Grow Collective News

Keep up to date with all the latest business and finance news.

Understanding Personal Guarantees and Their Implications for Directors

Corporate insolvency, including the Small Business Restructure (SBR) process, can have serious, sometimes unforeseen, consequences for company directors. Often, these consequences only become apparent when financial trouble arises. While company…

Growing into Retirement – It’s not just about the money

After years of waking up to an alarm and navigating the ups and downs of work life, retirement brings a new chapter. At first, it feels like a vacation, full…

Growing into Retirement: Preparing for Your Best Life

Retirement is often seen as the end of a long, rewarding working life. However, it actually marks the beginning of an exciting new chapter. Far from being a time of…

Unlocking Business Growth: Why You Need a Business Accountant

Starting a new business or growing an existing one can be challenging. Managing daily operations and keeping up with tax laws and regulations can be overwhelming. That’s why having a…

Bridging the Gap: Equalising Super for a Shared Retirement

Retirement is a time to relax and enjoy the fruits of your labour. But for many couples, the reality can be quite different. A persistent disparity in superannuation balances between…

How to Maximise Your Tax Savings Before the End of the Financial Year

As we hurtle towards the end of the financial year, it’s essential to explore strategies that can help you maximise your tax savings. Here are some practical tips to reduce…

Revised Stage 3 Tax Cuts: What They Mean for Your Financial Future

At Collective Financial Partners, we understand the importance of staying informed about changes to the tax system and how they can impact your financial well-being. The recent announcement by the…

Why Financial Planning for Aged Care is Crucial for Your Future

As Australians, we are fortunate to have one of the highest life expectancies in the world. However, with this blessing comes the responsibility of ensuring that we are adequately prepared…

Unlocking the benefits of appointing an enduring power of attorney

In today’s world, it is crucial to plan for the future and make provisions for unforeseen circumstances. One way to ensure our interests and well-being are protected is by appointing…

The Skills and Training Boost

Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction for external training courses delivered to employees by registered training providers.The…

What changed on 1 July 2023

Award rates of pay and the National Minimum Wage increased by 5.75%It is critically important that all employers review their payroll systems and ensure they are applying the correct rates…

How do interest rates affect your investments?

Interest rates are an important financial lever for world economies. They affect the cost of borrowing and the return on savings, and it makes them an integral part of the…

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