In this tough economic climate are you taking the right steps to ensure your business will continue to grow? Standards and Poors has downgraded America’s AAA credit rating, local and international markets are volatile and easily spooked, interest rates continue to rise, the carbon tax is coming, consumer sentiment remains tight and no one is […]
The answer is the earlier the better. Change comes with a cost. You can be exposed to capital gains tax and stamp duty, and this can be expensive and a distraction from the main focus of your business growth. If you have a very clear vision for your business and it is going to grow […]
Our tips to help your retirement plans become reality: adhere to a regular savings plan, make regular and additional superannuation contributions talk to your financial adviser about taking advantage of any tax concessions or government entitlements available to you (eg. income tax deductions, spouse contribution tax offsets, concessions on investment earnings) work with your financial […]
It’s a bold claim to be the world’s best accountant but one we’re keen to discuss here at Oculus Group! You see, it’s such an arbitrary term for an accountant to be described as the world’s best. Sure, we strive to be the best possible accountants and we stand 100% behind the service and advice […]
Creating a successful and profitable business relies heavily on the employees you hire. As such, it is essential you respect and acknowledge every member of your small business team, especially for their individual differences. Ultimately, your performance and management skills will determine whether your business will thrive. YOUR ATTITUDE Small business owners should always have […]
In the new financial year, many Self Managed super funds will try to expand the diversity of their investment strategies. Including a residential property in a fund’s portfolio is beginning to be a popular choice. There are rules that the trustees should be aware of. Most importantly, a fund cannot buy a residential property owned […]
Knowing what assets your Self Managed Superannuation Fund (SMSF) can own is an important part of being a fund trustee. You should also know what assets your fund can acquire from you or related parties. THE NEW RULES. New rules recently introduced may give more scope for your SMSF to borrow funds to acquire these […]
Is your business part of the conversation? As the use of social media amongst consumers explodes (even one of our 70 year old clients is on Facebook), businesses everywhere have tried to figure out how to capitalise on this phenomenon. 9 MILLION AHEAD. Some have been very successful, case in point – Dell. In the […]
One common tip around the end of year tax time is to transfer assets from outside super into a Self-Managed Super Fund (SMSF). Those who own business real property or shares listed on ASX have the option of moving them into their SMSF. This is a useful strategy to move the rental income from individuals […]
Superannuation If not yet retired, earnings on superannuation investments are taxed at 15%. It is worth considering making super contributions as part of your tax strategy. Not only will you be saving tax you will also be saving for your retirement. Salary sacrifice contributions If your marginal tax rate exceeds fifteen percent, making contributions to […]
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