Super contributions are a legitimate expense of a business. As long as the business uses a company structure, it can even borrow to make contributions on behalf of all of the staff – including the company directors. This can create a nice little tax saving that might not otherwise be possible.
Did you know you can pay the same rate of interest to a bank – but that the actual cost to you of that debt will differ depending on whether the interest is deductible or not? This makes managing debts for tax effectiveness one of the most useful things any business owner or investor can do. This is a simple idea but it is important that you get the detail right. So, please read on and don’t hesitate to contact us if you would like to hear how you can take advantage of this simple mathematical truth.
A family home is the starting point for any financial plan. It is also a fundamental part of a happy lifestyle – like your home, like your homelife, as they say. Over the next month, we will be showing you ways to get the most out of home ownership – both for yourself and for other people you might be worried about, like your adult kids. This article sets the scene.
This article is a must-read for any business owner thinking about travel. Claiming a tax deduction for travel costs can make a huge difference to the effective cost of that travel. The Australian Taxation Office’s general position is that the cost of travel is tax deductible to the extent that the travel relates to the business’ purpose of deriving assessable income from an existing business activity. A business can’t claim costs for travel related to speculative business activities that you have not yet entered. But travel that relates to work that your business is already doing will usually be fine.
At this time of year, many people are keen to make some sort of donation to charity. Here is a simple but powerful idea that will ensure any donation you give does as much good as possible
Lists of the highest paid professions can be good fun. But they also tell us some fundamental truths when it comes to making money, whether we are running a business or deciding on investments. So, take a look and have a think about the most recent list of Australia’s best paid.
If presidential elections are hard to predict, then how much harder is it to predict market reactions to those elections? The share market’s reaction to the Trump presidency might have ended well, but it defied logic along the way. The next four years could be very interesting.
The end of the year is almost here. Here is a great way to reward your staff – with a little bit of help from the taxman.
You hear a lot of commentary about median house prices. But what is the median, exactly?
Companies don’t need to be profitable to list on the stock market. So, don’t be fooled into thinking that every share market listing is a sure thing.
