How Will Redundancy Affect Your Tax

Redundancy can be stressful as you face the emotional and financial insecurities of losing your job. Having some understanding of the different tax implications of your redundancy payment will help to make the most of payout. When we think of redundancy, we usually think of it as losing a job. However, the ATO is specificRead more…

Caring for Your Elderly Parents

When elderly parents find it hard to look after themselves, it is common for their children to take on the role of carer. As we live longer, more Australians face the prospect of needing to care for their elderly parents while looking after their own family. These carers are typically women between 40 to 50Read more…

Growing Your Wealth with Property

Property is a common investment vehicle used to grow your wealth and achieve financial freedom. Regardless of the type of assets you invest in, the fundamentals of investing remain the same. Start by formulating clear financial goals and educate yourself in the different types of investments that are out there. This will help you developRead more…

Smart Ideas for Saving and Budgeting

Once you have a plan in place, achieving your financial goals involves some discipline and a small amount of sacrifice. Once the habit is built however, most people find they are easily able to meet their savings commitments. Good money management by definition requires you to spend less than your income. By avoid spending onRead more…

Investment Philosophy – Make Your Money Work for You

Growing your wealth involves more than saving a part of your income. You need to invest your savings so that your money can generate more money. Knowing where and what assets to invest in requires a basic understanding of investment principles. We recommend you decide clear financial objectives before investing so that your portfolio isRead more…

Protecting Your Wealth

Wealth protection is a vital part of financial planning. We spend enormous amounts of time building our wealth, yet all it takes is one misfortunate event to throw us off track. A well-rounded wealth protection strategy provides a solid foundation for wealth accumulation. You’ll have peace of mind knowing your financial goals won’t be affectedRead more…

Small business prepayments

Prepay Your Small Business Expenses and Save Tax

As a small business owner, you know the hard work that goes into building your business to create the lifestyle that you want. Every dollar you save on tax brings you one step closer to achieving your financial goals. Prepaying your business expenses can be an effective tax reduction strategy. In simple terms, it’s spendingRead more…

How To Save For Your Child’s Education

Your child’s education is a big investment, particularly so if you want to send you child to a private school. The impact of school fees often coincides with other significant financial obligations such as buying or building a home, meeting mortgage commitments and other family costs. Further pressure exists if one partner has chosen toRead more…

Rental Property Tax Deductions

Investing in real estate can be a sound investment taking into account the potential for capital gains, and the benefits of negative gearing. As with any investment it is important to fully understand the tax implications related to the investment, and the tax deductions available to you. Investing in real estate can be a sound investmentRead more…