Blog – Maddern Financial Advisers

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Cost of living increases, future retirees will need to save more according to ASFA Retirement Standa

Cost of living increases, future retirees will need to save more according to ASFA Retirement Standa

Team Maddern
24/Nov/2014
The September quarter Retirement Standard was released by  the Association of Superannuation Funds of Australia (ASFA) late last week, and the news isn’t positive for retirees. According to the statistics, in order to live a comfortable lifestyle in retirement single retirees will need to spend $767 more per year than this time last year, and couples will […]
Tax office makes new ruling for property investors

Tax office makes new ruling for property investors

Team Maddern
18/Nov/2014
A new Tax Office ruling clarifying the criteria for deductions on income earned through specific lease arrangements may limit property investors who incorrectly claim losses on their properties. The ruling, issued mid-September, sets out parameters for claiming losses on properties that are let at arm’s length or to relatives, or on properties that are used […]
What can a XERO add-on do for Melbourne businesses?

What can a XERO add-on do for Melbourne businesses?

Team Maddern
11/Nov/2014
Xero is truly an incredible product. Not because it is a bookkeeping program that makes you coffee, does your tax returns or magically improves your cashflow, but because of the way in which it integrates with other complimentary products known as ‘add-ons’ to automate business processes.  What is an add-on I hear you ask? Basically, […]
Funding options for start-ups and new business

Funding options for start-ups and new business

Team Maddern
07/Nov/2014
Each and every year in Australia, thousands of new businesses start. Two of the questions I am commonly asked as an Accountant are “How do I source capital as a start up?” and “what sort of loan should I apply for?” We have prepared a short guide on the factors that we think are important […]
Changes to how superannuation pensions affect social security benefits

Changes to how superannuation pensions affect social security benefits

Team Maddern
31/Oct/2014
From 1 January 2015, income from superannuation pensions will be taken into account in determining whether you are eligible to receive the Age Pension (full or part payment) or the Commonwealth Seniors Health Card (CSHC).  This might affect your ability to access either of these social security benefits in the future. The social security means […]
Why are Melbourne’s best businesses switching to XERO?

Why are Melbourne’s best businesses switching to XERO?

Team Maddern
22/Oct/2014
Xero is revolutionising business financial management by offering to its users a clean interface, easy to use reporting functions, amazing support and best of all, they evolve with technology rather than behind it. Data is simply not entered into XERO, it flows seamlessly by linking to your business accounts and intuitively recognising information. Cost effective accounting and […]
Self Managed Superannuation Fund sector continuing to grow

Self Managed Superannuation Fund sector continuing to grow

Team Maddern
20/Oct/2014
The Australian Taxation Office (ATO), have just released their latest quarterly findings on the SMSF space. The SMSF sector continues to grow at an astronomical rate. There are now in excess of 1 million SMSF members with more than 534,000 SMSFs in existence, a 6% increase compared to June 2013. The number of funds established […]
Why independent financial advice is the best choice for successful professionals in Melbourne

Why independent financial advice is the best choice for successful professionals in Melbourne

Team Maddern
15/Oct/2014
With the average net worth of Australians growing beyond any levels we have previously experienced, higher income opportunities available to many and property prices in many capital cities growing at astronomical rates, it is more important than ever to seek the right financial advice. The right kind of advice can positively impact on so many […]
Maddern Accountants – Your new XERO partner in Melbourne

Maddern Accountants – Your new XERO partner in Melbourne

Team Maddern
07/Oct/2014
At Maddern Accountants in Melbourne, we are very excited to announce that we have recently teamed with XERO to become a XERO Partner. If you are a small to medium sized business owner in Australia and have not heard of XERO, you soon will. Xero is revolutionising business financial management by offering to its users […]
Helping Melbourne small business cashflow – how to encourage customers to pay on time

Helping Melbourne small business cashflow – how to encourage customers to pay on time

Team Maddern
02/Oct/2014
It is a courageous and credible decision to give up the certainty of a salaried wage paid on the X day of the month, every month, in return for the responsibility (and freedom) of running your own show. However, managing small business cash flow can sometimes be a juggling act, and it is certainly stressful […]