We explain the difference between three commonly used pensions, including the government’s Age Pension, a transition to retirement pension, and an account-based (or allocated) pension, so you’re across how they work and what might be right for you.
It’s all your fault if you are going to go into business. Don’t look for excuses, don’t rely on anyone else but yourself and close family. You have to cover off on: 1. Operations 2. Human Resources 3. Innovation 4. Finance 5. Marketing That’s one person to cover off on all these areas that are […]
The Great Australian Nightmare -Episode 2…….Growing small businesses need very specific tax advice that requires a completely different way of thinking to save themselves tax/cash. DO NOT pay off your home loan and you’ll save thousands. I explain what you need to do in this strategy session.
The Killer and not the Killers I wanted to focus on in this rant. The Killer is the most passive aggressive infiltration of globalisation gone wrong and it’s only attacked by little lame ducks (scribes) like myself out here in small business land having virtually no influence. But, you gotta have a go, so here goes.
In Part 1 of the Great Australian Nightmare I alluded that those people growing a small business and creating at least $200,000 in family profit should NOT pay off their private home mortgage and instead invest the money into other growth assets. By doing this you can save upwards of 20% per annum via the correct tax structure.