The 2012 Federal Budget revealed tougher laws for superannuation from the start of next financial year, 1 July 2012. For over 50’s with an income of $300,000 or over, super will now be taxed at 30 per cent, rather than the current rate of 15 per cent. The proposed concessional contributors cap for those over […]
How do you know if your business is in strife? Insolvency specialists will tell you that business failures don’t show for months if not years after an economic downturn as business owners struggle to hang on. A business can go broke for many reasons but one consistent factor is the owner’s fail to recognise the […]
The Business Ladies completed their interclub matchplay at Parkwood over the weekend. Coolangatta Tweed went into the final round trailing by only half a point from Helensvale,and lying equal second with Southport. The ladies played against Beaudesert and with two matches won, and two matches lost, it was up to the final […]
What is the PPS register? You might have heard the advertising about the Personal Property Securities Act (PPS Act) and the national register that opened on 30 January 2012. But with a title like that it’s easy to think that the Act and the register are not something that the majority of us need to […]
The Australian Taxation Office has released information regarding their annual updates to small business benchmarking, with data from recent financial years. Small business benchmarks are key financial ratios developed to help business owners compare their performance against similar businesses in their industry and to help the ATO identify those that may not be reporting all […]
You are looking to buy a small business. You see something you are interested in: right industry, right location but is it the right price? In today’s market everyone is looking for a bargain. The difficulty in assessing the price of a small business is that there may not be many, ready comparisons available in […]
Estate planning is more than just having a will. It’s all about ensuring that a person’s estate is passed on to their beneficiaries in the most tax-effective and financially efficient way possible when they are gone. Getting advice on setting up an estate plan can help you to achieve peace of mind in knowing that […]
Well at least that’s what it looked like as the Oculus team boarded the Big Red London Bus to cruise the streets of the Gold Coast. The team quickly slipped into party mode while waving to passing onlookers. The bus ride allowed for plenty of time to sip champagne and enjoy a Thai entree, before […]
Superannuation has long been a regulatory nightmare. For many people, choosing between superannuation and property investment for the more effective wealth creation vehicle can be a confusing experience. Over the last five years, changes have been made to simplify superannuation rules, offering some very generous bonus conditions for workers. One of these changes included the […]
If your SMSF has borrowed money (or thinking of borrowing money) to acquire ‘bricks and mortar’ property then there are a few things you need to know. A new ATO ruling released recently helps to clarify what you can and can’t do with property that is under a limited recourse borrowing arrangement (LRBA). The ruling […]
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