If you’re not registered for GST, tax time is the perfect time to check your business turnover to see if you need to register.
Modern Monetary Theory – can it help with economic problems or is it just another Magic Money Tree?
A financial safety net through your super
Why and how to pay yourself super if you are self employed
Tips for claiming GST credits
Understand the insurance claims process
Estimate how much super you’ll have
Save for an emergency fund and be prepared for life’s surprises
Joe Biden on track to become US president – implications for investors and Australia
Create your money mindset: 5 steps for single women to be financially free…and secure
Understanding how your life experiences affect your relationship with money is the first step to taking control. Your money mindset is usually formed early in life; people either subconsciously repeat their parents’ attitudes, or do the exact opposite. Learning to recognise and work on changing your money mindset will help you achieve better financial results.
Spread your investments and lower your risk
Diversification is your best defence against a single investment failing or one asset class performing poorly (for example, the share market falling or one fund manager failing).
If you diversify your investments, when some fall in value, others may rise and balance out the fall. Diversification lowers your risk because, no matter what the economy does, some investments are likely to benefit.
Combine your super into one account to save
U.S. election: Three possible scenarios, and ways investors could play them
With the U.S. Presidential election now less than a week away, many investors are currently considering how the potential result could impact their portfolios. While, as our Chief Economist David Bassanese noted in his U.S. Presidential election preview, markets ultimately learn to live with whomever the U.S. president is, the note below looks at the three most plausible outcomes and some implementation ideas based on their investment implications.
Top tips for women to negotiate a pay rise
Rachel’s recent performance appraisal didn’t go as planned. A professional woman with many years’ industry experience, her KPI’s confirm that she adds significant value to her workplace, and her expertise is highly regarded by management and peers alike. But, to her dismay, her pay rise request was denied and she left the appraisal feeling disappointed and unappreciated.
Econosights: The impact of economic shocks on inflation
Ethical Investing: It’s your choice
The 18th-24th of October saw the debut of Ethical Clothing Week in Australia. This focus on ethically sourced and locally made textiles, clothing and footwear is particularly relevant as we emerge from Covid-19 lockdown. Supporting independent businesses will go a long way to help our local communities economically rebuild.
Get the most from your property investment
If you’re in the property business or thinking about investing in property there are things you should know, such as.
you need a clearance certificate from the supplier when buying property over $750,000
you may have to pay the GST on the sale of brand new residential property separately to us
income from property activities could increase your total business turnover.
Top negotiating tips to cut your bills now
Where do we stand with our finances since COVID hit?
With our new FPA Money & Life Tracker: Covid edition survey, we explored how Australians are going with their finances in 2020. Find out just how many Australians are feeling the effects of COVID on their income, savings and how they’re changing their behaviour as a result. Plus, we share three things you can be doing to stay on top of money matters during this uncertain time.
