PWS News: April 2021

PWS News: April 2021

April is here, beginning with a welcome Easter break. As the vaccine rollout continues, restrictions ease, and life is a little closer to normal despite occasional setbacks. There was a raft of positive economic news in March, which should make the Federal Treasurer’s...
A broad range of Calculators – Tools

A broad range of Calculators – Tools

  These calculators, along with videos that explain accounting ideas, latest news articles, an easy to use file transfer system, and a portfolio management portal make our website a great place to keep up-to-date and obtain help on many of your financial questions. *...
5 strategies for successful ‘work from home’ policies

5 strategies for successful ‘work from home’ policies

  As Australian businesses implement work from home arrangements as part of their business contingency plans, managers need to consider how to accommodate telecommuting arrangements without sacrificing productivity and team dynamics, says one recruitment firm.        ...
Understanding the coming super balance cap changes

Understanding the coming super balance cap changes

  The transfer balance cap is a limit on how much super can be transferred into pension accounts earning tax-free income. On 1 July, this cap will be increased. What might this mean for your retirement income stream?           A major change to the superannuation...
A new crypto world is emerging – the non-fungible token

A new crypto world is emerging – the non-fungible token

  What exactly are non-fungible tokens and why are they taking the internet by storm? Here’s a closer look at NFTs and how they work.            What are NFTs Just when you thought the hype around bitcoin was starting to level off, a new player appears to have entered...
ATO releases updated guidance on LRBA and Division 7A interaction

ATO releases updated guidance on LRBA and Division 7A interaction

  The ATO has updated its guidance on navigating COVID-19 LRBA relief complexities in consideration of Division 7A rules and the processes in the application of NALI.           The ATO has released new guidance on the COVID-19 limited recourse borrowing arrangements...
Retirees aren’t sitting on their super: ASFA

Retirees aren’t sitting on their super: ASFA

  Despite some reports, the vast majority of Australians exhaust their superannuation in retirement according to data that flies in the face of the Retirement Income Review (RIR).             The vast majority of Australians exhaust their superannuation in retirement...
COVID crash: one year on

COVID crash: one year on

  It's now been one year since the COVID-19 outbreak sent global markets into freefall. How have investors fared since the 2020 crash and what are the lessons learned?           Hungarian-born illusionist Harry Houdini was famous for his great escapes. So was...
Frydenberg flags super freeze

Frydenberg flags super freeze

  Treasurer Josh Frydenberg has weighed in on the superannuation debate in the clearest sign yet that the government may be considering a freeze to the legislated increase.             In a speech at the National Press Club, Treasurer Josh Frydenberg echoed the...