Blog – Maddern Financial Advisers
Be ahead of the news in accounting, private wealth and finance
Calculating your working from home deductions. New tax shortcut!
16/May/2020
With many people now working from home because of COVID-19, some of the expenses your employer normally covers – such as electricity, heating and cooling – are coming out of your pocket instead.
Finding safe harbour when business is rough
26/Oct/2019
Australia’s economy is growing at a slower pace than many would like, with small businesses in some sectors doing it tough. Recognising the warning signs of potential insolvency is key to trading through difficult times.
Tax and your website: What can you claim?
28/Jan/2019
Most small businesses and independent contractors have a website these days. If you are planning to launch a new website or refreshing an existing one, it’s important to understand the tax implications. As with all things tax, it’s not always easy.
Financial rules to live by in 2019
14/Jan/2019
Australia has enjoyed almost three decades of economic sunshine. But it’s worth remembering that dark clouds can appear without warning over both individuals and economies.
You may have little control over being caught up in a round of redundancies or experiencing the fallout of an international trade war. But you can choose to manage your finances in a way that lets you keep your head above water come what may.
Cast your financial safety net
09/Jan/2019
Along with diet and exercise, getting ahead financially makes it onto many wish lists year in and year out. But a brighter financial future is likely to remain a pipe dream without a back-up if things don’t go to plan.
Keep your cash flowing
09/Dec/2018
As we head into the Christmas holiday season you are most likely looking forward to some relaxing times ahead, but one thing that should not be taking a break is your cash flow.
Invariably there will be a blowout in your personal spending over the Christmas period on food, presents and holidays, while the normal household bills keep rolling in.
It’s much the same for businesses. It can be all too easy in the busy lead-up to Christmas to let chasing bad debts and invoicing clients take a back seat. But if you don’t act now, you may not see any cash until February. Meanwhile your regular bills will still be coming in and wages will also need to be paid.
So what can you do to make the holiday season financially stress free?
Benefits of a super long engagement
26/Nov/2018
Superannuation is a long-term financial relationship. It begins with our first job, grows during our working life and hopefully supports us through our old age.
Australian property market cooling down
09/Oct/2018
The Australian housing market appears to have reached a turning point, with prices falling 2.2 per cent since peaking in September 2017.
Weighing up the cost of risk – insuring your business
03/Sep/2018
Running your own business can be rewarding, but there is also risk involved when you put your own money and reputation on the line. What would you do if your shop was destroyed by fire, a client sued over advice you gave, or your business was disrupted for months in the aftermath of a freak […]
Bankruptcy: Not the end of tax considerations
28/Aug/2018
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. […]