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How the Division 293 Tax Works: Super Surcharge for High Earners

For most high-income earners, contributing to superannuation (super) is a tax-efficient way to save for retirement. However, there are tax rules in place to ensure fairness, especially as your income rises. Under Division 293 of the Income Tax Assessment Act, high-income earners may face an additional 15% tax on their concessional (before-tax) super contributions if […]

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Boost Your Medical Practice with Expert Accounting Services for Doctors

As a medical professional, your main priority is delivering exceptional care to your patients. But managing a successful medical practice requires more than just medical expertise—it demands effective financial management and strategic planning. This is where specialized accountants for doctors come in. With an in-depth understanding of the unique financial challenges faced by medical professionals,

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Smart Investment Options for Young Australians: BOA & Co’s Top 10 Picks

Navigating the world of investments can be both exciting and daunting, especially for young Australians just starting out. With the right guidance, even modest investments can grow into substantial returns over time. BOA & Co is here to help you understand the best investment opportunities available today, tailored specifically for the unique needs of younger

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Secure Extra Savings with August 2024 Home Loan Cashback Deals

If you’re in the market for a new home loan or considering refinancing, cashback deals can offer a significant financial boost. These offers can help cover upfront costs, reduce your mortgage burden, or even fund some home improvements. However, with cashback incentives becoming scarcer, it’s more important than ever to carefully compare your options before

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Take Charge of Your Mortgage: How Mortgage Holders Can Secure Their Own Rate Cut

Variable-rate mortgage holders who are waiting for relief from the Reserve Bank of Australia (RBA) might find themselves needing to explore alternative solutions. With the RBA signaling that a rate cut is unlikely this year, homeowners with variable rates may need to be proactive in reducing their monthly payments. If you’re a homeowner looking to

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Experts Predict RBA to Maintain Cash Rate at 4.35%

Mortgage payers have been warned against complacency, despite expected welcome news around Tuesday’s all-important cash rate announcement. Economists and experts have tipped that the Reserve Bank of Australia (RBA) will hold the cash rate on Tuesday, but borrowers have been advised to prepare for potential future hikes, as the board is unlikely to rule out

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Debt and Deficits: A Looming Threat to Global Financial Stability

Persistent budget deficits may trigger the next global financial crisis, as investors could lose confidence in government debt, warned John Simon, the outgoing head of research at the Reserve Bank of Australia (RBA), in his final remarks. Dr. Simon identified the “bank-sovereign nexus” as a significant medium-term risk to global financial stability. This scenario involves

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Dollar Remains Steady as Aussie and Kiwi React to China’s Economic Moves

The Australian and New Zealand dollars struggled near multi-week lows on Tuesday after China’s unexpected move to cut several key interest rates. Meanwhile, the U.S. dollar remained relatively unchanged as it awaited new economic data and central bank meetings. On Monday, China surprised global markets by cutting major short and long-term interest rates, marking its

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