Using your super for an investment property can be a great strategy to increase your net worth over the long term. Therefore, it must be made with great care and planning. Moreover, there are currently only a few reasons that allow you to use super to purchase an investment property. Here are some major considerations
It isn’t easy to put a price tag on a company, whether you’re trying to sell your business or buy one. There are tons of business valuation considerations to look at that may affect a company’s value, down from its performance in the market up to its overall size. However, it isn’t to say that
Most business owners confuse accountant and bookkeepers, but while the two are related, they have different functions and responsibilities. Their differences are really not that evident. Rather, they’re subtle yet essential, especially when it comes to working in a company. In this article, we will discuss their differences and roles. You need to know this
Once you’re aware of the current financial performance of your company, you’re able to manage your results with ease. With that being said, envisioning and creating financial goals for your company can help you reach business objectives in no time, but of course, you need to ensure you practise proper financial forecasting. Business financial forecasting is
Are you running a small business? If so, you may be wondering if you can handle taxes all by yourself or if there are already enough reasons to hire accountants to assist you with taxes. With the new myTax system provided by the government, DIY taxes is seemingly something that you should be partaking in.
A self-managed superannuation fund (SMSF) is a trust created and managed following superannuation legislation. An SMSF trustee controls and makes decisions for the fund to ensure it complies with superannuation rules. When you build an SMSF, you will decide whether to have an individual or a corporate trustee. The trustee structure you choose has several
Amidst the Omicron COVID-19 wave and with our government shortening booster dose intervals, many businesses are encouraging their employees and customers to either get vaccinated or get their booster dose by offering rewards or incentives. It is important to consider that there may be some tax implications such as consequences involved. If your business provides
Tax season may be a particularly stressful time for everyone, especially business owners. It makes sense to want to pay as little in taxes as possible, to retain as much money in your pocket as you can. One way to do this is by minimising your income for tax returns. While this may seem like
As a business owner, you’re aware that you may need to wear many hats to help your business succeed. However, some tasks are best left to the professionals, don’t you think? Such as all the accounting needs of your startup. This is because, unlike established businesses, the needs of a startup company will be entirely
Many taxpayers in Australia often commit mistakes when filing their own tax returns. Even if various tax software is being made available, if you have never had a tax agent before or never filed your tax return on your own, you may be more likely to turn in a form with plenty of errors that