Audits – forewarned is forearmed
Myth-busting - Part 5 If you’ve been reading along, over the last couple of weeks you’ll have seen us busting myths around income, both personal and business. Today, we’re busting another myth - audits aren’t really a thing any more. Despite Covid’s interference in...
The Sharing Economy Business
When it is & isn’t a business - Myth-busting part 4 Continuing on from where we left off in our myth-busting series – but this time looking at some of the things you need to know about the sharing economy – from an investment/business perspective. How does a hobby...
The Hobby Business
When it is & when it isn’t a business - Myth-busting Part 3 Recently we’ve been exploring some of the myths around money, business, tax. For the next few blogs, we’re addressing questions clients ask. Given many people have lost jobs recently and had the time on...
You Need to Earn Bazillions to be Wealthy – Myth Busting Part 2
So recently we started addressing myths around money – the last blog was about working harder but losing it all to tax. Myth busted! Today, it might be time to clear up some misconceptions about what being wealthy (and middle class) means in Australia. Recently...
Myths around working harder – I’ll lose it all in tax
When you’re an accountant, over time, you get to hear all the myths, half truths and ‘expert’ advice doing the rounds. Given 2020 was such a testing time for so many Australians, we thought it might help if we addressed a few of these in upcoming blog posts. What...
Pay yourself first
Pay yourself first - we thought we’d start off the year with a quip that’s often said in regard to things financial and yet many people aren’t that sure exactly what it might mean for them. Is pay yourself first a phrase for business owners? Or is it something with...
Property Taxes Part 2 – Capital gains tax
Real estate seems to have rebounded - no doubt about it. But often there’s more to buying a property than might first appear on the surface. Last blog, we wrote about the up front (Stamp duty) and ownership (Land tax) costs you might encounter. But what about the...
Property taxes – land tax, stamp duty, etc.
Note: a discretionary trust exemption deadline (scroll to the bottom) If the media is to be believed, the real estate market has rebounded post Covid and all is well again. Plus the huge hurdle into the property market for many that is stamp duty is about to be made...
Surviving 2020 and starting 2021 as you mean to go on
Congratulations on surviving 2020 - the nightmare that was and will go down in history. Okay, it’s almost over in that it’s mid November as I write this, but the end is very much now in sight. Hurrah! Chances are your business went one of two ways - either you were...
