Although many people have heard of Bitcoin, few know what it is. Bitcoin is a form of digital currency that is also referred to as cryptocurrency. It works on a decentralized peer-to-peer (P2P) networked program that is installed on your…
You may think that you are immune to cyber crime or instances of ransomware because there are other, bigger companies for hackers to target. However, this is not the case anymore. In fact, no business that has any form of…
When something unexpected happens to a person, it will not only have an effect on people’s lives in general; it can also cause total chaos for businesses. However, most company owners don’t even stop to consider how the loss of…
It’s essential that you avoid making these common tax-related errors. #1 – Ensure your Property is Genuinely Available to Rent Your property has to be genuinely available as a rental unit in order for you to claim all the related…
When investing in property, it is not only essential to choose the right property; you will also need to be aware that you will have certain tax implications and entitlements. Below are a few tips to help ensure that you…
A lot of Australians forget that their super is their asset and can be used in retirement, however we get our super statements and put them in a shoe box or file them away because we can’t access the money…
The one thing you should avoid before spending all the proceeds from a deceased estate. The time after a loved one passes away can be challenging and emotional. At Roy A. McDonald, we want to help you avoid further stress…
If you currently have a passion which you think you may be able to earn income from, it is important to know how to transfer your hobby into a successful business. Step One Definitely speak to your business…
Do you need to pay off your ATO debt? Did you know the interest related to the borrowings may be tax deductable. We had a recent influx of new clients who own businesses that owe the ATO a number of…
According to the Financial Services Council, Australians are confronted with an astounding shortfall in the amount of superannuation required, to the tune of approximately a trillion dollars. This includes an alarming average gap of nearly $500,000 for people aged between 40 and…