Not many people actually know what Financial Advisors do. My friends and family often think I’m some form of accountant, or just some guy who knows about tax and is really passionate about the share market (which is partially true).
In their simplest form, Financial Advisors help people achieve their goals, whether that be having a holiday in the Maldives and sipping Mojitos in two years’ time, or helping a single mother afford to send her kids to school so they can get an education.
So, to help you get an idea of how you can achieve your goals, I have outlined how strategic financial planning can help you achieve 3 of the most common Australian dreams.
Travel Around the World in First Class
Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more staff (substantial employers). The Bill to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers, regardless of the number of employees has now passed the Senate and will be Law.
This means STP is set to be rolled out in stages to smaller organisations with less than 20 employees as at 1 July 2019.
What do you need to know?