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Taking control of superannuation as a wealth-building strategy

superannuation

This month is an important one for superannuation funds as they go under the microscope once again for performance assessment. It’s got many members wondering how they can take control and start treating super not as a fall-back option, but as a driver for wealth. The government is reviewing default super funds for performance. You…

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Nowhere to hide: ATO in hot pursuit of dodgy claims and tax debt

tax audit

The Australian Tax Office has issued a warning to tax payers not to try to make false claims or ignore collection communication. The result will be forceful follow-up and audit action. Dodgy claims: It feels as though the ATO issues the same warning each year: don’t claim unrelated expenses! And yet, some people are still…

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Healthy habits for SME’s this new Financial Year to save time and tax

One of our favourite sayings is: when the going gets tough, the tough get going. Never has it been more relevant for business owners everywhere. To get you going this new financial year, there are some simple things you can do to boost your business health, and save time and tax. Year-round advice Many business…

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Divorce rates have increased, and the way you settle your finances really matters

divorce

The 2021 Australian Bureau of Statistics census data recently released shows that 2.5 million Australians are now divorced; up from 2.2 million in 2016. Of 5.55 million families, nearly 1.07 million are now single-parent families. Divorce is an extremely emotional event and a huge milestone in anyone’s financial life. It is the emotional nature of a relationship…

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COVID relief is over for business owners, and now the struggle is real

wage increases

We don’t like to focus on the negative, but bear with us on this one. Small business owners currently face government legislated (and industry-led) wage and superannuation increases, increasing energy and supply costs, a tight labour market, increased pressure from the ATO…where can a business owner – who employs Australians and supports the Australian economy…

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What a Labor government means for small business

labor government small business

After 9 years of Liberal government, small business is watching with bated breath to see if Labor is able to support them in the way that they need. Here’s what they’ve promised so far… Albanese has enacted his campaign promise of a minimum wage increase of at least 5.2%, in line with headline inflation – see…

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