September – 2017 Practice Update

September – 2017 Practice Update covers the following points
  • ALP announces massive (potential) changes to Trust Taxation.
  • Single Touch Payroll update.
  • Keeping ABN details up to date.
  • Limited opportunity to avoid 'transfer balance cap' problems.
  • New Approved Occupational Clothing Guidelines 2017.
  • Ability to lodge nil activity statement in advance.
Click here for: September – 2017 Practice Update...

Know Your Business’s Worth

Ideally, a business is run tirelessly and either passed on to the next generation within the family or sold off to the right buyer, at the right price. However, most business owners only gauge the value of their business when they decide to sell. This often leads to several lost opportunities during the tenure of the business. Knowing the worth of your business can help you in several areas such as planning investments, exit strategies, insurance and much more. Why keep track of a business’s value?
  • To Expand your Business When thinking about business expansion, awareness of your business’s worth can help you gauge the need for external funding and assist in acquiring the required finance. You are more likely to cultivate confidence in lenders where you able to show awareness of the various components of your...

Making Money While You Sleep

Property is the product. The plan is the Key - To get rich you should be making money in your sleep

How can One do this? Just imagine that you are a landlord of one or more rental properties that are returning 4% with the added benefit of capital growth of 7% to 10% per annum. If you have an investment property worth $600,000 it will be worth over $1 million in ten years. If you think that is not possible I can show you the stats to prove that this has occurred over the past 100 years in Melbourne. This is how you make money while you sleep! The sad fact is most people would like to do this, but don’t. Why? While many property investors know they want their properties to replace their income, I’ve found most don’t think about...
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