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05 Oct, 23

Statement by Michele Bullock, Governor: Monetary Policy Announcement

During the meeting, the Board made the decision to maintain the cash rate target at 4.10 percent and keep the interest rate paid on Exchange Settlement balances unchanged at 4.00 percent.

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29 Sep, 23

Maximising your Tax Refund: Top strategies for Melbourne Residents

Are you a Melbourne resident looking to make the most of your tax refund? You're in the right place! At Accounts NextGen, we understand the intricacies of the tax landscape in Melbourne, and we're here to help you optimize your tax return while ensuring compliance with local tax laws. In this blog post, we'll explore some top strategies to help you maximize your tax refund with the assistance of a Tax Return Melbourne service or a Tax Accountant Melbourne.

19 Sep, 23

“Understanding Loyalty Tax: Its Meaning and Strategies for Avoidance”

It’s essential to clarify that Loyalty Tax has absolutely no affiliation with the ATO (Australian Taxation Office). Instead, Loyalty Tax represents a subtle and somewhat deceptive tactic employed by companies to extract additional money from their customers. The good news is that Loyalty Tax can be sidestepped.

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19 Sep, 23

“Understanding the Fundamentals of Salary Sacrifice and Its Tax Implications”

Salary sacrifice arrangements, often referred to as salary packaging, can be a strategic approach to improving your financial situation, but they can also be perplexing. In essence, salary sacrificing involves allocating a portion of your pre-tax income in exchange for specific benefits or items.

19 Sep, 23

“Understanding Stage 3 Tax Cuts: Their Impact on Your Tax Refund and Who Stands to Gain”

Discussion about Stage 3 tax cuts has been ongoing since their initial announcement in 2018. The primary objective of these tax cuts was to provide relief to Australian taxpayers facing the challenge of "bracket creep" while also streamlining the tax system for greater simplicity.

12 Sep, 23

The Reserve Bank of Australia (RBA) has opted to maintain the official cash rate at 4.1%, marking the third consecutive month without any changes

The Reserve Bank of Australia (RBA) has chosen to keep its official cash rate unchanged at 4.1% for the third consecutive month. This decision comes as the RBA carefully evaluates whether the recent significant increase in borrowing costs, the sharpest in three decades, has been effective in curbing inflation. During its September board meeting on […]

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06 Sep, 23

Tax Planning Strategies For Individuals: Maximizing Your Financial Efficiency

Tax planning is a crucial aspect of personal finance management. Effective tax planning can help individuals minimize their tax liability, retain more of their hard-earned money, and achieve their financial goals faster. In this blog, we'll delve into essential tax planning strategies for individuals in Australia. We'll explore various ways to optimize your tax position, take advantage of available deductions and credits, and make informed decisions that can benefit your financial future.

04 Sep, 23

Embracing the Future: Digital Transformation in Accounting

In a rapidly evolving business landscape, where change is the only constant, the accounting profession is no exception. Gone are the days of manually sifting through stacks of paperwork and crunching numbers on calculators. The digital era has ushered in a wave of transformation, redefining how accountants work, the services they provide, and the value they bring to organizations. Welcome to the world of digital transformation in accounting.

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30 Aug, 23

Why Has My Tax Refund Gone Down?

For a majority of Australians who file their tax returns, receiving a tax refund is a common occurrence. However, there are instances when the refund amount falls short of expectations.

23 Aug, 23

Foreign and Worldwide income you need to declare

Check if you need to declare foreign income and pay tax, the tax you pay depends on your residency for tax purposes.

Statement by Michele Bullock, Governor: Monetary Policy Announcement

Maximising your Tax Refund: Top strategies for Melbourne Residents

“Understanding Loyalty Tax: Its Meaning and Strategies for Avoidance”

“Understanding the Fundamentals of Salary Sacrifice and Its Tax Implications”

“Understanding Stage 3 Tax Cuts: Their Impact on Your Tax Refund and Who Stands to Gain”

The Reserve Bank of Australia (RBA) has opted to maintain the official cash rate at 4.1%, marking the third consecutive month without any changes

Tax Planning Strategies For Individuals: Maximizing Your Financial Efficiency

Embracing the Future: Digital Transformation in Accounting

Why Has My Tax Refund Gone Down?

Foreign and Worldwide income you need to declare

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