Single Touch Payroll will change the way you report your tax and super
Learn the reasons you should start organising information for next year's tax returns, and how that can save you money.
Too busy to get your business systems in order? These financial clean-up tasks will benefit your business, any time of the year!
A big boost in sales seems like a dream come true, but there can be a cash-flow sting in the tail. Here’s how to manage increased sales growth like a pro.
Discover how why our unique 5 step process is important and how it can help you and your business succeed.
Superannuation can be one of the most effective ways to build you retirement nest egg. There are a range of strategies you can consider to boost your super savings.
With a self-managed superannuation fund viewed by some as a status symbol, an increasing number of Gen Ys (those born from the early 1980s to the early 2000s), are exploring the idea of running their own retirement fund. But is this really a good choice given they will need to lock their money away for decades?
Before you start spending, there are a few things you need to know....
Is your work and life in balance?
As a business owner, work-life balance is very important but can be difficult to achieve. These tips can help you find a balance between your business life and your personal life, plus help you be happy and successful.
Living without a budget is similar to traveling across the country without a roadmap. While both can be accomplished, the result is usually expensive and wasteful. The household budget lists every anticipated expense in major categories that can be directly tied to actual expenditures.
Do you have a website for your business? You may be able to claim some of the assorted costs associated with designing and hosting it.
On 18 February 2015, Treasury released exposure draft regulations as part of the legislative reforms introduced by the Government on 4 December. The regulations continue the process started by the Government’s that addresses inadvertent breaches of the contribution caps where the error would result in a disproportionate penalty.
If you want your business to work smarter and faster, cloud accounting software is a wise investment. Working in the cloud will give you a better overview of your finances, and improve collaboration with your team.
Let the Prosperity team show you how to save tax on your home loan (and get the BEST interest rate)
The term family trust refers to a discretionary trust set up to hold a family's assets or to conduct a family business. Generally, they are established for asset protection or tax purposes.
SuperStream is a government reform designed to improve the efficiency with which money and data flows around the superannuation system.
Property is the most trusted asset class for Australians, yet only around 3.5% of all SMSF investment is in residential property according to the latest ABS report.
Overall the quality of life for Australians has done nothing but increase for the last 50 years. This paradigm is shifting.
To understand why growth slows or stagnates in any business, we first need to look at how a typical business evolves and why the frustration starts to mount as this growth slows. We call this the ‘Growth Roller-Coaster’.
What are the tax consequences of sub-dividing your block?
Buying a home is the biggest purchase most of us make in our lives. So big, in fact, that most of us have to borrow some or all of the money to buy our home. The benefit of borrowing is that we can stop wasting money on rent, and we can start enjoying our home straight away.
With the Reserve Bank of Australia (RBA) cash rate at record lows, a number of banks have entered into the fixed rate battle with some very attractive loan packages.
Reducing costs in your small business and creating processes that cost you less doesn’t need to take a lot of time or effort. In many cases, it’s about making smarter choices when deciding the most effective use of your small business dollars.