Bankruptcy: Not the end of tax considerations
Bankruptcy: Not the end of tax considerations With personal debt on the rise, many Australians are struggling with their finances. In most cases, a repayment plan can be worked out to get you back in the black. If that’s not feasible, another solution can be to declare bankruptcy, but this can have serious implications if you are running your own small business. […]
 Read more
Maddern Financial Advisers – ifa Excellence Awards 2018
Maddern Financial Advisers – ifa Excellence Awards 2018 Maddern Financial Advisers are pleased to announce that we have been nominated for two awards in one of the financial industry’s most prestigious awards. As a local independent financial advising and accounting firm based in Melbourne we are in the running to take out an award at the independent financial advice event of the year. […]
 Read more
Superannuation and inheritance: making your wishes known
Superannuation and inheritance: making your wishes known People often think their superannuation will be treated as part of their estate when they die and distributed according to their Will, but that’s not the case. Unless you have nominated your beneficiaries, the decision as to who receives your super is in the hands of the trustees of your fund. When that happens, the […]
 Read more
How to avoid common SMSF mistakes
How to avoid common SMSF mistakes Running your own self-managed super fund can be time-consuming, but it’s about to get a little easier thanks to a change announced in the May 2018 Budget. From 1 July 2019 SMSFs will be able to move to three-yearly audits if they have three consecutive clear audit reports and lodged their annual returns on time. […]
 Read more
Tax Alert for June 2018
Tax Alert for June 2018 Budget promises tax cuts now, more later While the May 2018 Budget delivered modest personal tax concessions for the upcoming financial year to Australian taxpayers, the big news was a new long-term tax plan that will overturn the existing progressive tax system. Here’s a roundup of the latest tax news: Tax offsets for lower income […]
 Read more