Emergency!! When disaster strikes – how do you know your insurance will cover you in the many ways you will need?
No one plans for a debilitating sickness or injury and the potential loss of future income. While health sits at the top of our list of priorities the ability to alleviate the outcome through insurance should not be overlooked…
Intergenerational wealth – how do I secure my hard earned money for my bloodline beyond my demise?
In this case study careful attention to estate planning protected family wealth in a deceased estate from favouring non bloodline (relatives by marriage or defacto) from being challenged by the non bloodline beneficiaries of the will…
Early Retirement – Is It Feasible In Our Modern World?
Melanie became tax efficient through salary sacrifice of her superannuation while reducing debt and ending in a position of low debt and improved asset position. Wills, estate planning and insurance all reviewed…
Have You Heard About Our Insurance Health Check Service?
A good accountant is a key member of your team and does more than just prepare your income tax return. They prepare, forecast, advise and provide a range of services to help you feel confident about your financial future. At Locumsgroup, one of the services we offer outside of tax return preparation, is an Insurance […]
Eight Tips For A Great Start For The New Financial Year
Happy New Financial Year! To make the next year a seamless transition, Locumsgroup is sharing eight key tips and recommendations that you can implement now to help you get ahead of your financial plans, your resolutions and your commitments this year. These eight key tips include simple and comprehensive steps to help you take charge […]
Increasing Your Superannuation Contributions
Another great tax tactic to have up your sleeve to help reduce your personal income tax, and ultimately build more wealth for your retirement is increasing your superannuation contributions. The summary below sets out the broad categories of superannuation contributions that may enable you to reduce your overall taxation liabilities: • Concessional Contributions (Pre Tax). […]
Maximise your EOFY return with deductible expenses and prepaying deductible interest
With EOFY right ahead of us, it’s well and truly time to make last time efforts to prepare for 30 June. To help you experience a seamless tax return process and minimise your tax liability, we have prepared the following tax tips which outline how and what you can claim as a deductible expense and […]
A Simple Guide For A Smooth EOFY With Your Accountant
Preparing for EOFY is a responsibility all adults have to manage and while some people opt to submit it themselves, many others hand their files over to an accountant to let them crunch the numbers instead. If you fall into the latter category, whether it’s to help you save time, because you have a lot […]
Five Tips To Prepare Business Tax Returns
It’s easy to get overwhelmed at tax time, especially if you’re a startup or small business owner doing a lot of the bookkeeping yourself. While it might seem daunting, there are many benefits to tax time – the most valuable being the ability to understand about the profitability of your business and have the insight […]
Improve Your Financial Security Through Diversification
In January 2023, 8-time gold medalist and the world record-holder, Usian Bolt, lost $12.7 million overnight when the Jamaican investment bank, Stocks and Securities Limited (SSL) collapsed. Without getting into the details of this specific case, Bolt’s situation reveals the risk associated with having ‘all your eggs in one basket’ and a classic example of […]
