Tag: Asset Protection

Small Business Tax, Tax

Company Disaster

Companies are a disaster if you own a growing small business. They don’t get a 2nd Capital Gains Tax discount if they sell a business and they have the inflexibility of an old man in his first yoga class. You need your head read if you are stuck in one, but there is a way out of a company and into all the business and tax flexibility of a trust.

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Small Business Tax

Company Disaster

Companies are a disaster if you own a growing small business. They don’t get a 2nd Capital Gains Tax discount if they sell a business and they have the inflexibility of an old man in his first yoga class. You need your head read if you are stuck in one but there is a way […]

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Small Business Tax, Tax

Tax Planning Tips – 2018

Here are our top five tax planning tips for 2018. It’s early June now, and a perfect time to go over these tips.

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Property

CGT and the family home

CGT and the family home: Expats and foreign residents beware! The family home of foreign residents and expats may be taxed if legislation before Parliament is passed by the Senate.

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Lending & Finance

Treat your investment property like a business and your tenants like clients

It’s important to look after the tenants in your investment property – it encourages them to stay long term and take care of your property. So how can you keep your tenants happy? By treating your property like a business and your tenants like valued customers.

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Tax, The Great Australian Nightmare Series

THE GREAT AUSTRALIAN NIGHTMARE – Part 2

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.

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Small Business Tax Advice

Real Knowledge

Tax Champion will provide Real Knowledge for small business in easy to understand lingo. We implement all these tax saving strategies in our own 40 yr old family business. Tune in via a You Tube subscription and we’ll keep the Real info flowing. Now time to go and see the Pies eaten alive by the […]

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The Great Australian Nightmare Series

The Great Australian Nightmare – Episode 1

The Great Australian Nightmare is when a person with a growing small business decides to pay off their home loan and chase the Great Australian Dream. In most cases they are inadvertently paying 100’s and 1000’s too much in tax and there’s nothing sweet about that. They should be thinking the opposite. DON’T pay off […]

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Tax, The Great Australian Nightmare Series

THE GREAT AUSTRALIAN NIGHTMARE – Part 1

It’s known as the Great Australian Dream, owning your own home. For growing small businesses, owning your own home by aggressively paying home loan debt is the quickest way to lose money and the dumbest thing you can do.

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Small Business Tax Advice, Tax

SAFE INSURANCE OR A FUTURE STREET FIGHT – PART 2

Ok got that paranoid defensive argument documented, lets move on. So we left off in PI-1 with you putting in a claim for PI Insurance. The shiny salesperson who sold you the insurance has flicked your claim to a set of specialist lawyers. The Wolf has entered the story. 

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Small Business Tax Advice, Tax

Don’t make it your problem – DATA BREACH

You better be ready Mr or Mrs Business Person because New data breach rules come into effect from 22 February 2018. These rules place an onus on business to protect and notify individuals whose personal information is involved in a data breach that is likely to result in serious harm.

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Strategic Financial Advice

Who’ll inherit your family heirlooms, if not your kids?

If you’re a baby boomer, you may be considering passing down some of your treasured possessions to your children or grandchildren—especially if downsizing your home is on the horizon. If you’ve already made the assumption that they’ll be willing recipients, you could be in for a surprise.

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