Accounting: Making Sure 2 + 2 = 4
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Deciding if Self-Managed Super Funds are Right for Your Business
As a business owner, it’s important to consider all of the options available to you when it comes to managing your company’s finances. One such option is setting up a self-managed super fund (SMSF). An SMSF is a private superannuation fund that you manage yourself, and it can offer you more control over your investment decisions and potentially greater returns. However, it’s not the right option for every business. In this blog post, we’ll explore the pros and cons of SMSFs and help you decide if it’s the right choice for your business.
Hello. When you are at school, maths can seem so complicated at first. But then you learn about numbers and all of sudden everything seems as easy as 2 + 2 = 4. I used to be pretty good at maths so when I started my own business, I didn't think I needed to hire an accountant. After all, why should I pay someone else to do something that I could do myself? However, I very quickly learnt two important lessons. Lesson one was that accounting and doing the books will take a lot longer than you might think and, secondly, it is actually pretty complex stuff. In the end, I decided to hire a professional accountant. He is great and he has taught me a lot of cool stuff.
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Deciding if Self-Managed Super Funds are Right for Your Business 15 January 2024
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