Buying a property isn’t always a straightforward process, and one area that can cause confusion is the question of who is responsible for insuring it between the signing of the contract and settlement.
Motivationally speaking, there’s not much that beats a financial reward. It is generally accepted that business owners are the most driven to see their business succeed, however many companies are incentivising and rewarding staff by giving them a real stake in the enterprise through owning shares in the business.
Large numbers of Australians could find themselves struggling not only with emotional distress, but also with the financial challenges associated with the major life events, according to a recent report.
The days of a lax approach to valuations are over. While there is not always the need to employ a qualified independent valuer for each valuation, there are important circumstances where it is mandated, and others where it is recommended.
As in most developed countries, Australia’s population is ageing as a result of increasing life expectancy and sustained low fertility. This has resulted in a larger proportion of those aged 65 and over in the population and proportionally fewer children (under 15).
Every investor goes in with dreams of a pot of gold, but there is a fundamental difference between investor types – one looks to line their pockets with investment returns along the way, and the other has the patience to wait until the end of the rainbow to reap the rewards.
Business owners of private companies often borrow money from their own companies for all sorts of reasons. However, there is an area of the tax law that seeks to sanction against situations in which private companies dole out money to those within a business, in a form other than salary or dividends, which needs to be understood by business owners. This is known as Division 7A.
The home loan market is constantly changing, with new and attractive deals coming up all the time. Refinancing can help you secure a more competitive interest rate, access the equity in your home, add features (such as an offset account) or consolidate your debts, but there are some important questions to consider before you get the ball rolling.
It goes without saying that every parent wants the best for their children. For most if not all of us, this means we believe their education is a priority. But the cost of education is one of the greatest expenses a family will face and you need to be prepared.