Archive for October 2018

The principles behind winning in business and winning in sport are similar in many ways.

Take tennis, for example. If you’ve ever watched a match on television, you’ll know that along with all the hitting, running and grunting there are a lot of numbers involved.

As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks.

In other words, building your wealth and protecting your wealth.

Have you been doing the numbers and panicking a little recently?

If your super fund is a little ‘light’ as you start to think ahead to your golden years, you’re not alone.

If a business owner said to you that they run their business without a budget, what would you think? You’d think they were incompetent. Or perhaps lazy? Or both?

With 1 July just around the corner, a number of new super and Centrelink rules that could impact your financial situation will come into effect. Here are the ones that you need to know about.

Self Managed Superannuation Funds can breathe a sigh of relief after the Government handed down a Budget that largely left superannuation untouched.

What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using radical transparency and algorithmic decision-making to create an idea meritocracy where people can speak up and say what they really think – even calling out the boss is fair game. Learn more about how these strategies helped Dalio create one of the world’s most successful hedge funds and how you might harness the power of data-driven group decision-making.

The CGT relief concessions that are available to small businesses can be very generous. However they can also be complex and confusing, so knowing a few of the finer details can go a long way to ensuring your small business can take best advantage of them.

When a life insurance policy has been held by a taxpayer for 10 years or longer, reversionary bonuses received on that policy are generally tax-free. For policies held for less than 10 years, stipulated amounts are included in the taxpayer’s assessable income, and a tax offset is available.

Interest can be claimed for the cost of funds borrowed to purchase a rental property and to meet maintenance costs or running expenses while the rental property is being let (or is available to be let) under a commercial arrangement to generate assessable income.