“The 8th wonder of the world”

I have been asked many times – “How much money do I need to retire on?” My answer is always the same – “it depends on what your living style will be when you retire”.  If you are going to take an overseas holiday every year and lavish those around you with gifts – then […] Read More

What lessons can you learn from the rich?

In the Financial Review 2017 Rich List there was an article relating to lessons from some of those people behind a number of our local house hold name businesses including Gerry Ryan of Jayco caravans, Frank Costa of Costa Fruit and Vegetable and Geoff Harris of Flight Centre to name a few. One of the […] Read More

Tax Planning

May and June is the time for tax planning as 30 June looms down on us. Accountants love 30 June and celebrate like New Years Eve. But the lead up to the end of June is very important for all businesses. Many of our clients have now completed reviews of their figures and have now […] Read More

Why do Interest Rates matter for property owners?

This seems like a pretty simple question with a very obvious answer.  The higher interest rates are the higher the interest costs payable for borrowers.  End of story….or is it? Interest rates need to be looked at in a bit more detail to try and understand how they affect your own situation, whether it be […] Read More

Remaining profitable on less income

Many small businesses are regularly facing profit pressure coming from either a moving client base to other alternatives or simply price pressure on their products due to competition. This is not just small business but also larger business as well. I recently read an article in regards to BHP and how they have tackled the […] Read More

The 6 Financial Mistakes To Avoid In your 50’s

I recently came across an excellent written by article by Jack Derwin for nestegg.com that I thought would be of interest to our readers. This was of particular interest to me as I am in this age group and many of my clients are as well. This article is summarised below with additional comments as […] Read More

Quiet Time is Opportunity Time

For many small businesses, January can be generally slower than other months. This is a great time to take a holiday or spend some extra time with family and friends. But it also gives rise for great opportunity to plan, organise or take on a new project. You may look at re-evaluating your goals and re-set your […] Read More

Global Financial Crisis

What happened to the dividend & interest income? According to Wikipedia the 2008 Global Financial Crisis (GFC) was considered by many economists to be the worst financial crisis since the Great Depression. The resulting panic and irrational investor behaviour saw many investors sustain significant losses when they switched out of plunging global equity markets (including […] Read More

Car Expenses

Lately I have found myself discussing the rules around claiming motor vehicle expenses quite frequently with clients so what better topic to blog about? The following rules apply to individual taxpayers and individual partners of partnerships who use their car for income producing purposes. These rules do not apply to Companies or Trusts. The claim […] Read More