Some of us were lucky enough to be raised by people who knew how to save, budget and plan for the future, but statistics show that many of us missed those lessons, to our financial detriment. The most recent figures show that home ownership in Australia has dropped from 85% of the working population to […]
The Australian Taxation Office (ATO) advises that every taxpayer has the right to arrange their financial affairs so that they pay minimum tax. This is the process of tax planning and is quite legal provided the measures taken are legitimate and within the intent of the law. Tax avoidance schemes, however, are outside the tax […]
The end of the financial year is almost here, so business operators should already have their tax planning strategy for this year established. If not, there is still time to review the situation and have some short-term processes in place in order to meet the 30 June transaction deadline. The following information should assist for […]
It may come as a surprise to know that the family business is one of the most common business models worldwide and even more surprising is the statistic that in Australia, family businesses account for 70% of all our businesses and employ half of our workforce. The sector is worth approximately $4.3 trillion and has […]
Residential real estate in Australian capital cities and large regional centres has been an attractive and relatively secure option for investors for many years. Steady and continuous economic growth for 29 consecutive years was reversed only by the pandemic. Tax incentives such as negative gearing opened up investment in real estate to people who might […]