Why are insurance premiums on the rise?

Just like you, I have been shocked at the cost of insurance premiums this year. This article might help you decipher the myth of why they keep going up. Premiums for car, home and home contents insurance have been on the rise — and for many households, they’re contributing to cost of living stress. If…

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ATO’S $13,200 FINE FACING COMPANY DIRECTORS

The deadline to have a Director ID is 30th November 2022. Please apply for it URGENTLY to avoid the hefty penalties. It is free to apply and obtain a Director ID. The quickest way to lodge an application is online using the myGovID app. See and follow the link: https://www.abrs.gov.au/director-identification-number/apply-director-identification-number Remember that the website tend…

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Why Am I Paying Medicare Levy Excess

We recently got asked this question by a client who wanted to understand Private Health Insurance (PHI) and the Medicare Levy. Let us take it back to basics. Medicare levy Most Australians pay the Medicare levy of 2% of their taxable income as part of their tax to help fund some of Australia’s public health…

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