Business owners can typically achieve a level of tax deductibility for the running costs of multiple cars. To do this, the owner must be operating with a company or trust structure. The company or trust makes a car available to the owner for private use. There is no limit to the number of cars that can be made available for this purpose.
Disabled children are treated as adults for tax purposes even if under age 18. This means that they can receive distributions of net income from family trusts and hybrid trusts. This income is taxed normally, rather than under the penalty tax arrangements that usually apply to the unearned income of minors. It can mean that the family pays much less tax.
One of the difficulties of saving is having your money constantly available. A new form of savings account can help you manage your own temptation. Read on and we will show you how.
Research shows that people are more interested in saving a large percentage on a cheap purchase than they are in saving a small percentage on an expensive purchase. This can lead them to waste both time and money, and can also be expensive when it comes to big ticket items like home loans.
In December 2017, the OECD released its biannual report on social security systems in its member countries. The latest report is sobering reading for Australian retirees - more than a quarter of whom are living below the poverty line. This article will help you ensure that your retirement is truly something to look forward to.
Entrepreneur Elon musk spent his first month in the United States living on $1 a day. He was 17 years old. Obviously, this discipline did wonders for his personal financial planning. Other people have taken on a similar challenge and report much the same thing. This article shows what we can learn from their experience.
Increasingly, parents are helping adult children buy property. This might be to assist younger person to get started in the market, or to help a person get back on their feet after something like a relationship ending. This article discusses one way in which parents and children might come own property.