Table of Contents   Amongst the many challenges that face small businesses, the threat of failure is often the biggest source of stress for Australia’s entrepreneurs and business owners.  The promise of financial independence, flexibility, and the opportunity to pursue a career in your passion is enough to lure the hundreds of thousands of business owners that make the leap each year. Sadly, most businesses won’t get the chance to make it this far.  Research suggests that approximately 60% of small businesses fail within the first three years, with this number even higher in c ..read more

Table of Contents   When it comes to financing a property, borrowers tend to focus on the size of their mortgage rather than the duration of the loan. However, this can be a mistake, with the length of your home loan equally influential in achieving your financial goals. While a 30-year loan is the most common option for homebuyers, the average mortgage duration is actually shorter than that. This is because borrowers have the option to make additional mortgage repayments and accelerate their path to financial freedom. For those who are looking to pay off their mortgage faster and reduc ..read more

Table of Contents   As accountants, the old saying "a penny saved is a penny earned" is one of our guiding principles, and it should be the same for every property investor. If you own an investment property in Australia, maximising the tax deductions you have available can make a big difference in the overall success of your venture. But whilst these deductions can keep your budget stable and your cash flow healthy, the rules surrounding them can be complicated. In this country, there are numerous incentives to encourage consumers to invest in the property market, especially for r ..read more

Table of Contents   As one of the millions of Australians paying down a mortgage, you understand the importance of making your money count.  The old saying "a penny saved is a penny earned" is particularly relevant when it comes to home ownership. Every tax deduction you make can make a big difference to your budget and cash flow when you're paying down this enormous expense.  In Australia, there are numerous incentives to encourage consumers to invest in property, especially for rental income purposes. So, in this article, we'll go through the tax deductions that you should b ..read more

Table of Contents   As the median sale price for houses in Melbourne tipped past $1.1 million in late 2021, the dream of owning a house faded for many aspiring homeowners and property investors. For many Australians, the current property market poses a major challenge as rising prices have made it increasingly difficult to find affordable housing, especially for those on tighter household budgets. As interest rates continue to rise, the borrowing power required for traditional property ownership has become even more constrained. As a consequence, investors seeking to enter the market ar ..read more

Table of Contents   The life of a sole trader is filled with ups and downs.  For many, what makes self-employment so appealing is the ability to be your own boss. Unfortunately, it also means earning an irregular income and greater challenges when purchasing your next home. But whilst applying for a home loan as a sole trader may be difficult, it’s certainly not impossible. With an understanding of where to search and how to prepare, sole traders can access a wide range of lenders and financial products that will help them achieve their property goals. How to prepare for a home lo ..read more

Table of Contents   Starting a hospitality business requires a combination of hands-on skills, a passion for working with people, and adequate funding to get off the ground. But ultimately, a key ingredient in your sustained success and profitability will also depend on having sound accounting practices in place to manage the financial and legal side of your business.  For the hard-working hospitality business owners out there, this article will give you the information and tips you’ll need to handle your accounting, achieve financial stability and maintain customer satisfaction ..read more

Table of Contents   E-commerce business owners enjoy greater freedom and flexibility compared to traditional brick-and-mortar shops and offices.  With no need to pay rent and the ability to fulfil orders from a warehouse or home, running a successful online store has become an increasingly appealing option for many young entrepreneurs and aspiring business owners. Due to the availability of low-cost start-up options and the many online selling platforms now available, Australia has experienced a significant increase in the number of e-commerce businesses operating online in recent ..read more

Table of Contents   Starting a new business is a dream come true for many aspiring entrepreneurs.  Being your own boss offers the potential for financial freedom and increased earning potential. However, it's important to keep in mind that the rewards of owning a business come with their own set of challenges.  In addition to the daily management of the business, there are also certain requirements that must be met in order to successfully launch your venture. If you’re starting a business in 2023, here’s your eight-step guide to make sure you’re setting up a foundation for su ..read more

Table of Contents   After a year of pain for borrowers, many Australians have anxiously entered 2023 with the prospect of further cash rate hikes threatening already thin household budgets. As of January, the cash rate target currently sits at 3.10%, the highest it has been in over a decade. Whilst the RBA spared mortgage holders from another increase this month, there is still a consensus among the big four banks that further hikes are on the way.  In this article, we’ll explore where interest rates are likely to go in 2023 and what this will mean for your mortgage. Since interes ..read more