Tax Store Dandenong in Melbourne, Victoria, Australia | Accountant

Tax Store Dandenong

Locality: Melbourne, Victoria, Australia

Phone: +61 401 163 237

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• Financial service

23.01.2022 10,000 MORE SPOTS FOR CHEAP FIRST-TIME HOME LOANS As of this month, the Federal Government has opened up 10,000 more spots for first home buyers looking to crack the Australian property market with a minimal deposit. Known as the First Home Buyer Deposit Scheme, the benefit allows first-time buyers to put down just 5 per cent deposit for a property with the government acting as guarantor for the remaining 15 per cent. Buyers still have to pay the remaining 15 per cent, as the...y are technically borrowing 95 percent of the property's valuation from a lender. As of January 1 this year, 10,000 applications for couples and singles alike were made available, with a second 10,000 made available today for the 20/21 financial year. See more

23.01.2022 'OPEN BANKING' BEGINS, MAKING IT EASIER TO SWITCH' It might sound fairly insignificant, but this month one of the biggest financial overhauls of our time has taken effect, known as "open banking". Under the new regulations, Australians can instruct their bank to share data from their credit and debit cards, and savings and transaction accounts. It sounds like a privacy nightmare but in reality, it will make it far easier for customers to cross-shop financial products and ge...t the best deal. For example, you could theoretically direct your bank to share your transaction details with an open-source budgeting app to help you save. Previously, you'd have to rely on whatever product your bank could offer in-house. For more personalised information you can contact us through: phone, email or Facebook messenger. -0401163237 [email protected] https://taxstoredandenong.com

23.01.2022 MORE SUPER AVAILABLE FOR THOSE WHO NEED IT To cover those hit financially by the COVID-19 pandemic, the Federal Government allowed some people to access $10,000 of their super in the 19/20 FY and another $10,000 in the 20/21 FY. From tomorrow, those who already took out $10,000 and have another $10,000 in their account may be eligible for a second dip. "By withdrawing $10,000 now, you will be taking a far greater amount away from your future self," ... "It is wise to consider all available options for financial assistance before jumping straight into your super." Also from tomorrow, the age limit for spousal contributions will be raised from 69 to 74.

14.01.2022 A few things to note down this week! # The JobKeeper wage subsidy will continue until March next year. # JobKeeper will fall from $1,500 a fortnight to $1,200 a fortnight in September and fall again in 2021... # The JobSeeker payment will fall from $1,100 to $800 a fortnight in September # People working fewer than 20 hours a week will receive $750 in September and $650 in 2021 # Businesses will have to prove they're still in financial distress each quarter, down at least 30 per cent on pre-pandemic levels, to remain eligible for the program after September. If you have any questions you can give me a call or send me a message thanks.

13.01.2022 MINIMUM WAGE IS BOOSTED From this month, the new minimum wage will be $753.80 a week or $19.84 an hour, up $13 from $740.80 a week ($19.49 an hour).