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4. Manage Your Borrowings Wisely
Borrowing to Invest. Borrowing, or gearing, can help you accelerate your wealth creation. It can allow you to buy assets such as an investment property, or shares that you may not be able to afford outright. By borrowing money to invest, […]
3. Own Your Own Home
How To Own Your Home Earlier One of the biggest financial commitments most of us will ever make is the mortgage on our home. So it is no surprise that the potential savings from adopting a smart mortgage strategy can […]
2. Invest the Difference in Good Quality Growth Assets
The Foundations of Successful Investing Establishing an investment portfolio can be likened to building a home. The most destructive, yet unpredictable predator to the structure of a home is the weather. Even in these most technically advanced days, we are […]
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1. Spend Less Than You Earn
How’s Your Budget – Surplus or Deficit? Each year in early May, the Treasurer delivers the Federal Budget and many people across Australia listen intently. The Budget tells us how the government plans to spend its revenue in the coming […]
Single Touch Payroll are you ready?
Single Touch Payroll is a reporting change for employers. Are you ready? It starts from 1 July 2018 for employers with 20 or more employees. You will report payments such as salaries and wages, pay as you go (PAYG) withholding […]
KEY PERSON INSURANCE: ARE YOU PREPARED?
Key Person Insurance, also known as Key Man Insurance, is an insurance policy that is taken out on the life of a key employee within a business. It works to protect businesses from losses should a key staff member (one […]
Want to start a small business?
You decided you want to take the plunge. It’s now or never. You want to start your own business. This decision will change your life both professionally and personally and will likely involve a significant financial commitment. The success of […]
ARE YOU A START-UP OR A SMALL BUSINESS?
You have a brilliant idea and you are convinced that it is going to be a real money maker. There is a gap in the market and your business is going to fill it. But, when talking to your friend […]
BUDGET PLANNING IN 5 SIMPLE STEPS
When was the last time you examined exactly where your dollars are going? Taking the time to review last months’ credit card statement can be enlightening. You may discover that most of the earnings left over after paying your basic […]
Estate planning essentials
Planning your estate is an important part of managing your financial affairs. It allows you to pass on your assets to intended people in your life while minimising adverse tax implications. When planning your estate, consider the following: Having a […]
Tax compliance and the sharing economy
The ATO is reminding those who work in the sharing economy to be aware of their tax obligations.The sharing economy connects buyers (users)and sellers (providers) through a facilitator who usually operates an app or a website. Some popular examples include […]
Treating Your Business Like An ATM?
Back before you were a business owner and you held down a regular job, with a wage, that wage would land in your bank account every payday, and then you’d do your best not to spend it all before the […]
Business Structure Considerations
Most business owners want to build a scalable business with strong brand recognition. Initially, their focus is firmly on product development in order to produce a useful and saleable product or service. In these early stages of development, implementing a […]
Fringe Benefit Tax
The Fringe Benefit Tax (FBT) is a tax that employers are required to pay if they have provided benefits to employees, or an associated party, as part of or in addition to a wage or salary package. The FBT year […]
Do You Know Your Numbers?
The team at Propel Business Group have been working together for over 20 years. During that time we have worked with hundreds of business owners to help them grow, adapt and succeed. After giving advice to such a vast number […]
Do You Own a Holiday Home?
The ATO is of the view that holiday home investors may be misinterpreting the rules regarding tax deductions for rental properties and, as a result, may be over-claiming on tax deductions for periods when a property is not being rented […]
Propel Want To Remind Purchasers Of New Residential Properties To Remit GST
We thought we’d remind you that as of 1 July 2018, purchasers of newly constructed residential properties or new subdivisions will be required to remit the GST directly to the ATO as part of the settlement. Under the current law (where the GST […]
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Basic Accountancy Terms
Accounting can be an intimidating and hard-to-understand industry if you’re not involved in it. Like many specialised fields, there are plenty of terms that can confuse those looking to seek financial advice, and this can make it challenging to find the solution […]