PAYG variations are attractive to taxpayers who have negatively geared investments, and receive large tax refunds when lodging their annual tax returns.
Reducing space usage and relocating to smaller premises will reduce rent costs (where the new premises have a similar cost per metre as the current premises).
Mortgage offset accounts are savings accounts that are structured so your savings balance in the account is offset against your home loan account.
If you have unused space, subleasing part of your business premises to a third party is a great short-term strategy to reduce some of your fixed costs.
Good debt is debt which works to help you build wealth and where the interest expense is tax deductible.
A partnership involves two or more partners (people or entities) carrying on a business together with a view to profit.
This strategy involves asking the landlord for a rent reduction.
Businesses in this industry install, repair and maintain ventilation, air conditioning, heating and refrigeration systems.
Debt recycling is a three-tiered financial strategy that aims to generate future wealth, reduce the home loan, and minimise tax.