Blog – Maddern Financial Advisers
Be ahead of the news in accounting, private wealth and finance
SMSFs closing the age and gender gap
10/Jul/2021
Self-managed super funds (SMSFs) have emerged from a difficult year stronger than ever. Not only have balances been repaired after the initial market shock in the early days of COVID-19, but more young people and women are taking control of their retirement savings.
New Financial Year rings in some super changes
03/Jul/2021
As the new financial year gets underway, there are some big changes to superannuation that could add up to a welcome lift in your retirement savings.
Some, like the rise in the Superannuation Guarantee (SG), will happen automatically so you won’t need to lift a finger. Others, like higher contribution caps, may require some planning to get the full benefit.
Weighing up costs and benefits of an SMSF
04/Apr/2021
For many people, the idea of managing and investing your own retirement savings is very appealing.
But there is ongoing debate over whether running your own self-managed super fund (SMSF) is cost effective. So, what are the arguments for and against having your own fund?
Contractor or employee: Which are you?
27/Feb/2021
With COVID-19 having a significant impact on traditional employment, many people are working as a contractor for the first time either by choice or necessity. It’s not just a lifestyle decision; from the tax and superannuation perspective, there are important differences between being an employee and a contractor.
Turning redundancy into opportunity
06/Feb/2021
As the economy starts to recover from COVID-19 shutdowns, some sectors may take longer than others to return to their normal operating capacity and some companies may never fully recover. That means there is still the chance that some employees could be made redundant.
Watching our online and social spending
15/Aug/2020
The changes to our daily lives of late have caused us to reframe our views on ‘screen time’, an activity that now more than ever takes up a significant proportion of our day.
Cash is king in a crisis
03/Aug/2020
Most of us understand the importance of saving for a rainy day, but sometimes it takes a crisis like the current pandemic to make us act on it.
New financial year - new perspective
06/Jul/2020
The start of the financial year is always an excellent time to take stock of your current situation and visualise where you’d like to be in the future.
It’s fair to say this year hasn’t been ‘business as usual’! While no-one could have predicted the first six months of 2020, nor want to repeat them, it’s likely there have been lessons learned. So as you review and set new goals, consider any takeaways from lockdown and how they have influenced your goals and path for the future.
Could your business do with a cash flow boost?
21/Jun/2020
The two cash flow boosts provided by the federal government to help businesses deal with the COVID-19 emergency have largely been overshadowed by the JobKeeper program, but they could provide valuable financial support to organisations that qualify.
Time to reassess your financial priorities
23/May/2020
t a time of uncertainty about the economy, not to mention unexpected social isolation, people are rethinking their personal and financial priorities.
Whether you are spending less by necessity or because you are living more simply at home, this could be a good time to reassess your spending and review your household budget.