Welcome to the Nelson Wheeler Nexia NewsletterWelcome to the latest edition of the Nelson Wheeler Nexia newsletter. On May 13th the new Labour Government brought down its first budget. We are pleased to be able to provide you with a summary. Click here to download.
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Tax benefits with insuranceby Craig ReevesBuilding a financial plan without adequate insurance is like building a house on flimsy foundations. Comprehensive insurance cover can be a significant expense. However, the out of pocket cost of insurance can be reduced by taking advantage of the tax deductions that apply to specific types of insurance, and to some methods of implementing insurance. Winners and Losers with Higher Interest Ratesby Stephen CamilleriReading the newspapers, it seems that everyone hates higher interest rates. There’s good reason for that. Higher interest rates are supposed to reduce our spending power. But it’s a bit like medicine – a bitter taste now to make us feel better in the future. Problems with car fringe benefit recordsby Sandy StrachanThe Tax Office has warned that some employers are using inaccurate methods in dealing with the FBT obligations resulting from providing car benefits to their employees. Tax tips for small businessby Nari PottsThe Tax Office has some useful tips and information to help businesses start the new year on the right foot. Moving forward on reverse mortgagesby Greg TabeThe Australian Bureau of Statistics (ABS) estimates that between 1999 and 2031, the population aged 60 years and over will double. According to recent data, over 2.6 million Australians, or 13% of the population, are over the age of 65, as the 'baby boom' cohorts move into retirement. |
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The contents of this Bulletin are general in nature. We therefore accept no responsibility to persons acting on the information herein without first consulting us. |