Retirement Planning: Investing for a Comfortable Future
Retirement might seem far off for some of you. Or something you keep putting off. But, the truth is that starting to plan early can make all the difference. And it does not need to be something that takes lots of time or stress from your side. At Finselect Group, we believe in […]
Manage Tax Debt with Refinancing: Reduce Stress and Take Control
Struggling with tax debt? Don’t do it alone… Refinancing your home, business and personal loans is an option many do not consider until it’s almost too late. But this can be a great solution to avoid the financial downward spiral. What you need to know about refinancing as a solution for mounting tax […]
Considering SMSF Property Investment? Weigh the Benefits and Risks
Thinking about SMSF property investment? 📈 Here’s a quick look at the benefits and risks to help you make an informed decision. Let’s start with the benefits (because there are plenty!) 🔐 Tax Advantages: Enjoy concessional tax rates on rental income and capital gains. 🔐 Control: Directly manage your super investments and […]
Tax Considerations for SMSF Property Investments
Investing in property through a Self-Managed Super Fund (SMSF) offers numerous benefits, but it’s crucial to understand the tax (and other) implications involved. Here are some key considerations for SMSF property investments (and for personal input to your SMS questions, message me direct). 🔍 Important Tax Points: ➡︎ Capital Gains Tax (CGT): SMSFs […]
Successfully Negotiating with the ATO: Insights and Best Practices
Negotiating a tax debt with the ATO can be daunting, but with the right approach, you can achieve favourable outcomes. Here are some insights and best practices to help you navigate these negotiations effectively. 📝Our 4 Key Strategies for Negotiating Tax Debt: ➡︎ Preparation is Key: Gather all relevant documentation and understand […]
Tax Debt in Australia: A Growing Concern
Tax debt in Australia is on the rise, with significant implications for businesses and individuals alike. As reported by ABC News in March, total collectable debt owed to the ATO soared to $52.4 billion by December 31, 2023, doubling from $26.4 billion in 2019. Small businesses shoulder a substantial burden, accounting for $34.1 billion, or […]
