There’s a thought provoking TED talk by psychologist Daniel Goldstein titled “The battle between your present and future self”. If you haven’t seen it, you should find a spare 16 minutes and watch it in our full article. A big part of the presentation is about the balance between your current and future living standards.
For more information on why you should consider planning your retirement now, or to watch the TED talk, click here.
Christmas gifts & events
There are a range of Christmas and holiday related expenses your business may incur. The area is quite complex, but in our annual article we give you a summary of the tax side these Christmas benefits.
Click here to find out what these are.
Action is the foundational key to all success.
The need for budgets and cashflow forecasting
Businesses start and operate better with well-informed advice. Do you have a live budget and cashflow forecast? Do you know your business’ trading position for the next financial year? If you don’t then you probably should.
To find out why, click here.
Can a superfund use assets to pay benefits?
If a self-managed superannuation fund (SMSF) is asset rich, but cash poor it may be able to use its assets to pay benefits to its members. These are referred to as “in specie” benefits.
Click here to find out what this means and how it is relevant to you.
*Correct as of December 2014
*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.