5 reasons to see a Financial Planner
Planning for your future There are many reasons why you might need to speak to a Financial Planner however, to try and keep it simple for now, here are five key reasons why you need to see a Financial Planner…
Super Guarantee rate rising 1 July
On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. If you…
Tips for Small Business in uncertain times
Reduce your reliance on external debt To reduce your reliance on external finance, businesses should be focused on increasing the productivity of existing assets and employees and improving cash flow. Improving cash flow can free up money to fund necessary…
Dealing with Redundancy
How you spend your time and money after redundancy can make a difference to your future career and well-being. Find out how to plan for your best outcome. When your time at work comes to an end because of redundancy,…
How long will my money last?
The enormous pressure & uncertainty of the global COVID-19 crisis has sparked a financial crisis. Many Australians have had disruption to their income with major industries shutting down. For some, it has also meant job loss. You may be starting…
Business Support Fund Grant Victoria – $5000
Small businesses located within the 36 Melbourne suburbs that will soon re-enter Stage 3 coronavirus restrictions will be eligible for one-off grants of $5000 from the state government, with applications due to open in coming days. On Tuesday, Victorian Premier…
Notice of intent to claim a deduction for superannuation contributions
1. In order to claim a deduction for a personal contribution, a member must give their notice (or variation) by the following dates, whichever occurs first: a. the day they lodge their income tax return for the income year in…
Financial Advice for Those in Retirement
Did you know that while almost half of all retirees agree that hiring a financial advisor could make a huge difference when it comes to planning their retirement, only 24% actually have one? Compared to the 47% in the US…
Facts About Income and Deductions When Renting Out Your Home
If you want to rent out your home, or even a part of it, the rent you charge will be considered as assessable income for your tax return. This means that the money earned will need to be declared just…
The Types of Small Business Benchmarks
The two variants of small business benchmarks that have been developed include: Performance benchmarks – which apply to all different industries across the country. Input benchmarks – which only apply to tradesmen and women undertaking domestic tasks and buying their own resources…