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Hot Issues
Our Advent calendar for 2017
Capital Gains and Renounceable Rights
Treasury finds Australia 'increasingly uncompetitive' as US moves on tax plans
Australia's vital statistics
SMSFs warned on ‘ticking time bomb’ with outdated deeds
Taxation ruling on commercial website deductibility
68% of SMEs ‘significantly stressed,’ 85% rely on accountants
Statutory wills are underutilised in estate planning
Small business slips on lodgement deadlines
300,000 SMEs utilising $20K write-off, says ATO
‘A bad thing times 10’: ATO set for new SMSF blitz
Capital Gains and Renounceable Rights
Paperwork bungles lead to $38k in payments
Australian Dietary Guidelines and healthy eating chart (PDF)
Former director liable for company’s unpaid tax liabilities
Resources on our site to help you, your family and your friends.
Super for housing measures enter Senate
No Special Circumstances to allow Excess Super Contributions
Housing tax measures progress to Parliament
AirBnb – wrong tax outcome?
Are young investors wasting their youth?
ATO sending 'more letters than ever' on income tax errors
Powerful Budgeting, cash flow and Super Tools available on our site.
Property, unit trusts in ATO's sights
Australian Dietary Guidelines and healthy eating chart (PDF)
Major Bank Levy Passed
NSW tops list as ATO reveals billions in lost super
How is your super going, ready for retirement?
Australia's leading causes of death - ABS
ATO increasing data exchange with international regulators
Illegal SMSF early access scheme leads to $6,000 fine
Our 'hardest' SMSF tasks
Uber drivers hit for 10% tax
Lack of literacy promotes unrealistic goals
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Do you want to retire before age 55?
Does Your Job Require You To Work In The Sun?
Once is nifty, twice is thrifty
Positive Gearing Can Achieve Exceptional Returns
How Salary Sacrifice Into Superannuation Can Work.
Our Solution to Keeping Adequate Records
Tax Deduction for Interest
Shareholder Loan Review
Commission or Gift?
New Penalty - Late Lodgement
Direct Property Strategy at Work - Update
Interest Rates. What Now?
How to Read an Insurance Policy
GST - Can tenants refuse to pay GST?
Amendments to Social Security Gifting Rules
New Social Security Gifting Rules
Retirement - How Much do I Need?
Body Corporate Liability Concern
How old is Your Log Book?
Your Personal Tax Return Checklist
Your Business Tax Return Checklist
Do you want to retire before age 55?
Make your dream to retire early a reality. Whatever your financial situation, with the right financial strategies in place, you too can learn how to retire earlier and wealthier. Leverage from these ideas from Protax.

Use our 5-step strategy and accelerate your wealth creation, starting today.
1. Invest sooner rather than later The younger you start investing, the greater the opportunity to benefit from compounding interest.  By reinvesting the income earned by an investment, you will earn more money the next time round.  A realistic and manageable target to start with is to save 10% of your gross salary.

2. Reduce non-deductible debt Credit card, mobile phone and personal loan debts are some of the biggest causes of financial strain and can be potential downfalls to any wealth creation plan.  Generally, it is better to pay off your debts from your existing savings rather than from your future income, as the interest earned on your savings is usually far less than the high rates incurred on unpaid debt.

3. Benefit from gearing A sensible plan can be a tax-effective way to create wealth.  By borrowing additional money against existing assets you can grow your portfolio and accelerate your wealth creation.

4. Protect your income For around 1-2% of your salary, Income Protection Insurance can ensure that up to 75% of your gross income is paid in the event of an accident or illness.  Whatever the circumstances, it is important that you sustain your income if you are unable to work for an extended period, otherwise early retirement will remain an unrealised dream.

5. Wealth creation in and outside the superannuation environment Superannuation remains the most tax-effective vehicle for you to maximise your wealth in retirement.  However, you still need to be able to fund your lifestyle pre-retirement.  Invest outside of the superannuation environment and use these non-superannuation assets to fund your early retirement.  Rely on superannuation assets when you are eligible to access them.

These are very general ideas and need a specialised plan designed with our Protax expertise, to meet your needs.