Downsizing goes beyond simply moving to a smaller home; it marks a transformative life change that can bring both emotional challenges and a sense of liberation. The team at 3Two Projects, recognise the deeply personal nature of this process and…
Investing in property is a powerful wealth-building strategy, but it comes with its fair share of tax obligations. While the Australian Tax Office (ATO) provides various tax deduction benefits, understanding your tax liabilities and deductions can be challenging. Here’s a…
This year marks a momentous occasion for Roy A McDonald Pty Ltd Accountants & Fiducian Financial Services Doncaster as the business celebrates 60 years of dedicated service to the local community and beyond. Since its founding in 1965, the company…
If you have an Industry Super Fund, chances are you’ve been trusting your money with a fund that promises low fees and reliable returns. Industry Super Funds have been the go-to choice for many Australians, largely due to their strong…
When choosing the right business structure, it’s essential to consider your business goals, tax implications, risk tolerance, and future growth plans. Here's a breakdown of the four common structures in Australia: Sole Trader Ideal For: Individuals starting a small business…
In uncertain economic times, small businesses must make strategic adjustments to stay resilient. Here’s a summary of proactive strategies to navigate challenging periods: Enhance Cash Flow and Reduce Reliance on Debt Collect Receivables Promptly: Regularly follow up on late payments…
As we navigate life’s financial milestones, many of us ask: “Would I be better off with a financial adviser?” The Financial Advice Association Australia (FAAA) recently launched its “Better Off with an Adviser” campaign, highlighting the benefits that sound financial…
The Vacant Residential Land Tax (VRLT) in Victoria, Australia, is expanding from 1 January 2025 to include all vacant residential properties, even in regional areas and those owned by the government or state entities, excluding unimproved or vacant land. Below…
As the Australian government continues to address the mounting challenges in aged care, self-funded retirees will soon face increased financial obligations. A recent article in Herald Sun - (September 13, 2024) titled Stumping Up to Fix Care, highlights how upcoming…
Embarking on a financial journey is a lifelong adventure filled with milestones, challenges, and opportunities. Each stage of life presents unique financial goals, from building a solid foundation in your early years to securing a comfortable retirement. Understanding and setting…