Is Money What You Really Want?
What do you really, really want in life? A massive home? Beachside house? A personal jet? A Lamborghini? Buying out an entire Jimmy Choo Shop? Swimming with Dolphins? Be President of the USA (but just for a day). These are just some of the things clients have told me they want in life during a […]
The Taxman is Watching. Don’t Give Him An Excuse to Pick You!
The tax office it seems has become obsessed with work related expenses. Usually we get emails, and notifications but this year they’ve gone crackers. They wheeled out Tim Loh, the assistant commissioner at the ATO who came out and started wagging a finger at us tax agents who complete tax returns. I thought I was […]
Want to Buy a Car or Need Equipment? What are Your Options?
So, everyone has told you that it makes sense to buy a car because it can be written off against tax. Many have told me they want to upgrade their fit outs or buy more equipment knowing that the taxman will allow you write this off. This has got many businesspeople in business very excited. […]
Home Loan – A Marathon of Payments!
How can I pay off my mortgage quicker? It’s a question I get asked a lot. Most people know that repaying home loans quicker is good for your bank balance. In theory, it makes sense. In practice? Not so easy. Or so people think. So, we spend 30 years or what I call a marathon […]
Superannuation is Going Up. Employers Will Pay! Obviously.
The Federal Government has a problem. They realise that people are living longer. And this means people need more money to keep themselves alive. The Federal Government also knows that most people do not have sufficient funds for retirement so if they live longer, it means more support will be required from Government pockets; otherwise, […]
It’s Not a Car! Or is It?
The pandemic did one thing. It exploded the sale of cars and utes. In fact, we went berserk and bought anything that had wheels attached. There was good reason for this. You see, the pandemic meant the Government needed you to go out and spend a wad of cash. And there is nothing that will […]
Super In Going Up – Get Ready!
The Federal Government has a problem. They realise that people are living longer. And this means people need more money to keep themselves alive. The Federal Government also know that most people do not have sufficient funds for retirement now so if they live longer, it means more support will be required from Government pockets […]
ATO Crackdown on SMSF
Anyone who has dealt with the ATO recently know that they have been very nice. All warm and gooey like a chocolate volcano you get from San Churro that my wife keeps going on about. It makes you feel good knowing the ATO is by your side with a comforting arm around you. Except that […]
Think Time – Try It – It Works
I enjoy think time. This is time I put away not thinking about anything but then ideas and things ‘pop in’ and I realize that was a great thought. This inevitably means I rush into the office super excited and cannot wait to tell my team my latest ingenious idea. And this inevitably results in […]
What Scares Us About Retirement?
As we get older, we start thinking about how much we need for retirement. Almost one-third of Aussies believe they’ll need more than $1 million to retire. In fact, according to a Cost of Living Survey, retirement is now one of the biggest financial pressures weighing on Australian minds. The survey, which ran in February […]
