News

On our news page, you will find the latest financial news, valuable insights and new ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

Don’t forget about Small Business CGT Concessions

By David Lloyd
We’re now a few months into the 2017-18 financial year and the much-discussed superannuation reforms have now been implemented, the most significant of which is the $1.6 million cap on all new and existing pension accounts. However, something we thought it worth touching on which may have been overlooked in the midst of all the changes is the use of Small Business CGT Concessions.

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Protecting yourself while helping your adult children

By John Barton
As parents, much of our time, energy and money is directed towards ensuring our children have the best possible start in life, as well as providing them with the means to become productive members of society. However, as our children become adults and begin their own families, the focus tends to shift to securing our own retirement...

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The collapse of Nant Whisky – a cautionary tale for investors

“Investors losing millions of dollars, bar staff taking cash from the till just to get paid and a former cricketer dropping out of a high-profile marketing deal” ... Sounds like the beginnings of a financial catastrophe, doesn’t it? That’s because it is.

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MGD Director shortlisted for prestigious SMSF Award

MGD Director Andrew Albury has been shortlisted as one of nine finalists in the SMSF Adviser of the Year category of the Queensland 2017 SMSF and Accounting Awards. The Awards recognise individuals and businesses that are making their mark in SMSF and accounting advice by championing professionalism, quality advice and innovation...

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Five Money Tips for Young Professionals

We understand that as a young professional, you’re juggling a number of competing priorities, and that it can be difficult finding the time or headspace to think about your financial future. However, with age on your side, you are in a powerful position. We've shared five considerations to help get you started in building the foundations for your financial future...

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What happens to SMSFs if members go overseas?

While living and working abroad can be an attractive option, there are a number of things to take into consideration beforehand. This includes SMSF compliance.

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10 super and tax planning tips for end of financial year

Here we share ten superannuation and taxation planning strategies you may want to consider in order to boost your retirement savings, maximise Government entitlements, avoid potential penalties and ultimately, reduce your tax payable before end of financial year.

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Federal Budget 2017 – Social Security

Overall, the Budget said the Social Security budget Social security and welfare function are estimated to increase by 3.3 per cent in real terms from 2016-17 to 2017-18, and by 8.9 per cent in real terms from 2017-18 to 2020-21...

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Federal Budget 2017 – Taxation

Key business and personal tax points to note from the Federal Budget 2017 announcement, including an extension to the $20,000 instant asset write-off for small business...

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Federal Budget 2017 – Super

Key points from the Federal Budget 2017 announcement, including the use of LRBAs to be included in a member's total super balance and transfer balance cap from 1 July 2018 ...

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7 things I’d tell my younger self

Hindsight is an incredible thing and what’s more, hindsight brings with it 20/20 vision. When you think about it, of all the people to take advice from, the best person is really you. Or, the ‘older you’ specifically. You know you best.

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Don’t let the super reforms unravel your estate planning

There is now only 13 weeks left before the Government’s new super reforms kick in. This means, there is only 13 weeks left to rethink your super strategy and make any necessary changes to ensure you get the best financial outcomes and avoid potential penalties. Time is running out.

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Education Bonds: Investing for Children and Grandchildren

Last week, we introduced the concept of an insurance bond for tax-effective saving outside superannuation. We also touched on a unique sub-class of insurance bonds, known as education bonds, which can be used to invest for your child/grandchild’s future in a tax-effective way and to make certain educational expenses tax deductible.

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The next best tax structure outside superannuation

Superannuation has long been hailed as the best tax structure in Australia. However, it isn’t the only long-term investment option available and with the impending legislative changes limiting how much can be entered and invested into super, now is a good time to review the next best option.

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Superannuation changes: What you need to know

2017 is going to be a big year for superannuation. As end of financial year nears, we thought it worth outlining what changes you should make note of and what you can do to make sure you’re taking advantage of them before 1 July 2017.

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7 ways to kickstart 2017 – and make it your best financial year yet

If there is one thing 2016 taught us, it is that peace of mind is a valuable thing. We are both excited and hopeful for the year to come and have shared 7 tips to help make 2017 your best financial year yet and to help you achieve peace of mind for the year to come, regardless of what events unfold this year.

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Is your retirement at risk? The cost of an underinsured adult child

Many individuals view life risk insurances as something very low down on the financial priority list – only really considering it after a major life event occurs (such as a new mortgage or the birth of a child). However, leaving it too long may cost your future self (or your children) money and potential difficulties.

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