Passing 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
Read moreGetting your head around property investment. If you’re a first-time investor, or you just want to better understand the lingo and investment performance measures, we’ve got you. We’ve put together easy to understand stats, facts and figures that any savvy property investor should get familiar with. To make life as an investor even easier, we’ve included some actions you can take if your property is not measuring up plus opportunities to look for if it
Read moreAs awareness of environmental, social, and governance (ESG) issues grows, many investors seek to align their investment portfolios with their personal values. ESG investing, which focuses on companies' ethical and sustainable practices, has become a popular choice for those who want to make a positive impact while achieving financial returns. For Australians, one of the most effective ways to customise ESG investments is through a Self-Managed Super Fund (SMSF). This article explores the benefits of
Read moreAs cryptocurrency gains popularity, many investors remain uncertain about their tax obligations. Recent surveys highlight a significant gap in understanding, leading to the need for better compliance and record-keeping. The Australian Taxation Office (ATO) has established clear guidelines for taxing cryptocurrency, and non-compliance can result in significant penalties. Survey Insights According to the Independent Reserve Cryptocurrency Index, nearly 45% of Australian cryptocurrency investors do not fully understand their tax responsibilities. Additionally, 54% of participants have
Read moreSeparation is never easy, and the complexities involved can make it even more challenging. If you are currently navigating or soon to be facing a separation, there are major financial and emotional factors that need careful consideration. In these circumstances, there are often no clear winners or losers, as the process can be emotionally taxing for everyone involved. The Family Law Act 1975 serves as the cornerstone of family law in Australia, providing essential guidelines
Read moreHumans have utilised gold as an investment vehicle to for thousands of years to drive wealth and display their fortunes. Over the past 12 months the gold price has risen over 21%. Gold might be a great investment choice in specific situations, such as when inflation is high, during economic uncertainty or geopolitical instability. At such times gold can outperform other asset classes and be used as a haven during market volatility.While gold may experience
Read moreA guide to help you get ready for tax season, with tips from the ATO and our tax experts. Why You Should Start Preparing For Your Tax Return Now Tax time is here, and it's time to start getting your financial records in order. Whether you are an employee, a sole trader, or a business owner, you need to lodge your tax return by 31 October 2024. But don't rush to submit it as soon
Read moreNow that the end of the financial year has passed, CPA Australia has alerted taxpayers to the Australian Taxation Office's (ATO) main focus areas for tax returns: rental property income, work-related expenses, and cryptocurrency profits. Scrutiny on Rental Property Claims Rental property owners should be meticulous with their claims, as the Australian Taxation Office (ATO) has heightened its scrutiny on various aspects of rental property deductions. One primary area of focus is the distinction between
Read moreOn the evening of 14 May 2024, the Government delivered what is possibly its last Budget in the current parliamentary term. The next election is expected to be held either late this year or early in 2025.Inflation, cost of living pressures, and housing all continue to dominate the fiscal landscape, impacting the lives of Australians. The key challenges addressed in this year’s Budget include:Easing cost of living and inflationary pressures,Building more houses,Strengthening Medicare and the care
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