In this episode of Fine Answers, hosts Ben Kemp and Jay Burke dissect the latest budget update and tax changes, offering valuable insights into how these developments impact individuals, small businesses, and retirees. From the introduction of a new paid superannuation scheme for parental leave payments to tax adjustments effective from July 2024, Ben and Jay break down the complexities of the financial landscape with clarity and expertise.
Listeners are treated to a comprehensive overview of the budget updates, including changes to Centrelink payments and policies, tax bracket adjustments, and the implications for pensioners and carers. Ben and Jay also delve into tax planning strategies for individuals and small businesses, emphasizing the importance of consulting with an accountant to optimize tax efficiency.
From managing student debt to navigating tax implications, Ben and Jay provide practical advice and actionable strategies to help listeners navigate economic uncertainty and make informed financial decisions. Whether you're a parent planning for parental leave or a small business owner seeking tax-saving opportunities, this episode equips you with the knowledge to navigate the evolving financial landscape with confidence.
Join Ben and Jay on Fine Answers as they unravel the intricacies of tax planning, budget updates, and financial management, empowering listeners to make the most of their financial resources and achieve their long-term goals. Tune in for expert insights and practical advice that demystifies the world of finance and helps you thrive in today's dynamic economy.
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If you are seeking personal financial advice specific to your circumstances you can contact the team at Burke Britton Financial Partners on 0352217700, admin@bbfp.com.au, visit our website at www.bbfp.com.au or book a 15min call to see how we can help you via https://app.acuityscheduling.com/schedule.php?owner=18922676
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Any advice contained in this podcast is of general nature only and does not constitute personal financial product advice. In preparing this podcast, no account was taken as to the objectives, financial situation or needs of any particular person. Therefore, before making any decision, listeners should consider the appropriateness of the advice with regard to their particular objectives, financial situation and needs.