Applying for a loan can be a valuable step toward achieving financial goals, whether it’s buying a home, starting a business, or consolidating debt. However, the process isn’t without risks. Understanding these risks can help you make informed decisions and avoid potential pitfalls. 1. Credit Score Impacts Every time you apply for a loan, the lender performs a "hard inquiry" on your credit file. While this is a normal part of the process, too many
Read moreHelping the kids- Without derailing your retirement plans As parents, the instinct to support our children never truly fades, even when they become adults, but when you are looking at giving them a financial helping hand, there is a bit to consider. It’s important to ensure any support you provide is not at the expense of your financial future. It can also be tricky knowing what form your support should take, in order to maximise
Read moreThe festive season is a time of joy and celebration but, for some, it can also lead to a financial hangover in the New Year. Overspending on gifts, parties, and decorations can quickly add-up, leaving us with unwanted debt in the New Year. In 2022, Australians spent more than $66.7 billion during in the pre-Christmas sales in preparation for the festive season. The rising cost of goods and services mean that even though many are
Read moreAs we approach the end of 2024, we want to take a moment to thank you for your trust and support throughout the year. It’s been an exciting and rewarding year for all of us at Holzworth Partners, and we’re proud to share some of our highlights with you: Year in Review A Prestigious Recognition: Jane Purnell was honoured as the Queensland Institute of Public Accountants Member of the Year. This achievement reflects our commitment
Read moreNegative gearing is a term commonly associated with property investment in Australia. It refers to the practice of borrowing money to purchase an investment property where the costs of owning that property—such as mortgage interest, maintenance, property management fees, and other expenses—are higher than the income generated from rent. This loss can be offset against the investor’s taxable income, reducing the amount of tax they are required to pay. Essentially, it allows property investors to
Read morePersonal Bookkeeping Managing your finances can be challenging, especially when juggling multiple investments, properties, or a busy schedule. Our personal bookkeeping services are designed to provide clarity and structure to your financial management, ensuring you stay organised and in control. Here’s an overview of how we can help: Our Process Consultation We begin by getting to know you and your financial plans. Whether you’re focusing on cash flow, investments, debt management, or saving for a
Read moreAs the digital world becomes an integral part of our daily lives, it’s more important than ever to stay vigilant about protecting your personal and financial information online. With October being Cyber Security Awareness Month, now is the perfect opportunity to assess your cyber safety practices and take steps to safeguard your data. At Holzworth Partners, we’re committed to not only helping you achieve your financial goals but also ensuring that your personal and financial information
Read moreAt Holzworth Partners, we believe that education is the foundation of sound financial decision-making. Our goal is to manage your finances and equip you with the knowledge and tools you need to achieve your financial goals with confidence. We are passionate about helping you understand every step of the process so you can make informed choices that align with your future aspirations. To ensure you have the right support, we’ve developed a variety of resources
Read morePassing Away with Out a Will Holzworth Legal's real-life case studies reveal the costly and stressful consequences of not having a Will. These stories show how proper estate planning ensures your wishes are followed and protects your loved ones from legal battles. Reach out to the team today to get help setting up your Wills and powers of attorney. To learn more about Wills, visit our page on Succession Planning Case Studies- The Case of
Read moreIn the ever-evolving financial landscape, the importance of professional financial advice has never been more evident. A recent report by Russell Investments highlights how financial advisers can significantly boost client portfolios, with an estimated annual value add of 5.7%. This figure underscores the multifaceted role that advisers play in safeguarding and growing their clients’ wealth, particularly through behavioural coaching, comprehensive financial planning, and tailored advice. Behavioural Coaching: A Crucial Role in Wealth Preservation One of
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