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Author: Michael Jordan

8 Last Minute Tax Saving Tips

8 Last Minute Tax Saving Tips

So it’s nearing the end of June and you might think that it’s too late to do anything to reduce your tax before June 30, right?

Using the $20k offset before it's gone.

Using the $20k offset before it’s gone, for good.

Most small businesses now know about the $20,000 tax offset provided by the ATO that was introduced on 12th May 2015. What many of you may not know is that this write off will be reduced to $1,000 from 1st July 2018*

Your EOFY Super Checklist

Your EOFY Super Checklist

It is fast approaching the 30th of June so now is the time to run through a checklist of what you need to do prior to the end of the financial year.

Why don’t the banks like investment home loans these days?

Finance Friday #8 | Why don’t the banks like investment home loans these days? Why have we seen an increase in home loan rates and what effect has that had? Mick answers these questions and more in this weeks edition of Finance Friday. Why don't the banks like investment home loans these days? Why have…
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End of financial year express equipment finance

Finance Friday #7 | End of financial year express equipment finance What would you spend $150k equipment finance on in your business? End of financial year express equipment finance What would you spend $150k in equipment finance on in your business?Mick Doyle is credit representative 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)…
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What do lenders look for in a borrower?

Finance Friday #6 | What do lenders look for in a borrower? In this week’s Finance Friday, Mick talks you through what lenders look for in a borrower; the 3c’s of borrowing that can affect a lender’s view of the borrower’s ability to borrow. What do lenders look for in a borrower? In this week's…
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How Offset Accounts work and the benefits.

Finance Friday #5 |How Offset Accounts work and the benefits. Offset Accounts are a popular option taken up by many Home Loan borrowers and for good reason. Let start with how they work. Finance Friday #5 | How Offset Accounts work and the benefits. Offset Accounts are a popular option taken up by many Home…
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Changes to rental property deductions, here’s what you need to know.

Tax Tip Tuesday’s With Monique #3 TAX UPDATE: There have been some significant changes to rental property tax deductions since our last rental tax tip video. Here’s all you need to know about these recent tax updates. Changes to rental property deductions, here's what you need to know. TAX UPDATE: There have been some significant…
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What determines whether it’s a hobby farm or a business?

Money Monday’s With Monique #3 In line with our upcoming Farm Fantastic expo, this week’s Money Monday is all about, you guessed it, farming! What determines whether it's a hobby farm or a business? In line with our upcoming Farm Fantastic expo, this week's Money Monday is all about, you guessed it, farming! Posted by Accountplan on…
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When it comes to lending, are all banks the same?

Finance Friday #4 |When it comes to lending, are all banks the same? When it comes to lending, are all banks the same? The answer is a resounding no and here’s Mick to tell you how and why in this weeks edition of Finance Friday. When it comes to lending, are all banks the same?…
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What can I claim on my rental property?

Tax Tip Tuesday With Monique #2 CALLING ALL RENTAL PROPERTY OWNERS! Are you maximising your tax deductions? Monique’s tax tip this week covers the three types of deductions you can claim on your rental property. What can I claim on my rental property? CALLING ALL RENTAL PROPERTY OWNERS!Are you maximising your tax deductions? Monique's tax…
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Do I still have to lodge a tax return if…

Money Monday’s With Monique #2 “I’m retired and receive a pension, do I still have to lodge a tax return?” Retirement and tax return requirements. "I'm retired and receive a pension, do I still have to lodge a tax return?" In this week's Money Monday, Monique answers this popular question. Posted by Accountplan on Monday,…
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Can I claim a deduction for carrying my tools?

Tax Tip Tuesday’s With Monique #1 Can I claim a deduction for carrying my tools? Accountant Monique explains the answer to this common tradie question in this week’s short tax tip video. If you would like to know more about getting your tax sorted, contact us on 3883 8999. TAX TIP TUESDAY'S: Can I claim…
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Can I claim a laptop or computer for my school children?

Money Monday’s With Monique #1 In this first episode of Money Monday’s, Monique answers the popular question – can I claim a laptop or computer for my school children? Money Monday's #1 In this first episode of Money Monday's, Monqiue answers the popular question – can I claim a laptop or computer for my school…
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February Newsletter

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How do I choose between fixed and variable?

Finance Friday #2 | How do I choose between fixed and variable? In this issue of Finance Friday, Mick Doyle, Accountplan’s Finance Manager, discusses the factors you may take into consideration when deciding between a fixed or variable loan. Accountplan is coming to Farm Fantastic this coming 2nd-4th March, at Caboolture showground. If you have any questions…
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Say hello to Kellie Phillips

Accountplan is pleased to announce our affiliation with local insurance broker Kellie Phillips of the Australian Elite Insurance Solutions (AEIS).

Reap Your Rewards Farm Fantastic

Reap Your Rewards

You reap what you sow, or so the saying goes, but do you ever feel like what you put in just doesn’t amount to what you get out? Whether you’re visiting Farm Fantastic as a keen gardener, hobby farmer or agricultural guru, getting the right advice on your accounting, tax and finance matters can see…
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Google Year in Search 2017

Search On

Google’s 2017 year in search video was the inspiration behind this months newsletter, with ‘search on’ becoming the message we want to deliver. Continually striving to learn and better ourselves, both in our professional and personal lives, is a lifelong lesson and journey. Keep asking questions and never stop learning because where would we be…
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Fixed vs variable rates, which is better?

Our first episode of FINANCE FRIDAY is here and Mick Doyle, Accountplan‘s Finance Manager, talks you through the differences between fixed and variable rates, looking to answer the question – fixed vs variable rates, which is better? Accountplan is coming to Farm Fantastic this coming 2nd-4th March, at Caboolture showground. If you have any questions about your home…
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January Newsletter

January Newsletter

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ATO Update 2018

ATO: New Targets for 2018

ATO READY, AIM, FIRE. The new year brings businesses the opportunity to review past performance, set new targets and make action plans for the year ahead. The Australian Tax Office (ATO) is no different and Australian Tax Commissioner Chris Jordan has given the Chartered Accountants publication, Acuity, a first-hand account of the targets and action…
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Farm Fantastic 2018

Heading to Farm Fantastic, We’ll See You There!

From the 2nd – 4th March we’ll be attending the annual Farm Fantastic Expo at the Caboolture showground.

Accountplan December Newsletter

December Newsletter

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Self-Service Super Contributions

Self-Service Super Contributions

NEW OPPORTUNITY TO BUILD WEALTH The 1 July 2017 super reforms have opened up a fantastic new opportunity to build wealth in super and reduce your tax bill at the same time. That is, it’s now easier to claim a tax deduction on your personal super contributions than ever before.

Secure Your Child's Education

Securing your child’s education

Giving a child a good education is one of the best things you can do as a parent or grandparent. But what if you weren’t around to help make it happen? Fortunately, you can put plans in place in your Will to make sure your children’s or grandchildren’s inheritance goes towards their education.

What’s in a Company Name?

An ASIC registration is no guarantee  Every business owner understands how critical their trading name is in distinguishing their business, products, services and brand from competitors. What many seem to have lost sight of, however, is how vulnerable that name can be, even if it’s registered with ASIC. 

A Caravan To Call Home

Whether you’re looking for a holiday away from the daily grind or a longer adventure as part of your retirement plans exploring this great southern land is a must. From the aqua blue waters of the Great Barrier Reef to the breathtaking burnt red of our rich, dusty centre, caravanning is a great way to…
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Merry Christmas

Merry Christmas to you

From all of us here in the Accountplan team, we’d like to thank you for your support this year. We wish you all a very Merry Christmas and a happy New Year and look forward to working with you in 2018. CHRISTMAS CLOSURE DATES Accountplan will be closed from Friday 22nd December, returning for the…
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November Newsletter

November Newsletter

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How Working With a Bookkeeper Will Change Your Business

How Working With a Bookkeeper Will Change Your Business

Why would your Accountant be suggesting that you also work with a bookkeeper? Surely your Accountant is looking to save you money, not recommending you add in another cost to managing your financials? But adding a Bookkeeper like Warren to your business support team will actually save you money.

10 Questions To Ask A Mortgage Broker

Ten Questions To Ask A Mortgage Broker

Using a mortgage broker to help you choose a home loan can save you considerable time and could result in huge savings. However, before you decide on a broker, you need to make sure they’re going to meet your needs. Here are 10 questions to ask and how our Finance & Mortgage Broker, Mick Doyle,…
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Debt: Signs you're in too deep and what to do about it

Debt. Signs You’re In Too Deep And What To Do About It

Are your purchases costing you more than you expected? Managing debt and finances to meet your day-to-day requirements as well as your long-term goals can be a complex task. Not all debt is bad, but understanding your level of debt, as well as the type of debt incurred, will help you manage it better. Borrowing…
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Why Every Business Needs A Bookkeeper

Why Every Business Needs a Bookkeeper

Do you own your own business? The hair salon of your dreams, the plumbing service you knew you could do better or the business coaching consultancy that you’ve been wanting to run for years? Now, do you work with a bookkeeper? Running a business is harder than it seems and more work than every business owner…
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October Newsletter

October Newsletter

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What you need to tell the ATO about your SMSF

What you need to tell the ATO about your SMSF

The 1 July 2017 superannuation reforms introduced a new reporting regime for funds. Funds now need to advise the ATO of key events within the fund that impact on retirement income streams (pensions):

7 THINGS TO LOOK FOR IN A BROKER

Seven things to look for when choosing your broker

A good mortgage broker can be the key to your property portfolio success. Here’s seven things to look for when choosing your broker. When it comes to one of the biggest financial decisions you’ll ever make, it pays to have some professional help. But how do you find a good mortgage broker, and what can…
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Life insurance explained

Are you the ‘better safe than sorry’ or a ‘she’ll be alright’ type when it comes to insurance? Many people view insurance protection as a ‘waste of money’ or ‘an ongoing cost that you don’t get anything back from’? Shockingly, many people are more likely to insure their car than they are their lives.

The essential ingredient to a financial plan

The essential ingredient of a financial plan

Here’s a recipe for a basic financial plan: Take one or more income sources and pour into a big pot. Add appropriate amounts of life, income protection and permanent disability insurance. Simmer for a few decades while slowly adding superannuation contributions and a dollop of non-super savings. Stir in some constructive debt, but take care…
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September Newsletter

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Borrowing to invest within your SMSF

Borrowing to invest within your SMSF

Self-managed superannuation funds (SMSFs) open up a whole new world of investment opportunities for your retirement savings, including direct property. But what if you simply don’t have enough money in super to buy an asset outright?

What you need to know about refinancing

A home loan is generally a long-term proposition, but in some situations it can make sense to refinance your mortgage. Read this guide to the refinancing process, and speak to your broker, before deciding whether it’s right for you. Refinancing involves taking out a new mortgage and using those funds to pay off your existing…
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Refinancing could save you thousands

And give you great flexibility. It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move.

Home Loan Tips

Smart tips for paying off your home loan sooner

Wondering how to pay off your home loan sooner? We look at some smart tips for paying off your home loan sooner. Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps…
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Contributing downsizer proceeds to super

Contributing downsizer proceeds to Super

The “downsizer contribution” is proposed to allow individuals to contribute up to $300k of the proceeds from the sale of a residence owned by a person or their spouse to their Super. The property must be located in Australia and have been owned by the individual, their spouse or former spouse for at least a…
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What lenders look for in a borrower

What do lenders look for in a borrower?

It’s true the method used to arrive at a credit decision by lenders, for a finance application, will differ from bank to bank. It’s also true that the method will differ greatly depending on the type of finance (or loan) being sought. The greatest truth however is that all methods are based on, or derived…
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March Newsletter Accountplan Redcliffe

August Newsletter

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Get organised for tax time

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