Blog – Maddern Financial Advisers

Be ahead of the news in accounting, private wealth and finance

Small business - tax

Is your business financially fit?

Team Maddern
24/Jun/2019
The secret to a successful business is to make sure you are not just working IN your business but that you are also working ON your business. As the end of the financial year approaches, there’s no better time to give your business a financial fitness check. Of course, the best policy is to continually monitor how your business is faring throughout the year. But if you’ve been caught up in the day-to-day management then now is a good time to get back on track because you will be looking at your figures for tax time anyway.
End of Financial Year - Tax

Cruising through the finish line - Tax tips for EOFY

Team Maddern
16/Jun/2019
The end of financial year can sometimes feel like a race to the finish. To help you cruise through the finish line come June 30, we’ve prepared a handy list of tips for both businesses and individuals.
Tax
End of Financial Year - Tax

Paving the way for a smooth EOFY

Team Maddern
10/Jun/2019
As the end of the financial year draws closer, thoughts turn to tax. No doubt you can think of more enjoyable ways to spend your time than preparing for your annual tax return. So how can you streamline the process while ensuring you take advantage of all the claims that are possible?
Tax

Keeping up with the Joneses: Is it holding you back?

Team Maddern
03/Jun/2019
These days, the phenomenon of keeping up with the Joneses is more pervasive than ever. The constant bombardment of images from advertisers, as well as our friends and family via social media is making Australians feel pressured to maintain a certain lifestyle, often to the detriment of their long-term financial goals. In fact, new research reveals that over a third of Australians feel burdened by the pressure to keep up appearances.i
Business trip - Airport

Guide to travel-related work expenses

Team Maddern
19/May/2019
Travelling for work can be expensive, whether it’s visiting clients in your home town or attending a conference overseas, so it’s important to claim everything you are entitled to in your tax return. But be aware that the ATO is paying increasing attention to claims in this area.
Tax
Chairs on beach - relaxing retirement

How much super is enough?

Team Maddern
13/May/2019
Most of us dream of the day we can stop working and start ticking off our bucket list. Whether you dream of cruising Alaska, watching the sun rise over Uluru, improving your golf handicap or spending time with the grandkids, superannuation is likely to be a major source of your retirement income.
Australian parliament

Bringing the budget into tax focus

Team Maddern
14/Apr/2019
As expected, tax is the centrepiece of the 2019 Federal Budget as the Morrison Government seeks to woo voters with just a few weeks to go before the federal election.
Chopping block - franking credits

Franking credits on the chopping board

Team Maddern
10/Apr/2019
What started as an issue few people understood and even fewer cared about has suddenly become a flashpoint for self-funded retirees as we head into a federal election. Yes, we’re talking about cash refunds of franking credits.
Budget

Federal Budget 2019-20 Analysis

Team Maddern
03/Apr/2019
Treasurer Josh Frydenberg has delivered a ‘back in the black’ Budget aimed squarely at voters, stressing the Morrison Government’s commitment to financial discipline and low taxes. As expected, the Treasurer signaled sweeping tax cuts and major infrastructure spending if the Coalition wins the upcoming federal election widely expected to be held in May.
Tax planning

How to make tax time less taxing

Team Maddern
25/Mar/2019
Tax time comes around with alarming regularity, so why is it that we tend to wait till the 11th hour to get all our affairs in order? Good tax planning is about more than simply maximising deductions. It enables you to focus on the big picture so you can arrange your business and personal affairs in the most tax-effective way, make the most of our services and tax updates throughout the year.