how to structure your investment holdings 12 January 2022

how to structure your investment holdings — by bongiorno group

Ownership structure It’s always a good idea to build your wealth. Perhaps you’ve already purchased an investment property or bought shares. Or maybe you only recently started thinking about building an investment portfolio. As a doctor, you are considered to be in an occupation that is generally considered to be high risk. Therefore, an important […]

super changes you should know about 26 May 2021

super changes you should know about — by bongiorno group

There are some important changes coming to superannuation and they could have a major impact on your personal finances. 1. Rising contribution rates As of 1 July 2021, the employer super contribution rate will increase from 9.5% to 10%. The rate will rise again by 0.5% each year until it reaches a 12% contribution rate […]

federal budget 2021 summary 17 May 2021

federal budget 2021 summary — by bongiorno group

What the 2021 federal Budget means for you After one of the most challenging years in living history, the 2021–22 federal Budget has been designed to boost Australia’s economic recovery. On a more personal level, the Budget announced by Treasurer Josh Frydenberg on 11 May includes provisions that will have a major impact on your […]

australian tax implications of an overseas fellowship 28 January 2021

australian tax implications of an overseas fellowship — by bongiorno group

If you’re doing an overseas Fellowship in the future, there are some important tax implications to consider. The best time to do this is before you leave. One of the essential things you’ll need is up-to-date information on what the Australian Tax Office (ATO) requires you to declare on your Australian tax return. To be […]

federal budget 2020 summary 18 October 2020

federal budget 2020 summary — by bongiorno group

The Treasurer said: “The budget is all about jobs” so there are big benefits for small to medium businesses particularly the health sector. With your return to consulting and surgery back to a more normal routine, the incremental backlog of work and ever-growing waiting lists will keep you extraordinarily busy and this will translate into […]

JobKeeper 2.0 payment extension explained 28 September 2020

JobKeeper 2.0 payment extension explained — by bongiorno group

The JobKeeper coronavirus wage subsidy is changing effective 28 of September 2020. As the pandemic has continued to wreak havoc on the economy, the government has extended JobKeeper through to March 2021, but with different rights and eligibility requirements. Here’s what’s changing from today. tier 1 This new JobKeeper will be $1,200 each fortnight if […]

fixing your home loan 17 June 2020

fixing your home loan — by bongiorno group

Fixing the interest rate on your loan (or on a portion of your loan) can offer benefits including: Providing you with certainty on repayments & cash flow and; Protecting you from any sharp interest rate rises over the fixed period However, when fixing your loan, you should be aware of the following restrictions: a. inability […]

covid work stats 10 June 2020

covid work stats — by bongiorno group

supporting our clients and team members 2594 peace of mind calls taken Pro bono 39 communication pieces sent we are on call outside our normal operating hours 470 clients attended 3 webinars stepping clients through JobKeeper, workplace law & investing during COVID-19 in-depth analysis of government stimulus packages 1,2 & 3 sent to all clients […]

3rd stimulus package 1 April 1 April 2020

3rd stimulus package 1 April — by bongiorno group

stimulus package 3 – jobkeeper payment explained The following relates to the third stimulus package announced by the Federal Government on 30th March and relates directly to the JobKeeper payment Last week, the Federal Government enacted a range of economic measures totalling $189 billion to support Australians during the Covid-19 crisis. On the 30th March, […]

2nd stimulus package 25 March 25 March 2020

2nd stimulus package 25 March — by bongiorno group

enhanced stimulus – cash flow assistance for businesses as at 25th March, 2020 The following relates to the second stimulus package announced by the Federal Government on 24th March, please disregard the 1st package as this is now superseded with the below. The Government is now providing up to $100,000 to eligible small and medium […]

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