The End of the Financial Year Is Here. Time to Plan for 2024!
As business owners, we often get so involved in the day to running of our businesses we often forget to plan and set goals. We all know we should do it. But other things just get in the way. As a leader, you have one job. Create a vision. Then sell it to the team. […]
Leaders – Walk the Talk!
What is a definition of a leader? And why is it that leaders are successful in the short term but fail in the long term? I get asked the question of a definition lot by business owners. ‘What am I supposed to do ask’ most. There are many definitions. None of which will help you […]
You Are Owed $45Bn
It doesn’t. But in a way it does. I mean can you imagine the smile on my face if all of a sudden I saw $45Bn in my bank account? Can you imagine your face? It’s the amount of money owed to the ATO from taxpayers and that is why it is relevant to you. […]
Start Planning because Interest Rates Are Up… And Will Keep Going Up.
When interest rates started to go up most of my clients were not concerned. Now? I’m not so sure. But within months panic may start to set in Many are protected because they are still on fixed interest loans which means even through the Reserve Bank increases rates mortgage payments go up by nil. Zilch. […]
Investment property …. Not All As It Seems …..
Every 2 weeks or so it is not unusual for us to get a call from a client asking if investment property is a good investment. Even in this uncertain market. The question normally comes about because they have been on a property seminar which promised they will make trillions. Or they have been speaking […]
Surprise, Surprise the ATO wants More Taxes from Your Family Trust
Well, they do. And they don’t. Here’s the issue. Accountants for years have been taking the micky out of the ATO and not surprisingly the ATO are getting a bit p**ed off. And for some reason we accountants are very upset that the ATO is upset with, well, us. The accountants are so upset with […]
It’s Credit Card Madness!
Did you know that there are 13M credit cards issued in Australia, with the average credit card balance being $3,000? There’s more. Apparently, we spend $33Bn on credit cards in Australia, costing $17Bn in interest per year. Crap – that’s a lot. I am not a great fan of credit cards. I am not a […]
What do you want to become or be? What do you Want?
It’s a question every teenager gets asked. In fact, you asked it too. And you probably spent many hours labouring away working out the answer. In fact, I bet you did the equivalent of what those geeky people in lab coats do. Here’s the thing. We spend hours, weeks, months and years working this out. […]
Understanding Your 3 Wants
I have always been fascinated by what drives us and what as human beings we want. And because of that, I have spent a lot of time (and money) finding answers to the ultimate question of what it is that business owners want. I have been advising business owners for over 20 years. And when […]
What is the Taxman Looking at?
As you would expect we like to know what is of interest to the taxman. Every year he seems to change track and has a favourite only to look elsewhere another year. As many of you also know we recommend our clients take out Audit Insurance which cover fees in cases where the ATO decides […]
