGovID
If you haven’t set up your myGovID yet, you need to do it before you can lodge your next business activity statement (BAS). AUSkey, including Manage ABN Connections, will be replaced by the ATO’s myGovID and Relationship Authorisation Manager (RAM) from 27 March 2020. After this change, you will no longer be able to access…