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February 2023 - Garnet Business Services
Work from home expenses: new rate

Work from home expenses: new rate

A new revised fixed rate of 67c per hour for calculating working from home expenses will apply from 1 July 2022 onwards. Find out how it affects you here. From the 2022-23 income year, taxpayers can no longer rely on the 80c per hour shortcut method with the...
APRA focus areas 2023

APRA focus areas 2023

APRA has announced its policy and supervision priorities for the coming year with a heavy focus on superannuation. APRA (Australian Prudential Regulation Authority) has recently released its policy and supervision priorities for 2023. For the superannuation space,...
No Spend Challenge – Feb 2023 Week 1 Update

No Spend Challenge – Feb 2023 Week 1 Update

It’s been 1 week of no spending this month so wanted to give an update in order to encourage some of you to also consider doing challenging yourself. In some ways, it’s easier than last year and in others, it’s a bit harder. Here’s one big thing that I carried on from...
Update to the Financial Advisers Register

Update to the Financial Advisers Register

In another boon for consumers, ASIC’s Financial Advisers Register will soon feature information on whether a financial adviser can provide tax (financial) advice. Consumers could soon find out whether their financial adviser can provide tax (financial) advice through...