Here, our financial experts take a close look at what’s happening in the world of finance.
We uncomplicate breaking announcements from the Reserve Bank of Australia (RBA), the Australian Taxation Office (ATO), the Australian Securities and Investments Commission (ASIC) and the Federal and State Governments so you can understand how those changes will impact you, your family or your business.
If you’re wanting to stay up-to-date on topics such as interest rates, tax planning, superannuation, the Federal Budget, incentives and schemes, HELP debt, deductions, concessions, depreciation, investment properties and much more, this is where you’ll find the answers.
Knight is with you every step of the way as you strive for financial success. If you’d like some additional information regarding any financial news, please reach out for a consultation to plan your next step.
Securing Your Superannuation in Divorce Financial Settlements
Divorce can be an emotionally challenging and complex process, especially when it comes to dividing assets, such as superannuation. As you navigate this difficult time, understanding how to protect your superannuation in divorce financial settlements is crucial for securing your financial future. This article will discuss strategies and considerations to ensure your superannuation is safeguarded throughout your divorce proceedings. The importance of superannuation in divorce financial settlements Superannuation often represents a significant portion of a couple’s assets, making it
Heather Moore | Keep cash close… and your tax and financial advisers closer
Heather Moore for The West Australian Keep cash close… and your tax and financial advisers closer It’s tax time, and that means we’re all looking to make the most of anything we can claim and get our finances in order for the new financial year. It’s also the time of year that’s most popular to reach out to a financial adviser to get all your money ducks in a row. But how do you encourage your tax adviser and your
Knight’s accounting unit joins the Bentleys Network
Starting July 1, 2024, Knight’s accounting unit will join the Bentleys Network – a collective of like-minded professional services firms. What does this mean for clients? In making this move, Knight’s priority has been to ensure any changes for Knight clients are positive ones. Here’s how that breaks down: You’ll be dealing with the same team you trust – now with access to dozens of accounting firms and hundreds of experts across the world You’ll experience even better outcomes –
Tax planning for businesses this financial year end
As the end of the financial year approaches, it’s crucial for business owners to review activities from 2024 that will affect compliance and tax obligations. Additionally, it’s time to begin planning for the upcoming financial year, starting on July 1, 2024. One of the most critical tasks for trustees of discretionary trusts is to strategically distribute trust income and capital for 2024 to eligible and appropriate beneficiaries. Business owners should consider taking the following actions, which could reduce your 2024
Tax planning for individuals this financial year end
With the end of financial year almost here, it’s time to take stock of activities during 2024 that will impact on compliance and tax for the year and also look ahead to planning for next financial year commencing 1 July 2024. Of key importance is the requirement for trustees of discretionary trusts to consider how best to distribute trust income and capital for the 2024 year to eligible and appropriate beneficiaries. You should consider taking the following actions, which could
Heather Moore – Superannuation for First Home Buyers on Channel 9
Could dipping into your superannuation help you get into the housing market? The coalition certainly thinks so, in a newly reconfirmed policy designed to soften the housing market for first-home buyers. So, what is the policy? Up to 40% of your deposit balance could be withdrawn from superannuation funds for first-home buyers This 40% withdrawal is capped at $50,000 Heather Moore breaks down the pros Anyone who has been struggling to break out of the “rental cycle” can
Federal Budget 2024/25 – Individuals and Families
Budget night has officially been and gone. But what does it mean for you and your family? The good news is that this year’s budget presented no surprises – almost everything that was presented had been revealed well before budget night, apart from the additional bonus of the universal power bill credit for all households.
Federal Budget 2024/25 – Businesses
The Federal Budget 2024/2025 has officially been announced. There were no big surprises for you and your business this year. Most of the changes presented in the budget had been announced and discussed well before budget night. But, there are some changes you should be aware of. We know how busy you are as a business owner, so we’ve summarised it for you below.
Heather Moore and Channel 9 on Cash Out Day
Heather Moore advises the impact of Australian ATMs set for “Cash Out Day” Some Aussies are responding to a cashless society. What does this mean for everyone else? Heather Moore, Accounting Director at Knight Group, sat down with Channel 9 News to discuss the impact of April 2nd’s “Cash Out Day.” In response to big banks’ push towards a cashless society, many Aussies called for a community-organised protest to draw out as much cash as possible from bank ATMs. Why?
