Tag Archives: Finance

Understanding Interdependency and Financial Dependency

Dealing with what happens after someone passes away can be confusing, especially when figuring out who qualifies as someone who relied on the person or needed their financial help. Let’s break it down into two important categories: Interdependency and Financial Dependency. Being Close: The Interdependency Connection An interdependency relationship is like a close friendship, where … Continue reading Understanding Interdependency and Financial Dependency

Demystifying Superannuation Death Benefits

Introduction When planning for the future, understanding what happens to your superannuation (super) after you’re gone is crucial. Let’s break down the complex jargon into simple terms so you can make informed decisions about nominating beneficiaries. What happens to your super when you’re no longer around? Unlike your other assets, your super doesn’t automatically become … Continue reading Demystifying Superannuation Death Benefits

A Simple Guide to Tax-Deductible Contributions

Introduction: Making the most of your superannuation involves understanding how personal deductible contributions work. In this easy-to-follow blog, we’ll break down the basics, including who’s eligible, age rules, timing, and what happens after you decide to put money into your super. Eligibility Requirements: To claim a tax deduction for your super contributions, you need to: … Continue reading A Simple Guide to Tax-Deductible Contributions

Why You Need an SMSF Auditor for Your Super Fund

Introduction: If you have a Self-Managed Super Fund (SMSF), you need to appoint an approved SMSF auditor. It’s important, and we’ll explain why and how to pick the right one. Why Do You Need an SMSF Auditor? An SMSF auditor is like a financial detective. They check if your super fund is following the rules. … Continue reading Why You Need an SMSF Auditor for Your Super Fund

Mastering Cloud Accounting: 3 Tips to Boost Efficiency and Savings for Your Business

Introduction: Effective financial management is crucial for business success, but it shouldn’t consume all your time and resources. Thanks to modern cloud accounting solutions, you can streamline your accounting processes, save both time and money and gain better control over your finances. In this article, we’ll explore three essential tips to help your business thrive … Continue reading Mastering Cloud Accounting: 3 Tips to Boost Efficiency and Savings for Your Business