This insightful article is the third instalment of our limited five-part series that explores the unique financial landscape that is business ownership and financial security. Thus far we have delved into superannuation, diversification, risk management and funding options. Today we turn to building and growth structures, as well as succession planning.
This insightful article is the third instalment of our limited five-part series that explores the unique financial landscape that is business ownership and financial security. Thus far we have delved into superannuation and diversification, as well as risk management and funding options. Today we turn our attention to cash flow and tax management.
When planning for retirement, it’s crucial to determine how much money you’ll need to sustain your desired lifestyle and cover your expenses. This calculation involves various factors, including your current age, desired retirement age, life expectancy, expected inflation rate, investment returns, and whether you own your home or not. In this article, I will provide a concise overview of how to estimate the amount needed to retire, assuming you already own your home.
Welcome to part two of our special five-part series, which delves into the 10 factors you need to consider, as a business owner, when planning your financial future. In the initial instalment of this series, we discussed superannuation and diversification; today we look at the important issue of risk management and explore the various funding options available which can help support the growth of your business.
When over 60% of small businesses face financial challenges stemming from poor financial management practices, bad wealth management advice, overwhelming debts and other factors, how can you work towards ensuring the financial health of your business and your future?
Estate planning is a critical aspect of financial management, ensuring that assets are preserved and distributed according to one’s wishes after death. Among the broad option of estate planning tools available, a family trust stands out as a versatile and effective mechanism for safeguarding wealth and providing for future generations. Understanding how to utilise a family trust in estate planning is possible for individuals seeking to protect their legacy and provide for their loved ones. Here are a number of considerations for establishing a family trust for estate planning purposes:
