This is the category for all wealth creation posts/articles.
2020-2021 Budget showing that Australians have experienced a year like no other. The COVID-19 pandemic has had a profound impact on Australia’s health system, community and economy, as it has all around the world. The Government has acted quickly and decisively to address the consequences of COVID-19. As a result, Australia has achieved some of […]
Rental property tax deductions can be confusing so we thought we would expel a few myths and clarify a few essentials when it comes to claiming your property expenses. Often, a rental property is expensive to maintain, especially if you have gaps between tenants. However, provided you purchased a solid property in a good or […]
New ID requirement for Corporate Trustees as new legislation passed this month has introduced a new identification process with which directors of an SMSF corporate trustee must now comply. The Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019, passed on 12 June, stipulates all directors of a registered body, including companies, a registered foreign […]
The Morrison Government’s Homebuilder program will drive economic activity by supporting jobs in the residential construction sector. The Homebuilder Grant program will provide all eligible owner-occupiers (not just first home buyers) with a grant of $25,000. This grant is to build a new home or substantially renovate an existing home from 4th June 2020 until […]
COVID-19 early release of super
Genuine Professional Service and Advice
MARKET WRAPS 9 APRIL 2020 Weekly Wrap The ASX rose for the second consecutive week, climbing 2.8% (Mon-Wed) after last week’s 4.7% rise. However, volatility is not expected to be over just yet. We look to the GFC for a textbook example of temporary rallies followed by further falls. In this week’s wrap, Jessica covers: […]
A self managed super fund(SMSF) is a superannuation trust structure that provides benefits to its members upon retirement. The main difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund. The difference between an SMSF and other types of funds is that the members of an SMSF […]
On 22 March 2020 the federal government announced that the minimum pension drawdown rates would be temporarily halved for the 2019/20 and 2020/21 financial years. This is due to many retirees losing a significant portion of their super account balance as sharemarkets have plunged due to the coronavirus crisis. This rule change assists retirees who […]
Being rich means different things to different people, however today we will discuss financially rich. We all want to be rich and there are many different ways to do it, some more common ways would be; Investments Trading Property Business Whether your just starting out or you just need some help to go the next […]
