New investors can be bombarded with so much paper work, unfamiliar property and finance language that all gets a bit too much and can cause confusion. Here is an easy guide to help you through the process. [Read more…]
A high percentage of Australia’s population have life insurance but do they have enough or is it the right amount?Is this contributing to the under insurance concerns that our nation is experiencing?
Sure people can insure themselves without seeing a professional adviser but are they just jumping on the ship just to say they have personal insurance without digging deeper to ascertain whether the levels of cover will meet their circumstances and objectives and whether the policy is the correct one for them? [Read more…]
No sooner has the Australian Stock Market punched through the 5,000 point mark that the doomsayers appear. Over the past 4 years the share market has struggled, up then down then stagnant. This has caused businesses to restructure and revisit the way they do business. In other words increase profitability whilst not reducing productivity. A good example of this is the Commonwealth Bank CBA, they have come under fire for staff cut backs and outsourcing, yet they consistently make good profits. Profits that our investors are reaping the benefit of. [Read more…]
In the recent Myer Emporium case, the judgement emphasizes that where a transaction has a “commercial” aspect, it will be treated as having the intention or purpose of making a relevant profit, even if it is a “one-off” transaction.
This is a huge decision as property developments have become very popular in recent years, especially with the explosion of TV shows promoting this type of venture. The reason the decision in this case is so important is because if the development is deemed to be a commercial undertaking, there are multiple tax-related consequences and calculations to be done. [Read more…]
Borrowing within super has become an increasingly popular strategy in recent times to help boost people’s retirement savings.
When borrowing in your Self Managed Super Fund you need to organise a Limited Recourse Borrowing Arrangement (LRBA). The Australian Taxation Office (ATO) released a ruling in May 2012 to outline how they intend to apply certain Limited Recourse Borrowing Arrangement provisions contained in the Superannuation Industry. To know what your limitations are in regards to LRBA it is advised to seek the advice of an SMSF Specialist such as Future Accountants and Advisers. [Read more…]
Over the past few years businesses have felt the pressure to create a dynamic presence on every social media platform available.Now with a new social media platform being created every month businesses are becoming more confident and savy about which they choose to integrate into their strategy and only pick the platforms that make the most sense for their business. [Read more…]
The Australian Taxation Office (ATO) is the latest organisation to express concern over trustees of self-managed superannuation funds (SMSFs) investing in property.
The government body has warned SMSF trustees to be cautious when making property investments, acknowledging that it can be a confusing sector for people who don’t understand their obligations under the law. [Read more…]
1. An Overview of your Business
You might know your business inside out. But you need to write it down. When you force yourself to write down your business profile, you’ll help yourself communicate better when explaining your business to another person. [Read more…]
Over one-third of new homes built in Australia are now apartments. Units are a much more affordable option than houses and can prove to be a better investment, here is why… Units cost less than houses but can still demand the same rent value in the same areas, meaning they provide higher returns for investors.
Units generally have more plant and equipment than houses and usually yield higher depreciation reductions, which mean bigger tax deductions for investors and owners. [Read more…]