Evaluate Your Financial Health and Secure Your Future. Most people overlook their financial health until it’s too late, but taking control today can set you on the path toward a secure and prosperous future. Financial well-being is about more than just saving money—it’s about making smart decisions with your investments, retirement planning, and protection against unforeseen […]
What is a Financial Adviser? A financial adviser helps individuals manage their finances by offering expert guidance on budgeting, saving, investing, and retirement planning. They work with you to create a personalized financial strategy that aligns with your goals and circumstances. Financial advisers are like personal coaches for your finances. They set clear, achievable financial […]
Introduction Wealth transfer from the baby boomer generation has begun, with home ownership being a significant catalyst. The rising cost of homes in Australia, coupled with the steady target cash rate of 4.35%, has led many parents to consider helping their children buy homes. However, before stepping into the role of the ‘Bank of Mum […]
Introduction The ATO has issued a warning on SMSF asset valuations about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO […]
Introduction In late 2023, thousands of Australians were notified about outstanding historical tax debts they never knew existed. This revelation has significant implications for individuals and businesses, particularly small and medium enterprises (SMEs). Historical Tax Debt and ATO’s Response In circumstances when a taxpayer is in serious hardship and unable to pay the ATO, the […]