Blog – Maddern Financial Advisers

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

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.
Festive season

Tax and the festive season

Team Maddern
24/Nov/2019
As the festive season approaches it’s time to start thinking about celebrations and spending time with friends and family. For most business owners, it also means it’s time to start thinking about saying thanks to your employees for another year of hard work. But it’s important to be aware of the tax implications of any gifts and celebrations you provide, as the rules can be complex.
Safe harbour

Finding safe harbour when business is rough

Team Maddern
26/Oct/2019
Australia’s economy is growing at a slower pace than many would like, with small businesses in some sectors doing it tough. Recognising the warning signs of potential insolvency is key to trading through difficult times.
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.
Tax planning

How to make tax time less taxing

Team Maddern
25/Mar/2019
Tax time comes around with alarming regularity, so why is it that we tend to wait till the 11th hour to get all our affairs in order? Good tax planning is about more than simply maximising deductions. It enables you to focus on the big picture so you can arrange your business and personal affairs in the most tax-effective way, make the most of our services and tax updates throughout the year.
Finance

Financial rules to live by in 2019

Team Maddern
14/Jan/2019
Australia has enjoyed almost three decades of economic sunshine. But it’s worth remembering that dark clouds can appear without warning over both individuals and economies. You may have little control over being caught up in a round of redundancies or experiencing the fallout of an international trade war. But you can choose to manage your finances in a way that lets you keep your head above water come what may.
Online retail growth

Keep your cash flowing

Team Maddern
09/Dec/2018
As we head into the Christmas holiday season you are most likely looking forward to some relaxing times ahead, but one thing that should not be taking a break is your cash flow. Invariably there will be a blowout in your personal spending over the Christmas period on food, presents and holidays, while the normal household bills keep rolling in. It’s much the same for businesses. It can be all too easy in the busy lead-up to Christmas to let chasing bad debts and invoicing clients take a back seat. But if you don’t act now, you may not see any cash until February. Meanwhile your regular bills will still be coming in and wages will also need to be paid. So what can you do to make the holiday season financially stress free?
How to avoid unwanted ATO attention

How to avoid unwanted ATO attention

Team Maddern
12/Nov/2018
Nobody wants to attract unwanted scrutiny from the ATO. Tax audits can be stressful and potentially costly.
Career growth through networking

Career growth through networking

Team Maddern
30/Oct/2018
Every professional has had it drummed into them that networking is important for their career development.
Taking philanthropy to the next level

Taking philanthropy to the next level

Team Maddern
15/Oct/2018
Australians are generous when it comes to opening their wallet for a good cause.