With the festive season almost upon us,
does anyone have any tips on keep the X-mas spend under control?
Wednesday, November 30, 2011
Tuesday, October 4, 2011
Have your Debtors Blown out???
When talking to clients a common issue they are facing at the moment is a blow out in their Debtors or getting paid for the goods/service they have supplied.
We are then developing strategies that help combat this.
Let me tell you about one of the most stringent strategies I encountered just the other day. In order to have any work done I was required to complete a credit application form that was supported by a credit card. The night of the work being performed my credit card was charged. NO BLOW OUT THERE!!!
We are then developing strategies that help combat this.
Let me tell you about one of the most stringent strategies I encountered just the other day. In order to have any work done I was required to complete a credit application form that was supported by a credit card. The night of the work being performed my credit card was charged. NO BLOW OUT THERE!!!
Monday, September 19, 2011
IS YOUR WEALTH MANAGER SHOWING YOU THEIR RESULTS COMPARED TO A BENCHMARK
The next time your financial planner says they are doing a great job looking after your money, as they sold out at the perfect time and bought back in at the perfect time, don't take them at face value and ask them to prove it. To do this ask them to compare your result net of fees to the most relevant benchmark, do this for the current review period and the previous 12 and 36 months. You might be surprised at how exact their timing was or was not.
Wednesday, August 10, 2011
Reporting on Contractors in Building and Construction Industry
The ATO is watching and collecting more and more data on your business.
From the 1 July 2012 you will have to record any payments you make to a contractor who is providing building and construction services and report it to the ATO on an annual basis.
It will be interesting to see what the ramification are to both you and the contractor whey the ATO receive the report and see that a contractor is basically acting as an employee.
From the 1 July 2012 you will have to record any payments you make to a contractor who is providing building and construction services and report it to the ATO on an annual basis.
It will be interesting to see what the ramification are to both you and the contractor whey the ATO receive the report and see that a contractor is basically acting as an employee.
Tuesday, February 22, 2011
BEWARE THE DEATH TAX
Recently seen the death tax at play.
A big cheque written to he ATO that could have been avoided.
You need to be mindful of your circumstances and estate planning, you also have to consider super and where it fits into this.
If you are diagnosed with a terminal illness, or if you have parents that are unwell, be aware that if you can access the super monies you may be able to avoid any tax charged prior to being paid out.
Complex area consult experts.
A big cheque written to he ATO that could have been avoided.
You need to be mindful of your circumstances and estate planning, you also have to consider super and where it fits into this.
If you are diagnosed with a terminal illness, or if you have parents that are unwell, be aware that if you can access the super monies you may be able to avoid any tax charged prior to being paid out.
Complex area consult experts.
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