In the Media
FBT On Electric Vehicles
The Treasury Laws Amendment (Electric Car Discount) Bill 2022, which took effect on December 12, 2022, introduces a fringe benefit tax (FBT) exemption for eligible electric vehicles valued below $84,916.
What is an FBT exemption?
An FBT exemption refers to a provision that allows employers to be exempted from paying fringe benefit...
Teaching kids about saving money
Teaching kids about the value of saving money is an important life lesson that can set them up for financial success in the future. Here are a few tips for helping kids learn how to save money:
- Start early: It's never too early to start teaching kids about the importance of...
The Massive Tax Perks Under The EV Discount Bill
Electric cars are the future, and if the premium features and cutting-edge technology don’t do enough to convince you, then it’s time to take a look at these massive tax perks you can enjoy under the EV Discount Bill.
The EV Discount Bill initially proposed in July 2022, is currently passing...
What is the metaverse?
Recently, Facebook announced its move to invest more in the metaverse. Facebook also rebranded its name to Meta in line with its plan to move from a social media company to a metaverse one.
While the concept of the metaverse is nothing new, interest in it spiked dramatically as digital ownership...
The Blockchain Technology and Its Relationship With Cryptocurrencies
Blockchain technology consists of complex processes to ensure the safety and authenticity of the entire system. While it can be complicated, its core concept can be defined to make it easier for you to understand what it is all about and how it makes cryptocurrencies reliable.
The Blockchain Technology
The blockchain is...
The Value Of Cryptocurrency and Its Commercial Uses
Cryptocurrencies continue to increase in value and popularity today due to a variety of reasons. These factors drive the prices of these digital assets, creating volatility and opportunity for everyone to take advantage of.
But what specifically are these factors that make cryptocurrencies valuable? How are digital currencies used commercially in...
What Is DeFi?
Centralized finance is what you see every day when you conduct bank transactions. From getting loans and paying mortgages to trading stocks and buying bonds, all these activities are regulated and monitored by centralized financial institutions.
This existing system is being challenged by a new technology called DeFi. Its goal is...
The 10 Biggest Cryptocurrencies Today
Interested in investing in cryptocurrencies? Look at the list below to see which of them are the biggest in terms of market capitalization:
1) Bitcoin
Market capitalization: US$ 1 trillion As the first cryptocurrency that’s been created, Bitcoin remains the king of digital currencies. With a market capitalization that surpasses even those of...Is Novated Lease A Good Vehicle Financing Option?
One common option for financing a car is through a vehicle or personal loan. But a more viable option to buy a vehicle is through a novated lease.
What is a Novated Lease?
A novated lease is a vehicle finance benefit provided by an employer, wherein they lease the vehicle on your...
Government Guarantee on Bank Deposits
Before 2012, under the Financial Claims Scheme (FCS), deposits in Authorised Deposit-taking Institutions (ADIs) such as banks, buildings societies, and credit unions were guaranteed by the government up to an amount of $1 million. Under the revised Scheme, the updated permanent cap was reduced to $250,000.
The Australian government guarantees bank...