I met with Steve and Tracey in 2010 to review their personal insurance policies. They were existing Business Services clients at the time. They operated a business in the civil and construction industry, which was going through an expansion phase, launching interstate.
There have been numerous destructive weather events around the country this year, and this has once again put the spotlight on the insurance industry. While the media has criticised some insurers for their slow response and lack of care, there is one thing that many policyholders are thankful for – their broker.
In a surprise announcement earlier this year, the Federal Government extended Australia’s foreign resident capital gains tax (CGT) regime by denying foreign and temporary tax residents access to the CGT main residence exemption.
The vesting date is defined in the trust deed as the date on which the trust will conclude, and the entitlements to trust capital and the income therefrom will crystalise.
For a household’s main income earner, having children is the number one catalyst for purchasing a life insurance policy. The reasons are clear; without their main income stream, how would the family feed the children, pay the mortgage or pay off the car?
The Australian Taxation Office (ATO) has recently released Taxation Ruling 2017/D6, setting out the ATO’s updated guidelines regarding when an employee can claim a tax deduction for their travel expenses and the Fringe Benefits Tax (FBT) implications of these expenses.
The lack of transparency in the current home loan market, complicated pricing arrangements and the ever changing policies around investment lending, makes deciding on the right home loan more difficult than ever before.
Every time you go to the bank to borrow money, the bank takes out an insurance policy on you.
By taking out what is known as a “Loan to Value” margin on what the property is worth versus what they are prepared to lend you the bank is taking out their form of “Risk Insurance”.
As Tax Advisors we are often asked to provide advice to business owners who are wanting to incentivise key staff. Whilst this is most likely a clear reward and recognition strategy, it is important to ensure that these employees are completely aligned with the goals of the owners.
In 1952, Harry Markowitz wrote an essay titled “Portfolio Selection” that became the basis for Modern Portfolio Theory (MPT). The concept behind MPT is that the assets in an investment portfolio should not be selected individually. Rather, it is important to consider how each asset changes in price relative to how every other asset in the portfolio changes in price.
As we move forward into the technological revolution and continue to receive services and products in dynamic and innovative ways, it’s important to also realise that technology is extending our lives like never before. A bi-product of extended life expectancies, although sometimes forgotten, is the increase of intergenerational risk that family units may be exposed to.
Being contrarian is not a simple mathematical formula. Nor does it guarantee success, which is why value investing is not more popular. Instead it requires a detailed knowledge of how a company and its industry works so you can handicap what expectations are priced into its stock and act accordingly.
With tax time here once more, the Australian Taxation Office (ATO) has taken the opportunity to issue a fresh ‘health warning’ on how to best avoid incorrect claims for work-related expenses.
Providing personal risk insurance advice can sometimes be a dry topic. However, in doing so we really have two choices; discomfort now for certainty in the future, or comfort now for certain pain in the future.
As our financial lives move gradually more online, cybercrime is becoming more widespread. As simple as a phishing email or as far-reaching as the WannaCry ransomware attack that hit more than 150 countries in May 2017, cybercrime can have devastating impacts on individuals and businesses alike.
The beauty of the end of financial year falling in the middle of the calendar year is that many get a second chance, or a new chance, to complete those ‘financial goals’ that may have fallen out of focus over the past year.
Budgets have always been a platform for governments to announce major policy shifts. However, in the modern day such shifts are typically responses to a rising wave of populism surrounding a particular topic rather than the execution of a longer term strategic plan. The 2017 Budget attempted to do both.
With 30 June quickly approaching, now is a good time to assess your current position and ensure your year-end strategies are in place.
This article highlights some of the key tax law changes that have taken effect thus far in the 2016/17 income year, and the changes that will shortly take effect that may impact on your year-end tax planning decisions.
In last month’s edition, we reviewed several key superannuation amendments which will come into effect on 1 July 2017.
This month, our experienced superannuation team takes the opportunity to examine the changes to the Non-Concessional Contributions (after tax contributions) cap in greater detail, highlighting how these adjustments will affect clients moving forward.
Unfortunately and all too often, individuals will fail to consider the importance of life insurance until it’s simply too late - and we can understand why. Life insurance typically isn’t a topic of conversation openly spoken about at the dinner table. It can be a bleak subject that forces families to consider the possibility of life after the loss of a loved one - and how can you put a price on the life of someone you love?