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What are Discretionary Trusts and why you may need one

What are Discretionary Trusts and why you may need one

by Camden Professionals | Mar 11, 2024 | Discretionary Trusts, How To, Property Investment, Property Investment Tips

What is a Discretionary Trust? When you establish a discretionary trust, the trustee will legally own an asset(s) for the benefit of one or more other people.  A discretionary trust can also be called a family trust if the members/ beneficiaries are part of your...
Cashflow management for tradies and small business owners

Cashflow management for tradies and small business owners

by Camden Professionals | Mar 11, 2024 | Cashflow, Small Business

Managing money is crucial for any business to do well and keep going strong. But for construction and trade businesses, it’s even more critical. Why? Because they deal with some tricky situations. They might get paid in big chunks for projects, but they also...
The Fringe Benefit Tax and Electric Vehicles

The Fringe Benefit Tax and Electric Vehicles

by Camden Professionals | Mar 11, 2024 | ATO, Electric vehicles Tax, Fringe Benefits Tax (FBT)

The Fringe Benefits Tax year (FBT) ends on 31 March. In this article we clear up some of the confusion regarding the FBT issues when an employer provides an EV (electric vehicle) to an employee. In late 2022, the Government introduced a concession that enables...
Stay on Top of Your Employer Obligations

Stay on Top of Your Employer Obligations

by Camden Professionals | Feb 29, 2024 | Employee entitlements, How To, Small Business

In Australia, employers are bound by a set of obligations designed to protect the rights and well-being of their employees. Understanding these obligations is crucial for fostering a fair and productive work environment. Let’s explore some of the key...
How to retire richer

How to retire richer

by Camden Professionals | Feb 29, 2024 | Financial Planning, Retirement, Succession Planning

As you approach the milestone of retirement, the question of financial security becomes increasingly paramount. With careful retirement planning and strategic decision-making, you can position yourself to retire richer and enjoy your golden years. What does it mean to...
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