Legal
Why is it important to discuss inheritance planning with your family
While most people write wills, very few families discuss inheritance. Parents avoid discussing inheritance planning with their children due to the subjectâs sensitivity. However, avoiding the conversation does more harm than good. For example, poor wealth management...[Read More]
5 Questions to Ask Yourself Before Buying Life Insurance
Like any other insurance policy, life insurance has many variations to meet different usersâ needs. Thus, before choosing one, you must determine what you need in a life insurance policy. The best way to determine the best policy is by evaluating your needs, premium...[Read More]
Communicating with a senior â 5 tips for meaningful conversations
Whether itâs your parents or grandparents who are living with you, providing aged care comes with its own set of challenges. As time passes, you may realise that communicating with a senior can get more difficult as they advance in age. Daily encounters can become...[Read More]
What you can do to protect yourself as scams evolve
In 2022, Australians fell victim to investment and cryptocurrency-related scams, losing $242.5 million (US$166 million). In the United Kingdom (UK), a total of over ÂŁ2.3 billion was lost in 2021 because of various scams, including online shopping, dating or romance...[Read More]
How to help your child with their first home
In todayâs economic climate, itâs increasingly common to help your child with their first home. In this article, weâre going to look at three options to help you do this. Why not take a look at the pros and cons of each and choose the one thatâs the best fit...[Read More]
Wills and Estates
The significance of choosing the appropriate structure to make the protection and maintenance of your assets possible cannot be overstated. This is necessary regardless of whether you have acquired your fortune on your own or through inheritance. In this instance, you...[Read More]
Financial management when we lose a loved one
Financial Management When a Loved One Dies Losing a loved one is probably one of the most stressful events one will ever go through in life. It will leave you feeling distraught and devastated, so sorting out their finances is the last thing youâd be concerned about....[Read More]
3 Tips to Maximise Your Age Pension
Over two million seniors rely on the Age Pension for retirement income, according to the Australian Institute of Health and Welfare (AIHW). Currently, you can start receiving the pension at age 66.5, but by the middle of 2023, youâll need to be 67 or older. Right...[Read More]
Critical considerations before setting up a board of directors
There are a couple of reasons youâd find it necessary to set up a board of directors in Australia. If yours is a publicly held company, regulators would require you to have a board of directors. Also, if youâre seeking funding from a venture capitalist or some...[Read More]
Family law â separation and divorce in Australia
No matter how sincere and pure peopleâs intentions are when they utter their marriage vows and say âI doâ, there comes a time in some marriages when the relationship irretrievably breaks down. In such cases, separation is usually inevitable and the couple could...[Read More]
Jobs summit in shadow of widening wage gap
Women’s economic security and an overhaul to the social service system must be prioritised by the federal government as the wage gap continues to widen, advocates say. On average, women’s full-time weekly earnings are almost $250 less than men’s, data...[Read More]
COVID-19 and fringe benefits tax
You may provide your employees with benefits you do not usually provide because of COVID-19. This includes paying for items that allow your employees to work from home. Fringe benefits tax (FBT)Â may apply if you provide benefits in addition to salary and wages....[Read More]
Australians living overseas
You should be aware of your tax and super obligations before you leave Australia. If you have already left, you can use ATO online services to do most tasks. When you leave Australia, you need to work out if you remain an Australian resident overseas. If you are unsure...[Read More]
Trusts â registering and reporting for tax
The trustee is responsible for managing the trust’s tax affairs, including registering the trust in the tax system, lodging trust tax returns and paying some tax liabilities. The beneficiaries include their share of the trust’s net income in their tax...[Read More]
From Employee to Business Owner â 5 Tips
Five ‘Must Dos’ for Employees Who Want to Become Business Owners Are you ready to make the jump from employee to business owner? While starting your own business can seem daunting, there are lots of things you can do to improve your chances of...[Read More]