Blog – Maddern Financial Advisers
Be ahead of the news in accounting, private wealth and finance
Life cover: More essential than ever
22/Oct/2020
Living through COVID-19 has brought many challenges and shifting priorities as we deal with the financial impacts of the pandemic, and that includes the issue of life insurance.
Opportunities amidst the COVID-19 disruption
03/Oct/2020
COVID-19 is resulting in significant disruption to well-established business paradigms, impacting businesses, sectors and stocks across the board.
Inflation, deflation - what's in a name?
28/Sep/2020
When the inflation rate fell into negative territory in the June quarter, it was so unusual it begged the question of what this means for the economy. Are we facing deflation or even stagflation and what is the difference?
Getting retirement plans back on track
23/Sep/2020
After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, insecure work, or an uncertain investment outlook.
SMSFs on the defensive: Is it time to revisit your strategy?
12/Sep/2020
Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their hands.
Tax Alert September 2020 - Small business & the JobKeeper scheme extension
05/Sep/2020
Many small business owners and sole traders will be breathing a sigh of relief following the extension of the JobKeeper scheme until March next year. At the same time, however, the ATO is stepping up its compliance activities.
Building resilience to spring back stronger than ever
30/Aug/2020
Our resilience has been tested of late and continues to be, with the ongoing situation of the coronavirus pandemic throwing challenges our way.
Resilience has certainly become a now frequently used buzzword, but what does it actually mean? According to the Oxford dictionary, the word resilience means “the ability of people or things to recover quickly after something unpleasant, such as shock, injury, etc.”i It also relates to the ability to return to the original form or position after being bent, compressed or stretched.
Understanding CGT when you inherit
22/Aug/2020
Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune.
Watching our online and social spending
Make selling your business less taxing
08/Aug/2020
Selling a business you have spent so many years building up can be a difficult process, but getting the best price is not the only consideration. Tax has a big role to play in the financial result.
That means the ATO will be paying close attention. Selling a business is considered as disposing of an asset, so it triggers a capital gains tax (CGT) event.
If your sale isn’t handled correctly, you could find yourself on the receiving end of a hefty tax bill and a lot less profit than you expected.