Accountant City Beach Archives - Finness Advisory

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Don’t let TAX ruin your Great Australian Dream

First home buyers are increasingly turning to property investments as they are priced out of the homes they want to live in.

House prices have surged more than 20pc over the past year, CoreLogic data shows.

This brings up a very important topic around taxation.

5 WAYS TO MANAGE A CASH CRUNCH

A little while back we went through the one report I believe every business owner needs right now, which is known as a 13-week cash flow forecast.

The insights from this report will help you be decisive and allow you to act, giving your business every chance of meeting these challenges head-on.

Are you confident you have enough cash in your business for the next few months?

5 simple steps in setting up your self-managed super fund

Superannuation

Welcome to our final blog in our SMSF series! In part one we discussed the main things you need to know if you’re thinking about having an SMSF.

In part two, we outlined the top 7 mistakes we see in running an SMSF, and how to avoid them.

We close out the series by briefly outlining how you can go about setting up an SMSF.

Want a Self-Managed Super Fund?

Here’s part 1 of a 3 part series on what you need to know…

Self-managed super funds (SMSFs) are often a topic for discussion when there’s an asset boom like there is right now. Everyone feels like an investment hero when the tide is rising but you need to keep your wits about you, and SMSFs are no exception.

Pandemic DAY TRADING surges …but don’t give away your profits to the tax man!

The share market has risen 35% in the past 12 months so anyone who’s owned shares has enjoyed the meteoric rise.  The volatility in the market has brought out the day traders in droves.

Too many traders don’t consider the tax effects of their actions whilst at the same time bragging about the gross returns.  But those returns can be heavily impacted by the frictional costs of transactions and taxes.

Would you drive your car blindfolded?

How long would you last before you crashed whilst driving blindfolded? The answer is obviously not long. Even if you knew the road and drove it every day you’d still crash within a short distance.

Yet hundreds of thousands of small business owners run their business’s exactly like that because they have no optics on their financials. No optics, no direction, no destination!

Booming property, flatter shares and cash is no longer king!

You may have noticed that the share market has taken a breather in the past few days and property continues to rise.

Want to own property with your super?

Here’s five ‘must knows’ to owning property in super

Property price boom raises questions for investors

As we start to get used to double digit price growth in housing markets around Australia, it raises some questions for property investors about maximising deductions and minimising taxes. What better time to get yourself organised than at the beginning of the year and get yourself sorted with the right advice. Three of the most […]