Blog
New Year New Goals
With another year behind us and a new one just beginning we all start the year in anticipation of it being a great year. Some of us will make New Year’s resolutions such as: – grow my business, lose weight, spend more time with the family, work less and or make more money. (Some resolutions […] Read More
Becoming a Better Investor
As you are probably aware many of us at Green Taylor Partners enjoy the philosophy of Scott Phillips, Chief Investment Officer of The Motley Fool. Scott can be read or heard regularly in Nine/Fairfax press, Money magazine, Weekend Sunrise on Channel 7 or on the Triple M – Motley Fool podcasts (which I highly recommend). […] Read More
Concessions and assistance for First Home Buyers
Concessions and assistance for First Home Buyers – and the New Home Loan Deposit Scheme is now in place with starting date 1/1/2020! In Victoria – there are concessions both in Stamp Duty costs plus a Grant for First Home Buyers – (tax free) – A $20,000 First Home Owner Grant is available to applicants […] Read More
The Hedgehog Concept
Keeping with my theme of blogs; Fish, Eat the Frog, Sacred Cows, and Mice in Who Moved My Cheese, I thought it appropriate to discuss the “The Hedgehog Concept”. For those of you that have read “Good to Great’ written by Jim Collins, you will be aware of this concept. It refers to the tale […] Read More
Are you ready for the Single Touch Payroll deadline?
For small businesses with 19 or fewer employees, Single Touch Payroll (or STP) became a requirement from 1 July 2019, with a three-month transition period granted to get STP up and running. Larger businesses with 20 or more employees were required to start from 1 July 2018. The three-month transition period for small businesses is […] Read More
Rental Property Investors & The Tax Man
You may have read in the financial pages of your weekend newspaper recently with the ATO confirming rental property investors will be firmly in their sights when submitting their 2019 tax returns. Based on recently performed random sampling the ATO has found 9 out of 10 income tax returns contain errors relating to non-compliance with […] Read More
Going to Court: A Guide to Recovering Costs
Going to court can be stressful, time-consuming and expensive. Even if you are successful in court, you will not be able to recover all of your legal costs. A court will usually order the unsuccessful party to contribute to the other party’s costs, but both parties will still face some legal costs. If you are […] Read More
Tax time is coming! Tips for rental property owners.
As we get ready to kick off the 2019 tax return season, now is a good time to look at some of the things we need to prepare your tax return. Here are some things for rental property owners to consider this tax time. I’ve purchased a property this year, what do I bring? The […] Read More
Pension Loan Scheme for Retirees
I thought it might be useful to let families know of the possible use of the expanded pension loan scheme (The Scheme) that is effective as of 1/7/19. It is a ‘reverse mortgage’ arrangement provided by the Government. It is available for people of age pension age who have property assets and who wish or […] Read More
Advantages of Forecasting
Financial forecasts are future predictions of your business finances, as compared to statements, which provide details of actual results of progress, They can assist in managing your finances. The following are five ways forecasting can help your business: Focus on the Future By forecasting on a regular basis, it forces you to continually think about […] Read More