In this year’s Federal Budget the Government announced changes to residential rental property deductions. The changes are intended to make rental properties less attractive to investors, freeing up housing for potential home owners. These changes do not apply to commercial residential rental properties.
Twenty years ago the first computer generated full length animated movie hit our cinemas. Toy Story took over four years to produce due to the limitations of the technology of the time. The computer generated scenes were placed on video tape and scootered through the halls to the film’s editors. Twenty years on, these scenes are now emailed to the editor instead.
Technology has evolved at a rapid pace over the last two decades and the impact is felt both at work and home. Due to the quick evolution of email, no rules or boundaries were set for its use, unlike the telephone. With the advancement of technology and easy access to a variety of technological devices, it is normal to be sending or receiving emails, messages or texts at all hours of the day and night.
By taking charge of your money and finances, you will ease financial stress, feeling more secure and in control.
Being aware of your incoming and outgoing funds and creating a clear and concise budget is beneficial in both the short and long term. Budgeting is something you should keep in the forefront of your mind.
Most entrepreneurs use business as a way to pursue their passions, whether it’s philanthropy, culture, sports or politics.
Sharon Osberg is the other way around.
Her passion is playing bridge, a card game for math whizzes. Her passion led her into a rarefied world most others would kill to be a part of. Her alternative approach to investment has solidified her position amongst some of the most influential and successful entrepreneurs of our time.
It seems the latest buzz words in the agricultural world are ‘sustainability’ and ‘social licence’. Achieving sustainability in farming and grazing systems is under constant scrutiny today due to the environmental aspects associated with the industry.
It is estimated that by 2050, our world population will have increased by an enormous amount. We will have to increase food production by some 70% from where it is now to feed everyone, however, there will also be a much higher demand for water and a lot less arable land available.
Owners of small businesses often feel marginalised, working long hours in the business and after hours doing the bookkeeping. This often leaves the small business owner short of time to review their business performance and plan strategically for the growth and profitability of their operation.
One of the easiest ways to quickly plan for the future is to compare your business with other businesses of your size or those slightly larger, better or more profitable.
As of 1 July 2017, all eligible individuals can now claim a tax deduction for personal contributions made to a superannuation fund.
Prior to 1 July 2017, only self-employed individuals and salary and wage earners meeting the 10% income test (less than 10% of income was from salary and wages) could claim a tax deduction for super contributions.
“Success is where preparation and opportunity meet” – Bobby Unser
As 30 June rolled around, many of you may have found yourselves thinking where did that financial year go? If you are a small business operator, you probably even asked yourself; did I achieve what I set out to achieve just 12 months ago?