A one-off grant of $2000 will be paid to businesses that create a new full-time NSW-based job and maintain the increase for at least 12 months. For part-time positions, the grant will be pro-rated based on hours of employment. A business will receive the grant if all the following employment conditions are met: A person is employed in a position... Read more
Many of my clients belong to the wealthiest generation in history. Over almost thirty years I have served as their chartered accountant, sounding board and I’m proud to say their trusted advisor. For well-off individuals with a long history of managing the strategic and practical aspects of their financial affairs, there are some challenges to overcome to achieve a time... Read more
When you have found the right property and need a deposit to secure the purchase, a deposit guarantee may assist buyers whose funds are currently tied up. A deposit guarantee is a substitute for the cash deposit. The deposit guarantee is issued by a guarantor, for a fee based on its value and duration of cover. At the time of... Read more
Myth 1: Registration is a pre-requisite for copyright protection. Fact: Copyright arises automatically as soon as a ‘work’ is recorded in material form – you do not have to do anything to obtain copyright protection for a ‘work’ that you create. Myth 2: Copyright protection lasts forever. Fact: The duration of copyright protection depends on the type of ‘work’.... Read more
Now while loan rate are low is a great time to pay off as much as you can on your loan. Skipping coffees and bringing lunch from home may save you hundreds of dollars per year, but getting a better deal on your loan could save you thousands. Give me a call to discuss and I’ll be able to instantly... Read more
If you are over 55, you are able to access your superannuation while still working via a Transition to Retirement income stream, to reduce tax and boost your superannuation balance. This enables two options: Reduce your work hours and use your superannuation income stream to top-up your income, or Continue to work full-time, boost your superannuation balance while maintaining your... Read more
What is TPD Insurance? Total and Permanent Disability insurance pays out a lump sum in the event that you suffer a serious and significant disability that prevents you from ever working again. The leading causes of claims for TPD insurance are cancer and musculoskeletal conditions. There are two options for TPD cover; own occupation or any occupation. Own occupation cover... Read more
There are two professionals able to do conveyancing – lawyers and conveyancers. Licensed Conveyancers Licensed conveyancers are non-lawyers who have been licensed to perform a part of the legal work associated with a real estate transaction, so long as it does not go beyond “conveyancing work” as defined in the Conveyancers Licensing Act 2003. There are times when a licensed... Read more
There has been some confusing media commentary about the recent changes to FoFA (Future of Financial Advice) reforms. Contrary to reports that the duty to act in the best interests of clients has been watered down, it does in fact remain unchanged. The six steps to achieve this are: 1. Find out why the client is seeking advice; 2. Identify... Read more
We have been involved in countless sales and purchases of businesses over many years. The financial analysis and objective “on-paper” review of a business is relatively straight forward. In my experience, there are some non-financial issues that warrant as much or more attention when buying a business. Here I share some commonalities of business purchases that were set up for... Read more