What do you mean my credit card with nothing owing is a liability?

That’s right, in the eyes of a bank, any liability you have – like a credit card, afterpay (click here to read more about these debts) or interest free card will be treated in the most risk averse way. What that means for your credit card is: – If you have a credit card with say a $15,000 limit and you’ve never spent a single cent on it: the bank will […]

I want to buy a car – which way should I go about it?

There are a number of ways of going about buying a car, here’s a bit of pre-reading for you. First let’s be clear that the below information is relating to buying a car where there will be no taxable benefit (ie: a car for your personal not business use). If you’re not sure, chat with your accountant and get their best way to go about doing the borrowings. First thing […]