It’s that time of year again! When our wallets get lighter and our headaches get bigger! Whilst this is season that’s meant to be full of joy and happiness, all too often we wake up in January with a massive credit card hangover that can take us until the following festive season to get back on track. Here are our end-of-year spending tips to help you avoid the dreaded January credit card bill:
Recent studies show that Gen Y are becoming more and more active in relation to investing their hard earned, deposable income. However no matter what generational bracket you belong in, the key to building a great investment portfolio is to start sooner rather than later and stay invested. And here are some tips to help you along the way:
While the matter of tax deductions for your super fund is one of the reasons clients employ us to help manage and account for their funds, we thought it useful to provide the following flyer to explain the rules in light of recent advertising targeting SMSF trustees.
Self-Managed Super Funds are hardly a new trend; however they have gained some traction lately, with the government allowing SMSFs to borrow to purchase property. Everybody from property advisers to your next door neighbor seems to be raving on about this option. However, before you conform to this newest wrinkle, it’s well worth considering whether you have what it takes to run your own super fund.
Discussing tax planning and finances are not usually what most people consider to be a romantic gesture of one’s love for another. However, when you feel yourself heading into a serious relationship, it’s important that you consider the practical tax and financial implications associated with your new found commitment. Whether you are thinking of moving in together and entering into a de facto relationship or getting hitched, failing to consider such issues could cost you down the track, especially if you have already accumulated a reasonable amount of wealth prior to entering into the relationship.
Even though social media is seemingly all around us, it’s still pretty common for small businesses to question why they should be on social media. Many small businesses can’t understand how it can truly impact their bottom line and are afraid of the costs verses the benefits. But with 65% of Australians using social media - with almost half of them using it every day - it is a communication channel that shouldn’t be overlooked.
To help our small business owners decide whether social media is for them, we’ve turned on the myth buster to smash through some of social media’s biggest myths.
We’ve touched on this subject before, but for small businesses, proper cash flow is still a highly conflicting issue that most businesses still can’t seem to grasp their hands around.
Dun and Bradstreet have released data based on eight million trade payment records that indicate that businesses are now waiting 54 days to be paid; which results in a flow over effect that causes a vicious cycle of limited to no cash flow. Furthermore, D&B research has found that 56 per cent of businesses expect cash flow will be an issue for their operations in the quarter ahead. Business owners need to take heed and ensure that their cash flow doesn’t fall victim to this vicious circle by following these steps:
After months of strong returns driven by income-seeking investors moving from cash to income-paying assets, like corporate debt, property, infrastructure and shares, has the rally gone too far…..are we in a bubble that is ready to burst? Evidence provided by AMP Capital suggests the answer is “no”; valuations and credit growth remain reasonable and interest rates appear likely to stay low for a while yet1.
For a small-medium business owner, the struggle to get ahead of the big boys is a seemingly perpetual loop. However, with the rise of cloud computing systems, it seems that SMEs are finally gaining the upper hand. SMEs are able to make educated and swift decisions to streamline their IT spend but never by sacrificing efficiency and potential growth. They move quickly and they are able to adopt new technology quickly without the red tape that binds their larger counterparts.
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