What is a novated lease?
Explained simply, a novated lease is a way for an employee to buy a new or used car, and have their employer assist in the organised repayment for that car to an agreed financial supplier. The way this is done is by the employer agreeing to make the repayment out of the employee’s pre-tax salary […]
Thinking about buying an investment property?
Australians love nothing more than buying property. Investing in bricks and mortar is a comforting and often easy investment decision for many investors, particularly those who feel at ease with buying something tangible. This love affair has only deepened since legislation changed to allow Self Managed Superannuation funds to borrow for property investment in 2007. […]
The Tax implications of being an Executor or Beneficiary of a deceased Estate
Unfortunately, having to deal with managing a deceased estate is a task many of us will have to shoulder at some stage in our lives — but having some familiarity with what’s involved beforehand will hopefully ease the burden. It is worth remembering that the law that applies to the assets and income of a deceased person […]
Maddern Accountants – July Newsletter
Welcome to the 2015 Financial Year; we hope it is a prosperous year for you and your finances. In this months’ newsletter, we will cover a variety of interesting topics. Many of you will have at least heard of Bitcoin, and some may have even used the new digital currency. Bitcoin looks set to revolutionise […]
How do successful people start their day? An interesting insight
There has been much media focus recently on the habits of highly successful people. Articles have featured in the New York Times, the Economist and the Wall Street journal, questioning the über successful on just how they start their day. Founder & Executive Chairman Dr. Dennis J. Maddern was recently interviewed by The New Daily, on […]
How much superannuation is enough?
We all like to think that when we reach retirement age, our superannuation will have enough in it from our employer contributions to start drawing an income that will keep us going until the end. For many Australians however, this sadly won’t be the case. It is never too early to start examining what you […]
Maddern Accountants – June 2014 Newsletter
With the imminent arrival of the new financial year, there are usually a few small changes in the tax system to get used to, but this year is an exception. We sketch out the post-July 1 tax and super landscape, but also list the government announcements from the Federal Budget that may also prompt a […]
Highlight of last nights Federal Budget – How does it impact you?
Major changes include Super contributions cap increased Super tax for high earners increased Baby Bonus abolished Income tax cuts on hold Medicare levy increased Childcare rebate frozen Superannuation The budget essentially confirmed previous superannuation announcements and in some areas provided additional clarification. The key measures previously announced include: Concessional contributions cap increased to $35,000 As […]
We have been shortlisted for an incredible award – and we need YOUR help!
We are thrilled to announce to our clients, colleagues and friends that our Maddern TV video channel has been shortlisted for an incredible award; the MAX: Marketing, Advertising and Sales Excellence Awards, which shines a spotlight on the achievers and innovators in the field of marketing and sales within the Australian financial services industry. https://www.maddernfinancial.com.au/private_wealth/tv#.U3GS1vmSzwo […]
ABC program highlights the key difference between bank financial planning and boutique financial pla
Those of you who viewed the Four Corners program “Banking Bad” last Monday night would be rightly horrified at the product-focused culture exposed within one major Australian banks’ financial planning arm. One journalist commented that “Every time the light is shed on this organisation, it seems, it spots a cockroach scuttling away to the safety […]