by Peter Ristevski | Mar 11, 2024 | Cashflow, How To, Small Business, Tax & Accounting
Managing money is crucial for any business to do well and keep going strong. But for construction and trade businesses, it’s even more critical. Why? Because they deal with some tricky situations. They might get paid in big chunks for projects, but they also have to...
by Peter Ristevski | Mar 11, 2024 | Discretionary Trusts, Family Trusts, Tax & Accounting
What is a Discretionary Trust? When you establish a discretionary trust, the trustee will legally own an asset(s) for the benefit of one or more other people. A discretionary trust can also be called a family trust if the members/ beneficiaries are part of your...
by Peter Ristevski | Feb 29, 2024 | ATO, How To, Small Business, Tax & Accounting
The Tax Office will begin applying penalties from the middle of next month where businesses have failed to lodge a Taxable Payments Annual Report (TPAR) from 2023. The ATO has warned businesses that pay contractors to provide certain services to lodge their taxable...
by Peter Ristevski | Feb 29, 2024 | Financial Planning, How To, Retirement Planning
As you approach the milestone of retirement, the question of financial security becomes increasingly paramount. With careful retirement planning and strategic decision-making, you can position yourself to retire richer and enjoy your golden years. What does it mean to...
by Peter Ristevski | Feb 25, 2024 | Depreciation, Investment Property, Property Investment Tips
Did you know that 70% of investors in Australia don’t buy a tax depreciation schedule for their investment properties? Depreciation schedules are one of the most effective but underused tools available to a property investor to maximise their returns. When you think...
