Small Business Owners Survival Guide admin September 16, 2019 Capital, revenue, cash flow…. We all hear the words chucked around on shark tank but for many smal... Read More
How businesses should approach their numbers admin September 16, 2019 Without money flowing through your business, your business wouldn’t exist. Therefore, the financ... Read More
Private Health Insurance admin September 9, 2019 With private health insurers increasing premiums and changing your coverage earlier this year, it is... Read More
Don’t let your business be part of the $11 billion in unpaid taxes admin September 2, 2019 An estimated $11 billion in annual tax liabilities has failed to be paid by small businesses. The fi... Read More
Non-compliant Payments admin August 29, 2019 The ATO are encouraging you to let your business clients know that you can no longer claim deduction... Read More
How Will You Spend Your Tax Refund? admin August 28, 2019 A tax refund can be like winning 2nd or 3rd division Lotto… a financial wind fall that might be qu... Read More
Another reason not to trust the big banks for your financial advice! admin August 27, 2019 As the financial advice fallout from the Royal Commission continues with the big banks, a former bra... Read More
Seasonal Giving admin August 19, 2019 From Valentine’s day to birthdays to Christmas and many in-between, there are many occasions that ... Read More
Gift Giving that Won’t Break the Bank admin August 19, 2019 Before you head over to Westfield and end up lay buying a $800 watch for your girlfriend that you kn... Read More
The Goodness of Giving admin August 19, 2019 In Australia we are a generous country that loves to spoil our family and friends with gifts. Nothin... Read More
We Work for the People admin August 19, 2019 The disruption and fall out from the Royal Commission continues. There has been significant change... Read More
Financial Comfort admin August 16, 2019 The ME Bank six-monthly survey of financial comfort has revealed that many Australians are strugglin... Read More
Lessons for Small Businesses from the Decline of Myer and David Jones admin August 16, 2019 Many articles and news stories later, department stores Myer and David Jones are still making headli... Read More
Late Payments admin August 12, 2019 For the past few years business has been booming, you and the team have been flat out. You’ve hard... Read More
5 Tips for a Successful Retirement admin August 5, 2019 Planning your dream retirement can be an exciting time. The chance to travel overseas or around Aust... Read More
Low and Middle Income Tax Offset admin July 11, 2019 With the ATO taking in excess of 60,000 calls per day regarding the low and middle income tax offset... Read More
Tax Handouts! admin July 5, 2019 10 million working Australians are about to receive a cash handout into their bank accounts! The Coa... Read More
Historic Low Cash Rate admin July 3, 2019 For the second month in a row the Reserve Bank of Australia have slashed the cash rate. This time do... Read More
It’s Time to Check Your Fences! admin July 2, 2019 The big banks have effectively been forced to bail out of financial planning and advice. It’s no s... Read More
2019 Tax Return Checklist for Individuals admin June 28, 2019 How is it that time of year already? It’s almost time to gather all your paperwork and get your lo... Read More
BAS Top Tips admin June 28, 2019 Every business that is registered for goods and services tax (GST) must lodge a Business Activity St... Read More
How You Get Your Payment Summary is Changing admin June 28, 2019 Only a few more days until the financial year is over! As we wait patiently for our payment summarie... Read More
NBN Scam Alert! admin June 17, 2019 With an increase of almost 300 per cent in 2019, Australians are losing more money to NBN scams. So ... Read More
RBA reduces Cash Rate to 1.25% admin June 4, 2019 After months of speculation around a cut to the cash rate, the RBA has cut the official cash rate to... Read More
Can you afford your dream retirement? admin June 4, 2019 Planning your dream retirement can be an exciting time. The chance to travel overseas or around Aust... Read More
The HECS on Study Loans admin June 4, 2019 Once you graduate, repayment of your HECS loan is not required until you earn a taxable income above... Read More
Cars and tax – what can you claim? admin June 4, 2019 With transport costs for Australian families continuing to rise, claiming some of your expenses back... Read More
Making Your Budget Stick admin June 4, 2019 With 86% of Australians saying they don’t know what they spent last month, it’s fair to say we a... Read More
Top 10 Tips This Tax Time admin May 27, 2019 Tax time is almost upon us once again! This year the ATOs target list is work related deductions. Ou... Read More
Save on tax and boost your super admin May 23, 2019 By making an after-tax contribution to your superannuation before the end of the financial year, you... Read More
Superannuation… let’s get uncomplicated! admin May 22, 2019 “It’s the most significant financial asset most Australians will ever have. It determine... Read More
End of financial year! EOFY! Tax time! 30 June! admin May 21, 2019 It’s that time! Time to start getting ready for the end of financial year. Check out these simpl... Read More
Voters Give Liberal The Thumbs Up admin May 20, 2019 After a lengthy and grinding election, the votes have been cast and the Liberal party have surprisin... Read More
Buying an established small business admin April 24, 2019 When buying a business, it is important that you are buying into the industry for the right reasons.... Read More
The Trade-offs – Owning Your Own Business Vs Spending Quality Time With Family admin April 24, 2019 Running a successful business is hard work, raising a family can at times be just as hard. Put these... Read More
5 Things not to do in a small business admin April 24, 2019 Owning your own business can be exciting and rewarding, the world is your oyster! That is, until you... Read More
University VS Trades admin April 23, 2019 In this day and age there is a stigma around the notion that everyone has to go to Uni to get the be... Read More
2019 Federal Budget admin April 4, 2019 Treasurer Josh Frydenberg handed down his first Federal Budget, promising personal and small busines... Read More
… and now the fall out begins admin March 22, 2019 As highlighted in the Royal Commission, financial advisors in banks are offering products that will ... Read More
North-West Queensland Floods 2019- Power2 the Community admin March 7, 2019 The recent floods in Queensland has led to Farmers losing their entire herds of cattle within a matt... Read More
Government co-contribution admin February 26, 2019 The government co-contribution is a bonus contribution made by the government for those who qualify.... Read More
Growing Your Super admin February 26, 2019 Make your super work for you Many people think that their employer is taking care of their su... Read More
Personal Deductible Contributions admin February 26, 2019 Personal deductible contributions are the contributions that you make into your own super. This then... Read More
Insurance premium price hikes – that time of year again admin February 22, 2019 No shock here at Power2, Private Health companies (and insurance and other professional services as ... Read More
How STP is Going to Impact your Small Business admin February 21, 2019 Last Tuesday legislation passed, making it compulsory for all employers with less than 19 employees ... Read More
Retirees and Superannuation – Which side are you on? admin February 19, 2019 This retiree is happy to see the end of cash refunds on franking credits. SMSF legislation change is... Read More
Hunter, Farmer, Soldier, Nerd. Which one are you? admin February 11, 2019 Well it’s still early in the year and everyone is trying to put their lives back together after a ... Read More
The Royal Commission- Big Bank Bosses are to BLAME! admin February 4, 2019 The Banking Royal Commission Big bank bosses are to blame! In the Burbs we call it Greed and Corrupt... Read More
Stop the rot of over complicated small business structures!! admin January 29, 2019 To most people in business the legalistic, jargon riddled world of tax planning is a blemish on our ... Read More
Hit your bank HARD admin January 23, 2019 The royal commission into the banks has shocked a lot of people but sadly, at Power 2, we have not b... Read More
Job Costing admin January 23, 2019 Job Costing If you’re a tradie then you need to know how much each job costs before you can start ... Read More
“We Just Can’t Get Good People these days !!” admin January 23, 2019 I hope you’re getting fired up about business in 2019. I have a good feeling about this one. Anywa... Read More
Buying or setting up a business in the new year admin January 21, 2019 What you need to get started If you’re fired up about buying or setting up a new business in 2019 ... Read More
Buying a business admin January 14, 2019 Set yourself up for success Many of us dream of running our own business, with all the independence ... Read More
Feeling Broke After Christmas/January 2019? admin January 14, 2019 Feeling Broke After Christmas? Pay off your post Christmas BAS slowly till you’re back in full... Read More
Commercial leases: tips and traps admin January 14, 2019 As your small business grows, the day may come when it’s time to move from your garage or home off... Read More
Data security – protecting your business admin January 14, 2019 The recent Facebook scandal demonstrates how serious data security breaches can be, but they aren’... Read More
Employee or contractor? What’s the difference? admin January 14, 2019 With the rise of the gig economy, correctly working out whether you are hiring an employee or simply... Read More
FIRED up for financial independence admin January 14, 2019 Millennials are often accused of living for the present and wasting their money on smashed avocado. ... Read More
Fostering financially savvy young adults admin January 14, 2019 From student debt to new technology and landing that first job, today’s young Australians are tran... Read More
Getting into the great outdoors admin January 14, 2019 Despite our intrepid image, Australia is an incredibly urbanised country by world standards, with al... Read More
Helping you find your financial path admin January 14, 2019 When it comes to personal finances and ways to build your wealth it seems that everyone has an opini... Read More
Housing prices off the boil admin January 14, 2019 The Australian housing market appears to have reached a turning point, with prices falling 2.2 per c... Read More
How to avoid common SMSF mistakes admin January 14, 2019 Running your own self-managed super fund can be time-consuming, but it’s about to get a little eas... Read More
How to avoid unwanted ATO attention admin January 14, 2019 Nobody wants to attract unwanted scrutiny from the ATO. Tax audits can be stressful and potentially ... Read More
Is food delivery eating into your budget? admin January 14, 2019 The Australian food delivery industry is booming, with the ABS reporting an 18% increase in take-awa... Read More
Career growth through networking admin January 14, 2019 Every professional has had it drummed into them that networking is important for their career develo... Read More
How to reach 100 not out admin January 14, 2019 Who would have thought doing the Silly Walk created by John Cleese in Monty Python could hold the ke... Read More
Life insurance inside or outside super? admin January 14, 2019 If you’ve got super, chances are you’ll have some default insurance included and the option to b... Read More
Young invincibles – the importance of insurance admin January 14, 2019 When you are young, healthy and just starting your working life the last thing on your mind is life ... Read More
Run your personal finances like a company admin January 14, 2019 “State’s Largest Manufacturer Sheds 1,500 Jobs!” “Telco posts $3bn profit!” Ever wonder wh... Read More
Small Business: Mind the Exit admin January 14, 2019 Running a small business can be an all-consuming activity, but there comes a time when even the most... Read More
Super and inheritance: making your wishes known admin January 14, 2019 People often think their superannuation will be treated as part of their estate when they die and di... Read More
Taking philanthropy to the next level admin January 14, 2019 Australians are generous when it comes to opening their wallet for a good cause. But you may have re... Read More
Tax traps for expats admin January 14, 2019 Every year more Australians head overseas to work for an extended period. While it can be great fun ... Read More
Bankruptcy: Not the end of tax considerations admin January 14, 2019 With personal debt on the rise, many Australians are struggling with their finances. In most cases, ... Read More
Become the king of your cashflow admin January 14, 2019 You will have probably heard the expression ‘cash flow is king’ and there is no better time than... Read More
Benefits of a super long engagement admin January 14, 2019 Superannuation is a long-term financial relationship. It begins with our first job, grows during our... Read More
Big $ lessons for small fry admin January 14, 2019 What do Bill Gates, Warren Buffet, Sting and Nigella Lawson have in common apart from wealth? This m... Read More
Throwing yourself in deep to improve productivity admin January 11, 2019 A smartphone buzzes in your pocket. Ten tabs sit stagnant in your browser. Unopened emails, newsfeed... Read More
Winding up your SMSF: keep the end in sight admin January 11, 2019 They say all good things must come to an end, and it’s no different with self-managed super funds.... Read More
Salary packaging unwrapped admin January 11, 2019 Many employers offer salary packaging to attract and retain employees with additional benefits. If i... Read More
Weighing up the cost of risk – insuring your business admin January 11, 2019 Running your own business can be rewarding, but there is also risk involved when you put your own mo... Read More
Where is the best place to stash your cash? admin January 11, 2019 Australia’s historically low interest rates are great news for borrowers but a headache for savers... Read More
Taxwise investing admin January 11, 2019 It should come as no surprise that shares and property outperform cash and bonds in the long run. Bu... Read More
The final logoff admin January 11, 2019 Human fascination with immortality stretches back to the time of Greek mythology with history litter... Read More
Starting over: divorce after 50 admin January 11, 2019 Baby boomers have always been catalysts for social change and now they are doing it again. Divorce a... Read More
Silly season scams: how to stay safe admin January 11, 2019 There’s something about the end of year holiday time that makes people relax and let down their gu... Read More
Planning for the future of a special needs child admin January 11, 2019 While estate planning is essential for any parent, it takes on additional significance for the paren... Read More
Putting the brakes on admin January 11, 2019 The decline of the automobile. Getting your driver’s licence was once a rite of passage for Austra... Read More
Lessons from the ‘rich list’ admin January 11, 2019 Most people who are intent on building their personal and business finances know there is no quick r... Read More
A little adrenaline can be a good thing admin January 10, 2019 We all know what it feels like to be stressed. For most of us, it is a hallmark of our daily lives. ... Read More
You Can’t Shoot A Three-Legged Dog – Think before you fire admin January 10, 2019 There are lots of small businesses out there that “carry” a staff member. You know, that person ... Read More
Facebook Marketing – Part 2: How To Make It Work admin December 13, 2018 Last time, we talked about how to set up Facebook for your business. Now we’re back to show you ho... Read More
Stop Kidding Yourself About Facebook – Part 1 admin December 6, 2018 Having a Facebook account doesn’t mean you know how to market your business. In fact, I guarantee ... Read More