Blog – Maddern Financial Advisers

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

Lifebuoy

JobKeeper Payment - Salary relief throws lifeline to businesses

Team Maddern
04/Apr/2020
If you’re wondering how you will manage the enormous business challenges presented by the COVID-19 crisis, the Australian Government has announced unprecedented assistance to help businesses of all sizes manage their cashflow and retain their employees.
Social media distraction

How to achieve focus in a world of distractions

Team Maddern
29/Mar/2020
Feel like you’re running on a hamster wheel, beholden to the constant pinging of your phone, busier than ever? You’re not alone, with the trap of always being ‘on’ a curse of the modern day world.
Coronavirus medical staff

Covid -19 safety net expanded: What does it mean for you?

Team Maddern
23/Mar/2020
What does it mean for you? In a rapidly evolving response to the spread of COVID-19, the Federal Government’s second support package announced over the weekend has flicked the switch to more income support for retirees and workers. Between the first $17.6 billion package announced on March 12, and this latest $66.1 billion package, the emphasis has shifted from stimulus aimed at keeping businesses up and running, to support for individuals to get them through the crisis.
Nest egg

Hatching your nest egg early

Team Maddern
08/Mar/2020
The summer bushfires have touched the lives of all Australians. For individuals who lost homes, businesses or livelihoods, the financial hardship lingers, prompting many to ask whether they can dip into their super to tide them over.
property investing

The ins and outs of SMSF property investing

Team Maddern
16/Feb/2020
With a property market recovery underway, most notably in Sydney and Melbourne, Australian investors are once again pursuing their love affair with property investing. For many investors, a popular way to invest directly in residential or commercial property is through their self-managed super fund (SMSF). In fact, ATO statistics show property is the third most popular asset class in SMSF portfolios.
Balancing

Getting your balance back

Team Maddern
08/Feb/2020
Overindulge over the holiday period? You’re certainly not alone, but now it’s time to get back on track. Early in the year makes for the perfect time to dust yourself off and recommit to a your version of a balanced, healthy life.
Taxes

Tax concessions: helping small businesses

Team Maddern
25/Jan/2020
Running a business keeps you pretty busy, so it’s easy to overlook the help that’s available. Many small businesses don’t realise the government offers a range of valuable concessions that can make a real difference to their annual tax bill. Depending on your annual turnover, these can include reduced tax rates, asset write-offs, simplified depreciation rules and tax-free restructuring.
Financial growth

2020 vision for financial growth

Team Maddern
20/Jan/2020
What better year to have your financial health in tip top shape than the one requiring 20/20 vision! The start of any year is always a good time to assess your financial situation and make sure you are on track to achieving your dreams, but the start of a decade is even more significant.
Road

Keeping on the right side of SMSF rules

Team Maddern
16/Nov/2019
The lure of greater control over your retirement savings with a self-managed super fund may be enticing but the freedom to chart your own destiny also comes with the responsibility to comply with the rules. An SMSF is a private super fund regulated by the Australian Taxation Office that you manage yourself. You can have up to four members in your fund, each of whom must be a trustee or, if a corporate trustee has been appointed, a director. As a trustee you are legally responsible for all the decisions made about the fund and compliance. Even if you outsource both the administration and the investment of the fund to a professional, you must still understand what they are doing because you are legally responsible. So what are the rules an SMSF needs to follow?
Success, Accountable, Business man

Make yourself accountable for your success

Team Maddern
10/Nov/2019
When it comes to career or life goals, a crucial element often missing from the discussion is that of personal accountability. Accountability is fundamental to effective government and successful business, but we often neglect it in regards to our own ambitions. Practicing personal accountability isn’t easy, but if you embrace it, the effect can be transformative.