A recent rise in unlicensed advisers offering to assist SMSF trustees to invest in cryptocurrency assets has prompted the ATO to advise caution among trustees and recommend seeking advice only from licensed financial advisers. Acting on advice from unlicensed advisers means the usual consumer protections and access to the Australian Financial Complaints Authority will not…
The ATO will target SMSFs that fail to lodge annual returns or ignore ATO reminders with a targeted compliance campaign.
While it’s common for business owners to spend considerable time and effort focusing on business strategies for ongoing viability, it’s also important to make a dedicated effort towards building and protecting your own personal wealth.
If you’re dissatisfied with your industry or retail fund or it’s just time to re-evaluate your superannuation strategy, you might be considering a self-managed super fund (SMSF). While a SMSF may offer greater control of your retirement savings and more flexibility when it comes to investment options – including property – they also come with…
As a business owner, it’s likely you have spent many years building a solid business, but perhaps you have shown less discipline when it comes to paying yourself a regular salary, contributing to super and investing for your future. If you are considering building personal wealth for your life beyond business ownership, we can help.…
Your dream of flexible hours and time with family may be a distant memory now that the realities of being a business owner have taken over. If you haven’t addressed issues affecting your business for a while or you just know it’s time to seek out proactive advice that extends beyond legal obligations, the beginning…
The very nature of being a business owner or director puts you in a position of risk, and without advice, your personal (and business) assets could be at risk. Even if you have a Company business structure or other entities such as trusts in place, as a director you can still be subject to personal…
There is a worrying trend when it comes to Australian business owners planning for their retirement and personal financial future beyond life as a business owner.
If you have a niggling feeling that your business set up may not be in your best financial interests, it’s probably time to review your structure.
Business owners commonly pay more tax than they need to. One small mistake can lead to BIG tax consequences for your business, yet all it takes is a little planning to avoid paying more than you should.