Wealthmed Australia

New Tax Incentives and Other Assistance

by Wealthmed Australia
March 24, 2020May 4, 2020

The government is temporarily expanding eligibly to income support payments and establishing a time-limited Corona-virus supplement to be paid at a rate of $550/fortnight. Paid to both existing and new recipients of the JobSeeker Payment, Youth Allowance jobseeker, Parenting Payment, Farm Household Allowance and Special Benefit. It will be paid for the next 6 months. The instant asset write off has increased from $30,000 to $150,000 for businesses with aggregated… Read More »New Tax Incentives and Other Assistance

Cash Support for Small Business (employers)

by Wealthmed Australia
March 24, 2020May 4, 2020

The measures in this package are designed to assist Australian businesses and economic growth in the short term, and encourage a stronger economic recovery following the Corona-virus outbreak. The government will establish the Corona-virus SME Guarantee Scheme, which will support small and medium enterprises (SME’s) to get access to working capital to help them get through the impacts of the virus. The government will guarantee 50% of new loans issued.… Read More »Cash Support for Small Business (employers)

COVID-19 and your insurance cover

by Wealthmed Australia
March 18, 2020

You might be wondering what insurance cover you have if you contract COVID-19 It’s a tricky time for everyone and we really appreciate the wonderful dedicated people who put themselves on the line to care for others. We have had some questions and thought we should send you this brief summary to help you understand where you stand. Your insurance policies will cover you if you contract COVID-19 for; Death… Read More »COVID-19 and your insurance cover

COVID-19 and the global market volatility

by Wealthmed Australia
March 17, 2020

This is a significant opportunity as value has returned to the market Massimo Guiati Global CEO of Azimut International It is becoming increasingly apparent that the Corona-virus is far more serious than previous incidents of viral outbreaks, such as SARS in 2003 and H1N1 (swine flu) in 2009. Italy has effectively gone into lock-down / self-isolation and the US has just announced a ban on travel from Europe. The impact… Read More »COVID-19 and the global market volatility

Prepare for the unexpected

by Wealthmed Australia
February 5, 2020

A health crisis can occur at any time of life, but the risks obviously increase as we age. Unfortunately, due to this increased risk of illness or injury the cost of insurance for those over 50 can be high. As a result, people in this age group are tempted to drop their insurance cover altogether just when the need is at its greatest. If age 50 is on the horizon,… Read More »Prepare for the unexpected

Four financial resolutions to kick start the new year

by Wealthmed Australia
January 9, 2020

The dawn of a new year sees many people setting new year’s resolutions such as losing some weight or giving up smoking. Similarly, the beginning of a new year is the ideal time for setting financial goals, and here are four practical ways you can kick your year off to a great start. Decide what you want to achieve January is perfect for taking stock of where you’re at financially,… Read More »Four financial resolutions to kick start the new year

Making Christmas a time of joy, not a time of stress

by Wealthmed Australia
December 10, 2019

Christmas….. the time seems to fly from one year to the next! While it’s a joyful time for children and a wonderful time for family to be together, it can also be a difficult time. Organising and preparing meals, gift purchasing Christmas parties and functions can make it a busy time and sometimes it can also be stressful when credit card bills arrive in the new year. We have put… Read More »Making Christmas a time of joy, not a time of stress

Financially planning for life stages

by Wealthmed Australia
November 21, 2019

Most of us have the desire to be in control of our finances, but taking the first step towards getting financial advice can sometimes be hard. Depending on which life stage you are in, your financial goals will differ. Therefore, it is important to be aware of these different life stages when it comes to financial planning. Additionally, having the right financial adviser to guide you through each stage will… Read More »Financially planning for life stages

Kids + Money – never too early to start.

by Wealthmed Australia
October 22, 2019

Teaching your child good money habits and the value of money should start early. Parents can influence how their children view money in different ways. Teaching your children to manage their money allows them to not only create good financial habits, but also helps them to grow into financially savvy adults. You might even learn something about your own money habits along the way. Money is exposed to children almost every day, as they grow older, they will start recognising the currency… Read More »Kids + Money – never too early to start.

The Wealthmed Journey of Locum Sole trading

by Wealthmed Australia
August 15, 2019November 25, 2020

At Wealthmed, we create services that are simple to use while being detailed enough to meet compliance obligations with the ATO. In this blog post, we will discuss three key areas we can assist you if you are planning on locum sole trading. Tax Perspective Becoming a locum sole trader is a big change – you need to manage your own future tax liabilities, as tax is no longer deducted… Read More »The Wealthmed Journey of Locum Sole trading