Financial planners divide debt into two types: deductible debt and non-deductible debt. Deductible debt lets the borrower claim a tax deduction for the interest incurred on the debt. Non-deductible debt does not. Whether interest is deductible or not can have a massive impact on how expensive that debt actually is. When interest is not deductible, … Continue Reading
Most business owners eat at least one meal a day in the office or factory. So here is some good news: if you run your business through a company or trust, then the food you eat at work is probably tax deductible. Some background Usually, meals are a private expense. And usually, there is no … Continue Reading
Sometimes people really do win the lottery. But here is a story of someone who won the lottery twice. We recently came across a genuine good news story. A woman just approaching aged pension age won a substantial amount in a national lottery. She needed the money! Before the win, she was living on the … Continue Reading
This week, we want to talk to you about what may turn out to be the most significant investment you could ever make. It is your own business. You may be surprised to hear that most financial planners are actually prevented from advising clients about their own business. Their licencee (the person under whose authority … Continue Reading
Christmas is coming and you probably know someone who is really hard to buy a present for. You might be tempted to buy them a gift voucher. Can we suggest you think again? Unfortunately, gift vouchers are generally a really bad idea. We know, we know – we sound like the Grinch. But let us … Continue Reading
Let us be honest… You are now in the best position you will ever be to build up your wealth, you are what everyone refers to as DINKs. (If you feel a hint of jealousy in their tone… it’s not your imagination). This is the best time for you to set yourself up and give … Continue Reading
