The Great Housing Affordability Debate: What the Major Parties are Promising Home Buyers This Election

If you’ve been following the election these past few weeks, you would have heard various politicians talking a lot about things like ‘cost of living’ and ‘housing affordability’. They’re the political buzzwords of 2022. It’s little wonder. Rising interest rates and record-high property prices have made home ownership an issue of immense concern and frustration for many Australians. And the politicians know it. So, with just days until the polls…  Read more

Budget 22: New Medicare Thresholds

Medicare Thresholds Blog Increasing the Medicare Levy Low-income Thresholds The Government will increase the Medicare levy low-income thresholds for seniors and pensioners, families and singles from 1 July 2021 as follows: The threshold for singles will be increased from $23,226 to $23,365. The family threshold will be increased from $39,167 to $39,402. For single seniors and pensioners, the threshold will be increased from $36,705 to $36,925. The family threshold for…  Read more

2022-23 Federal Budget Highlights

Budget 2022 23 The Federal Treasurer, Mr Josh Frydenberg, handed down the 2022–23 Federal Budget at 7:30 pm (AEDT) on 29 March 2022. In an economy emerging from the pandemic, the Treasurer has confirmed an unemployment rate of 4% and an expected budget deficit of $78 billion for 2022–23. As international uncertainties add pressure on the cost of living, key measures in the Budget provide cost of living relief in…  Read more

How is cryptocurrency taxed in Australia?

One of the most common questions clients are asking us now is: How is my crypto taxed? Many people unfortunately don’t understand that a cryptocurrency is just like any other investment. Whether you’re currently involved in a cryptocurrency like bitcoin, or considering buying a cryptocurrency, it’s important you understand the tax implications before investing. While the tax consequences will vary according to your circumstances, and it’s important to seek reliable…  Read more

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