There are many reasons why people are attracted to borrow money to invest in bricks and mortar. One of the most common reasons is the ability to offset the cost of owning the property against assessable income – a strategy known as ‘negative gearing’. Negative gearing occurs when the operating costs of a property is …
Below is a recording of a webinar hosted by Wakelin Property Advisory and us on 13 September 2017. Jarrod and I provided an update on what’s been happening in the property market, tax changes and planning, an update on the mortgage market, an analysis of the recent super changes and we answered plenty of questions. …
All the fuss of the 2017-18 Federal Budget was targeted around the big banks, their large profits and the levies which the government intends to impose on them – which we all know will be passed onto the consumer. However, the Budget also included some proposed changes that might impact you personally. This blog provides …
The number one comment that clients tell us is that they want proactive advice from their accountant. Traditionally, seeing your accountant meant visiting the number cruncher at the end of the financial year who gave you historical information, advised how much tax you will get back or pay and provided no real proactive advice. The …
Small businesses are described as the backbone of the Australian economy – making up 96 per cent of the Australian economy, employing over 4.5 million people and producing $330 billion of Australia’s economic output per year. The Government has finally reduced the red tape burden for small businesses, providing certain concessions for those who qualify …
An investment property should be selected based on the likelihood of it generating strong capital growth rather than secondary benefits such as rental yield or negative gearing. However, saying that, this doesn’t mean we shouldn’t maximise the gearing benefits of your current or future investment property to save on tax! So, if you’re looking to …
The changes to super announced by the Turnbull Government in the federal budget in May 2016 became law this week. There are a few financial planning opportunities that you should be aware of. Super contribution planning can be deferred until May each year Self-employed people currently have greater flexibility with how and when they make …
Below I have set out a summary of the personal tax and superannuation changes announced in the budget on 3 May 2016. In summary, the tax benefits associated with contributing into super for higher income earners (i.e. > $250,000 p.a.) are proposed to be scaled back. Whilst it is still largely beneficial to contribute the …
Is insurance a waste of money if you never need to make a claim? What about a situation where someone has no cover, acknowledges that they need some cover but procrastinate about getting cover organised. A year goes by and they still don’t have cover but also they haven’t needed to make a claim so …
How you structure your loans can have a large impact on the tax you pay, your risk, your ability to build wealth, your cash flow and your general financial strength. Efficient loan structuring is a commonly overlooked and rarely understood topic but that’s not to say it’s overly complex. Like anything, you don’t know what …
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