Contact details
Waverton
Phone: 9954 9455
Fax: 9954 3955
Address:
Level 2, 100 Bay Road
Waverton NSW
Mona Vale
Phone: 9999 2344
Fax: 9999 4660
Address:
Suite 9, 90 Mona Vale Road
Mona Vale NSW
What's new?
Winner of our competition !
Yes the time arrived to draw our winner of the "referral competition" we were holding.
And the winner is...."Ms Rosso". Congratulations and enjoy your weekend up at Noosa, staying at the Sheraton Resort and enjoying a dinner on us !
Listing by latest edition
Click on an article heading to view the synopsis and link to read more.
Edition 8 view edition
Being brave at the bottom of a bear market.
Mr Subjally & Mr Winfield from CFS Global Asset Management, UK, believe the secret to surviving the bear market is the right global equities strategy.
$900 Tax Bonus
This is a reminder that taxpayers eligible to receive the Federal Government’s $900 tax stimulus bonus payment must have their 2007-08 income tax return lodged by 30 June 2009.
Tax Break (30%) allowance
As you may be aware, the Australian government recently introduced into Parliament proposed legislation to provide a 30% Tax Break in respect of the acquisition of new tangible assets in certain circumstances.
A quiz for small business owners
Try the quiz below and see how you compare to the results of a recent survey conducted by the Investment and Financial Services Association (IFSA).
Edition 7 view edition
Change we can believe in?
What are the implications for investors after the election of Barack Obama?
Edition 6 view edition
Super contributions - too much super can mean extra tax
Do you know that your superannuation contribution could be subject to additional tax if it is above the cap ?
Child Care Benefit and Child Care Tax Rebate from 1 July
There has been some significant changes to the Child Care Benefit and Child Care Tax Rebate
Investing after Garnaut
The recently released Garnaut Climate Change Review follows in the footsteps of the Stern Review, and emphasises that the costs of preventing climate change will be far less than the costs of adapting to it.
Simple strategies to minimise tax on superannuation death benefits
The popularity of superannuation as a low-tax environment within which to grow wealth, coupled with longer life expectancies, will result in an increasing number of financially independent people receiving a superannuation death benefit from a parent.
The miracle of Santa Claus
Have you ever wondered why you never see Santa Claus leaving presents under your Christmas tree? When we were young the gifts appeared like magic and even now you are older it is still important to believe in this magic.
Edition 5 view edition
Tax benefits with insurance
Building a financial plan without adequate insurance is like building a house on flimsy foundations. Comprehensive insurance cover can be a significant expense. However, the out of pocket cost of insurance can be reduced by taking advantage of the tax deductions that apply to specific types of insurance, and to some methods of implementing insurance.
Are we about to run out of oil?
Oil may well be the commodity upon which modern living is most reliant. Without it, our modern economy would rapidly grind to a halt. An oil-free world isn’t something we’re likely to see anytime soon, but oil is still set to have a bigger influence on the global economy and investment decisions than it has in the past. |READMORE| |
Volatile times – weathering the storm
Why do markets experience bouts of volatility which exceed that justified by fundamental information flow? Experience and observation tell us that investors have a tendency to act irrationally. Emotions such as fear and greed can get in the way of good decision making based on fundamentals.
Small Business Succession Planning
Many self-employed people overlook the value of the businesses they create, but with a bit of prior planning, some of this value can be released at retirement.
Income Tax application to Wash Trades
Wash Sales describe the sale and purchase of the same or substantially the same asset within a short period of time of each other. This enables a taxpayer to incur a loss to offset against a gain already derived or expected to be derived in certain circumstances.
Housing Affordability
Although the media is full of alarm about housing affordability, existing home owners and property investors should be careful when they interpret the information they see on TV.
Edition 4 view edition
Life under Labour
During last year’s election campaign, Labour strived to reassure the electorate that, in government, it would maintain the same general approach to economic policy that we’d experienced over the last 11 years. It was a key part in the new government’s electoral success.
Outlook for 2008
2008 could be one of those years when emotion overrules reason as the most powerful influence on the economy. The crisis in confidence owes its origins to the sub-prime crisis in the US. The resulting housing slump and lower consumer confidence sparked fears of a US recession, with many people worrying that this could spread beyond US shores.
Winners and Losers with Higher Interest Rates
Reading the newspapers, it seems that everyone hates higher interest rates. There’s good reason for that. Higher interest rates are supposed to reduce our spending power. But it’s a bit like medicine – a bitter taste now to make us feel better in the future.
Coping With Volatility
What a Year!
The Australian share market gave investors a bumpy ride last year. At the start of 2007 the All Ordinaries index was at 5,650. It climbed 14.3% by July, plummeted 12.2% over the following month, then put on a massive 20.9% to hit an all-time-high of 6,854 on November 1st. It closed the year at 6,421 before a miserable start to 2008.
Will this year be different?
The holidays are over but will 2008 be different financially for you? You can be sure that if you do what you did in 2007, this year will be much the same. Here are ten tips so that next Christmas you can look back with pride at your accomplishments.
Problems with car fringe benefit records
The Tax Office has warned that some employers are using inaccurate methods in dealing with the FBT obligations resulting from providing car benefits to their employees.
Tax tips for small business
The Tax Office has some useful tips and information to help businesses start the new year on the right foot.
There are some important things all small businesses need to remember, including good record keeping practices, meeting GST obligations, reporting, paying tax and superannuation.
CASH FLOW – THE KEY TO SUCCESS
In reality, cash flow is the key to survival.
Australian Securities & Investments Commission statistics tell us that in 2004 and 2005 there was an average of 18,000 businesses that entered into external administration or insolvency. Furthermore, the Small Business Development Corporation statistics tell us that 60% of small businesses fail in the first three years of operation.
Gear up your super
Self managed super funds are about to enter a revolution. New rules have legitimised a form of borrowing in superannuation – something generally not allowed in super funds.
Super tips when you change jobs
Starting a new job is an exciting, scary and busy time. The Australian workforce is more mobile than ever and the Australian Bureau of Statistics estimates that about 1.8 million people change jobs every year. Whilst doing so it is important not to neglect your superannuation.
Edition 3 view edition
How is Australia changing?
There are some interesting statistics from the latest census. What are the opportunities and what are the issues ?
Concessions for small business entities
From 1 July 2007 the ATO has broadened the criteria for a range of small business tax concessions. Small businesses with an annual turnover less than $2 million are called small business entities and may qualify for a range of tax concessions.
Fixed Verses Variable
No one size fits all when it comes to the wide range of home loans that are available. One of the major choices that you may need to consider is between fixed and variable rate interest products.
Why are DIY funds so popular?
Tax Office figures show there are now over 360,000 DIY Funds and over 40,000 new funds were established in the three months leading up to 30 June 2007.
Where self-education expenses are not deductible
In the case of Lloyd v Federal Commission of Taxation a taxpayer tried to argue that there was a perceived connection between the education expenses she had incurred while doing her PhD in Interactive Digital Media and Telecommunications and the increased income she received from her bank employer as a result of promotions.
SMSF trustee compliance checklist
This article contains a checklist outlined in the Government's Role and Responsibilities of Trustees paper which details what you must be aware of as a trustee of a SMSF.
Edition 2 view edition
Helping the Next Generation
In times of increasingly difficult house affordability, rising rentals and an uncertain interest rate future, it is natural for parents to want to help their children into their first home.
The Tax Office is your friend
In 2006-07, over 42,000 new self managed superannuation funds (SMSFs) were established and the attractiveness of the new superannuation rules means similar growth will continue for some time yet.
Changes to the CGT concessions for small business 2006/07 year
If a small business taxpayer disposes of a business, including goodwill, and is able to use the small business CGT concessions, it can potentially reduce the capital gain to nil!
Getting on top of debt
Rising living costs and the possibility of an increase in interest rates has debt counsellors talking about mortgage stress.
Getting in on the ground floor
Investing in property has proved successful for many investors. Over the last ten years Australian listed property trusts (LPTs) have returned 15.8% per annum.
ATO focus on 2007 Tax Returns
The Tax Office has advised that it will be paying particular attention to the following in 2006/07:
Ideal investment for retirees
If you are retired or getting close to retirement at least part of your portfolio is likely to include investments that provide a long-term income stream and steady growth.
Edition 1 view edition
Managing the Costs in your Business
Cutting costs can be a simple way to improve your bottom line. Introducing a cost control system can bring immediate savings and ensure that you remain competitive in the longer term.
Super place to protect your assets
If youre a small business owner, you probably think of your business as your retirement nest egg. You invest your time, energy and money to build it up and maximise its value for when you retire.
Unpaid Tax or SGC the ATO could come calling
The ATO is investing heavily in technology to target tax payers with significant tax debts and employers who have outstanding superannuation guarantee contributions on behalf of their employees.
Is Self Managed Super Right for you?
Your super is your investment for your retirement. A self managed superannuation fund (SMSF) is great for some people but they don't suit everyone. We are please to provide you with four key questions from the Australian Securities and Investments Commission (ASIC) and the Tax Office could help you decide whether self managed super is the right decision for you.
Changes for Self Managed Super Funds
As part of the 2006-07 Federal Budget, the Treasurer announced major reform to the superannuation system and released A Plan to Simplify and Streamline Superannuation.
Maintaining the Value of your Business
The majority of business owners want to realise their investment in the business at some point, but how many work at keeping their business at its optimal value and attractive to buyers ?