Asset Planning

Your Income is Your Number One Asset

Your Income is Your Number One Asset

When starting out in small business, you have to take 100 per cent responsibility for the income you’re going to generate. That means you need a defensive strategy in place for your income.

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The Fall Guy

The Fall Guy

We want nothing of any value in the fall guy’s name. Absolutely nothing! It’s not a perfect world. Bad things sometimes happen to good people. So if a business falls over the fall guy can go with it but hard earned assets built along the journey MUST be fully protected.

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( Posted in: Tax )

2017 assets test changes - what you need to know

2017 assets test changes - what you need to know

Changes to the assets test have come into effect as of 1 January 2017 and could impact anyone who qualifies for the age pension. If you are currently 65 years of age or more, you must undergo an income test and an assets test in order to determine whether you are eligible to receive an age pension payment from the Federal Government.

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