Well-informed employees can turn, what would have been an income tax liability, into extra super contributions by making use of a salary sacrifice arrangement.  By agreement with your employer, you can have money paid into your super fund from your salary. These contributions to your superannuation fund are paid from your salary before income tax is taken out, and can therefore reduce your income tax liability and also boost your super savings..more

Turning income tax into superannuation savings - how employees can turn an income tax liability into extra super contributions?

You hear people say it all the time – “I’m so depressed!”  Mostly, people are not talking about depression in the clinical sense. But sadly, 45% of people will experience a mental health condition in their lifetime. Nearly half the population! So if you haven’t been through a mental disorder, look around. Odds are the person next to you has.

Depression and anxiety are considered to be mental health related disorders. An individual might get depressed due to several factors like emotional stress,

Some simple facts of life are that women have a harder time accumulating superannuation because there are challenges that arise for women that men will never have to face.  Time off work having children and generally lower remuneration are issues that don’t seem as yet to have affected the blokes. Plus don’t forget women live longer, meaning all things being equal they really require more in their superannuation come retirement day..more

Some simple facts of life are that women have a harder time accumulating superannuation because there are challenges that arise for women that men will never have to face. Time off work having children and generally lower remuneration are issues that don’t seem as yet to have affected the blokes. Plus don’t forget women live longer, meaning all things being equal they really require more in their superannuation come retirement day..more

Some simple facts of life are that women have a harder time accumulating superannuation because there are challenges that arise for women that men will never have to face.  Time off work having children and generally lower remuneration are issues that don’t seem as yet to have affected the blokes. Plus don’t forget women live longer, meaning all things being equal they really require more in their superannuation come retirement day..more

Some simple facts of life are that women have a harder time accumulating superannuation because there are challenges that arise for women that men will never have to face. Time off work having children and generally lower remuneration are issues that don’t seem as yet to have affected the blokes. Plus don’t forget women live longer, meaning all things being equal they really require more in their superannuation come retirement day..more

The Optima Partners 2017 Budget Overview

The Optima Partners 2017 Budget Overview

There was a time when you knew that if you bought an asset, held it for at least 12 months and then sold it, you would only pay tax on 50% on the capital gain, this has been the norm since 1999.  But now it seems that times maybe changing.  There is talk that the capital gains tax discount for investment properties may be removed, resulting in a saving for the budget of about $4 billion a year. Just as there was previous talk about removing negative gearing, but for the time being that has…

There was a time when you knew that if you bought an asset, held it for at least 12 months and then sold it, you would only pay tax on 50% on the capital gain, this has been the norm since 1999. But now it seems that times maybe changing. There is talk that the capital gains tax discount for investment properties may be removed, resulting in a saving for the budget of about $4 billion a year. Just as there was previous talk about removing negative gearing, but for the time being that has…

Oh, that old chestnut, hey? How do you manage to find the right fit when it comes to work commitments and managing the family at home? Not getting that right work/life balance can be a leading cause of stress, both at work and at home.  Well, I’d love to say I have the solution for you, but I actually don’t. I’m a working mother. I feel horrible guilt from the second I drag the kids out of bed in the morning until I walk through the door at night. And by then, all I want to do is sit…

THE WORK/LIFE BALANCE Oh, that old chestnut, hey? How do you manage to find the right fit when it comes to work commitments and managing the family at home?

If you thought that estimating or predicting your tax bill ahead of time was only something that big business did, you’d be very wrong. In fact, Optima Partners already assists many businesses large and small in figuring out “what the damage might be” before the financial year even ends. This is the process of Year End Tax Planning, and we’re approaching the perfect time of year for it. There are three broad stages of Year End Tax Planning: 1. Analyse 2. Adjust 3. Recommend more.....

Tax Planning - Tax Planning is essential for tax savings. Our tax planning strategies work well in this complicated tax environment. Let our tax planning pros help you.

Have you sold your home or looking at selling your home and unsure of the tax consequences? Can the main residence exemption be applied to reduce and/or remove the Capital Gains Tax on the sale? What is it?  The main residence exemption applies to a taxpayer’s dwelling that was owned by an individual/s and nominated as the taxpayer’s main residence. What is a dwelling?  A dwelling for the purposes of the main residence exemption is anything that is mainly used as residential accommodation.

Texas posts a foreclosure trifecta in November, RealtyTrac reports - San Antonio Business Journal

SUBDIVIDING PROPERTY - Avoid Unnecessary Tax  I was with a friend a while back and we were reminiscing of the good old days kicking a footy in his parent’s back yard.  Occasionally one of us would be a little too overzealous trying to impersonate Gary Abblett Snr and the ball would fly over the back fence.  This would usually lead to an argument and paper scissors rock to work out who would jump over to retrieve the ball...more

I was with a friend a while back and we were reminiscing of the good old days kicking a footy in his parent’s back yard

NEGATIVE GEARING HAS BEEN CALLED A LOT OF THINGS IN THE MEDIA LATELY…A tax break A party A rort Out of control It shows no sign of abating either. The federal election isn’t far away, TV personalities like Waleed Aly throwing his opinion into the mix, and whole issue was very quietly omitted from the 2016 Federal Budget despite all this hype. So there’s plenty of ammunition out there for people to attack negative gearing. So far, all the arguments against negative gearing...MORE

The second part of our look into Negative gearing, the practice of using losses from rental properties to reduce your taxable income

ooooh we just said a swear word – “financial adviser”.  There is a stigma that surrounds the financial planning industry, stemming from the industry super funds and a very successful marketing campaign that has run on TV.  People will tell you that they don’t want or need a financial adviser. People will tell you it’s expensive and unnecessary.   People will likely also tell you that it’s far cheaper ...more

Oooooh we just said a swear word – “financial adviser”. There is a stigma that surrounds the financial planning industry, stemming from the industry super Read

TRAPS TO AVOID WHEN INVESTING IN YOUR SMSF  It is no surprise that self-managed superfunds (SMSF’s) are strictly regulated, especially given the fact that a SMSF is a highly favourable tax environment.  A breach of the Superfund Act may result in severe penalties, some so severe you could lose almost half of your fund’s superannuation benefits as a result!  Now that I have your attention, here are a few common traps you should avoid when investing in property through your SMSF:. more

Do you have an SMSF? Here are a few common traps you should avoid when investing in property through your SMSF:

It seems like it was just yesterday when we where wishing everyone a Merry Christmas, Happy New Year and making our New Year’s resolutions. Now reality sets in, as we are now already in February 2016, there is just over 4 months until the end of the financial year!  Like everything you need to look after your superannuation if it is to remain healthy, so that when you retire you will have a healthy balance on hand.  Here are 3 tips for superannuation that you need to look at ..more

Here are 3 tips for superannuation that you need to look at before the end of the financial year:

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