Financial Planning

Strategy chess
SMSFs on the defensive: Is it time to revisit your strategy? Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their hands. Read more
Will and Estate Planning
Understanding CGT when you inherit Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune. Read more
Bookkeeping - taxes
Make selling your business less taxing Selling a business you have spent so many years building up can be a difficult process, but getting the best price is not the only consideration. Tax has a big role to play in the financial result.

That means the ATO will be paying close attention. Selling a business is considered as disposing of an asset, so it triggers a capital gains tax (CGT) event.

If your sale isn’t handled correctly, you could find yourself on the receiving end of a hefty tax bill and a lot less profit than you expected. Read more
Australian money
Cash is king in a crisis Most of us understand the importance of saving for a rainy day, but sometimes it takes a crisis like the current pandemic to make us act on it. Read more
mental health
Maintaining your mental health through the pandemic The COVID-19 pandemic has shifted our day-to-day lives in a dramatic way. One of the biggest changes to come from this period, was a transition to working from home for many people. Read more