Understanding Novated leases

Understanding Novated leases

What is a novated lease? A novated lease is a form of salary packaging that helps you finance a new or used car, while offering a range of potential benefits and tax savings. A novated lease is also known as ‘salary sacrificing’ a car. With a novated lease, you are...
Open Banking, Borrowers Be Aware

Open Banking, Borrowers Be Aware

Open banking started in mid-2020, requiring major Australian banks to make your data available to you upon request. Despite plenty to gain from open banking, including a lessening of paperwork and greater transparency, there are traps for the unwary, given lenders...
ATO Debt Warning Notices

ATO Debt Warning Notices

In August, the ATO began issuing warning letters to businesses with tax debts of more than $100,000, with a warning that if efforts were not made to manage the debt, the ATO intended to disclose their tax debt information to credit rating agencies. Certain...