Blog – Maddern Financial Advisers

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

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.
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.
Investing money

Smart ways to invest your tax return

Team Maddern
08/Jul/2019
Tax time can often feel like a hassle, but it’s all worth it when that tax refund lands in your account. So, what’s the best way to spend it? With last year’s average refund being $2,574, it’s no small question.i And if you are one of the lucky ones to receive a refund your options are endless. From paying down debt to investing in your future to blowing it all on a big holiday, the choice of how you spend your refund will depend on your goals and your circumstances.
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.
End of Financial Year - Tax

Cruising through the finish line - Tax tips for EOFY

Team Maddern
16/Jun/2019
The end of financial year can sometimes feel like a race to the finish. To help you cruise through the finish line come June 30, we’ve prepared a handy list of tips for both businesses and individuals.
End of Financial Year - Tax

Paving the way for a smooth EOFY

Team Maddern
10/Jun/2019
As the end of the financial year draws closer, thoughts turn to tax. No doubt you can think of more enjoyable ways to spend your time than preparing for your annual tax return. So how can you streamline the process while ensuring you take advantage of all the claims that are possible?
Business trip - Airport

Guide to travel-related work expenses

Team Maddern
19/May/2019
Travelling for work can be expensive, whether it’s visiting clients in your home town or attending a conference overseas, so it’s important to claim everything you are entitled to in your tax return. But be aware that the ATO is paying increasing attention to claims in this area.
Australian parliament

Bringing the budget into tax focus

Team Maddern
14/Apr/2019
As expected, tax is the centrepiece of the 2019 Federal Budget as the Morrison Government seeks to woo voters with just a few weeks to go before the federal election.
Blue car, tax deductions

Car expenses on the ATO radar

Team Maddern
18/Feb/2019
With almost 4 million Australians making work-related car expense claims, the Australian Tax Office has the practice in its headlights.
Website and tax

Tax and your website: What can you claim?

Team Maddern
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.