by Cindy Su | Jun 12, 2023 | Finance, Financial Advisers, Tax & Accounting
We are thrilled to announce that Ed Chan, Co-founder and Non-Executive Chairman of Chan & Naylor, has been selected as a finalist for the prestigious Australian Accounting Awards as Thought Leader of the Year. With an illustrious career spanning over several...
by Aaron Hickey | Jun 12, 2023 | Housing Prices, Interest Rates, Property Investment, Property Investment Tips
Almost 880,000 borrowers will need to find hundreds or thousands of dollars more each month when their fixed-rate periods expire this year. And for many, refinancing loans with a new lender (and a cheaper rate) has proven impossible due to strict criteria from the...
by Ed Chan | Jun 2, 2023 | Cryptocurrency, Finance
In the past few months, the Australian government and regulators have placed a strong focus on protecting consumers from cryptocurrency scams, especially in light of the recent collapse of well-known crypto businesses. One effective strategy to achieve this goal could...
by Cindy Su | May 15, 2023 | ATO, Business, COVID-19, Depreciation, EOFY, Finance, Income Tax Returns, Interest Rates, Job Keeper, Property Investment, SMSF, Tax & Accounting, Tax Planning, Tax Returns
The 2023-2024 Federal Budget was introduced amid daunting economic challenges, including high inflation, escalating interest rates, a persistent housing supply crisis, and an unstable global financial market. Nevertheless, the budget offers a glimmer of hope as it...
by Aaron Hickey | May 13, 2023 | Financial Advisers, Interest Rates, SMSF, Superannuation
Do you own property and hold a mortgage in your Self-Managed Super Fund? If so, it might be a good idea to review your current interest rate. At Chan and Naylor Finance, we have had countless clients coming to us with existing Superfund lending products, paying...
by David Naylor | May 7, 2023 | EOFY, Interest Rates, Tax & Accounting, Tax Planning, Tax Returns
Are you An employer? At a glance: The super guarantee (SG) rate will increase from 10.5% to 11% on 1 July 2023. You should Update your payroll systems to align with the increase; the new SG rate applies to payments made to workers on or after 1 July 2023. Contact us...
by Cindy Su | May 7, 2023 | EOFY, Interest Rates, Tax & Accounting, Tax Planning, Tax Returns
Are you A taxpayer who has private health insurance? At a glance: On 1 July 2023 (for the 2023-24 income year), the income thresholds for the calculation of the private health insurance rebate will change. You should Contact us if you require clarification or advice....
by Ed Chan | Apr 13, 2023 | Business, Small Business, Tax & Accounting
Are you an Employer At a glance: The Fair Work Ombudsman is currently focusing on payroll governance including ensuring pay slips requirements are met. You should Payroll governance measures are important to ensure that you comply with requirements. Contact us if you...
by Cindy Su | Apr 13, 2023 | Business, EOFY, Small Business, Tax & Accounting, Tax Planning, Tax Returns
Are you A business who intends purchasing or improving an asset before 30 June 2023? At a glance: You are still able to deduct the full cost of eligible assets up until 30 June 2023. You should Contact us if you require any clarification or advice Some pointers about...
by Ed Chan | Apr 12, 2023 | Finance, Property Investment, Retirement Planning, SMSF, Superannuation, Tax & Accounting
When Morrison, as treasurer, limited Super to $1.7m (together with a spouse $3.4m), that meant a 5% return earned $170K in tax-free income (for a couple) and $85K for a single, was sufficient to live on and reversed Superfunds from a tax avoidance vehicle to a genuine...
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