Insights

All businesses face the necessity and reality of expenses. However, when was the last time you reviewed the expenses in your Management Letting Rights business (MLR)?

A Management Letting Rights business (MLR) is an enterprise that involves the caretaking and letting of townhouse and unit complexes (strata titled properties). There are over 4,000 MLRs operating in Queensland with the majority focussed on holiday letting outside Brisbane.

Archer Gowland has developed a tailored program specifically designed for owners of Management Letting Rights businesses (MLRs) in Queensland.

The Archer Gowland Family Office is your single, trusted point of contact for your business advisory, taxation, insurances and wealth management.

 Management Letting Rights businesses (MLRs) offer a relatively secure way to invest and earn an income and build a saleable asset while still being "your own boss".

This article has been written for high net worth professionals, business owners, and partners and directors of professional services firms, including law firms. It provides you with an update on the property market and recommendations for investors in this space. 

Last week the Dow fell more than 1,000 points. Today we have seen the Australian share market experience the same volatility as in the 2012 global financial crisis with a four per cent slump equating to almost $60 billion being wiped from the value of Australian companies.

This blog article has been written for high net worth professionals, business owners, and partners and directors of professional services firms, including law firms.

"Am I Paying Too Much Tax?" is a common and valid question in the market. Partners and directors of professional services firms (including law firms, financial services, IT, HR and management consultancies) need to regularly assess their taxable situation and generate tax efficiencies wherever possible. 

Partners and directors of professional services firms are typically focussed on meeting the needs of others. You work hard to advance and protect your clients, however how often do you stop and consider your own growth needs? For example, do you have a personal Wealth Plan / Lifestyle Plan?