LIFE CHANGES. HAS YOUR STRUCTURE KEPT UP? Investment structures are often established for good reasons. A trust may offer flexibility. A company may suit a growing business. Superannuation may support a retirement plan. The challenge is that structures can remain unchanged long after the reasons behind them have shifted. A review does not assume something…
UNDERSTAND WHAT YOUR FINANCES CAN ABSORB BEFORE CHANGING CONDITIONS TEST THEM FOR YOU No one enjoys imagining that interest rates may rise again, household expenses may increase or a property could be worth less than expected. However, testing those possibilities before they happen can help you make calmer and more informed decisions later. A financial…
HERE’S WHAT BUYERS, INVESTORS AND HOMEOWNERS NEED TO CONSIDER. Earlier this year, many buyers were worried that property prices would keep moving beyond their reach. Since then, interest rates have risen again, the Federal Budget has changed the outlook for some investors and property conditions have become softer and more uneven. Prices have fallen in…
July often feels like an avalanche of deadlines and updates, and it is easy to respond by either ignoring everything or trying to do it all at once. A simple triage approach helps you focus on the obligations that genuinely matter in July, while scheduling the rest for when your year end information is complete…
You can lodge your tax return from 1 July. However, for most Australians, doing it too early is one of the quickest ways to end up with the wrong refund, delays and avoidable ATO attention. Tax time is not a race Once 1 July rolls around, it can feel like a race to be first…
Cross collateralisation is when a lender uses more than one of your properties as security for a single loan, or links multiple loans across several properties under one security pool. In other words, your properties are tied together and the bank has a claim over more than one asset for the debt you owe. In…
Recent industry and consumer studies show: A growing share of property investors are using brokers as part of their advice team, alongside accountants and financial planners. Across the broader market, brokers now facilitate around 80% of new home loans and a similar share of refinances, according to broking industry and media reports. Australians are increasingly…
Many people think EOFY tax planning is only about finding more deductions. However, without professional review, you may miss important compliance issues or planning opportunities that the ATO could flag in an audit. Issue 1 Family Trust Distribution Tax (47% FTDT) If your trust has made a Family Trust Election (FTE), distributions outside the nominated…
The end of the financial year (EOFY) is approaching, and for many Australians, it means scrambling to gather receipts or worrying they have left thousands of dollars on the table. However, the most financially astute individuals and business owners do not wait until 29 June. They schedule a tax planning session now, in late April…
The Federal Budget has created structural advantages for new build investors, however one critical factor often overlooked is timing – when you buy can now be just as important as what you buy. With the Budget reforms redirecting tax advantages towards new builds, investors considering house and land packages or new apartments face timing considerations…