Blog – Maddern Financial Advisers

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

Diversity - coffees

Building wealth in diversity

Team Maddern
05/Oct/2019
What a difference a year makes. In recent months, Australian shares hit a record high, the Aussie dollar dipped to levels not seen since the GFC and interest rates were cut to historic lows. Towards the end of 2018, shares were in the doldrums and while experts agreed the Aussie dollar would go lower most tipped the next move in interest rates would be up. All of which goes to show that when it comes to predicting financial markets, the only sure thing is uncertainty. There’s no avoiding market risk, but it does need to be managed if you want to build enough wealth to live comfortably in retirement and achieve other life goals along the way.
Carving pie

Carving up your GST

Team Maddern
28/Sep/2019
Apportioning your GST obligations For many small businesses, reporting the GST you collect after issuing tax invoices to customers can be a headache. But there is a way to save time and make the bookkeeping process a bit easier – if you meet the ATO’s eligibility criteria.
Retirement, couple

Pensions to rise as deeming rates fall

Team Maddern
22/Sep/2019
It’s been a long time coming, but up to 630,000 retirees could soon enjoy a small but welcome increase in their Age Pension payments following a cut in deeming rates used for the pension income test.i
Side hustle, woman working

What you need to know if you have a side hustle

Team Maddern
15/Sep/2019
Whether it’s to pursue a passion or to make a little extra money, more Australians than ever now have a side hustle. But while freelancing, moonlighting and pursuing passion projects can be a great way to add value to your life, they can sometimes complicate how you go about managing both your time and finances.
Neighbourhood, houses

Postives and negatvies of gearing

Team Maddern
08/Sep/2019
Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead.
Apps on phone

Your life in numbers - the best apps to measure success

Team Maddern
24/Aug/2019
It should come as no surprise that we love numbers… and number crunching. Luckily for us, these days you can quantify just about anything by simply reaching for your phone and opening an app.
Australian money

Where is the best place to put your savings?

Team Maddern
11/Aug/2019
If like many Australians you’re looking for ways to put some cash away for a rainy day, a holiday or to earn extra income, the job has just become a bit harder. It’s also become more urgent if you are expecting a handy tax return.
Tune up tools

Time for an annual financial tune-up?

Team Maddern
22/Jul/2019
Checking in on your goals, finances and health We don’t think twice about taking our car in for a regular tune up. Why? Because we know it’s going to mean our car runs at its best and saves unexpected problems down the track. It follows then that we should take the same approach to other areas of our lives. From our goals, to our finances, to our health, there’s so much to be gained in checking in regularly to make sure everything’s tracking well.
Australian money

Making the most of falling interest rates

Team Maddern
14/Jul/2019
The Reserve Bank’s decision to cut official interest rates is good news for anyone with a mortgage or hoping to buy their first home, but presents a challenge for savers. Whatever your personal situation, the question now is how to make the most of falling rates.
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.