Most small businesses experience cash flow problems from time to time and urgently need working capital. Many business owners immediately think of the bank or loans when they’re short of money. But there are other resources you can tap before you ask for that expensive overdraft or overdraft extension. The money you need might already
Did you start working at a young age? Didn’t know about superannuation or tax? The Australian Taxation Office (ATO) is continuing to urge young working Australians to consolidate their multiple superannuation accounts in order to avoid wasting thousands of fees every year. According to the ATO, 45% of working Australians aged between 18 and 35
The Australian Taxation Office (ATO) has recently found that self-managed super fund (SMSF) trustees are being approached to invest in arrangements that breach the sole purpose test and therefore super laws. The ATO has warned that they are “closely scrutinising” this ongoing activity. Some individuals and organisations are promoting arrangements where funds from SMSF’s are
