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…
Ensuring your family’s financial security involves both immediate protections, like insurance and emergency funds, and long-term planning, like savings for education and estate planning. Here’s a breakdown of the key areas you might consider: General Insurance: Ensure you have adequate…
In light of the rising cost of living in Australia and ongoing global economic challenges, here are ten actionable financial tips to help you manage your finances more effectively in 2024: 1. Know Your Mindset and Goals Setting clear financial…
Changing rules around tax and superannuation are making quality financial advice more valuable than ever. Due to the shortage of professional planners, advisers are having to do much more work, costing them more money, amid a heavy compliance load following…
There are steps involved if you change your business structure. For example, when you: Change the composition of your business partnership because your previous partner has retired or passed away or a new partner is admitted. Change your entity type…
Maximize Your Financial Potential with Strategic Tax Planning At Roy A McDonald Pty Ltd Accountants, we recognise that effective tax planning is essential for both individuals and businesses seeking to optimize their financial health. Our dedicated team of experienced professionals…
People often turn to a financial planner to help simplify their finances and set achievable financial goals, providing greater confidence to plan for their future. A financial planner will be able to help you with areas such as: Budgeting Cash…
There is no doubt the cost of living has increased to a point whereby most of us need to be aware of our finances. Simply logging on to your banking app and knowing the approximate value of any investments has…
What would you like to accomplish in the new year 2017? For some people, their dream of owning their own home, getting out of debt or travelling abroad, hasn’t even begun.