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Sometimes the only way to understand a person’s business or financial situation is by meeting face-to-face. All new clients or people looking to speak with an accounting professional are offered an initial consultation with the first hour at no charge.

If you have some concerns and wish to take advantage of a confidential personal discussion simply call 07 5536 2111 to arrange a meeting.

Welcome

Sullivan Rees is an experienced, pro-active accounting firm located in Coolangatta (Gold Coast) and Tweed Heads (Tweed Coast). We are trustworthy, friendly and helpful: we understand the obstacles you face everyday in your business, and our accounting services cover every angle to overcome these challenges. Our personal approach means you have the guaranteed stability and continuity of your own advisor assigned to focus on you and your business.

We can help you capitalise on opportunities, and when necessary minimise problems; we are there through the good and the not so good times.


FREE CONSULTATION

Sometimes the only way to understand a person’s business or financial situation is by meeting face-to-face. All new clients or people looking to speak with an accounting professional are offered an initial consultation with the first hour at no charge. If you have some concerns and wish to take advantage of a confidential personal discussion simply call 07 5536 2111 to arrange a meeting.

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In the constantly changing business environment, you can rely on our business services team to be expert, up-to-date and ready at hand to assist you with your business matters...

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Thinking strategically about future changes in the marketplace can be the key to running a sustainable business...

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Communication and effective administration are essential elements of a successful organisation. Regardless of the size of your business, we are ready to support you...

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We can help you to secure the essential finance for you and your business....

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We can help ensure that your personal wealth is managed as tax-efficiently as possible. ...

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We regularly deal with a broad range of personal and corporate taxation issues and make a point of understanding the individual needs of every client. Whether you need advice on company tax, personal tax effectiveness or indirect taxation....

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In addition to our normal services, we have a developed specialist knowledge and expertise in Self-Managed Superannuation Funds....

firm news

The risks involved in debt consolidation

Posted on November 25, 2020 by admin

Debt consolidation is a form of refinancing which involves taking one larger loan out to pay off multiple small ones. Although this might make managing repayments easier, you may end up paying more money interest rate or fees.

There will be companies that make offers which are too good to be true. If you feel that an offer is unrealistic and the company is promising that they can get you out of debt no matter what your situation is, you should reevaluate using their services. Don’t trust companies that:

The goal behind the consolidation is to manage your payments, not create more fees and interest for you. Therefore, before signing onto an agreement, check how consolidation compares with your current fees and interest rates altogether. Also, take into account expenses and penalties associated with your existing loans and whether you will have to pay more money for paying off your loan early. If the expenses work out to be more, it might not be worth going through this entire process.

Debt consolidation isn’t the only option if you’re struggling with repayments. Other options may be available which are more suited to you. You should discuss with your mortgage provider, credit provider or financial advisors to determine if there is anything that can be done.

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