by kirstyb | Sep 1, 2022 | Finance, Small Business, Superannuation
“Success is about creating benefit for all and enjoying the process. If you focus on this and adopt this definition, success is yours” Kelly Kim. Forget about how much you earn, whether it’s as low as a dollar an hour or if you are lucky enough to earn $1,000 dollars...
by kirstyb | Sep 1, 2022 | Business, Business Support, Finance, Small Business, Tax & Accounting
A couple of months I wrote a blog about the importance of cashflow in business, the blog got a massive response, your emails and comments have inspired me to chat further about this, providing ways on how to improve cash flow. With some cashflow tips for the home as...
by kirstyb | May 3, 2022 | ATO, Finance, Interest Rates, Tax & Accounting, Tax Returns
Typically, you would expect that you would earn an income and grow your assets until you retire and then those assets would be depleted over your retirement, possibly with some left for your loved ones when you pass. One thing you need to include is insurance risks...
by kirstyb | Feb 21, 2022 | Finance, SMSF, Superannuation
General duties as an SMSF trustee Your duties and responsibilities of being an SMSF trustee are serious and shouldn’t be taken lightly. The penalties can be quite onerous if breaches occur. To know your general duties as an SMSF trustee is essential. Even though...
by kirstyb | Feb 16, 2022 | Finance, SMSF, Superannuation
Sole purpose test – What Does This Mean? Your SMSF needs to meet the sole purpose test to be eligible for the tax concessions normally available to super funds. This means your fund needs to be maintained for the sole purpose of providing retirement benefits to your...
by kirstyb | Feb 16, 2022 | Finance, SMSF, Superannuation
Your self-managed superannuation fund (SMSF) investment strategy Every SMSF must have an investment strategy. For the start of this new year, it is always good to look at what your investment goals are. What is an Investment Strategy? Your investment strategy...