A self-managed super fund loan or an SMSF loan is a home loan operated by an SMSF to purchase investment residential or commercial property. The investment profits, regardless if they’re from capital gains or rental income, are directed …
ReadFrom the implementation of Single Touch Payroll (STP) in small business accounting systems to troubling revelations about the ATO’s conduct surfacing, 2018 saw a turbulent ride for the world of SME taxation. 2019 is looking to be as disruptive, …
ReadSuccessful business owners have the confidence, intelligence, and ambition to implement and execute their business plan. However, some lack an essential habit that’s needed to make a business truly successful – a complete understanding of the numbers that …
ReadGot a fantastic concept for a business? If your present job isn’t hacking it in terms of personal rewards or earnings, now might be the time to unleash the business owner in you and join the two million …
ReadAccording to CoreLogic’s data, the property prices in Sydney and Melbourne are falling at a fast rate. Melbourne’s median home value slid 0.4% last week with a decline over the past month of 0.8%. Sydney’s median home value …
ReadReal estate in Australia, particularly in New South Wales, will be about $500 cheaper for the average property buyer starting next year. According to the NSW government, it will be making the “most significant reform in a generation” …
ReadAccording to the Australian Taxation Office (ATO), excess super contributions tax is due on superannuation contributions that go over the concessional (before tax) or non-concessional (after tax) cap amount. While saving is a great way to plan for …
ReadInsolvency is when a business or individual’s liabilities total more than the value of the assets and the debts can no longer be paid. If you or your company is facing insolvency, here are some general scenarios on …
ReadWith the federal election nearing, the polls currently show that Australian Labor Party (ALP) is on track to win. If they do win, at the top of their agenda is property tax changes. The ALP is proposing to …
ReadUpdate: The Single Touch Payroll deadline has been extended. Click here for more details on the extension. For companies who have 20 or more employees, reporting your payroll and superannuation information to the Australian Taxation Office through …
ReadScammers have been pretending to be ASIC, contacting customers and asking them to pay fees or give their personal information. The emails have a link with a fake invoice, which if you click, infects your computer with a …
ReadAccording to a recent CoreLogic study, residential property values in most capital cities have declined in February for the fifth consecutive month. It was more moderate than the declines in the past two months but it was the …
ReadThe property industry now provides more blue collar trades and high finance jobs than any other industry in Australia. According to a report by AEC Group, the property sector employs over 1.4 million people, taking over social assistance …
ReadIt can be very difficult to select the best property and closing a real estate loan can just be as complicated. The deadlines, fees and anxiety can be difficult, particularly for first home buyers. However, you can deal …
ReadWe have been hearing about a speculative bubble for years because of low interest rates, tax breaks and price drops especially in Sydney but a crash is more complicated than we think. While the Australian property is expensive …
ReadThere have been many arguments on whether or not it is good to buy “off the plan” properties. Some finance risks you should be willing to take if you want to buy off-the-plan are: changes in debt situation, …
ReadAbout 50% of older Australians could experience a huge shortfall when they stop working after conceding they have less than $100,000 of superannuation balance. New statistics show 43% of Australians aged 50 to 70 years old have less …
ReadBusinessmen are usually the most hardworking people but because they can be so busy, they often do not have the time to observe how their finances are really doing. If you are a business owner, a small business …
ReadThere have been huge price growth and decrease in different Australian property markets and fortunately, stabilisation and correction are now in place. However, this situation creates an uncertain environment for property investors. Some properties may appear attractive but …
ReadAfter a disaster, those who make donations to a relief appeal can claim it if the receiving organisation is endorsed as a deductible gift recipient (DGR), which is entitled to receive tax-deductible donations. If you donate to a …
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