If you could pick out a few buzzwords about cryptocurrency in 2021, NFTs, DOGE, SHIB and Ethereum are probably some of the big ones you can think of. Whilst NFTs have been around since 2015, sales and interest have skyrocketed since February 2021. Since that’s why you’re probably here, let’s...
Category: Knowledgehub
9 Tips for Making the Most Out of Your Year-End Accounting
With the end of the calendar year almost upon us, many business owners will be pretty glad to see the back of 2021. With Covid-19 restrictions effecting many businesses, it’s been a tough year. So, while we raise a glass to you, to celebrate the fact that you’ve got through...
Union fees: are they tax-deductible and what are they?
As a part of your profession, you may be a member of a trade union which you pay fees for in order to access member benefits. Union fees are typically collected monthly which you should budget for, but the great news is that all your union fees are fully deductible...
What is a Hybrid Trust?
Most people when they think of trusts think about the terms "trust funds" or "family trusts". In Australia, there are 3 common types of trusts, these are discretionary, unit and hybrid trusts. In this article, we'll be answering the question - what is a Hybrid Trust?To start with the basics,...
What is a Unit Trust?
Trusts are a valuable tool that can protect assets and make things more tax efficient. This is especially so of unit trusts here in Australia; however, they can be complex to set up correctly. In this article we take a look at what is a unit trust, as well as...