Starting an NDIS Business in Newcastle: A Step-by-Step Guide Starting a business in the National Disability Insurance Scheme (NDIS) can be a rewarding and fulfilling way to provide support and services to individuals with disabilities. The NDIS is a government-funded program that provides funding for support and services to eligible individuals with a disability, helping […]
40 Tips for Tradies: How to Grow Your Business
Bootstrapping a business
What is Bootstrapping? Bootstrapping a business is when an entrepreneur uses their own money as start-up capital for their business. The term comes from the old saying ‘pull yourself up by your bootstraps’ and refers to getting something done yourself. This method of financing allows you to have 100% ownership of your business and not […]
Protect Yourself Through Superannuation
The attractiveness of superannuation as an investment and savings vehicle is well known. As we mentioned earlier, although the federal government places limits on the amount of tax-effective contributions we can make, the ability to structure insurance arrangements through super remains. HOW DOES INSURANCE THROUGH SUPER WORK? The types of insurances considered here are […]
Are you a new or existing contractor?
Are you a new or existing contractor? If you are a contractor you are responsible for running your own business, this includes having and ABN, insurance coverage, paying personal income tax and superannuation contributions. As a contractor or sole trader, you will also be responsible for declaring all income and expenses incurred during the financial […]
TPB to focus on PI Insurance
TPB to focus on PI Insurance The chairman of the TPB, Ian Taylor, has stated that the key focus of the TPB this year is to ensure that all registered agents are meeting their professional indemnity (PI) insurance obligations. This includes the requirement for registered agents to provide the TPB with policy details that are […]
What are the benefits of negative gearing?
What are the benefits of negative gearing? Positive gearing occurs when you receive more in rent from your tenants than what you pay on the likes of loan repayments, interest, property maintenance and rates. This tends to happen at times when rents are high due to strong demand and interest rates are low A negatively […]
Trauma insurance inside SMSF
Trauma insurance inside SMSF Trauma insurance inside SMSF is no longer available following new legislation that became effective on July 1 of 2014. Other forms of insurance such as Life Cover, Any Occupation TPD and Income Protection are still available through superannuation. Every working Australian has a one in three chance of becoming disabled for more […]
