As a small business owner, you’ve likely invested heavily in your business, often at the expense of making personal superannuation contributions. The good news is that the small business CGT concessions may offer an opportunity for you to reduce Capital Gains Tax (CGT) and catch up on your superannuation contributions.
As 2024 begins, may I suggest business owners take stock and learn from past financial circumstances affecting their business (and themselves personally by default) and consciously work towards implementing financial strategies that will help them to enjoy more personal prosperity from their business opportunities.
On Tuesday 9 May, Treasurer Jim Chalmers handed down the Federal Budget for 2023/24, which was eagerly awaited given increasing cost of living pressures and recent interest rate rises impacting the financial situation of many Australians.
When implementing personal risk insurance, there’s a lot to consider. How much cover is enough? What does it cost? And, when’s the best time to get insurance cover.
