Robert Hadded discusses the importance of correctly structuring your affairs, particularly for business owners and investors. [youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=Wpjnq4f78J0[/youtube] … [Read more...] about Why asset protection is vital for investors and business owners
Archives for May 2014
Businesses: plan now for tax time Planning for your tax now enables you to make changes before the end of the financial year – changes which could significantly reduce the size of your tax liability. We encourage all businesses to conduct a tax planning session before 30 March to ensure you have time to take action and improve your tax position. Benefits of tax planning before 30 June: Make changes now so you can potentially pay less tax (only pay what you are legally … [Read more...] about Plan now, minimise business tax later
Budget 2013/14 - what does it mean for you? Key points from the Budget - with commentary provided by CPA Australia Education, the knowledge economy and the Asian Century $9.8 billion from 2014-15 will be welcome news for our schools and school teachers but Asian literacy barely rates anything but a cursory mention in this Budget. The $97 million earmarked for additional university places for nursing, teaching and Asian languages represents only around 1,650 places per … [Read more...] about Federal Budget – what it means for you
Video of Jason Cunningham sharing what Kerry told Mark... and what you can learn for your business. [youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=H0bGhSZG_x4[/youtube] … [Read more...] about VIDEO: What Kerry Packer told Mark Bouris…
Part 2: Selling your property by tender How a Sale by Tender works A tender is essentially a type of closed silent auction. When selling a home by tender, the seller will accept tenders from prospective buyers, and then consider these various offers at a pre-specified date. The offers are presented in sealed envelopes, which are kept secret from other buyers. This means that prospective buyers will remain unaware of what prices competitors are submitting. Before this process begins, the home … [Read more...] about Different methods of selling real estate
Last week, the Government announced a range of proposed changes to the superannuation laws. The aim of the changes is to create what they believe will be a more equitable and sustainable retirement income system. The following is a summary of the announced changes to superannuation: 1. Changes to the tax exemption for earnings on superannuation assets supporting income streams From 1 July 2014, earnings on assets supporting income streams above $100,000 per year will be taxed at a rate of … [Read more...] about Proposed changes to superannuation
Retirement means different things to different people, but when I refer to "retirement" I mean not needing (or wanting) to work for money anymore - to be able to afford to stop working and use built up investments & superannuation to fund your lifestyle. When thinking about our golden years, how much is enough to retire comfortably on? The answer will be different for everyone because it depends on several variables: 1) Timeframe/Longevity The earlier someone "retires" and the longer they … [Read more...] about How much is REALLY enough to retire comfortably on?
Wealth Protection, Asset Protection & Estate Planning aren't the most thrilling of topics. Most people would rather stab their own eyeball than think about it. But imagine you did stab your eyeball, and were off work for 6 months... how would your family cope? Forgive me for being cheeky, but I'm passionate about ensuring people are protected against things that will 'never happen to them'... but they happen to someone. Consider a few personal examples: My best friend passed away … [Read more...] about What happens to your family if something happens to you…?
Here's an insider's view of the key considerations when listing a property on the market, from the newest member of our Finance team, Ian Smith: Having previously been a real estate agent in Melbourne's eastern suburbs, and most recently run my own finance broking business for the past 2 years, I've learned a lot of things that can make a huge difference when listing your property for sale. I hope this helps you next time you're selling a property. Property Listing 1. When listing with an … [Read more...] about Top tips when listing a property with an agent
In this excerpt from our recent education seminar, Unlock your super to invest in property, head of The Practice Wealth Management teamMatt Morrison highlights the benefits and pitfalls of using a self-managed super fund (SMSF) to invest in property. [youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=OS8-jcm_Pok[/youtube] Keep an eye out for other education seminars and webinars (free for Practice clients), or email email@example.com to arrange a free … [Read more...] about Benefits of investing in property using your super
Jason Cunningham outlines the 4 steps to creating wealth as detailed in his financial self-help book 'Where's My Money?' [youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=ja6EVMNKRpE[/youtube] For more simple mone tips, follow Jason on Twitter: @jasecunningham. … [Read more...] about 4 steps to creating wealth
When selling your property, there are three main real estate selling strategies that your real estate agent will recommend. The following factors will come into consideration when choosing which method is best for you: The kind of property that you own Where the property is located The Real Estate Agent that you choose The current real estate market conditions in your area The timeframe in which you wish to sell your property Your personal beliefs Collectively, these factors … [Read more...] about Different methods of selling real estate
NEW-home builders are set to save thousands with the State Government boosting grants and fast-tracking stamp duty cuts. But buyers looking to purchase an existing property need to act before 30 June 2013 or miss out. First Home Buyer Grant From 1 July 2013, the First Home Owner Grant (FHOG) will increase from $7000 to $10,000 for newly constructed homes under $750,000. The increase in the FHOG will apply for first-home buyers who enter into a contract to purchase or build a new home on or … [Read more...] about New-home grants upped to $10,000; stamp duty savings fast-tracked
Matt Morrison outlines the key steps to creating the life you want once you finish working. (It's easier than you think...)[youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=6a8kLBL0gGQ[/youtube] … [Read more...] about Plan for life after work
Take action today, so you can enjoy the life you've always dreamed about when you choose to stop working. … [Read more...] about Go retire MENTAL!
Matt Morrison outlines why budgets are the key to a successful wealth creation plan. [youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=eMtHDk6Mk-A[/youtube] … [Read more...] about Budgets are sexy…?
There are several super issues to be aware of from an accounting perspective... especially now that the ATO are watching super more closely. Who do you have to pay super for? A lot of businesses get this question wrong. It's not just employees you have to pay super for - if you hire certain contractors who work solely for you, you're required by law to withhold super and pay work cover for those individuals. How much super do I have to pay? Right now, the answer's simple - 9% - … [Read more...] about Super changes that every business owner (and some individuals) should know
How you could save yourself thousands... There’s a dirty four-letter word keeping many Australians awake at night: DEBT. Before they know it, many clients we see have racked up property loans, personal loans, car loans and credit cards... it can quickly become too daunting to deal with. Rather than ignore it (no, it won’t go away), take heart: by consolidating your debt you can save yourself thousands, and free yourself from debt. We specialise in debt consolidations, and have helped … [Read more...] about Drowning in debt?
[youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=Wpjnq4f78J0[/youtube] … [Read more...] about Why asset protection is vital for investors and business owners
[youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=95CI8FpcO80[/youtube] … [Read more...] about Where’s My Money?
In this excerpt from our recent education seminar, Unlock your super to invest in property, head of The Practice Wealth Management team Matt Morrison highlights the benefits and pitfalls of using a self-managed super fund (SMSF) to invest in property. [youtube height="HEIGHT" width="WIDTH"]http://www.youtube.com/watch?v=OS8-jcm_Pok[/youtube] … [Read more...] about Video: Benefits of investing in property using your super
Alan Bliss boasts more than 30 years' experience in the accounting industry. A highly regarded member of the accounting profession, Alan commenced his accounting career in 1984, and became a partner of The Practice in September 2009 following the merger of Bliss Accountants. Alan provides services in taxation (including both income and GST), structure, financing, cash flows, Fringe Benefits tax, salary packaging, and general business knowledge. Alan has an extensive inventory of … [Read more...] about Alan Bliss
Matt commenced in the financial services industry in 2001, and has headed up The Practice Wealth Management team since 2009. He became an equity partner in The Practice in 2011. As a Financial Adviser, Matt and the Personal Wealth team work with a range of clients (couples, individuals and business owners) to help them achieve their future financial and lifestyle goals. Matt specialises in wealth creation strategies, superannuation and retirement strategies, SMSFs, wealth protection, … [Read more...] about Matt Morrison
I first joined The Practice as an undergraduate accountant in 2001, and after completing university I became a full time team member in 2004. After working my way through the ranks over eleven years, I was excited to be made a Partner of the firm in 2015. I lead a team of hard-working and highly skilled business advisers that work together to achieve outstanding results for clients. I’m passionate about helping the team develop the skills, experience and confidence to grow into the future … [Read more...] about Brad Davidson
Nick joined The Practice in March 2011 as a Client Services Manager. With over 24 years experience in public practice, he has gained business services experience in diverse organisations ranging from large and mid-tier chartered accounting firms to smaller CPA practices. Nick is known for his dedication to servicing clients and pragmatic approach in developing business and taxation solutions for his clients and team members. Nick holds a Bachelor of Economics, is CPA qualified and is a … [Read more...] about Nick Tropeano
Up to $20,000 business improvement funding available Free business review Improve the productivity and competitiveness of your business Take your business to the next level The Federal government has introduced a range of initiatives to help SME’s improve their productivity and competitiveness by providing access to professional business advisory and development services. Enterprise Connect is an initiative designed to help businesses improve by providing a detailed review of the … [Read more...] about Are you eligible for $20,000 of funding to improve your business?