Nominating beneficiaries for your superannuation fund or SMSF is essential for ensuring that your death benefits go to the individuals you wish to receive them.
How to nominate - children - parents - adults - partners - special conditions apply..
Learn - https://t.co/OxNV7bc2UT
It relieves lots of stress when we prepare ahead of time – yet we often put it off as it takes time and effort – especially when looking at ways to prepare for Trustee incapacity or death.
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Liability and debt are two financial terms that are often used interchangeably. However, they have distinct meanings and implications. Understanding the difference between the two is essential for ...
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The Actuaries Institute has used its response to the “Retirement Phase of Superannuation – Discussion Paper” to endorse the federal government’s shift in policy focus to give more attention to -
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There are 2 most popular financial statements known for a business―a profit & loss or income statement, a balance sheet or statement of position, and the third statement, here we learn how the cashflow statement works - more -
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Most small business owners are eager to learn how to effectively handle the growth of their businesses, as it presents both a challenge + potential for a lucrative payoff when they eventually sell the business. However, it is important to be cautious -
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The high level of older people operating SMSFs and the sums of money they oversee means financial advisers and auditors need to be aware of incapacity issues and make them part of - https://t.co/ViYURjLd7M
Getting known, or building awareness with your customers or businesses (your market) who you have a product or service for, involves marketing to them. Here are 8 steps to help build your success –
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There are certain rules that must be followed to ensure the SMSF super fund stays compliant, regarding what can your SMSF invest in -
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Many companies have liabilities, which are amounts that need to be paid off in the near or distant future, and these are categorized into Current and Non-Current liabilities in -
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The original “marketing mix” was first introduced by Harvard Uni’s Prof. of Marketing, James Culliton, in 1948. Over the years, this has expanded to the 7 P’s – Product, Price, Promotion, Place, People, Packaging, and Process.
Learn more about each here - https://t.co/KVnpq2T7cB
Understanding and effectively managing cash flow problems is crucial for businesses. The following checklist provides practical tips to address common cash flow challenges:
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What is In-Specie Transfer?
When we say “In Specie” transfer or contribution we refer to a way of moving an asset into a Self-Managed Super Fund by ownership without having to actually sell the asset for cash.
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I contributed $2000 of my personal funds to my business bank account and would like to understand how to document this owner loan in the financial records.
Eventually, I plan to repay myself the $2000
How To Loan To the business: follow these steps:
https://t.co/HyLeot8JEM