fbpx

Financial Planning Tag

Successor Director Is Crucial To Your Business. Learn Why!

Many small to medium businesses are advised to have a family member as the operator (Director) of the business and risk-taker associated with the company whilst your partner or a family trust or similar hold all assets for the family. This commercial advice is based on...

This renovation tip can save you thousands

Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment. Claiming depreciation deductions on the assets installed during...

Family Business Succession Ep 7: The guidance of a family office to build future opportunity

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column width="2/3"][vc_column_text]This is the seventh and final podcast, in a series of seven, where we interview our very own expert (and Managing Director), Michael Fox. As you very well know by now, if you have been following our series,...

Family Business Succession Ep 6: Planting a seed beyond the family enterprise

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column width="2/3"][vc_column_text] This is the sixth blog, in a series of seven, where we talk about successful family businesses and, especially, when transitioning to the next generation. We talk, in-depth, with our resident family business expert, Michael Fox. As our...

Family Business Succession Ep 5: Unpacking family business succession by aligning values

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column width="2/3"][vc_column_text] This is the fifth blog, in a series of seven, where we talk about achieving succession and wealth for the next generation. In this interview with our Managing Director and resident family business expert, Michael Fox, he talks...

Understand how depreciation works with negative gearing

Negative gearing is a heavily debated topic throughout the property industry and is often in the headlines at election time. As one of the major drawcards to investing in property, investors must factor it into their ongoing strategy. Before exploring the negative gearing and depreciation relationship,...

Family Business Succession Ep 4: Keeping it together in a family enterprise

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column width="2/3"][vc_column_text] This is the fourth blog, in a series of seven, where we talk about the family enterprise and, in particular, successfully managing succession from one generation to the next. We interview our Managing Director and family business expert,...

Budget measures now law

A number of measures announced in the Federal Budget 2020–21 are now law. These are: •   Bringing forward the personal tax cuts and the new low income tax offset by two years to 2020–21 – new PAYG withholding schedules are available. •   Retaining the low and middle...

Federal Budget 2020: Budget Measures for Businesses

There are a number of measures in the Budget that impact nearly all businesses. Tax concessions for medium businesses A number of small business tax concessions will be extended to medium businesses, i.e. businesses whose annual aggregated turnover is $10 million or more but less than $50 million. ...

Federal Budget 2020: Measures for Individuals

Here are some of the Budget measures that will affect individuals. Low and middle-income earners – tax cuts As widely anticipated, the government will bring forward to the current tax year (2020–21) the tax cuts scheduled to apply for 2022–23 and 2023–24 (Stage 2 tax cuts). Those...