1. What happened to the 30% 'Super Tax'?
In February 2023, the Federal Government announced a new tax for individual superannuation balances over $3 million. It was described as a 30% tax, but in fact was a second 15% tax on balances over $3 … Read more
Frequent Flyer points & the Business Owner (part 1)
Smart business owners may never need to fly economy again!
Business Owners have a unique opportunity… they can accumulate points to fly very cheaply… like a pre-tax & deductable cost of $3,471 (plus taxes) for a return Business Class … Read more
Give your Business a Will for Xmas!!!
A Will?… in spirit at least!
What would become of your business if you were no longer around? What would happen if this was to happen suddenly? What would your family do? Should the business be sold? Is it Investment Ready? Are … Read more
Tax Trap
1. Tax Trap ... whoops.
When a taxpayer borrows money for the purposes of acquiring an investment, such as a rental property, a business, a share portfolio or an income generating capital asset, the interest expense associated with the investment … Read more
