Receiving a Director Penalty Notice (DPN) can be a stressful situation, which can be difficult to navigate. These situations become even more stressful for former company directors who may feel trapped by their past responsibilities
As retirement approaches, putting extra funds into your superannuation can be a wise decision. This is especially true if you come into extra money through an inheritance or the sale of a significant asset. Increasing your super contributions not only enhances your retirement savings but also offers the benefit of tax-free income when you start withdrawing from your super during retirement.
Securing a home loan can pose challenges for people who are self-employed, even if they have stable and regular income. Whilst loan approval is achievable, it often requires extra effort in the application process as lenders have stricter criteria for business owners.
Property investment is a popular strategy for building wealth,
particularly in Australia. However, it is not as simple as buying a property and waiting for the profits to come. The type of property you choose to invest in may significantly impact costs you incur and your overall return.
In today’s environment of online tutorials and self-help resources, it’s tempting for business owners to try their hand at managing their own taxes. While taking a DIY approach might seem like a cost-effective solution, it can actually pose significant risks and drawbacks, particularly when it comes to navigating Australia’s complex tax landscape.
The 2024-25 Financial Year is upon us and it has brought several new laws which may impact you.
As we approach 30 June (end of financial year), now is the time that you may be looking to optimise your tax deductions which can help to maximise your tax savings.
All business owners are concerned about safeguarding their business, their assets and maximising their wealth. However, this is not a simple process and you need to have effective strategies in place.
Whilst it is morbid to think about, it is vital business owners have a plan in place for what will happen to the business if the owner dies. The considerations you need to make in this situation are like the considerations you would have in place for exiting your business, however there are a few other important areas that need to be addressed in the case of the business owner’s death.