Today’s retirees had planned for the future but many did not expect the low interest rates of current cash deposits.
The global financial crisis of 2008 spurred many retirees to move their
investments to cash and lock in rates. Now, three years later, many
retirees face term deposits with significantly lower cash rates that are
projected to fall even further in the coming year.
The last thing a retiree should do is to chase the next ‘hot’ asset in
hopes of rebuilding income. An experienced financial advisor can help
retirees invest for income through a diversified and balanced portfolio.
Read more here: http://retirementplanningperth.net.au/retirees-under-pressure-with-lowering-interest-rates/
Thursday 29 November 2012
Thursday 25 October 2012
Investing in Property using Your SMSF
Having full control over your
superannuation is only one advantage of self managed super funds.
Being able to borrow money through your
SMSF and investing in property is another one.
Having a mixed portfolio within your
superannuation is important and investment properties should be a
part of it.
Paul Baggetta has recently written an
excellent article which points out not only the possibilities of
property investment through your self managed super fund but also the
provisions and why you should discuss this with a professional
accountant that knows the ins and outs.
You can find the article here:
ATO targeting SMSF's
Self Managed Superannuation Funds are
becoming more and more popular. And that for a good reason.
Using a SMSF people can take control of
their retirement funds and even use it to invest in property.
With the growth of SMSF, the ATO is
about to target the funds trustees.
You can read more about this here:
Taking control of your Cash Flow
The term Cash Flow is used by so many
people these days, but do you really know what it means and why it is
so important to be in control of it (all the time!).
Most businesses that get into cash flow
trouble do so because they don't spend any time in managing it. Cash
flow statements are designed to forecast when and what you have to
pay and how much money you can expect to have available at that time.
To learn more about cash flow
management read this article written by Paul Baggetta:
Business Advice and why it is important
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Most small to medium business owners
think that getting business advice from a specialised accountant is
merely about the numbers.
It's not!
Sure, numbers play an important role
within the business but there are so many more things to look out
for. That's were professional advice can make the difference between
success and failure.
Other important areas include such
things as systems and procedures as well as staff stability.
For more information read the
following article: Business Advice is Not just about the Numbers
Tax Audits: How the Taxation Office uses Benchmarks
It's no secret that the ATO uses
benchmarks to check up on businesses to figure out if the business is
following their tax obligations.
Some of the benchmarks include: Rent to
turnover, material costs to turnover and costs of goods sold to
turnover.
The ATO will continue to add to list as
they have recently done by adding: GST free sales to total sales and
non-capital purchases to total sales.
To find out more read the following
article about the ATO's Use of benchmarks:
Boutique vs. Big Accounting Firms
Are you looking for a business
accounting firm for your small or medium business? Then you've
probably come to a point where you were not sure if it might be
better to hire one of the big boys or stay with a boutique but local
practice.
There is no definite answer to wether
the big ones are better or not. As so often in life: it depends!
Let's say your business turns over 30
or even 40 million dollars a year. In that case there is no doubt
that a big accounting firm might be more suitable for you than a
small one.
However, if your turnover is 10 million
or below than going with a small, boutique and local accountant will
have several advantages.
Paul Baggetta has written an
interesting article on that topic titled: Why boutique accounting firms can be better than the big boys.
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