Many Australians are deciding to strike out on their own these days and set up their own business. They may have had a germ of an idea for some time, but for whatever reason, now is the time to take action. With enthusiasm comes excitement and usually the individual cannot wait to get started. Why is it a good idea to pause for a second and think? Making A Good Plan [Read More]
Should You Consider an SMSF to Safeguard Your Future?
Many people today are worried about their financial future, as there seems to be so much uncertainty in the world. Some of those people who are determined to take control of their future are considering whether or not to set up a self-managed superannuation fund. If you've been thinking along these lines, what should you know before proceeding? What Is an SMSF? The idea behind a self-managed superannuation fund, or SMSF for short, is to give you enhanced control over your retirement planning. [Read More]
Tips For Entrepreneurs On Preparing A Business Plan
When you're seeking financial backing for a new business venture, a well-written business plan is essential. An effective business plan should clearly set out your objectives for the business and should detail the strategy you're proposing to implement in order to achieve them. So, how do you go about writing a good business plan? Here are a few pointers that you might find helpful. Set out the purpose of your business [Read More]
Why You Need to Be Wary of the Taxman If Trying to Claim for Holiday Home Rentals
Many Australians are choosing to look in different directions for their investments as a result of a fairly sluggish stock market. One option they consider is the purchase of a holiday home for rental. This can be a lucrative proposition, but you have to be careful when claiming specific costs related to these rentals, against your tax. What has the ATO been looking at recently and what do you need to be careful about? [Read More]