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CoreData’s research over the past two decades has consistently found that at any point in time, only around one in four Australians are receiving financial advice. This is a relatively low proportion considering we have also consistently found that the value of financial advice is clear, both at a tangible and intangible level. Those who...Read More
5 ways to help prepare your finances for a recession
August 10, 2020
If you think storms may lie ahead, it makes sense to prepare your craft for choppy waters. With Australia facing continued economic uncertainty, it may be time to take stock of your finances and get in the right shape. First the good news. The Australian economy fared better in the first quarter of 2020 than...Read More
How to avoid burnout and find balance
August 10, 2020
“Burnout is what happens when you try to avoid being human for too long” – Michael Gungor Isn’t that the truth. Owning a small business is not for the faint hearted. You start with an idea and your passion sets it on fire. At first working all hours and juggling jobs for other income while...Read More
Recruitment is one of the many business functionalities that needs to be done differently in a COVID-19 world. Here are some ways keep your hiring efforts up to scratch in a remote work setting. Hiring new staff has traditionally been a process that business owners have preferred to conduct through in-person interviews. The belief has...Read More
Corporate Wellness has never been so important
August 3, 2020
Corporate Wellness is emerging as crucial for SMEs preparing for return to work. Here’s what you need to consider. As businesses scramble to find the best way to safely welcome staff back into the workplace, the concept of ‘Corporate Wellness’ will be front of mind. Particularly given that COVID-19 has put an extra layer of...Read More
Give yourself a new financial year check-up
August 3, 2020
Financial year 2019-20 is now behind us and there’s nothing like closing a chapter to inspire thoughts of a fresh start. But global challenges persist: Australia is officially in a recession while also bracing for a post-JobKeeper economy in September. While it’s impossible to anticipate future changes to the global economy, there’s plenty you can...Read More
How to construct an effective portfolio
August 3, 2020
Portfolio construction is always a popular topic among investors, but as markets become more volatile, the practice of carefully piecing together a jigsaw of investments that weathers both good times and bad is particularly relevant. Effective portfolio construction is essential to successful investing, but many investors struggle to understand the underlying concepts, much less put...Read More
A handy toolkit for small business
July 27, 2020
Whether you use a registered tax agent or lodge your own tax return, it’s helpful to have information you can refer to when you want to get ready for tax time. The Tax Time 2020 toolkit is now available, and it includes a directory of links as well as several updated, and new, fact sheets...Read More
Pandemic spurs a rise in investment scams
July 27, 2020
In the current low interest rate environment, an investment product offering low-risk, high returns may sound very tempting. That's especially when the offeror implies it has the personal backing of the chairman of Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), by using his name and photos. Unfortunately, though, it's just one example...Read More
Protect my lifestyle
July 27, 2020
Humans feel losses more keenly than gains. It's better not to lose 10 dollars than it is to gain the same amount. We share the common concern that something might happen to upset our standard of living if we suddenly can't generate the income we're used to. The good news is there's plenty we can...Read More