The Practice home

Whether you want to grow your business, your personal wealth, or a combination of the two, we’re here to help.

We’ve been doing it for more than 20 years for well over 10,000 clients.

© Copyright 2020 The Practice | All Rights Reserved

 

Author: Racket Agency

Building long-term wealth starts with the right mindset, consistent habits and a clear understanding of what financial confidence means to you. This article explores how Australians can make more deliberate money decisions, think beyond short-term pressures, and create a practical foundation for lasting financial security....

The latest Federal Budget includes significant proposed changes for Australian families, investors and business owners, covering trusts, capital gains tax, negative gearing, small business support and electric vehicle salary packaging. While many measures do not begin until 1 July 2027 or later, now is the time to review how they may affect your tax position, investments, property plans or business structure....

When it gets to the end of the financial year, your tax return is the last thing that you want to think about. Tax returns don’t need to be stressful. With good organisation, proactive planning and the right support, you’ll approach the end of the financial year with confidence. Take away the scrambling and focus on tangible outcomes....

Tax planning ahead of the end of the financial year can give you the clarity and confidence you need to avoid any surprises. Get the benefits of a proactive tax strategy and make gains for not only one tax year, but for many years to come...

Property tax in Australia can be complex for investors, with different rules across federal and state levels. This guide breaks down key obligations including income tax, capital gains tax, land tax, and common deductions, helping you better understand how property tax impacts your investment strategy and cash flow....

Your FBT obligation is separate to any income tax you may be liable to pay. It is an additional tax obligation that requires a different assessment. Understanding FBT is important to ensure your business is adequately meeting its tax obligations. In this guide, we help explain what those obligations may look like and how you can stay on top of them....

Fringe Benefits Tax (FBT) is one of the areas businesses most commonly get wrong and typically it’s out of carelessness. The word “benefit” sounds like a good thing, and in a way it is — it’s a perk provided to employees. But from the ATO’s perspective, it’s simply a way of making sure the right tax is being paid on those perks and that’s where many businesses fall short....

At the start of the year, life finally slows down just enough for you to look up from the day‑to‑day and take stock. The holidays are done, routines are kicking back in, and you can actually see where the money went. And where you’d rather it go from here. This is the window where vague resolutions either fade out, or turn into a simple plan you can actually follow....

Managing cash flow is a foundational part of keeping a business viable. .Businesses need to be able to not just show a profit on paper, but also simply pay themselves. Running a business is about staying in control and strong cash flow habits help you plan ahead and avoid last-minute pressure. These cash flow management tips are designed to help you at any stage of your business journey, from sole trader to SMEs....