As the name suggests, income protection is the best way to protect your current income if you are unable to work due to illness or injury. This type of policy pays up to 75% of your gross annual income, in monthly payments, to cover your living expenses. Income protection has waiting and benefit periods. Why […]
Trauma insurance provides a lump sum benefit or equivalent instalments if you’re diagnosed with a specific illness or injury covered by the policy (such as cancer, stroke, heart disease, blindness, severe burns, loss of speech or deafness). The benefit amount, chosen by you, can be used to reduce debts, pay for medical expenses and maintain […]
Life cover is also known as term life insurance or death cover. Life cover provides peace of mind by paying a specified amount to your beneficiaries, ensuring that they are looked after in the event of your death. A lump sum or equivalent instalments can be paid to the policy owner, nominated beneficiaries or to […]
To make sure that they are properly prepared for their tax returns in the lead up to the end of the financial year, the ATO have recently released a publication for rental property owners called Rental properties – claiming travel expense deductions. In this report, rental property owners can find information on what they can […]
The Tax Office has been very interested in the way business owners and operators distinguish between their cash and the cash inside a business. Trusts are the latest in a long line of rules and regulations introduced over the last few years to pin down the flow of cash between different entity types and business […]
Australia survived the global economic crises relatively unscathed but be wary, it might not be over yet as our economy is still susceptible to international conditions. We’re predicted to grow at a comparably healthy 3.25% but that assumes that conditions remain reasonably consistent. Not all that long ago a change in economic conditions in smaller […]
With a new financial year just under way you have the opportunity to financially map your business. If you get this financial mapping right, you reduce your risk and remove some of the surprises that can occur along the way. Start by putting together an operating budget for the business. All businesses should have budgets […]
We are pleased to report a very positive response to our seminar on self managed super funds (SMSF). Held at the Twin Towns services club, the seminar was a fantastic opportunity to learn from superannuation expert, Graeme Colley. SMSFs can help you take control of your financial future. They can offer flexibility, taxation advantages, possible […]
We wish to congratulate Sue Fenton on 25 years of employment with our firm. Her dedication to the role of Office Manager is appreciated by all the staff here at Oculus. Congratulations on such an outstanding achievement.
We understand. Having your accountant tell you how to prepare for the end of the financial year is a bit like your dentist telling you to floss every day or that recent advertising campaign extolling the virtues of eating an apple a day. We know we should but…So, we’re making it easy for you with […]
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