The following are the latest articles and news from the team at Judge Accountants.
After being first announced in the 2015 Federal Budget, there are some changes to the age pension that will come into effect on 1 January 2017. Here Matthew McCabe from Judge Financial Planning looks at what an increase or decrease in pension will mean, especially those that could have their pension entitlement removed completely. What … Continued
When it comes to markets, the basics are supply and demand, however these all-encompassing terms are nuanced. Depending on your location or property type, the factors that drive demand can be wide and varied. The team at ‘Herron Todd White’ provide an insight on what drives demand in their particular patches. Sydney The factors that … Continued
Following on from proposed superannuation changes announced in the Federal Budget in May 2016, the Government has just announced the following amendments.Reduction of the Non-Concessional Contributions CapThe proposed $500,000 lifetime non-concessional cap will be replaced by a new measure to reduce the existing annual non-concessional contributions cap from $180,000 per year to $100,000 per year. Opportunity: … Continued
How Small Daily Savings Can Add Up to $1 Million by RetirementIf you want to get rich, start investing and start as early as you possibly can. “Becoming rich is nothing more than a matter of committing and sticking to a savings and investment plan,” states financial adviser Matthew McCabe. “You don’t need to have … Continued
Take Control of Your Finances with Our Personal Wealth PortalWe support a plethora of clients from a range of differing backgrounds. We have seen over the years that when clients come to us for advice, they find it difficult to account for where all their wealth is, where their wealth has gone, or what their … Continued
Traits of Successful Small BusinessesInternational research has suggested that the following characteristics consistently play a role in successful small businesses: 1. Owners leading by example The owner or manager leads by example. He or she is usually the first to arrive, the last to leave. The owner knows everyone by name and their presence is … Continued
Redundancy can be a traumatic event. It’s a challenge emotionally and financially and there are some big decisions required to help you make the most of your redundancy payout and get in control of your life and future direction.Making the wrong decision can be costlyThe truth is that many people can become overwhelmed by the … Continued
Making Performance Reviews More Meaningful and EffectiveThe performance review has become a rite of passage in the business world, yet many managers and employees fail to make the most of the opportunities these important discussions can provide. When used successfully, the annual review process can provide managers with insight into everything from employee perception of … Continued
Judge Accountants Federal Budget Update The 2016 Budget was always going to be interesting. On one hand, the Government wished to use this Budget as their policy platform for the coming election and on the other hand, a budget deficit exists that needs to eventually be reduced. We have a summary of the budget on our … Continued
The 2016 Budget was always going to be interesting. On one hand the Liberal Party wished to use this Budget as their policy platform for the coming election, and on the other hand, a budget deficit exists that needs to be eventually reduced. This Budget achieves its objectives of providing a few tax ‘perks’, whilst … Continued
RBA Cuts Interest Rates to Historic Low Amid Deflation ConcernsThe Reserve Bank of Australia has moved to head off fears about deflation, cutting its official cash rate by 25 basis points to a historic low of 1.75 per cent. Key points: Cut influenced by core inflation rate of 1.5pc — lowest reading on record If … Continued
NSW Small Business Grant: A Boost for Hiring New EmployeesAre you a small business in NSW? Have you recently or are you thinking of hiring an employee for a new job? If so, you may be eligible for the NSW Small Business Grant. The NSW Small Business Grant is designed to encourage small businesses that … Continued
For $35 per week, you could own an investment property too! This is a great case study by BMT Tax Depreciation on the benefits of owning an investment property. Owning an investment property can be far more affordable for potential investors than they think, particularly when they claim all of the tax deductions available to … Continued
How To Find A Domain Name for Your Business Domain names play a key role in how visitors to your website identify your business. This is precisely why you should spend sufficient time finding the domain name that best suits your brand. But finding a suitable name for your website is not always as simple … Continued
Efficient Business Systems Really Pay Off Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management get forgotten. Often too it must be said that … Continued
Paying Down Debt Debt can be a crippling problem for small businesses wanting to grow or just break-even during difficult times. By reducing debt you’ll improve the value of your business, its financial situation, and its ability to continue operating into the future. Assess your debt situation Take a detailed look at all of your … Continued
5 Cost Effective Ways to Advertise Your Business Advertising is an essential component of success for any business. Proper advertising ensures more sales, but if you choose the wrong options, it can be a very expensive proposition. Let’s look at five ways you can reduce your business’s advertising expenditure without affecting your results. Referrals A referral … Continued
Year End Tax Planning Now is the time to act and focus on your tax and financial planning in order to minimise tax, reduce risk, and be prepared financially for the year ahead. Effective tax planning is something that should be considered year-round and by making it a priority could result in you paying less … Continued
The True Value of Networking There are all kinds of groups dedicated to networking. Some are highly structured with performance requirements, exclusive membership, and the payment of dues. Others are free form, come as you please and no charge. Not every group is right for every kind of business. You will find that some groups … Continued
KPIs to Monitor and Improve Business Performance The key performance indicators (KPIs) for one company will invariably be different from the KPIs of another firm. What both hypothetical companies share however, is the challenge of selecting which KPIs are best suited for measuring the goals and progress of their particular business model. Indeed, entrepreneurs have … Continued
Surprisingly Destructive Habits You Should Avoid as an Entrepreneur Entrepreneurs want to have their hands on every aspect of their start-up. This is understandable, as many entrepreneurs come into their respective industries from a place of passion. Their passion will drive them to spend long nights at the office, working hard every hour of every … Continued
The big winners from Joe Hockey’s 2015 Budget are small business owners. With tax cuts on business income and the ability to immediately write-off business assets up to $20,000, small business owners have a lot to be happy about. Other people in the community were hit hard with this Budget, with overall spending cuts to … Continued
Navigating Home Loans and Interest Rates in a Changing MarketWith home loan interest rates reaching record lows I am receiving questions from clients on a daily basis about their mortgages and business loans. Whether you should have a fixed or variable loan, and offset account or a basic mortgage, and the tax impacts of negative … Continued
What is Business Benchmarking? Benchmarking your business will give you insight into how your business is performing relative to your competitors. Through benchmarking you will gain an understanding of your competitive position, your business strengths and weaknesses, and develop a process for making changes to your business which improve profits. The benefits of benchmarking are that … Continued