Many readers will be familiar with a popular superannuation strategy referred to as ‘transition to retirement’, however some are questioning whether the transition to retirement is still a viable strategy.
For anyone who grew up in the 1950’s, 60’s or 70’s, life was pretty good. Certainly, there were some folk who did it tough but for the majority, we had a roof over our heads, reasonable clothes to wear and food to eat.
The ATO are cracking down on the sale of ‘new’ residential premises. One of the main determinates is the intention of the original purchase - either for investment or development.
I’ve just been speaking with a client about insurance and they couldn’t see the importance of having Income Protection Insurance - even though it is tax deductible! Let’s go back to the conversation we had in the meeting
An IAS is an instalment towards your following years tax – this could be for you as an individual or your business. This is a separate statement and DOES NOT have an extension option like the BAS.
Why should a small business owner need to rely on professional external bookkeeping support, rather than doing it themselves or considering a cheaper alternative to save money?
