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Australians who are buying or selling real estate are being urged to check the tax impacts or risk being slugged thousands of dollars.
There are capital gains tax and land tax timing issues that can affect people who hold multiple properties, and soaring house prices in the past two years have made its potential hit even more painful.
Read MoreSuper fund balances are set for another boost soon, but a vast majority of Australians are well behind where their nest egg should be to achieve a comfortable retirement.
Read MoreWhile it may be lacking the fireworks and champagne of New Year’s Eve, come 1 July the new financial year ushers in fresh opportunities for Australia’s small businesses. Along with the new calendar, there are often regulatory changes for you to manage or implement. And this year is no different, with updates coming to payroll in FY23.
Read MoreThe election results mean several key changes. The new Government have announced support for some of the previous Government’s policies whilst also announcing new policies that they intend to implement. On the attachment below we have summarised some of these key announcements and how these changes may impact you.
Read MoreBuying the dips has usually made sense. In the 14 years since the financial crisis, it has generally paid to assume that central banks or the government would ride to the rescue at the first sign of trouble in the markets. Don’t fight the Fed has been a profitable mantra.
Read MoreFringe benefits tax (FBT) is a little know tax but is very much in the ATO cross hairs, with a May 23 lodgement deadline looming for people not doing their tax paperwork with the assistance of a registered tax agent.
Read MoreGlobal markets descended further over the month of April as 'zero-COVID' lockdowns in China added to prolonged geopolitical risk pressures in Ukraine.
Read MoreSteps to address the risks caused by inflation are strongly advised, but to truly stand the test of time, leading companies are always looking at what opportunities a crisis presents.
The standard haphazard approach in the current environment is to trim costs – shave 5% here or 10% there in hopes of “getting by.” However, as we know, more nimble and agile competitors can and will come in and displace companies who operate under what financial guru Garret Gunderson calls the “scarcity mindset.”
The Gartner team compares economic turmoil like high inflation to an ice-skating rink or car-racing track.
In the context of this article, the turns represent inflation or general economic volatility.
Navigating these turns means thinking beyond basic cost cutting and price raising.
This current environment requires companies to look more strategically at cost versus benefit. Are there certain markets you need to exit? Or certain products that are just too much risk for too little reward? Like I explained earlier, anything that gives people more peace of mind could be considered tremendously valuable.
Read MoreInflation, interest rate increases and wage increases are currently a reality for all business owners in Australia.
Any one of these is enough to cause a significant amount of stress for a business owner, but there are options and ways to navigate these challenges.
Salt Financial Group has recently launched a specific service for business owners to sit down and discuss their business, its cashflow, its performance and how to minimise anxiety and maximise the benefits of being a business owner.
The service is tailored for each business and the unique challenges that the business or business owner may be facing.
In the meantime, the article below provides some tips and factors to consider.
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