Luxury car tax or LCT is a 33% tax on cars that have a value (including GST) above the set threshold. However, the tax is only on the value which is above the threshold. Businesses and individuals that sell or import luxury cars are required to pay LCT. You can make LCT payments in instalments…
Super (AU): Pros and cons of home reversion Home reversion is when you sell a share of the future value of your home whilst still living there. You receive a lump-sum payment and continue to own the remaining share of your home equity. Pros You are able to continue living in your home after you…
Now that businesses must have a better idea of the working conditions they will be adopting in 2021, it’s ideal to consider how employer liability changes. The health and safety of employees in the workplace is the responsibility of the employer. Employers must protect their employees’ well-being, by taking into consideration the risks involved on…
Buying an existing business can be a great entryway into being a business owner – but it does come with challenges. Following these steps might make it easier for you to make sure that the business you buy is right for you. Understanding if you are ready for business: This doesn’t just involve the financial…
When checking through your transactions, you might come across a transaction that doesn’t look right. If this is the case, you should get into contact with your bank as soon as possible. An unauthorised transaction: Money transferred from your account without your permission A mistaken transaction: Paying the wrong person by using the wrong details…
China has imposed restrictions for imports from Australia for various items. Although, this might not have had the impact that China had first wanted. China makes up a large part of the Australian trade, therefore, the intentions behind restricting import from Australia would have been to damage the Australian economy. Although China has somewhat succeeded,…
Job dissatisfaction can have a significant impact on your life. It will affect your productivity at work and your mood both at and after work. Therefore, it can’t simply be ignored. Instead, it needs to be dealt with head-on! The first step of dealing with dissatisfaction is to figure out exactly what is dissatisfying about…