by Financially Sorted | Nov 25, 2024 | Business, Economy, Small Business, Tax & Accounting
The holiday season can be a boom for small businesses, but it also brings cashflow challenges. With increased demand, you’ll need to manage expenses for inventory, staffing and more. Here are some key tips to help you maintain a healthy cashflow during this busy time....
by Financially Sorted | Nov 25, 2024 | Tax & Accounting
Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries when you are gone. When assets pass from a deceased individual to a...
by Financially Sorted | Nov 25, 2024 | Superannuation
If you are aged 55 years or older, the downsizer contribution rules enable you to contribute up to $300,000 from the proceeds of the sale of your home to your superannuation fund (eligibility criteria applies). In 2023-24, over 57% of people making a ‘downsizer’...
by Financially Sorted | Oct 28, 2024 | Small Business, Tax & Accounting
As the holiday season fast approaches, many small business owners are organising their Christmas parties to celebrate with their teams. While the festive spirit is in the air, have you considered the tax implications of your celebrations? Be aware, hosting a Christmas...
by Financially Sorted | Oct 28, 2024 | Economy, Interest Rates, Property Investment
Homeowners have been waiting with bated breath for 12 months now to see when the Reserve Bank of Australia (RBA) will cut interest rates which have been on hold since November 2023. Many hoped that a cash rate cut may come after the US Federal Reserve cut interest...
