A lot of people take an “out of sight, out of mind” mentality towards their superannuation - aside from tax time when their fund sends out its annual email, most people don’t really think of super until it’s retirement time. A lot of people don’t know how much is in their super, or how much annual return it’s delivering, or [...]
Unfortunately, there’s no quick way to quickly improve your financial situation overnight (short of winning the Powerball, that is). Of course, that doesn’t mean that there’s nothing you can do! If there was ever a year to start looking for ways to improve your personal finances, it’s this one. And it doesn’t have to be big, sweeping changes to your [...]
Self-managing your superannuation comes with a number of benefits: You have the final say over where your money goes More control over your tax position The ability to pool your super with others and access bigger opportunities However, it also comes with some disadvantages - namely, the fact that you’ll have to do a lot more work compared to an [...]
While everyone’s been hit by COVID-19 differently, there’s one thing that pretty much everyone’s had to wrestle with. Specifically, the fact that a lot of people are taking a good, hard look at their finances. Thanks to the changed economic outlook and the new glut of spare time, many people are looking at ways to financially get through these times. [...]
Super is on everyone’s minds at the moment - little surprise, given the current economic outlook. According to some reports, 2.6 million Australians have applied for early access to their super, for a total of $42 billion. However, that isn’t the only way people have been using their super to get through tough times. One of the advantages of an [...]
When you first commit to losing weight, you track your calorie intake as well as your kilos. When you bring your newborn home for the first time, you no doubt keep track of their size and weight, comparing these against the averages. Your startup is no different. Starting a business is a major endeavour. Sure, you’ve got a great idea [...]
Did you know? 1 in 4 Australians worry about money on a daily basis - a number that has almost certainly gone up due to our current climate. Financial stress is one of the worst kinds of problems that you can face - one that’s made worse by generally low levels of financial literacy among most Australians. However, there are [...]
It’s hard to believe it’s March already. And with March comes the need to report Fringe Benefits Tax (FBT). Unlike your personal income tax return, FBT doesn’t follow the Australian financial year (1st July - 30th June). Rather, the FBT year ends on the 31st of March - a date that’s only a handful of short weeks away! This isn’t [...]
Self-managing your superannuation isn’t for everyone. Unlike Australians who choose an industry or retail fund, SMSF comes with a lot of extra work. This work starts from the very beginning, with your SMSF investment strategy. Not only is building a comprehensive and cohesive strategy a sensible thing to do if you want to maximise the return on your super investments, [...]
As a small business owner, you’re accustomed to doing things on your own. In particular, many small business owners feel intense ownership over their businesses, and feel compelled to have a hand in all parts of its operation. In many instances, that includes doing the finances as well. It’s admirable that you’re taking such a hands-on approach to your business [...]
