If you are a business, sole trader or not-for-profit organisation in NSW and have been impacted by the recent COVID-19 wave, you may be eligible for the 2022 Small Business Support Program payment.

In an effort to reduce the burden of reporting for charities, the Australian Charities and Not-for-Profits Commission (ACNC) has introduced new thresholds for financial reporting. This update means that for some charities, the requirement to produce a financial report is no longer applicable, and for others that the financial report may be subject to a review instead of an audit.

The new year has officially begun, we’re back to work and settling into the routine again. Regardless of your current situation or goals - whether you’re accumulating wealth, ditching debt, starting your first job or planning for retirement - let’s start the year right with a healthy mindset towards money and finance.

If you’re just starting out on your financial journey, perhaps you have started your first job and you want to make the most of your income and reduce debt, such as a HECS debt or personal loan.

If you are considering being the trustee of your own superannuation fund via a self-managed superannuation fund (SMSF) you will be responsible for the ongoing management of the fund. This involves making investment decisions and ensuring the fund complies with relevant legislation.

Like us, some of our clients are small to medium sized business owners. They enjoy the freedom of running their own business, being their own boss and building relationships with their clients who value the service they provide. With hard work and careful planning, self-employment can bring financial and lifestyle rewards. But without the certainty of a regular income, being a small business owner requires support so you can grow and prosper.

Seeking financial advice can help you to create a tailored wealth protection strategy that is appropriate for you. There are different options for holding wealth protection cover inside and outside of super so it does not need to make a big impact on your personal budget.

At this point in your life, your priorities may be changing, but you still want to build wealth. Perhaps you are on a reasonable income and you want advice on ways in which to grow and protect your money. As professional financial advisers, we can help.

If you are in the 45 – 55 age bracket you might be at a point in your life where your income is getting higher, but your commitments and expenses are also greater. You might also be starting to plan for your future financial security.  We can work with you to make the most of your investments and super to build towards your retirement whilst still affording your commitments and protecting your family.

A successful retirement means different things to different people. Some of us look forward to spending quality time with loved ones, travelling the world, volunteering or taking up a hobby. No matter what retirement looks like to you, it should be a time of enjoyment, not financial stress.