Fictions (and facts) about work expense deductions

There can be varied sources for some of the myths about tax deductions —pub-talk, BBQ-banter, hairdresser-homilies, what-your-taxi-driver-just-heard and many others. We sort out fact from fiction. This year’s tax time saw media reports…

The tax Airbnb hosts must know to avoid a nasty shock

One of the success stories of the sharing economy has been Airbnb, which matches private accommodation to potential renters. But getting involved in letting part of your home through Airbnb can deliver a nasty, and little understood, tax sting. Broadly,…

Cash flow can make or break your business, so take time to safeguard it

According to a recent survey by research firm East & Partners for lender Scottish Pacific, nearly 80 per cent of owners of small and medium enterprises said cash flow issues caused them the most sleepless nights.[1] So what might…

Protecting Your Small Business

Owning and operating a small business is hard work. The last thing you need is to lose it all because of poor insurance choices. Do your homework First you need to work out what needs to be covered. There are the obvious things such as…

Break free from being asset rich and cash poor

Here are four ways to try boost your income. Are you asset rich but cash poor? You’re not alone. Data from the Australian Bureau of Statistics shows that almost one-third of older Australians in low-income households were asset rich but…
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Develop an investment plan

Your game plan'Plan your life, live your plan.' Yes, it's a cliché. But when it comes to investing your money, it makes a lot of sense to have a plan. Putting a plan together involves developing strategies and choosing the right investments.…

BUY NOW - PAY LATER 

What does "Afterpay" really mean for me in the long run? With the Royal Commission and tightening of lending policies, we are going to see a very different lending landscape in Australia.  Unfortunately a lot of people including our…

Estate planning for your future

It’s not uncommon for business owners to take short, irregular holidays because they don’t have the support to keep their business running without them for a longer break. Aside from taking time off for leisure, have you considered what…

5 things small business owners should know about 'buy now, pay later' services.

Small businesses around Australia are offering ‘buy now, pay later’ options at checkout, making purchases seem more affordable. If you’re considering joining the growing trend, there are some things you might want to consider. What…

CHEER TODAY, DEBT TOMORROW 

The traditional Christmas carol starts‘Twas the night before Christmas, when all through the houseNot a creature was stirring, not even a mouse,The stockings were hung by the chimney with care,In hopes that St Nicholas soon would be there.'Nowadays…