Blog – Maddern Financial Advisers
Be ahead of the news in accounting, private wealth and finance
Tax and the family home
20/Jul/2016
Australians love property and for the property owners among us, it’s been a nice feeling watching market values rise. It’s worth remembering though, the tax man could want a share if you sell. Unless the property is your primary residence, you could find capital gains tax (CGT) taking a cut of your profits. CGT applies […]
Buying a business
06/Jul/2016
Set yourself up for success Many of us dream of running our own business, with all the independence and satisfaction that offers. While striking out on your own can be personally and financially rewarding, getting off to a good start is crucial to success. So if you are seriously thinking about becoming your own boss […]
Self worth = net worth
04/Jul/2016
How to build confidence and change your financial direction At the start of the year, many people reassess their finances in preparation for the year ahead. This inevitably involves a review of income sources. For many people, this is a bit of a sore spot as it can cause doubt or regret about career choices. […]
End of Financial Year Checklist
01/Jun/2016
Planning for the end of the financial year is a little harder this year, with a federal election just days later which could result in sweeping changes to superannuation, negative gearing and business taxation. All the more reason to get on the front foot to make the most of the current tax arrangements while you […]
Preparing your business for sale
29/Sep/2015
You may be retiring, changing direction in life or have met your established goals and the time has come to sell your business. The pre-sell, negotiations and transition out can be a stressful time in any business owner’s life, but by having a clear plan in place from the moment you decide to sell, the […]
There’s more than you think – Tax Concessions for small businesses
16/Sep/2015
At Maddern Accountants, it’s safe to say that we L-O-V-E small business. From micro businesses and soloprenuers, to established small to mid sized companies turning over 7 figures per year, our passions rest in seeing small businesses work hard for their owners. We constantly see research which illustrates the impacts and benefits small business has on our economy. It is estimated […]
4 ways to trim your small business overheads
06/Aug/2015
We know that in small business, times can be tough, and saving a few dollars here and there can equate to thousands and even tens of thousands over the course of the year. Lowering your expenses can mean more money to reinvest back into the business, or even better – more money in your pocket! […]
Is it tax deductible to give my clients a Christmas or Thank-you gift?
02/Dec/2014
At this time of the year it is common to provide gifts to existing clients and customers as an act of goodwill and as a thank you for their custom and support of your business. As the gift is an expense to your business it is generally considered to be a tax deduction. The ATO […]
What can a XERO add-on do for Melbourne businesses?
11/Nov/2014
Xero is truly an incredible product. Not because it is a bookkeeping program that makes you coffee, does your tax returns or magically improves your cashflow, but because of the way in which it integrates with other complimentary products known as ‘add-ons’ to automate business processes. What is an add-on I hear you ask? Basically, […]
Funding options for start-ups and new business
07/Nov/2014
Each and every year in Australia, thousands of new businesses start. Two of the questions I am commonly asked as an Accountant are “How do I source capital as a start up?” and “what sort of loan should I apply for?” We have prepared a short guide on the factors that we think are important […]