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Income Protection Insurance and Your Tax Return

Working out what you can claim when it comes to income protection insurance can get confusing. Here are a few explanations that have come directly from the ATO, to help you work out where to begin. The key thing to remember is that you can claim the cost of premiums you pay for insurance against the loss of your income. You cannot claim a ded ... Read More

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Preparing for Tax Time 2017

Remember last year when we all vowed to be much better prepared for lodging our tax returns? Vowing not to wait until the last second or lose those important receipts? Well, now is the time to start getting organised. With the 1 month countdown to the new financial year, here are a few handy tips to consider.   Know what you can claim Ide ... Read More

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Your Tax Appointment: What to bring

In preparation for your tax return appointment, we have put together a useful checklist to help you prepare exactly what you need to bring along. This checklist is for general individual tax returns and includes some information for rental property owners. Please keep in mind that this list is not exhaustive. You may well have a few things that ar ... Read More

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Maximise Your Tax Return

Every year we have so many clients who do not track their deductions. As a result, they lose hundreds or sometimes thousands, of dollars. Growth Focus specialises in helping you organise your finances to maximise your return, this year and beyond. There are four essential steps: Know what to claim Remember small deductions Know wha ... Read More

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2017 Budget Updates: Superannuation and GST

The Federal Treasurer, Scott Morrison has delivered his second budget. Mr Morrison said the budget is focused on boosting the economy and households, so that we live within our means and are able to return the budget to balance in 2020/21. Below we highlight the GST and superannuation areas that the Budget has targeted that will impact our clien ... Read More

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2017 Budget Updates: Small Businesses

The Federal Treasurer, Scott Morrison has delivered his second budget. Mr Morrison said the budget is focused on boosting the economy and households, so that we live within our means and are able to return the budget to balance in 2020/21. Below we highlight the small business areas that the Budget has targeted that will impact our clients. S ... Read More

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2017 Budget Updates: For Individuals

The Federal Treasurer, Scott Morrison has delivered his second budget. Mr Morrison said the budget is focused on boosting the economy and households, so that we live within our means and are able to return the budget to balance in 2020/21. Below we highlight the individual tax areas that the Budget has targeted that will impact our clients. I ... Read More

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Fast Simple Bookkeeping: Is it time for Excel to go?

Written By: Alice Robinson For years people have been turning to excel to do their bookkeeping. Sure, it is great for crunching a few numbers and after years of trial and error you may have the perfect personalised process... but is it really worth all of that time? Here are a couple of reasons that you should close up Excel and move on to the clo ... Read More

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Super Reforms passed through parliament

A little while ago we posted a news update about the Super reforms proposed in the 2016-17 budget. It can now be confirmed that these proposed changes have all passed through parliament and are set to take effect from the 1st of July, 2017. These are some of the changes that you can expect: Non-concessional contributions will be limited to bal ... Read More

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Maximise your super by consolidating your funds

Having more than one super account is reasonably common but can actually deplete your retirement fund through the duplicate fees and costs that will be accrued. In this instance, you may want to consider consolidating your super funds which simply means to put all of your super together into one account. This will reduce fees and will ultimately ma ... Read More

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