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Incoming tax changes for SMEs in 2020

Small businesses are being urged to keep abreast of some key tax changes coming in 2020, with an accounting body warning they “can have a big impact on the way you run your business”. According to Susan Franks, senior tax advocate at…
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Eleven Financial Fundamentals Every Small Business CEO Must Know

Regardless of the size of the business, the ultimate responsibility for success lies with the CEO. If you're a small business owner, that's you. And the most critical CEO tasks that result in success or failure lie in the knowledge and practice…
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Six things to do now to make tax time 2020 a little less taxing

New decade, new me? We’re more than two weeks into the New Year now and the countdown clock to tax time 2020 has already started ticking. It’s going to be a big year for SMEs in the tax domain, with some changes on the cards heading…

Not ready to retire? This might be another option.

The word “retirement” conjures up many images. While most baby boomers might be dreaming of more time on the golf course or booking a cruise, you might be thinking about buying a business. Crazy? Maybe not. If you’re close to reaching…

Don’t wait until your 60s to see a financial adviser

Ask most 30 year olds who their financial planner is and the typical response might be ‘huh?’ After all, financial advisers are for older people with plenty of money to invest, aren’t they? Well, yes, people nearing or in retirement…
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What you need to know about the First Home Super Saver scheme

The First Home Super Saver (FHSS) scheme was introduced in the Federal Budget 2017-18, with an aim to reduce pressure on housing affordability. The scheme allows eligible taxpayers to save money for their first home inside the superannuation…
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Invest smarter

The golden rules of investing Smart investors don't rely on good luck; they plan, research and understand their investments and how these fit with their financial goals. Work out your financial goals If you're planning to invest, being…
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Superannuation and retirement - How much is enough

How much is enough? How big is your nest egg? When it comes to super, size does count. Your employer's super contributions may not be enough if you want to be financially secure when you retire. Find out approximately how much money…
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CGT concessions: Does your business qualify?

Wondering if you’re eligible to claim the CGT concessions can be settled by answering a few basic questions. In addition to the capital gains tax (CGT) exemptions and rollovers available more widely, there are four additional concessions…