Maddern Accountants – Your new XERO partner in Melbourne
At Maddern Accountants in Melbourne, we are very excited to announce that we have recently teamed with XERO to become a XERO Partner. If you are a small to medium sized business owner in Australia and have not heard of XERO, you soon will. Xero is revolutionising business financial management by offering to its users […]
Helping Melbourne small business cashflow – how to encourage customers to pay on time
It is a courageous and credible decision to give up the certainty of a salaried wage paid on the X day of the month, every month, in return for the responsibility (and freedom) of running your own show. However, managing small business cash flow can sometimes be a juggling act, and it is certainly stressful […]
Accounting and Medical Advice for new Doctors, Dentists & Medical Professionals in Melbourne
You have slogged it out at University for many years, survived days without sleep, countless unpaid placements and the internship years. Finally, you have started (or finished) your residency placements and the real dollars are starting to flow in to your bank account. Many Junior Medical Officers & Dentists start their careers with a base […]
What is a novated lease?
Explained simply, a novated lease is a way for an employee to buy a new or used car, and have their employer assist in the organised repayment for that car to an agreed financial supplier. The way this is done is by the employer agreeing to make the repayment out of the employee’s pre-tax salary […]
Thinking about buying an investment property?
Australians love nothing more than buying property. Investing in bricks and mortar is a comforting and often easy investment decision for many investors, particularly those who feel at ease with buying something tangible. This love affair has only deepened since legislation changed to allow Self Managed Superannuation funds to borrow for property investment in 2007. […]
The Tax implications of being an Executor or Beneficiary of a deceased Estate
Unfortunately, having to deal with managing a deceased estate is a task many of us will have to shoulder at some stage in our lives — but having some familiarity with what’s involved beforehand will hopefully ease the burden. It is worth remembering that the law that applies to the assets and income of a deceased person […]
Maddern Accountants – July Newsletter
Welcome to the 2015 Financial Year; we hope it is a prosperous year for you and your finances. In this months’ newsletter, we will cover a variety of interesting topics. Many of you will have at least heard of Bitcoin, and some may have even used the new digital currency. Bitcoin looks set to revolutionise […]
Maddern Accountants – June 2014 Newsletter
With the imminent arrival of the new financial year, there are usually a few small changes in the tax system to get used to, but this year is an exception. We sketch out the post-July 1 tax and super landscape, but also list the government announcements from the Federal Budget that may also prompt a […]
Highlight of last nights Federal Budget – How does it impact you?
Major changes include Super contributions cap increased Super tax for high earners increased Baby Bonus abolished Income tax cuts on hold Medicare levy increased Childcare rebate frozen Superannuation The budget essentially confirmed previous superannuation announcements and in some areas provided additional clarification. The key measures previously announced include: Concessional contributions cap increased to $35,000 As […]
What are the proposed changes to the Government super guarantee contributions (SGC)?
To help grow Australian workers’ savings for retirement, it is intended the compulsory super guarantee contributions that employers are obligated to pay qualifying staff, will gradually increase from 9% to 12% over the coming years. When super payments are made by your employer based on the minimum 9% super guarantee rate, they will be required to increase this rate to 9.25% […]