How Hard is it to Create Wealth?
It’s not as hard as you think. Ok, I get it. There are several people reading this who want to punch me in the face to rearrange my nose because they believe that as I have no idea what their personal circumstances are, I have no right to make the comment above. And they may […]
Investments – Remember to Spread it About
Disastrous news. There are 2 rules when it comes to investing Rule 1: Never lose the money you invest. Rule 2: See rule 1 And it seems I forgot the rules because I think I have lost $50,000. Bad news even at the best of times. But finding out when you already have a dodgy […]
Business’s Taxes – It’s a Minefield
When it comes to Business taxes it is a bit of a minefield. We have all kinds of acronyms which don’t help. It’s the fault of the ATO. Okay, maybe we accountants don’t make it easy either, but I’m sticking to blaming the ATO. We love our acronyms. People think acronyms are used to […]
It’s A Financial Disaster!
You would have to be a hermit if you did not know that Australia (and the world) is going through a rocky patch on the financial front. The share market recently tanked freaking out everyone, including those on pensions or about to become pensioners. Homeowners are freaking out because interest rates are up and will […]
Crap…. Interest Rates Are on the Up!
It’s started. We all seem to be concerned about costs going up. And now interest rates are on the up too. You know it’s a serious issue when political parties start talking about the cost of living. Especially when it comes just prior to an election. And as a committee member of the Brisbane Basket […]
Working From Home? Keep Those Records or Lose Out ….
Many are still working from home. For some, it is permanently from home. For others, it’s may be a few days a week. But the ATO’s special rates as a tax deduction brought about by the pandemic has ended. This was the 80-cent shortcut rate method. Basically, you get 80 cents for every hour you […]
It’s a Bloodbath!
Anyone looking at the stock market will have tears in their eyes. I look in despair when I see what has happened to my portfolio. And last week I showed my kids what has happened to their values, and neither were too pleased with my performance. According to them, it’s all my fault. It had […]
Is Your Business in Financial Distress?
Most businesspeople will say they are not – even if they think they are. Here’s the thing. You need 3 things to make your business truly successful. And often businesses concentrate on 2 of them and neglect the 3rd. And the 3rd one, if ignored will usually kill a business. So, what are they Customers […]
Interest Rates Are Going Up! Before You Refinance……
I heard something quite shocking this week. Now I was expecting interest rate rises but not at the scale I was told this week Morgans Stockbroking have told their clients that they expect 9 rate rises. It gets worse. Because they expect 9 rate rises in the next 9 months. Crikey. Now we all know […]
Director Penalty Notices – Not Nice
As we all know the ATO became all warm and gooey during Covid. But a leopard cannot change it spots and so there is an expectation that the ATO is likely to return to its cold self. Small businesses owe a lot of debt to the ATO. Some estimate that $15Bn is overdue so we […]
