Tag: assets and risks

Strategic Financial Advice

Trade war risks are escalating – but a negotiated solution remains most likely

The threat of a full-blown trade war has escalated in the last few weeks with the G7 meeting ending in disarray over US tariffs on imports of steel and aluminium from its allies and more importantly President Trump threatening tariffs on (so far at least) $US450bn of imports from China, and China threatening to retaliate.

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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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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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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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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

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

Investment bonds – an alternative to super

A number of changes came into effect on 1 July 2017 that limit the amount of money those saving for retirement can put into super. This includes new limits on concessional (or before tax) and non-concessional (or after tax) contributions.

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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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Strategic Financial Advice

2017 assets test changes – what you need to know

Changes to the assets test have come into effect as of 1 January 2017 and could impact anyone who qualifies for the age pension. If you are currently 65 years of age or more, you must undergo an income test and an assets test in order to determine whether you are eligible to receive an age pension payment from the Federal Government.

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Living Estate Planning

Business Owners: Are You Inadvertently Putting Your Family Home At Risk?

As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks.

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