Avoid Drama lending to a sibling who has lost their job

Avoid drama lending to a sibling who has lost their job Avoid drama lending to a sibling who has lost their job The tough decision you face when a sibling asks to borrow money. The tough decision you face when a sibling asks to borrow money It’s natural to want to help loved ones but […]

BOMAD transactions have to be mutually agreed, NOT assumed

Landmark ruling reinforces the need for a formal transaction between parents and their children Landmark ruling reinforces the need for a formal transaction between parents and their children Italy’s Supreme Court has made a landmark decision regarding parent’s obligations to financially support their children, following a five year legal battle between a 35-year-old man and […]

Changes to IRS Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates

Changes to IRS Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates Changes to IRS Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates The Internal Revenue Service announces special interest rates (applicable federal rates or AFRs) monthly, and for August Desperate small business owners seeking cash […]

SME Confidence Devastated by Second Wave

SME Confidence Devastated by Second Wave SME Confidence Devastated by Second Wave The latest wave of the COVID-19 SME Research Tracker shows that as outbreaks persist, revenues continue to fall with 78% of SMEs now reporting a decline due to the pandemic. This is the highest level reported since the inception of the research in […]

NSW government abolishes stamp duty for new homes under $800,000

Bank of Mum & Dad to help first time buyers as NSW abolish stamp duty for new homes under $800,000 Bank of Mum & Dad to help first time buyers as NSW abolish stamp duty for new homes under $800,000 The NSW state government has abolished stamp duty for new homes under $800,000, in a […]

Personal business investments & how to safeguard them

Personal business investments & how to safeguard them Personal business investments & how to safeguard them The impact of COVID-19 on both personal and business financial arrangements is going to be critical over the coming months, if not years. As such it’s critical that SMEs solidify, or take some measure of action to safeguard, their […]

Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans

Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans Parents whom lend to their children will now need to have repayment plan documented as banks tighten up post-retirement mortgage repayment plans Major bank introduces new serviceability probe Brokers will now be required […]

Covid fall-out will impact housing market – even for the young

Covid fall-out will impact housing market – even for the young Covid fall-out will impact housing market – even for the young In a falling housing market, loan-to-value ratios and deposits may well become a barrier make the Bank of Mum & Dad more important than ever. Someone said to me the other day “Well, […]