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Insolvency Reform for Small Businesses in financial distress

The Federal Government has announced reforms to simplify the Voluntary Administration process in order to help financially distressed small businesses to efficiently restructure and survive the economic impact of COVID-19. The reforms will likely come into effect on 1 January 2021. Small businesses are historically most at risk of insolvency, with 80% of corporate insolvencies…

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New Income Tax cuts by 16 November

The Federal Government announced income tax cuts for working Australians in the 2020 Federal Budget. The cuts must be included in any pay runs processed from (no later than) 16 November 2020, giving millions of Australians a few extra dollars in their bank account each week. Employers need to make sure they’re passing it on.…

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Managing your own finances vs. having a Financial Coach

Here’s how you can weigh up what is right for you. You need to assess your skill set, your training and your appetite to continually develop your financial acumen. Consider home DIY as an analogy. If you’ve done it all your life, had a great teacher along the way, go to courses, seek industry information,…

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Market Update

US elections and daily pandemic updates, are dominating the news headlines.  With this constant flow of information, investors must be focused on their long-term goals and learn to tune out the noise of the crowd. Following the sharp falls in February and rebound in March, the markets have been fluctuating daily mostly in a positive…

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