You've been paying for your coffee wrong all this time

If you’re tempted by the ease of Mastercard PayPass or Visa payWave when you’re making a purchase, you’re not alone. In fact, it’s so common that many of us unconsciously pull out our cards to tap, and feel disappointed when smaller merchants do not yet have the ‘tap and go’ option. However, with more and more retailers adopting this contactless payment method, it’s important to consider how using it might affect your chances of getting a loan later. As you tap or hover your card over a payment machine to pay for your haircut, a new pair of jeans, your dinner, or even an impulse buy, your potential lenders are monitoring your every purchase. Why do they care, and how does this affect you lat

Directors' Superannuation

Salary and wages paid to an employed director are subject to the same superannuation guarantee law as any other employee. Directors fees, paid to a company director, are considered to be ordinary time earnings and therefore superannuation applies. However, payment for the performance of duties as a member of an executive body, such as a body corporate, may be deemed salary or wages which may not be “ordinary time earnings”, and therefore no super applies to these payments. If a director is engaged as a contractor principally for their labour then the ATO would deem them an employee for superannuation purposes. A director may legitimately be engaged as a contractor and yet super may still be

Providing Disaster Relief for Australian Bushfires

Australia is in the midst of an unprecedented fire season that has affected millions of acres, destroyed thousands of structures, and claimed dozens of human lives. The so unique Australian wildlife is affected even worse with a preliminary estimate suggesting that almost a billion wild animals are affected.

At Grand Financial solutions we are supporting all those affected by the bushfires through our Making An Impact program. When you choose to do business with us we will make a donation on your behalf. You will plant one tree to restore the unique Australian flora and the rest will be split equally between helping restore affected communities through BlazeAid and treating injured wildlife with the help of the Australia Zoo Wildlife Warriors.

Together we can make a difference. 

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Jo Grandovec, Credit Representative Number 487529
My Local Broker Pty Ltd, ABN 16 616 420 378 Australian Credit License 481743