The Victorian Government’s $371 million Business Costs Assistance Program Round Two will assist eligible small to medium businesses most affected by...
Business Costs Assistance Program – June 2021
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BINDING FINANCIAL AGREEMENT PROS AND CONS
A binding financial agreement could be beneficial to partners with many solely owned assets. A binding financial agreement is similar to a...
Car Expenses
What’s under the bonnet? If you use your own car for work purposes (this may be a car you own, lease or hire under a hire-purchase agreement), you...
Winding Up Your SMSF
Towards retirement, individuals may consider switching from their self-managed super fund (SMSF) to a different type of super fund. There are 2 key...
Travel Expenses – What You Need To Know Before You Go
Travel expenses include: Transport expenses are deductible when you travel in the course of performing your duties. This includes the cost of...
Choosing The Right Income Protection Policy
Income protection pays part of your income so that you can focus on getting better rather than trying to make ends meet. Each company can define...
Doctor, Specialist or Other Medical Professional
If you’re a Doctor, specialist or other medical professional, it pays to learn what you can claim at tax time To claim a deduction for work related...
Why You Should Not Assess Risk Yourself
The importance of diversifying your portfolio is constantly reiterated, but how do you determine how to diversify? Portfolios should have low-risk...
Introduction to Discretionary Trust
A discretionary trust is also known as a family trust. This is significant because the beneficiaries are all, or predominantly, members of the same family. The name ‘discretionary trust’ is derived from the role performed by the trustee.
Risks and Benefits of Creating a Joint Account
Joint accounts can make it easier to manage shared expenses, but sharing access to your money can be risky.BENEFITS A shared account will make it...