"Grandpa, please don't buy me any birthday, or Christmas presents, instead invest the money for me".
Assuming an initial investment of $2,000, and Grandpa making regular monthly contributions of $150 with an average return of 5.00% after tax (managed funds, shares etc.), little Sam would have accumulated $67,000 at age 21.
If the monthly contribution was increased by another $50 to $200 a month the accumulated savings at age 21 would be $88,000.
A regular savings plan, because of compounding (e.g. interest on interest) makes a significant difference.
ASIC's Money Smart site has a calculator that shows the outcome of making an initial deposit and then regular set and forget monthly payments.
Try out different scenarios based on your situation. [
ASIC - Compound Interest Calculator]
Australian company directors will be required to sign up to a new identification scheme designed to curb illegal phoenixing activity under new laws unveiled by the Federal Government.
The long-awaited director identification numbers (DIN) draft legislation has been released by Treasury, alongside measures to simplify business registration processes. But has as yet not been passed as at this date.
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There can be varied sources for some of the myths about tax deductions —pub-talk, BBQ-banter, hairdresser-homilies, what-your-taxi-driver-just-heard and many others. 
The number of suburbs with ridiculously unaffordable house prices has tripled despite Australia being in the grip of a record property market downturn.
Key points:
In this issue:
Around 1.6 million Aussies are being told “you can no longer hide” as the tax man ramps up a major crackdown on this $100 billion area.
Do you own a residential rental investment property?
Then you should read this Guide to see what you can and cannot claim, as there have been some significant changes to the rules. 
With the Federal Election and uncertainty around negative gearing and capital gains tax now in the rear-view mirror, the commercial property market is again in investors sights.
But just how well has the market performed over the pas 12 months? The attached Sales Report from Burgess Rawson, highlights sales in the commercial and industrial property market, including Retail, Child Care Centres, Fast Food, Medical, Automotive and other property types. 
