Capital Gains Concessions Tax for Small Business
If you’re in business, then you will know tax is a way of life. Aside from income tax business owners also need to consider the consequences of the profit they make from selling assets they own. It is commonly referred to as Capital Gains Tax, even by the ATO, but in fact this description is slightly misleading. There is no separate tax on capital profits as they are taxed the same as income. Where there is a difference between normal trading income and the realization of a profit on an asset is in the tax concessions that are available.
Retirement Income Sources
Retirement is potentially one of the most exciting times of your life. At long last you can put your feet up after decades of hard work and enjoy the fruits of your many years of effort. Now is the time to be travelling the world, working in the garden or spending hours with the grandkids – or so you thought.
Income Protection Insurance Advice
Nobody likes to imagine the worst – a situation where you become ill or injured and are no longer able to work. If you’re self-employed your income will be almost entirely dependent on your ability to turn up at work each day. If something happens that makes this no longer possible you have a problem.
Smart Ways to Use your Credit Card
Having a credit card can be a liberating feeling, especially if you’re new to the world of using consumer debt. It also comes with great responsibility, including the obligation to pay the credit card provider back.
How to Buy and Sell Shares
It’s the biggest game in town. Trading on the world’s stock markets is a daily industry worth billions of dollars. It is the fuel that drives capitalism and is one of the most commonly used forms of investment for everyone from billionaires to pensioners.
How to deal with redundancy
Losing your job is tough to deal with. Not only are you faced with a loss of income – which brings with it fear and uncertainty – but it can also lead to a loss of confidence in your ability to perform in the workplace. It’s easy to assume your skills are no longer valued, but it’s also important to understand that redundancy can often be due to circumstances outside your control – and can have nothing to do with your ability to perform your job. Many a good worker has lost their job and you are no exception.
10 Simple Ways to Save Money
Whether you’re saving to buy something special or putting money aside for your retirement, most people are saving for something in their life. There is plenty of literature and advice on saving but the act of doing it always seems to raise more challenges than many can handle.
Downsizing the Family Home
The kids have gone and you find yourself kicking around in a family home that requires more time and effort than you want to spend. Many rooms never get used and the swimming pool has turned a permanent shade of green. It may be time to consider downsizing.
Credit Card Debt Advice
Friend or foe? Your credit card can provide you with access to many of the best things in life – holidays, shopping sprees, fancy restaurants to name but a few. The post event hangover however can leave you wondering whether the pleasure was all worth it.
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