NBN Scam Alert!
With an increase of almost 300 per cent in 2019, Australians are losing more money to NBN scams. So ...
RBA reduces Cash Rate to 1.25%
After months of speculation around a cut to the cash rate, the RBA has cut the official cash rate to...
Can you afford your dream retirement?
Planning your dream retirement can be an exciting time. The chance to travel overseas or around Aust...
The HECS on Study Loans
Once you graduate, repayment of your HECS loan is not required until you earn a taxable income above...
Cars and tax – what can you claim?
With transport costs for Australian families continuing to rise, claiming some of your expenses back...
Making Your Budget Stick
With 86% of Australians saying they don’t know what they spent last month, it’s fair to say we a...
Top 10 Tips This Tax Time
Tax time is almost upon us once again! This year the ATOs target list is work related deductions. Ou...
Save on tax and boost your super
By making an after-tax contribution to your superannuation before the end of the financial year, you...
Superannuation… let’s get uncomplicated!
“It’s the most significant financial asset most Australians will ever have. It determine...
End of financial year! EOFY! Tax time! 30 June!
It’s that time! Time to start getting ready for the end of financial year. Check out these simpl...
Voters Give Liberal The Thumbs Up
After a lengthy and grinding election, the votes have been cast and the Liberal party have surprisin...
Buying an established small business
When buying a business, it is important that you are buying into the industry for the right reasons....
The Trade-offs – Owning Your Own Business Vs Spending Quality Time With Family
Running a successful business is hard work, raising a family can at times be just as hard. Put these...
5 Things not to do in a small business
Owning your own business can be exciting and rewarding, the world is your oyster! That is, until you...
University VS Trades
In this day and age there is a stigma around the notion that everyone has to go to Uni to get the be...
2019 Federal Budget
Treasurer Josh Frydenberg handed down his first Federal Budget, promising personal and small busines...
… and now the fall out begins
As highlighted in the Royal Commission, financial advisors in banks are offering products that will ...
North-West Queensland Floods 2019- Power2 the Community
The recent floods in Queensland has led to Farmers losing their entire herds of cattle within a matt...
Government co-contribution
The government co-contribution is a bonus contribution made by the government for those who qualify....
Growing Your Super
Make your super work for you Many people think that their employer is taking care of their su...
Personal Deductible Contributions
Personal deductible contributions are the contributions that you make into your own super. This then...
Insurance premium price hikes – that time of year again
No shock here at Power2, Private Health companies (and insurance and other professional services as ...
How STP is Going to Impact your Small Business
Last Tuesday legislation passed, making it compulsory for all employers with less than 19 employees ...
Retirees and Superannuation – Which side are you on?
This retiree is happy to see the end of cash refunds on franking credits. SMSF legislation change is...
Hunter, Farmer, Soldier, Nerd. Which one are you?
Well it’s still early in the year and everyone is trying to put their lives back together after a ...
The Royal Commission- Big Bank Bosses are to BLAME!
The Banking Royal Commission Big bank bosses are to blame! In the Burbs we call it Greed and Corrupt...
Stop the rot of over complicated small business structures!!
To most people in business the legalistic, jargon riddled world of tax planning is a blemish on our ...
Hit your bank HARD
The royal commission into the banks has shocked a lot of people but sadly, at Power 2, we have not b...
Job Costing
Job Costing If you’re a tradie then you need to know how much each job costs before you can start ...
“We Just Can’t Get Good People these days !!”
I hope you’re getting fired up about business in 2019. I have a good feeling about this one. Anywa...
Buying or setting up a business in the new year
What you need to get started If you’re fired up about buying or setting up a new business in 2019 ...
Buying a business
Set yourself up for success Many of us dream of running our own business, with all the independence ...
Feeling Broke After Christmas/January 2019?
Feeling Broke After Christmas? Pay off your post Christmas BAS slowly till you’re back in full...
Commercial leases: tips and traps
As your small business grows, the day may come when it’s time to move from your garage or home off...
Data security – protecting your business
The recent Facebook scandal demonstrates how serious data security breaches can be, but they aren’...
Employee or contractor? What’s the difference?
With the rise of the gig economy, correctly working out whether you are hiring an employee or simply...
FIRED up for financial independence
Millennials are often accused of living for the present and wasting their money on smashed avocado. ...
Fostering financially savvy young adults
From student debt to new technology and landing that first job, today’s young Australians are tran...
Getting into the great outdoors
Despite our intrepid image, Australia is an incredibly urbanised country by world standards, with al...
Helping you find your financial path
When it comes to personal finances and ways to build your wealth it seems that everyone has an opini...
Housing prices off the boil
The Australian housing market appears to have reached a turning point, with prices falling 2.2 per c...
How to avoid common SMSF mistakes
Running your own self-managed super fund can be time-consuming, but it’s about to get a little eas...
How to avoid unwanted ATO attention
Nobody wants to attract unwanted scrutiny from the ATO. Tax audits can be stressful and potentially ...
Is food delivery eating into your budget?
The Australian food delivery industry is booming, with the ABS reporting an 18% increase in take-awa...
Career growth through networking
Every professional has had it drummed into them that networking is important for their career develo...
How to reach 100 not out
Who would have thought doing the Silly Walk created by John Cleese in Monty Python could hold the ke...
Life insurance inside or outside super?
If you’ve got super, chances are you’ll have some default insurance included and the option to b...
Young invincibles – the importance of insurance
When you are young, healthy and just starting your working life the last thing on your mind is life ...
Run your personal finances like a company
“State’s Largest Manufacturer Sheds 1,500 Jobs!” “Telco posts $3bn profit!” Ever wonder wh...
Small Business: Mind the Exit
Running a small business can be an all-consuming activity, but there comes a time when even the most...
Super and inheritance: making your wishes known
People often think their superannuation will be treated as part of their estate when they die and di...
Taking philanthropy to the next level
Australians are generous when it comes to opening their wallet for a good cause. But you may have re...
Tax traps for expats
Every year more Australians head overseas to work for an extended period. While it can be great fun ...
Bankruptcy: Not the end of tax considerations
With personal debt on the rise, many Australians are struggling with their finances. In most cases, ...
Become the king of your cashflow
You will have probably heard the expression ‘cash flow is king’ and there is no better time than...
Benefits of a super long engagement
Superannuation is a long-term financial relationship. It begins with our first job, grows during our...
Big $ lessons for small fry
What do Bill Gates, Warren Buffet, Sting and Nigella Lawson have in common apart from wealth? This m...
Throwing yourself in deep to improve productivity
A smartphone buzzes in your pocket. Ten tabs sit stagnant in your browser. Unopened emails, newsfeed...
Winding up your SMSF: keep the end in sight
They say all good things must come to an end, and it’s no different with self-managed super funds....
Salary packaging unwrapped
Many employers offer salary packaging to attract and retain employees with additional benefits. If i...
Weighing up the cost of risk – insuring your business
Running your own business can be rewarding, but there is also risk involved when you put your own mo...
Where is the best place to stash your cash?
Australia’s historically low interest rates are great news for borrowers but a headache for savers...
Taxwise investing
It should come as no surprise that shares and property outperform cash and bonds in the long run. Bu...
The final logoff
Human fascination with immortality stretches back to the time of Greek mythology with history litter...
Starting over: divorce after 50
Baby boomers have always been catalysts for social change and now they are doing it again. Divorce a...
Silly season scams: how to stay safe
There’s something about the end of year holiday time that makes people relax and let down their gu...
Planning for the future of a special needs child
While estate planning is essential for any parent, it takes on additional significance for the paren...
Putting the brakes on
The decline of the automobile. Getting your driver’s licence was once a rite of passage for Austra...
Lessons from the ‘rich list’
Most people who are intent on building their personal and business finances know there is no quick r...
A little adrenaline can be a good thing
We all know what it feels like to be stressed. For most of us, it is a hallmark of our daily lives. ...
You Can’t Shoot A Three-Legged Dog – Think before you fire
There are lots of small businesses out there that “carry” a staff member. You know, that person ...
Facebook Marketing – Part 2: How To Make It Work
Last time, we talked about how to set up Facebook for your business. Now we’re back to show you ho...
Stop Kidding Yourself About Facebook – Part 1
Having a Facebook account doesn’t mean you know how to market your business. In fact, I guarantee ...