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Here, our financial experts take a close look at what’s happening in the world of finance.

We uncomplicate breaking announcements from the Reserve Bank of Australia (RBA), the Australian Taxation Office (ATO), the Australian Securities and Investments Commission (ASIC) and the Federal and State Governments so you can understand how those changes will impact you, your family or your business.

If you’re wanting to stay up-to-date on topics such as interest rates, tax planning, superannuation, the Federal Budget, incentives and schemes, HELP debt, deductions, concessions, depreciation, investment properties and much more, this is where you’ll find the answers.

Knight is with you every step of the way as you strive for financial success. If you’d like some additional information regarding any financial news, please reach out for a consultation to plan your next step.

ATO’s New Data-Matching Program: What Directors Need to Know

The Australian Taxation Office (ATO) recently announced a new data-matching program that will have significant implications for company directors across Australia. This initiative, detailed in a Gazette Notice dated 26 August 2024, involves the ATO acquiring officeholder data from key regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the Office of the Registrar of Indigenous Corporations (ORIC), the Australian Charities and Not-for-profits Commission (ACNC), and the Australian Business Registry Service (ABRS). What Does This Mean for Company Directors?

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Financial Planning for De Facto Relationships: 5 Key Considerations

For couples in de facto relationships, it’s essential to consider the unique financial implications that come with your relationship. At Knight, we understand the importance of planning for a secure future together, no matter the type of relationship you are in. Let’s explore five key considerations to keep in mind when navigating financial planning for de facto relationships.   Understanding De Facto Relationships A de facto relationship is defined as a couple living together on a genuine domestic basis but

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The Role of Trusts in Intergenerational Wealth Transfer

As you journey through life, building and safeguarding wealth for your loved ones is a primary concern. Trusts have long been recognised as powerful vehicles for preserving family wealth and investments across generations. At Knight, we understand the importance of planning your legacy to ensure your family’s financial stability and prosperity. Let’s explore the role of trusts in intergenerational wealth transfer and how they can benefit you and your loved ones. Understanding intergenerational wealth transfer Intergenerational wealth transfer refers to

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Securing Your Superannuation in Divorce Financial Settlements

Divorce can be an emotionally challenging and complex process, especially when it comes to dividing assets, such as superannuation. As you navigate this difficult time, understanding how to protect your superannuation in divorce financial settlements is crucial for securing your financial future. This article will discuss strategies and considerations to ensure your superannuation is safeguarded throughout your divorce proceedings.   The importance of superannuation in divorce financial settlements Superannuation often represents a significant portion of a couple’s assets, making it

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Heather Moore | Keep cash close… and your tax and financial advisers closer

Heather Moore for The West Australian Keep cash close… and your tax and financial advisers closer It’s tax time, and that means we’re all looking to make the most of anything we can claim and get our finances in order for the new financial year. It’s also the time of year that’s most popular to reach out to a financial adviser to get all your money ducks in a row. But how do you encourage your tax adviser and your

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Knight’s accounting unit joins the Bentleys Network

Starting July 1, 2024, Knight’s accounting unit will join the Bentleys Network – a collective of like-minded professional services firms. What does this mean for clients? In making this move, Knight’s priority has been to ensure any changes for Knight clients are positive ones. Here’s how that breaks down: You’ll be dealing with the same team you trust – now with access to dozens of accounting firms and hundreds of experts across the world You’ll experience even better outcomes –

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Tax planning for businesses this financial year end

As the end of the financial year approaches, it’s crucial for business owners to review activities from 2024 that will affect compliance and tax obligations. Additionally, it’s time to begin planning for the upcoming financial year, starting on July 1, 2024. One of the most critical tasks for trustees of discretionary trusts is to strategically distribute trust income and capital for 2024 to eligible and appropriate beneficiaries. Business owners should consider taking the following actions, which could reduce your 2024

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Tax planning for individuals this financial year end

With the end of financial year almost here, it’s time to take stock of activities during 2024 that will impact on compliance and tax for the year and also look ahead to planning for next financial year commencing 1 July 2024. Of key importance is the requirement for trustees of discretionary trusts to consider how best to distribute trust income and capital for the 2024 year to eligible and appropriate beneficiaries. You should consider taking the following actions, which could

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Heather moore superannuation for first home buyers on channel 9

Heather Moore – Superannuation for First Home Buyers on Channel 9

Could dipping into your superannuation help you get into the housing market? The coalition certainly thinks so, in a newly reconfirmed policy designed to soften the housing market for first-home buyers.    So, what is the policy?  Up to 40% of your deposit balance could be withdrawn from superannuation funds for first-home buyers This 40% withdrawal is capped at $50,000   Heather Moore breaks down the pros Anyone who has been struggling to break out of the “rental cycle” can

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