A recent Consumer Reports survey in the US indicates that EVs have more problems than ICE (Internal Combustion Engine) cars, despite their simpler drivetrains. The study surveyed 330,000+ car owners and identified 12 potential EV problem areas. The study considered severity of problems, track testing, safety data, and owner satisfaction. The results are surprising!

There’s a free tax app available via the ATO, to stay on top of all things income - expenses, tax and super. Feedback from clients is that they love it as it’s an easy way of keeping track of expenses.

You can use the app to log into the tax portal and have all of the relevant tax and super information, and tools all in the one place. Means that you get to free up your thinking space to doing good with your money and savings, and you spend less time hassling through the detail at tax time, and throughout the year as well.

How long does it take to double your money?

Ever wondered how long it would take for your money to double with a 7% return on investment? Initially, it mightn’t look too impressive, but actually your money could double over about 10 years.

The Australian Prudential Regulation Authority (APRA) just released the 2023 results for its annual performance test for superannuation products. Not all the results came out positive.

Here are the key findings and recommendations from the Mobilisation report by Net Zero Australia, about how Australia can achieve its net zero emissions goals and transition to a sustainable future. What’s remarkable, is that we can get there by 2050 using the existing technology!

In this blog post, we will dive into the performance of super funds to understand their true standing. We will analyze the top-performing funds over the financial year ending June 2023 and compare them to the top funds over a 10-year period.

Additionally, we will explore the rise of mega super funds and their future performance. We will also discuss the significance of asset class performance, considerations when evaluating super funds, and the valuation of unlisted assets.

Yes, it’s that time of year again!

We know you’d much rather be doing ANYTHING else than your tax return but we feel obliged to pass on useful information to you for when you do sit down to tackle your FY23 tax return.

The Australian Taxation Office (ATO) has identified the top 10 tax myths it says are causing incorrect claims at tax-time.

Seems as though we all have some mis-understanding about the ins and outs of tax return time. Read on to find out if you know a furphy when you see one.

What are we all wanting from EV’s in the first place - most likely, making an ethical and financial choice to swap to a less polluting and affordable car.

• Find out about the current status of electric vehicles (EV’s) in Australia, including what’s known about emissions and also the latest in government policy.

• Learn the differences in life cycle emissions between EVs, plug-in hybrid electric vehicles (PHEVs), and traditional combustion engine vehicles.

• Find out why BEVs are becoming more popular than PHEVs and why it’s so difficult to secure EV supply in Australia.

It’s important to stay informed and make informed choices about your cleaner and more sustainable transport options.

Maximize Your Tax Deductions on Super Contributions

You can reduce your taxable income and boost your retirement savings by contributing to your super - the rules have changes so that

• anyone under 67 years can claim a tax deduction for personal contributions

• you can also make personal contributions up to age 75.
  

  Read on to find out more

The deal struck between the Albanese government, the Greens and the Teals to get the Safeguard Mechanism (SGM) legislation through parliament is a significant step forward on the nation’s decarbonisation pathway.

Due to come into effect from 1 July 2023, the partnership enhances the ambition, public accountability, integrity and impact of the mechanism legislation initially proposed by the government, and while still far from perfect, it is a major advance on the current state of play.

Here’s a summary of the highlights from the May 2023 Federal budget, focussing on proposals which we thought would be of particular interest ie the macro, personal and especially green energy and tackling climate change

While some of these proposals were announced pre-budget, at this stage it’s difficult to understand and predict how these projects will play out.

However it’s important to understand that the policy of government is aiming to reduce global warming and stand by our Paris 1.5 commitments.