- Tips & Strategies For Budgeting As A Family
Managing finances as a family can be challenging, especially when children are in school. The costs can quickly increase from tuition fees and extracurricular activities to school supplies and educational expenses. However, with careful planning and budgeting, parents can ensure financial stability while providing their children the support they need to succeed academically. Let’s explore practical tips and strategies for budgeting effectively as a family with children in school. Assess Your Expenses Start by assessing your current expenses related to your children’s education. This includes tuition fees, school supplies, uniforms, transportation, extracurricular activities, and other educational expenses. Take stock of recurring expenses and one-time costs that may arise throughout the school year. Create a Budget Once you understand your expenses, create a comprehensive budget outlining your income, fixed expenses, and discretionary spending. Allocate a portion of your income specifically for.. The post Tips & Strategies For Budgeting As A Family first appeared on Scott Associates Updates.
- 6 Signs Of Potential Business Collapse
Running a business comes with its share of challenges and uncertainties. While entrepreneurs strive for success and growth, it’s crucial to remain vigilant and recognise the warning signs of potential collapse. Ignoring these signs can lead to financial ruin and the eventual demise of the business. Here are some key warning signs that indicate a business may be on the brink of collapse, and discuss strategies for addressing these challenges to prevent catastrophe. Declining Revenue and Cash Flow: One of the most obvious warning signs of a business in trouble is declining revenue and cash flow. If sales are consistently decreasing or the business struggles to meet its financial obligations, it’s essential to take immediate action. Monitor key financial metrics regularly and identify the root causes of revenue decline, whether changing market conditions, ineffective marketing strategies, or operational inefficiencies. Increasing.. The post 6 Signs Of Potential Business Collapse first appeared on Scott Associates Updates.
- 5 Factors To Guide Your Superannuation Fund Choice
Selecting the right superannuation fund is a crucial decision that can significantly impact your financial future in retirement. With numerous options available, it’s essential to understand the key factors to consider when making this important choice. Let’s examine the factors that should guide your decision-making process to ensure you choose a superannuation fund that aligns with your needs and goals. Investment Performance: One of the primary considerations when choosing a superannuation fund is its investment performance. Look for funds that have consistently delivered strong returns over the long term, considering factors such as risk-adjusted performance and investment strategy. Review historical performance data and compare it to relevant benchmarks to assess the fund’s track record. Fees and Costs: Fees and costs can significantly impact the growth of your superannuation savings over time. Consider the fund’s management fees, administration fees, and any.. The post 5 Factors To Guide Your Superannuation Fund Choice first appeared on Scott Associates Updates.
- Mastering Facebook Advertising: Best Practices for Success
With over 2.8 billion monthly active users, Facebook remains one of the most powerful platforms for businesses to reach their target audience. However, with increased competition and evolving algorithms, mastering Facebook advertising requires a strategic approach. Let’s explore the best practices for leveraging Facebook advertising to maximise ROI and achieve your marketing objectives. Define Clear Objectives Before launching any Facebook advertising campaign, defining clear and specific objectives is essential. Whether it’s increasing brand awareness, driving website traffic, generating leads, or boosting sales, understanding your goals will inform your strategy and campaign optimisation efforts. Know Your Audience Understanding your target audience is crucial for effective Facebook advertising. Use Facebook’s robust targeting options to narrow your audience based on demographics, interests, behaviours, and more. Additionally, leverage audience insights and analytics to refine your targeting and messaging over time. Compelling Creative and Copy.. The post Mastering Facebook Advertising: Best Practices for Success first appeared on Scott Associates Updates.
- Understanding Superannuation Access Rules: A Guide for Individuals Under 65
Superannuation is a crucial part of retirement planning for Australians. It’s designed to provide financial support in retirement, but what if life throws unexpected challenges before you reach the age of 65? Let’s explore the current options available if you need your super but cannot access it due to your age. Remember, though – always consult your trusted advisor before making any decisions. Why You Can’t Access Your Super Before 65: Under Australian law, accessing your super before the age of 65 is generally restricted to specific circumstances, such as severe financial hardship, compassionate grounds, or permanent incapacity. If you don’t meet these criteria, you may find yourself in a situation where you need your super but are unable to access it. Alternative Options To Accessing Your Super Before 65: Seek Financial Assistance: If you’re facing financial difficulties, explore other.. The post Understanding Superannuation Access Rules: A Guide for Individuals Under 65 first appeared on Scott Associates Updates.
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Level 2, Suite 203
379-383 Pitt Street
Sydney NSW 2000
PO Box 20739
World Square NSW 2002
+61 2 9286 3088 or <a href=”/contact”>email</a>
Upcoming Key Dates
Thursday, 21 March 2024
Lodge and pay February monthly Business Activity Statement.
Sunday, 31 March 2024
Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers), unless the return was due earlier. Payment for companies and super funds in this category is also due by this date.
Sunday, 31 March 2024
Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more (excluding large/medium trusts). Payment for individuals and trusts in this category is due as advised on their notice of assessment.
Sunday, 31 March 2024
Lodge tax return for the head company of a consolidated group (excluding large/medium), with a member who had a total income in excess of $2 million in their latest year lodged, unless the return was due earlier. Payment for companies in this category is also due by this date.
Sunday, 31 March 2024
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