Transferring a business property into a Self-Managed Super Fund (SMSF) can be a strategic move, but it requires careful consideration of both the benefits and potential drawbacks. Here were explore the advantages and disadvantages that can help you decide if this is the path you want to take.Advantages of Transferring Business Property into an SMSFTax … Continued
Whether setting up a Self-Managed Super Fund (SMSF) is worthwhile depends on several factors, including your financial situation, investment goals, and ability to manage the fund effectively. Here are some key points to consider:Advantages of Setting Up an SMSFInvestment Control and Flexibility:SMSFs offer a wide range of investment options, including direct property, international shares, and … Continued
Running a small business in Australia comes with its fair share of challenges. Between managing employees, serving customers, and staying compliant with tax regulations, business owners have a lot on their plate. One of the most effective ways to streamline operations and improve efficiency is by investing in accounting software.Gone are the days of manual … Continued
As a tradie, you likely started your business as a sole trader—simple, cost-effective, and easy to manage. But as your business grows, so do your responsibilities, risks, and opportunities. The structure that once served you well might now be limiting your growth, exposing you to unnecessary risks, or costing you more than it should.So, how … Continued