DFK Crosbie Blog
The decision between living debt free and having sufficient savings for retirement is often a difficult one.
There are benefits to allocating money to both your super and your mortgage. Take your personal circumstances into consideration with the following pros and cons of each:
To retire comfortably, you should be doing everything you can while still in the workforce to make sure your superannuation is as fruitful as possible.
Consider the following:
Consolidate super into one account
Super account fees can eat away at your super balance, especially if you have numerous
Paying super is compulsory for all employers, regardless of whether their staff are employed part-time, full-time or contracted.
With regular changes being introduced in regards to super contributions, it can become overwhelming for employers to remain compliant. Employers are required by law to pay all employees super, provided their... more
Travelling overseas for an extended period of time is an exciting adventure. What isn’t so exciting is the prospect of breaking compliance laws in relation to your SMSF while enjoying your trip.
There are specific conditions that must be met to deem the self-managed super fund ATO compliant. They are as follows:
There’s no better time than the new year to transform your office into an ecological, environmentally- friendly space.
While there are initial up-front costs of switching to green, the long-term savings will be substantial and you will also be reducing your carbon footprint which is great for everyone!
Consider implementing... more
Summer is usually the time when we are most motivated to improve our lives, whether it’s by losing those extra winter kilos or finishing that weekend renovation you started. So while you are reassessing and changing other areas of your life, why not look in to your financial health with a quick check-up?
Creating budgets and
Rental properties are an investment which are held by all types of entities and particularly common among individuals and trusts. The ATO has released a top ten list of tips for property investors.
1. Keep the right records
Keep evidence for all income and expenses. Additionally, keep all... more
The ATO is reminding those who work in the sharing economy to be aware of their tax obligations.
The sharing economy connects buyers (users) and sellers (providers) through a facilitator who usually operates an app or a website.
Some popular examples include Airbnb, Stayz, Uber, Deliveroo, Airtasker and so on.
It is... more
Knowing the value of your business is critical, especially nearing the end of the year. It allows you to enter the new year with an informed understanding of the business’ worth and potential.
There are numerous benefits of getting a business valuation, including the following: