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
The search is over – MYOB have made AccountRight improvements
MYOB have made some vital improvements to their AccountRight software packages over the past few months. There is one particular improvement that I think a lot of AR users will find extremely beneficial, and is definitely blog worthy because this MYOB discovery made me oh so happy I think I jumped out of my chair […] Read More
Estate Planning & Superannuation – Who do you NEED in control of your SMSF?
We have written many articles and presented several sessions at our client seminars on these issues over the last few years to demonstrate the complexity involved with getting older, incapacity and death of members in an SMSF. A case in the Supreme Court of Queensland last year (Narumon Pty Ltd as trustee for John Giles […] Read More
ATO Scam Warnings
After a run of phone calls from clients who have received text messages from the Tax Office, I thought it was a timely reminder of what to keep an eye out for to keep yourself safe from scammers. The Tax Office are using electronic communications more and more to communicate with clients about upcoming lodgements, […] Read More
Superannuation Planning – What is happening / What might happen??
Peter Cramer, Kerry Schultz and myself recently attended the SMSF Association National Conference in Melbourne. We spent some time reviewing the status of a couple of policy announcements from last year’s budget as well as reviewing some of Labor’s proposals for superannuation should they win Government. I will provide some commentary on these below: Previous […] Read More
HECS-HELP debt and repayments
If you’ve recently finished your University degree and you are now finding yourself out in the big wide working world, I strongly urge you to read this blog! If you’re like me and you’ve spent 3, 4 or 5 years slogging it out at University and you hear the words “HECS debt” it might make […] Read More
How will a Labor victory affect your SMSF? A possible plan….
I have recently read an Australian Financial Review opinion piece from John Maroney, the CEO of the SMSF Association, Australia’s premier independent professional body representing the Self-Managed Superannuation Fund (SMSF) industry. The article details how key Labor policies, if elected, will have an impact on SMSFs. Below I have extracted important pieces from the article. […] Read More
As we get closer to the end of another year and the beginning of a new year, we all tend to set ourselves goals for the forthcoming year. It is interesting that research shows that happiness is strongly linked to success. So it goes to say that once successful you will become happy and content. […] Read More