March 2010
You are browsing the archive for March 2010.
A view of the tax system
A client just forwarded the following parable to me. Have a read and please let me know your reactions in the comments below. The original author is unknown. Tax cuts in terms everyone can understand Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid [...]
Manage your business brand on Facebook
If you’re already in business you know the importance of building and managing your brand. And you’ve probably heard of Facebook and Twitter. But have you started to harness the power of these communities to interact with your customers, both current and prospective? You may be thinking that since you already have a website for your business you don’t need a Facebook page. Well in this article you’ll discover why it may be handy to have both plus get access to a free guide to setting up your Facebook business page.
Update your Will when your cheating husband is given marching orders
Question: My client is distraught. After finding out that her husband’s personal assistant was taking the ‘personal’ part of the job literally, they are now divorced. I am a Western Australian accountant that wants to protect my already fragile client. I hear that divorce invalidates a Will. Should she make a new Will? What happens if she fails to make a new Will? Read the article for the answer…
Investing between the flags
ASIC, the Australian regulator of most financial services, has published this introductory book called “Investing Between the Flags: A Practical Guide to Investing“. If you are absolutely brand new to planning your money and investing then this book may be useful in enlightening you of concepts that are essential to understand. In a sense it [...]
Protect your wellbeing from unemployment
The latest Australian Unity Wellbeing Index published today explores what we already know in our gut – that unemployment deeply affects our wellbeing. As the author of the Australian Unity Wellbeing Index, Professor Cummins from Deakin University notes: “[Unemployment] is devastating to the wellbeing of the people directly affected and also to the wellbeing of [...]
Make money from niches
Recently I’ve written a little about my belief in profiting from your passion and that now is a great time to be able to do that. If you’re early in your journey of exploring this possibility then you may be wondering “why is now a good time?” and “how can I make money from it?” [...]
Advice for a young professional
The March issue of the Australian Financial Review Smart Investor magazine included a feature of financial advice case studies of people across several generations. I was fortunate to be invited to submit my advice to Scott Gubbins, a member of Generation Y. You can read the case study here. (Courtesy AFR Smart Investor.) Scott’s scenario [...]
Protect your personal brand with your own domain name
Building your personal brand is essential to earning more whether you’re an employee or self-employed. If you haven’t heard that already then you will when you explore career and professional development, and I will be writing more articles about it too. (Check out “Crush It! Why now is the time to cash in on your [...]
Why now is the time to cash in on your passion
If you would love to be pursuing and profiting from your passion then I am excited to be sharing this book with you. I’ve just finished reading Crush It! by Gary Vaynercuk. Gary Vaynerchuk passionately believes that now is the time to be cashing in on your passion, and I wholeheartedly agree with him. In [...]
Comparison of business structures
When you decide to establish a business it is first essential that you choose to operate within the appropriate business structure. Should you choose a company, discretionary trust (family trust), unit trust or a combination? The answer will have a significant impact on the tax you pay and the protection of your assets. For an overview of [...]
Store your Will safely in the Will Bank
When a lawyer drafts your Will for you it is common that they will store the original and you receive a copy. One downside of that is keeping track of the lawyer’s current contact details. (I haven’t heard from the lawyer who drafted our Wills 5 years ago.) The Public Trustee in Western Australia provide [...]
Tragedy strikes around 20 percent of working families
Many people overlook personal insurance thinking tragedy will never happen to them. Then a friend or family experiences tragedy and they get a wake-up call. The latest research released yesterday by Lifewise/NATSEM reveals that it can and probably will happen to you at some time during your working life. More than one in five families will be impacted by an insurable event in their working lives.
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