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.
Federal Budget 2025/26 – What Does it Mean for Individuals and Families?
Federal Budget 2025/26 – What Does it Mean for Individuals and Families? The FY26 Budget aims to provide modest financial relief while keeping inflation in check. While tax cuts and energy rebates offer some reprieve, major structural changes remain limited, with a strong focus on economic stability and cost-of-living assistance. Some high level points to note are: Tax Cuts & Income Relief From 1 July 2026, the 16% tax rate (for incomes between $18,201 and $45,000) will drop to 15%, and
Bendel – Landmark Case for Family Trusts and Companies
On 19 February 2025, the Full Federal Court dismissed the appeal by the ATO in Commissioner of Taxation v Bendel, ruling in favour of the taxpayer. In its ruling, the Court affirmed that unpaid present entitlements (UPEs) owed by a trust to a company, arising from a distribution by that trust, should not be treated as loans under tax law (Division 7A). This Court decision is contrary to the ATO’s long-standing view, which it initially published in two key documents
The Financial Benefits of Collaborative Divorce
Collaborative divorce offers a constructive alternative for couples looking to separate amicably and safeguard their financial future. This approach focuses on cooperation and mutual agreement, with financial benefits that extend well beyond the separation process. By choosing a collaborative divorce, you can retain greater control over your financial outcomes while avoiding some of the costly pitfalls of traditional court proceedings. Knight’s team is here to guide you through these complex decisions, helping you secure a sustainable financial future every 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?
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
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
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 a
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
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 –