Financial Planning

What Are the Disadvantages of Transition to Retirement? 

Accountant, financial advisor, Financial Planning /
transition to retirement disadvantages

Transition to Retirement (TTR) is a popular financial retirement planning strategy in Australia that allows individuals aged 55 or older (depending on their preservation age) to access their superannuation while continuing to work. While TTR can offer benefits such as reducing work hours without sacrificing income (because one can draw upon their superannuation to compensate […]

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What is Commercial Debt Forgiveness

Accountant, financial advisor, Financial Planning, Small Business Accountant, tax /
commercial debt forgiveness

Commercial debt forgiveness is a financial concept that occurs when a creditor (the lender) formally forgives or cancels a debt owed by a business or individual to themselves. In simple terms, it means that the debtor (the borrower) is no longer legally required to repay the outstanding amount. This can happen for various reasons, including

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What is a 401k in Australia? How Does It Work? 

Accountant, financial advisor, Financial Planning, Small Business Accountant /
401k Australia

If you’ve ever come across the term 401(k) while researching retirement plans, you might be wondering what the Australian equivalent is and how it works. In the U.S., a 401(k) is a tax-advantaged retirement savings plan, but Australia has its own system for retirement savings: superannuation (super).  In this article, we’ll break down what a

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What is a Defined Benefit Super Fund? 

Accountant, financial advisor, Financial Planning, Small Business Accountant /
defined benefit super

A defined benefit superannuation fund is a type of super fund where the retirement benefits are predetermined based on a specific formula, rather than being directly linked to investment returns. Unlike accumulation funds, where retirement savings depend on investment performance, defined benefit funds provide more certainty for members regarding their retirement income.    How Defined Benefit

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Why the ATO is targeting babyboomer wealth

Accountant, financial advisor, Financial Planning, tax /
babyboomer

“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.”  ATO Private Wealth Deputy Commissioner Louise Clarke The Australian Taxation Office (ATO) thinks that wealthy babyboomer Australians, particularly those with successful family-controlled

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How to Find a Good Financial Advisor in Melbourne 

Accountant, financial advisor, Financial Planning /
financial advisor melbourne

Finding the right financial advisor can make a significant difference to your financial well-being. Whether you need assistance with retirement planning, wealth management, or tax strategies, a professional financial advisor can help you achieve your financial goals. Here’s how to find a good financial advisor in Melbourne.  Why You Need a Financial Advisor A financial

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Do You Need an SMSF Accountant? 

Accountant, financial advisor, Financial Planning, Small Business Accountant /
smsf accountant

Managing a Self-Managed Super Fund (SMSF) can be a rewarding way to take control of your retirement savings. However, SMSFs come with significant compliance, reporting, and investment responsibilities. This blog explores whether hiring an SMSF accountant Melbourne is the right choice for you.  What is an SMSF Accountant? An SMSF accountant is a financial professional

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How to Get a Business Loan in Melbourne

Accountant, financial advisor, Financial Planning, Small Business Accountant /
business loan

Securing a business loan Melbourne can be a critical step for entrepreneurs and small business owners in Melbourne looking to start, grow, or sustain their businesses. With a range of lenders and financial products available, understanding the process and choosing the right loan can make all the difference. Nobel Thomas are well equipped to assist

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What is Business Services Accounting? 

Accountant, Financial Planning, Small Business Accountant, tax /

In today’s dynamic business landscape, organizations of all sizes seek professional expertise to manage their finances effectively. One essential area of support is business services accounting, a specialized branch of accounting that utilises a small business accountant to provide comprehensive financial management solutions for businesses.  Defining Business Services Accounting Business services accounting refers to a

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Do You Have to Repay HECS-HELP Debt if You Leave Australia?  

Accountant, financial advisor, Financial Planning, tax /
hecs debt wiped after 5 years overseas

For Australians pursuing higher education, the HECS-HELP loan system offers a way to fund tertiary studies and pay back the debt once their income reaches a certain threshold. But what happens if you move overseas? Are you still required to repay your HECS-HELP debt? Here’s everything you need to know.  Understanding HECS-HELP Debt HECS-HELP is

Do You Have to Repay HECS-HELP Debt if You Leave Australia?   Read More »

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