Encompass Financial Services

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Retirement Planning | Estate Planning | Financial Planning | Superannuation | Tax Planning | Bookkeeping | Wealth Creation | Home Loans | Conveyancing | Debt Management

Financial Advisory Services | Superannuation | AMP Products | Allocated Pensions | Deposit and Payment Products | Derivatives | Estate Planning Services | Gearing Strategies | HR Advisory | Home Loans

What is financial planning?

In essence, financial planning is evaluating an individual’s current income, expenses and assets in order to calculate a future financial situation.

Are financial planning fees tax deductible?

You may be able to claim financial planning fees if they’re in relation to producing assessable income in the future.

What is a financial forecast?

A financial forecast estimates the predicted future income, whereas a financial plan prepares the necessary steps required to generate future income.

What is financial planning for a business?

Financial planning for a business is determining how it can afford to achieve its strategic goals.