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
Eat that Frog
“Eat that Frog”. Eat the what I hear you say. As you are all aware, at Green Taylor Partners we try and be as proactive as we can for our clients. Part of this is doing additional reading which not only includes compliance related information, but ways that we can generally assist our clients. Whilst […] Read More
Employees – Want some easy money??
One of the frustrations many of our employee clients have is they are sometimes limited in their ability to claim tax deductions to help reduce their taxable income. However, one of the changes made in last years’ Federal Budget is currently flying under the radar due to the focus on many of the other complex […] 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
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
Top 10 tips to help rental property owners avoid common tax mistakes
The following are the ten common mistakes that the ATO have identified with rental property claims: 1. Keeping the right records You must have evidence of your income and expenses so you can claim everything you are entitled to. Capital gains tax may apply when you sell your rental property. So keep records over the […] Read More
How to lose customers to save very little!
Recently I came across an article published by mybusiness magazine that I thought was very relevant in today’s cashless society. This was reinforced by an experience that I had not that soon after. The following is a summary of that article. Businesses are being urged to weigh up the costs of credit card surcharges, as […] Read More
8 Money Ideas for the Early Years!
As we approach the festive season, financial discipline (along with dietary discipline) tend to fall by the wayside and New Year’s resolutions about getting yourself into shape are usually the result. Here are 8 simple ideas to guarantee your long-term financial fitness. 1. Ditch some or all of your credit cards As of September 2017 […] Read More