Top 5 Mistakes Business Owners Make When Applying for a Loan
Organising a loan for your business can be an important step in fuelling growth or covering unexpected expenses, but many business owners fall into the same traps during the loan application process.
Supercharge your Super before the clock strikes EOFY!
EOFY can have a tendency of creeping up on you… The calendar ticks over to 1 June, suddenly, your inbox is bombarded with EOFY sales, and you’re left thinking ‘Where has this year gone, it feels like Christmas was only yesterday!’.
Then you remember the superannuation tasks you’ve been putting off. If this sounds familiar, then keep reading for our top ten tips to making the most of your superannuation before EOFY.
The importance of keeping an updated motor vehicle logbook
As a small business owner, you are able to claim a tax deduction for motor vehicle expenses associated with running your business come tax time.
How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. Let’s take a look at how you can take advantage of the change.
Stage 3 tax cuts; what do they mean and how will they affect you?
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government.
5 tips for starting your own successful business
Want to be your own boss but not sure where to start?
Some people’s dream is to nurture a business idea through to success. Calling the shots, working their preferred hours and achieving financial independence fires their dream.
A closer look at borrowing within your SMSF
Last month we looked at how to borrow and invest in property through your SMSF.Is it possible? Is It worthwhile? What are the challenges…and the benefits? This month we’ll be digging a little deeper and working through some calculations to help you understand how it could work to help build your retirement nest egg.
Is it a good idea to borrow within your SMSF?
Ask anyone over the age of fifty what their best ever investment was, and inevitably they will answer, buying their own home. Their biggest regret? Not buying the house next door at the same time.
So where better to invest your precious retirement savings than in property?
Employee or contractor? There is a difference
I can understand during difficult economic times that business owners search for ways to reduce their costs and outgoings, but when those decisions affect others detrimentally, that’s when I get cranky.
Recently I had a phone call from a client who had been retrenched six months ago. Although this man is very skilled and talented, he has been struggling to find full-time work in his chosen profession.
Don’t let tax creep up on you
Australia has a progressive income tax system. This simply means that higher income earners pay a greater proportion of their income in tax than low-income earners. It is achieved by applying a different rate of tax to each income band or “bracket”.