Owning a family company comes with significant responsibility regarding how payments from the company to you or your family member are handled. Most payments from a company are considered as dividends in the recipient's hands, except the return of original…
From November 1, 2021, a Director ID is now required for all company directors in Australia. A Director ID is a unique 15-digit number that will stay with a company director for their lifetime. You must apply for a Director…
Carol* was in a state. She had just spent 1 hour and 40 minutes on the phone with Centrelink trying to assure them of her entitlement to JobSeeker Payment and finally had convinced the agent that she had registered several…
You may not have thought of this but like many of you not only am I a financial adviser, but I also operate a small business. Like most small business owners I spend a great deal of my working life…
With the end of financial year approaching, here are a few last minute reminders which might jog your memory, and give you the chance to take action before its all too late on Monday 1st July. If you want any…
Well not always. Photo by Brendan Church on Unsplash When I was a student (back before electricity) we learned much about Maslow's Hierarchy Of Needs as a mechanism to try to understand what makes people make decisions the way that they do. We…
A couple of weeks ago we ran out of water. Some of you may know that we live on a piece of paradise in the Southern Highlands which has only one disadvantage – no town water! Photo by Luis Tosta on Unsplash We…
Most days, I go for a walk along Wollongong's Blue Mile around lunchtime. As well as taking time out of the office to reset (which we might talk about in a future article), it also gives me pause to reflect…
In many service-based businesses, in the trades, in the professions, or in any business where the labour of a human is involved in the delivery of the service, there is often the notion that the person delivering the service is…
"What do you know?" I hear you say, "You don't know anything about my business." This is true of course, I don't know your business, but nearly every business that I have heard of or had anything to do with…