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Negative Gearing…What is happening?
- Negative gearing is a hugely popular strategy in Australia due to the associated tax benefits. - There is a lot of political chatter about changes to this as an election approaches. LABOR POLICY...
read moreLet’s set up a Charity!
This weekend, I am involved in the running of a community event; the Tingira Challenge. It’s a 15km race for paddlers from Rose Bay in and around south head; this includes surf skis, ocean skis, outriggers, SUP and other craft. Shark Island Paddlers run this...
read moreGetting Business Done
Networking events for small and medium size business owners can be a nightmare and a waste of time… I have found a solution, which is not easy though it provides results! Business Networking International (BNI) has been a revelation for my business to achieve...
read moreHappy Easter and enjoy the break!!
As far as I could tell Easter Holidays started on Thursday 24 March one day early as the roads, pubs and bars were empty on pre Easter Thursday! It seems to be that everyone is anxious for holidays and cannot wait to get out of town a day early, to get an extra days...
read moreEmployee Recruitment
You just do not know if a employee will be right for you and your business till they start and often that is months after they start… I have recently been through recruiting staff and it does not get any easier, I think most importantly you need to go through...
read moreProperty Investment and wasted space
The Labor Party seems to have rattled the Government with the release of its policy on taxation of property and it seems to be the first time under Malcolm Turnbull the Government seem a little uncomfortable… Proposed policy: Negative gearing will be...
read moreSuperannuation Changes affect us all
The current Government are talking about changes to Superannuation… Every Government in power considers changes to Super as there are some juicy tax concessions which if altered would provide the Treasury with substantial tax revenue; this flows into budget...
read moreDuty Abolished in NSW on Business Assets
Duty on the transfer of business assets or a declaration of trust over 'business assets' (other than land) will be abolished from 1 July 2016. This duty is a signifigant transaction cost and can prevent a transaction; see the below example. NSW is abolishing many...
read moreNSW Mortgage Duty Abolished
From 1 July 2016 mortgage duty will be abolished. NSW is abolishing many duties and charges to make the State a better and less complex jurisdiction to do business in. Most other States have already abolished similar duties and charges. Duties like this have long been...
read moreBorrowing in your SMSF?
There has been a growing trend of acquiring property (usually residential) in SMSF’s and limited recourse borrowing can in assist in the acquisition; this is a loan that is secured on a single asset (property), where the lender has no right of recovery against...
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