A recent court decision upheld the Tax Commissioner view and reaffirmed the importance of the Sole Purpose Test for Self-Managed Superannuation Fund (SMSF) Trustees.
Understanding the Sole Purpose test is the single most important responsibility of a Trustee of an SMSF.Read More›
James and John Henderson have run the Colodan property since 2009. The property breeds beef cattle and does backgrounding on two other properties.
The Henderson’s have been in business since 1930, James is the 4th generation on the land. Since 2009 the Henderson’s have taken steps to create a more innovative and sustainable future.Read More›
This month’s monthly money challenge is a simple one, only spend money on essential items.
When it comes to daily spending it is often easy to get carried away. Going out for meals, purchasing magazines you never read or overestimating how many groceries you need and then throwing away those that have gone off.Read More›
February 16, 2018 by Powers Financial Group
In The Black published a recent article surrounding the reasons why Baby Boomers (1946 -1964) are reluctant to move from their family homes.
The truth is that Baby Boomers are not moving from their homes and in the housing crisis we currently see in Australia, this means trouble for the Government who need to assist in incentivising schemes to ensure that younger growing families are not locked out of the rising housing market.Read More›
Confucius said, “If you do what you love, you will never work a day in your life”.
Hobbies often form part of the jobs that people love doing. A large number of people have hobbies that they are passionate about, some are able to take the next step and pursue those passions, turning them into businesses.Read More›
January 23, 2018 by Charles Page