Our Financial Blog

  Let’s face it. Nothing is going to piss you off more than dumber people becoming wealthier than you, faster. That really sucks on many levels. Not just fairness. Or lazier people. Even if equally qualified people like you, are getting wealthier than you? Well,...

Before I show you some quick steps to generate passive income, let’s agree on one thing? Life is drama. Whether it’s your income just soaring (that will happen if it hasn’t yet in IT and other industries too). Or your wife leaving (hopefully, that won’t). Careers...

Accountants' biggest obsession.. with the smallest refunds.    Funny how most people are busy thinking about how to get a few dollars extra on a measly refund. Meanwhile, in the background, the government has mechanisms set up. Mechanisms that will take hundreds...

People's obsession with cars and taxes     The cars. Remember that song in Transformers. Drive? Megan Fox? Well, this post is unfortunately not about that. Taxes instead.     For some reason, people are obsessed with cars and what deductions are...

Bran-gelina's business got "restructured" proper.   Well, people change their minds all their time, right? Of course, we do. It's the human thing to do. Wives leave after 14 years. Even Brad and Angelina have “restructured”.   So, too, a company may opt to...

Some are sitting duck - target practice..   The ATO likes to zero in on some segments sometimes. When they do they are lethal. They are not staffed enough to watch everyone. So, the generic stuff is a bit of a crap shoot. But they can seek and destroy effectively...

Land Tax is going to hurt unless..   Land tax has people screaming murder. For good reason too. It’s pricey. A kick in the guts can’t feel good, right? Painful if not done right. Even you are all SMSF'ed up, with more tax planning than Packer? You never know....

  Tax deductions and general advice on cars   Batman once said, “Chicks dig the car”. For some reason, the ATO doesn’t though. But people are always trying to get something for their cars, in terms of deductions. Well, every year the ATO gives less and less....

  Exploring Director's Loans   The funny thing about director’s loans? Most times business owners don’t even know they are creating one. Many of those are simply the owner forgetting about tax and super obligations and so on. As a result, they raid the...