Why You Might Want to think about Cyber Liability Insurance
One of the biggest increasing risks for businesses in Australia is cyber security. The financial consequences of these issues can be severe – the average cost of a cyber incident in Australia is around $250,000. Ensuring that your business is protected against such risks is something most ...
Benefits of a Self-managed Super Fund
With so many options for super, how do you know if your fund will provide you the most for your retirement? Super funds pool your money with other peoples’ and are typically controlled by fund managers. Most funds aren’t accessible by their members until their retirement. Australian employers ...
Switching to Online Accounting Technology – The Benefits of Xero
Lockwood Partners have recently been recognised as a Platinum Partner with the cloud accounting platform Xero. If you don’t already know, Xero is accounting software technology designed to save you time on your bookkeeping so you can spend time on what really matters – your business. We ...
Giving Your Children a Hand in the Property Market
Entering the property market is an important life event that requires careful thought and preparation. This significant financial commitment often sees parents helping their children to secure property in one way or another. Parents often help their children enter the property market by acting ...
Moving To A Paperless Office
The concept of moving to a paperless workplace has been on the radar for many years, and it has become more feasible as technology continues to advance. Why then, in 2019, do we still rely so heavily on physical paper? Here are some of the key factors causing us to hold onto paper documents: ...
Teaching Your Family About Wealth Management
Ensuring the prosperity of your biggest legacy, your children, is no easy task. A popular sentiment that transcends cultures around the world is that it takes just three generations to lose family accrued wealth. The likely reason behind this is that when a generation grows up without financial ...
Types of Insurance to Consider for Your Business
Being a business owner is something many people aspire to and others are proud to have become. Having your own business comes with a wide range of considerations and responsibilities. Accountability increases with position and when you reach the level of ownership, so too does your ...
Strategies to effectively manage the transition of wealth across generations
Research has shown that three-quarters of the time, wealth substantially decreases when passed through generations. Moreover, almost all assets are exhausted by the third generation. Lack of effective planning is often the root cause of this issue, which means it is crucial to construct a ...
How to Know if a Loan is Right for You
What are the criteria for assessing if a loan is the most appropriate for the buyer’s needs? At some point, just about everyone has to take out a loan to pay for something. It’s a very important decision that shouldn’t be taken lightly. Depending on your understanding of the loan facility, or ...
Understanding Your Home Insurance Policy
We never think that our home will be threatened by fire, flood or natural disasters. It’s something that could happen, but mostly to other people. Life never works out that way though. Insurance works as a way to financially protect yourself, and in the event that something horrible does happen ...