News - MGD

Undisclosed offshore income and assets? It’s time to get some advice.

By Brett Schmidt
The Common Reporting Standard (CRS) is the latest weapon available to global tax authorities in their fight against international tax evasion...

MGD Portfolio Solutions: Commentary on overnight market falls

By Stephen Furness
We have seen some significant falls overnight in the US (around 3%), and the Australian equity market is down today (around 2%).

BSB Thought Leadership Breakfast

The 2018 BSB Thought Leadership Breakfast took place last Wednesday at the Brisbane Convention and Exhibition Centre. Moderated by ABC Radio Broadcast and Presenter Steve Austin, the discussion focused on "Leadership: taught, talent or experience?"

10-years on… the balance of greed and fear

By John Barton
Ten years ago, we saw the bankruptcy of global investment bank, Lehman Brothers. In this article, John Barton reflects on the events that unfolded in 2008 and what investors can take away from it.

2018 Investor Forum

By Stephen Furness
Recently, we hosted our 2018 Investor Forum. The event took place at The Grove in the CBD with a great line up of speakers. Read on for more information, photos and a summary video from the event.

A super time of year

By John Barton
With many SMSFs busy finalising their accounts for 2017-18, now is an ideal time of year for trustees to review their fund's portfolio and investment strategies in line with legal requirements and make the changes required to ensure their fund is compliant and on the right track for the coming year.

MGD announces leadership appointment

Boutique Brisbane-based financial services firm MGD has announced the appointment of Senior Client Adviser, Stanley Feng, to the partnership of the firm, effective immediately.

ATO car claims crackdown

By Ling Dias
As 30 June approaches, the Australian Taxation Office (ATO) is making it clear that they will be keeping a close eye on work-related car expenses as part of a broader focus on work-related expenses. This article serves as a reminder to taxpayers about what they can and cannot claim for when tax time comes to ensure no penalties are applied for failing to take reasonable care.

Rotary Art Spectacular Opening Night

The Rotary Art Spectacular, Queensland's largest and most prestigious annual art exhibition, took place last month at Central Plaza One showcasing some of Australia's most exquisite art pieces. Once again, MGD was proud sponsor of the opening night.

Property Industry Foundation’s 5th annual Charity Sailing Cup

On Friday 18 May, MGD Mad Jack was one of 40 yachts that partook in Property Industry Foundation Brisbane’s 5th annual Charity Sailing Cup at the Royal Queensland Yacht Squadron. The event was a huge success, raising $60,000 net for at-risk and homeless young people.

Tackling insurance premium hikes

By Andrew Albury
If you’ve experienced a substantial increase in your personal risk insurance premiums in recent times, you’re not alone. Between 2010 and 2017, premiums rose a staggering 54.6%. Last year, they rose 4.84%, meaning the average cost of a family’s insurance policy will be approximately $200 more and likely to be much higher for professionals with significant levels of cover.

Federal Budget 2018 – Super

Mr Scott Morrison, the Federal Treasurer, handed down his third Budget on 8 May 2018. Mr Morrison said the Budget is focused on further strengthening the economy to “guarantee the essentials Australians rely on” and “responsibly repair the budget”. The Budget contains a range of measures intended to ensure the integrity of the tax and superannuation system. The super highlights include:

Federal Budget 2018 – Taxation

Federal Budget 2018 – Social Security

The 2018-19 Budget includes a big increase in the number of aged Care Home Care packages, to enable older people to receive increased services in their home rather than in residential aged care. It also includes a number of initiatives designed to encourage older people to remain engaged in the workforce, including changes aimed at older small business owners.

An important note from MGD

By John Barton
For a long time, Governments of both persuasions have worked to improve the financial planning sector and the quality of financial advice available to Australians - from the Future of Financial Advice reforms that were introduced in 2013 to the Royal Commission that is currently playing out. We have and will always fully support any initiative that leads to better advice and enhanced outcomes for Australians.

Tax and super planning for end of financial year

With 30 June 2018 rapidly approaching, now is the time to review your financial position and consider any tax or super strategies that could boost your retirement savings, maximise Government entitlements, avoid potential penalties and ultimately, reduce your tax payable.

What I noticed during the Commonwealth Games

By John Barton
Like most people, I don’t watch a great deal of free-to-air TV anymore. However, this past couple of weeks, I did watch some of the Commonwealth Games and couldn’t help but notice the number of insurance advertisements still on the air. If those TV ads are still running – they must be working, right?