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Understand the Tax Landscape     Australia’s tax system is meticulous, and freelancers should be well-versed in their obligations. Familiarise yourself with the Australian Taxation Office (ATO) guidelines, including the Goods and Services Tax (GST) if applicable. Consider consulting with a tax professional (like a bookkeeper) to optimise your tax position.    Supercharge Your Superannuation     […]

What is Credit Score:  Your credit score is a numeric representation of your creditworthiness, typically ranging from 300 to 850. The higher your score, the more financially trustworthy you appear to lenders. Utilising models like Experian, Equifax, illion, various factors contribute to your score:  Payment History: Your track record of timely payments. Credit Utilisation: The […]

What is Net Worth?  Your net worth is basically the difference between your assets and liabilities. Assets include everything you own, such as cash, investments, real estate, and personal belongings. Liabilities, on the other hand, are what you owe such as debts and financial obligations. By subtracting your liabilities from your assets, you arrive at […]

Accepting Change: One major lesson that keeps on cropping up is that change is just part of life. When things get unpredictable, it’s better to just go with the flow and find the silver lining wherever you can.    Giving Thanks: Practicing gratitude has always been my not-so-secret weapon for staying positive. Focusing on the […]

Make a List and Check it Twice: First things first, let’s get organised! Jot down all the tasks you need to tackle before the holidays roll around. Think gifts, decorating, meals, and parties. Then, prioritise them based on what’s most important and urgent. Focus on the big stuff first, and remember, it’s okay to delegate […]

Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings.  As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable […]