Financial education – Rich Dad, Poor Dad

On a recent holiday I read one of the latest book or Robert Kiyosaki, Why the Rich are Getting Richer. This is a reminder of the points taught in Roberts bestselling book, Rich Dad Poor Dad. For those that are not familiar this book the story behind the book is of Roberts Poor Dad, who […] Read More

Property Investment Traps for Investors to Avoid

There are always tips and traps to remember when property investing but here are some traps investors should avoid: 1) Lack of Property Maintenance Like any investment, your property and your tenants need to be treated with respect.  If your property falls into a state of disrepair this can result in a multitude of problems.  […] Read More

Moneyball, life lessons

I recently watched the end of great movie which I had not watched in quite a while called Moneyball, a movie centred around baseball and starring Brad Pitt. For those that have not seen the movie, I highly recommend it. The movie is based on a actual events, following the Oakland Athletics baseball team throughout […] Read More

Business losses to scams up 23%

According to the ACCC’s ninth annual Targeting Scams Report released on 21st May 2018, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting Network (ACORN) and other federal and state based government agencies 2017. Total losses reported were $340 million – a $40 million increase compared to 2016. Investment scams […] Read More

Dual Cab Utes – the ATO is on the lookout

Dual cab utes have become very popular over recent years – and sales are booming.  One reason is that due to the general improvement of dual-cab utes, including the size and comfort of the vehicles, many business owners are purchasing these vehicles for use as a family vehicle to go to the beach, tow caravans […] Read More

Secrets to get you on the path to profit

Just read a great blog on the 3 tips to get you on the path to profit.  I must say that it is interesting that it referred to 3 tips. I remember attending a session and there was an ex US Marine presenting. He referred to the rule of three.  That is we cannot concentrate […] Read More

Don’t give shares to children – Minor Shareholders

Don’t put shares into your children’s names! Over the years (and there have been quite a few!!) I have often been asked by clients about investing money into shares for young children – so as to build up investment balances “over the next 20 years or so”. Whilst the intention is great, there are potential […] Read More

Should you go guarantor for your adult children?

This is a question that we, as trusted advisors, get presented with quite often. This is becoming more prevalent as millennials appear to get priced out of the property market as they aspire to purchase their first home and parents are anxious to help where they can. According to recent Westpac research, 6% of Baby […] Read More

Sharemarket Volatility

Can you handle the truth?? There have been some amazing swings on the US Sharemarkets’ Dow Jones Index in the last few weeks.  On some days the market has been close to 1,000 pts (approx. 4%) down during a daily trading session. Obviously, the Australian Stock Exchange behaviour tends to mirror what is happening overseas […] Read More

New Payments Platform

Having recently attended a technology showcase for accountants I learnt of a new payments platform (NPP) that they are expecting to roll out in the early part of 2018. The NPP will allow for the transfer from bank account to another account in real-time, rather than waiting for the funds to be cleared over a […] Read More