BLOGS

What’s more important? Minimising tax or building wealth?

Tax is most people’s largest lifetime expense! Therefore, it is not difficult to understand how taking proactive steps to minimise your taxes can produce significant financial benefits. Different taxes will impact you at different stages of life depending on the wealth you have accumulated i.e. types of investments, amounts and ownership structures used. The common …

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How a proactive accountant can help you grow your business

Helping a business keep on top of their financial affairs has radically changed over recent years. With the help of a proactive accountant, more businesses are switching to cloud based software to help streamline their core processes. Although this has provided significant time and cost savings for businesses, accounting and tax compliance tasks can still …

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Will the banks stop you from building wealth?

Over the past couple of years there have been many changes that have dramatically reduced your borrowing capacity. The Financial Services Royal Commission, government has put pressure on the banks to reduce investment lending and a directive to tighten lending standards just to name a few. If you are unable to borrow then your only …

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Starting a business? Here are 5 important considerations

For many, starting a business is a dream and a step towards financial independence. With making the leap into starting your own enterprise, the decisions made within the business’s inception can have drastic implications down the track including asset protection, capital gains tax (CGT), income tax, estate and succession planning. Here are 5 things you …

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Not all super funds are created equal

The Productivity Commission released its draft report this week into the efficiency of the Australian superannuation system. Its findings are concerning, and all Australians must take an active role in choosing the most appropriate superannuation fund for them. If you don’t, the Productivity Commission suggests it could cost you between $61k and $407k, depending on …

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Financial life hacks

I recently asked my blog subscribers to share their financial life hacks. This includes any ideas, strategies, products, business or apps that you use to help you save money, organise your financial arrangement or just make life easier. I have provided an edited list below (removed repeat entries and any investment advice). I would like …

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