Despite being years away from the average retirement age, it’s the dream of many hardworking individuals to achieve an early retirement. You may have heard of the FIRE movement – Financial Independence, Retire Early. FIRE is a movement of people dedicated to extreme saving and investing, in a way that allows them to retire far earlier than they would have otherwise. One of the most important elements of the FIRE… Read more
You may be someone approaching your retirement days or already living the retirement dream. Either way, you might have noticed some changes in your living situation and lifestyle. Many retirees begin to realise that their current home isn’t necessarily the right fit for their new retirement lifestyle. Commonly, retirees realise their home is simply too big! Maybe you’ve decided you want a far more low maintenance home with less gardening,… Read more
The most effective way to achieve optimal business operations can simply be by educating yourself on the ins and outs of running a business. With that in mind, one of the critical areas that is important to focus on is your small business’s finances. Running a small business requires hard work and effective multitasking. But as a business owner, I’m sure this isn’t news to you! I’m sure you also… Read more
It is a common goal for many Australians to achieve financial security for themselves and their family. Many people will find this far easier with a financial adviser by their side. In partnership with a financial adviser, you have the opportunity to improve your finances and get on track to achieving the dream of financial freedom! However, it’s imperative to choose the right financial adviser to help you protect and… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. $44 Million Recovery Package for Melbourne The Melbourne Money scheme is returning to the CBD, with the state government and City of Melbourne launching a $200m “revitalisation fund”. From 15 November, those dining in the CBD between Monday and Thursday can claim a 30% discount – of up to… Read more
A capital gain (or loss) occurs when an asset is sold. The difference between the purchase price and the sale price is the gain or loss. Capital gains tax (CGT) applies to money you have made from selling an eligible asset. Capital gains tax events occur when an asset is sold, or other triggers arise, such as the loss, theft, or destruction of an asset, or creating contractual or other… Read more
For most people, when it comes to dealing with taxes, it can quite literally be taxing. Tax management requires a certain level of focus, expertise and organisational skills. If you are running a business, tax management can become even more complicated. If you are an aspiring entrepreneur, you’ve probably encountered the term ‘tax loss’ more than once. Understanding tax loss and using it to your advantage can be challenging, but… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Borders are reopening! After closing its international borders for nearly 600 days, Australia is now open to foreign visitors starting on Monday, as restrictions gradually lift. Fully vaccinated travelers from New Zealand who test negative in pre-departure tests can now enter and avoid quarantine in NSW. The next set… Read more
In its 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish the new Australian Business Registry Services (ABRS), and enhance how businesses register and manage their information with the government. Although the ABRS rolls out progressively between 2021 and 2024, one of the immediate changes is that business directors must obtain a director… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia-Singapore Travel Lane Begins on 8 November Australia and Switzerland will join the eleven countries – including the United States, the United Kingdom, Spain, Italy and France – that have signed on to Singapore’s vaccination travel lane arrangement that replaces quarantine with COVID-19 testing pre-departure and on arrival. The… Read more
Since we’re approaching the tail end of tax season, we’re sure many of you are starting to feel the stress of having to manage your own finances. This is especially true for businesses as we know how much work needs to be done before the October 31 deadline. Unfortunately, we all know we can’t simply opt out of doing our taxes: it’s unavoidable. What’s even more unfortunate is that one… Read more
Today marks the beginning of Ethical Investment Week. Now in its eighth year, Ethical Investment Week highlights the importance of ethical investing and the benefits it can offer investors. But what is ethical investing? Ethical Investing is a holistic approach to investing, which considers not only financial returns, but the impact of that investment (both negative and positive) in areas of social justice, corporate governance and the environment. It helps… Read more
The key to building a successful, stable, and capable small business all boils down to one fundamental task: saving money. Setting a business up is one thing, and continuously raking in customers and revenue day after day is a good sign of success. But as you look over your financials, you may realise that you’re not retaining enough of the money that comes in because of your unnecessary expenses. This… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Melbourne to Ease Lockdown Melbourne is set to lift its stay-at-home orders by Friday. This comes as Victoria’s vaccination rate is set… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Sydney Reopens After Months of Lockdown Cafes, gyms, and restaurants in Sydney opened for fully vaccinated customers on Monday after months in… Read more
The pandemic has acted as an impetus for reflection, with many workers and business people reassessing the hours they work and the priority that work has in their lives. A survey from Slack showed that 72% of respondents would prefer a hybrid approach to work – i.e. a mix of remote and office work. But there’s also a growing belief that we should be working fewer hours too and aiming… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. End of Lockdown in Sight for Melbourne Melbourne will exit its coronavirus… Read more
You’ve probably heard the maxim that it’s better to work smarter than harder. Working smarter means allocating your time, energy and money so vital tasks get done more efficiently, freeing up your personal time. Too many business owners think they must keep working harder—taking on more responsibilities and working longer hours—to be successful. It makes sense, because you’re responsible for your business, but that route leads to work overload and… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. Vaccine Passports for International Travel The government has taken a major step… Read more
Being in lockdown is frustrating. There’s so much you can’t do. But is it the perfect time to do some business planning? Business planning constantly gets bumped to the bottom of the to-do list. It never feels urgent, especially when sales are strong and you’re dealing with challenges like finding new staff, or product shortages. However, a business plan can really pay dividends in the long run. It can not… Read more