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?
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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*
Continue reading Using the $20k offset before it’s gone, for good.
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 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.Mick Doyle is credit representative 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)Accountplan Finance Solutions Pty Ltd (ABN22614700775) is credit representative 495434 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan.
Posted by Accountplan on Thursday, 17 May 2018
Mick Doyle is credit representative 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237) Accountplan Finance Solutions Pty Ltd (ABN22614700775) is credit representative 495434 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)
The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan.
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) Accountplan Finance Solutions Pty Ltd (ABN22614700775) is credit representative 495434 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan.
Posted by Accountplan on Thursday, 19 April 2018
Express Vehicle Finance
One of the more common strategies used by business owners to reduce tax is to purchase a car before the end of the financial year.
Continue reading End of financial year express equipment finance
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 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.Mick Doyle is credit representative 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)Accountplan Finance Solutions Pty Ltd (ABN22614700775) is credit representative 495434 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan.
Posted by Accountplan on Friday, 6 April 2018
Mick Doyle is credit representative 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237) Accountplan Finance Solutions Pty Ltd (ABN22614700775) is credit representative 495434 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)
The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan.
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 Loan borrowers and for good reason. Let start with how they work.Mick Doyle is credit representative 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237) Accountplan Finance Solutions Pty Ltd (ABN22614700775) is credit representative 495434 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)
Posted by Accountplan on Friday, 9 March 2018
Mick Doyle is credit representative 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237) Accountplan Finance Solutions Pty Ltd (ABN22614700775) is credit representative 495434 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237)
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 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.
Posted by Accountplan on Tuesday, 27 February 2018
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 Monday, 26 February 2018
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?
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.Accountplan Finance Solutions Pty Ltd (ACN614700775) and Mick Doyle are credit representatives 495434 & 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237). The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan
Posted by Accountplan on Thursday, 22 February 2018
Accountplan Finance Solutions Pty Ltd (ACN614700775) and Mick Doyle are credit representatives 495434 & 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237). The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan
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 tip this week covers the three types of deductions you can claim on your rental property.
Posted by Accountplan on Tuesday, 20 February 2018
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, 19 February 2018
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 a deduction for carrying my tools?
TAX TIP TUESDAY'S: 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.
Posted by Accountplan on Monday, 12 February 2018
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?
In this first episode of Money Monday's, Monqiue answers the popular question – can I claim a laptop or computer for my school children?
Posted by Accountplan on Sunday, 11 February 2018
February Newsletter
Download a copy of our February Newsletter
February 2018How 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 about finance, Mick will be happy to help.
Accountplan Finance Solutions Pty Ltd (ABN22614700775) and Mick Doyle are credit representatives 495434 & 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237). The advice in this video is general in nature and you should always take into account your own personal circumstances.
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
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 you truly reap the rewards of your efforts.
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 if we didn’t search on?
Watch Google’s Year in Search 2017 here.
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 loan, Mick will be happy to help.
Accountplan Finance Solutions Pty Ltd (ACN614700775) and Mick Doyle are credit representatives 495434 & 495495 of BLSSA Pty Ltd, ACN117651760 (Australian Credit Licence 391237). The information in this video is for general information only and should not be taken as constituting professional advice from the video owner Accountplan
January Newsletter
Download a copy of our January Newsletter
January 2017
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 plans the ATO has in its sights for 2018.
We’ve taken the time to summarise the key details that you need to take away from this ATO update.
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.
Continue reading Heading to Farm Fantastic, We’ll See You There!
December Newsletter
Download a copy of our December Newsletter
December 2017
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.
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 explore Australia.
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 new year from Monday 8th January 2018
November Newsletter
Download a copy of our November Newsletter
November 2017
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.
Continue reading How Working With a Bookkeeper Will Change Your Business
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, answered them.
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 money is easy – it’s making the repayments that can be difficult. Debt problems don’t strike without warning. Here are some of the most common signs that you may be in too deep.
Continue reading Debt. Signs You’re In Too Deep And What To Do About It
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 ever imagined. The skills that allowed you to start this business are not the issue, your talent isn’t what’s keeping you up at night. Having worked with countless business owners, we know the number one issue accounting for the sleepless nights and stressful days. Your numbers. Are we wrong?
October Newsletter
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October 2017
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):
Continue reading What you need to tell the ATO about your SMSF
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 they offer? Here’s what to look for.
Continue reading Seven things to look for when choosing your broker
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 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 to keep a lid on it. Dip into the pot occasionally to taste. Simmer steadily, and consume regularly after retirement.
Hmmm. Pretty bland, isn’t it? More like medicine than minestrone.
What’s missing, of course, is the most important ingredient of all – a generous sprinkling of dreams.
Continue reading The essential ingredient of a financial plan
September Newsletter
Download a copy of our September Newsletter
September 2017
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 mortgage. Doing so can save money and result in significant financial gains over time.
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.
Continue reading Refinancing could save you thousands
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 that can speed up loan repayments and reduce your loan balance. Continue reading Smart tips for paying off your home loan sooner
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 period of 10 years prior to disposal. Continue reading Contributing downsizer proceeds to Super
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 from the “3 C’s of Credit”.
So what are the 3 C’s?
August Newsletter
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August 2017