As we navigate life’s financial milestones, many of us ask: “Would I be better off with a financial adviser?” The Financial Advice Association Australia (FAAA) recently launched its “Better Off with an Adviser” campaign, highlighting the benefits that sound financial…
The Vacant Residential Land Tax (VRLT) in Victoria, Australia, is expanding from 1 January 2025 to include all vacant residential properties, even in regional areas and those owned by the government or state entities, excluding unimproved or vacant land. Below…
As the Australian government continues to address the mounting challenges in aged care, self-funded retirees will soon face increased financial obligations. A recent article in Herald Sun - (September 13, 2024) titled Stumping Up to Fix Care, highlights how upcoming…
Embarking on a financial journey is a lifelong adventure filled with milestones, challenges, and opportunities. Each stage of life presents unique financial goals, from building a solid foundation in your early years to securing a comfortable retirement. Understanding and setting…
As Tax Time 2024 unfolds, millions of Australians are busy lodging their tax returns. It’s essential to ensure you claim all eligible deductions so that you obtain the best result. Professional assistance from the accountants at Roy A McDonald Pty…
The Financial Advice Association Australia (FAAA) have put together a Value of Advice index which measures the impact of financial planning on the lives of clients. View the full report here. Book a complimentary initial consultation to speak to…
Using money or assets from your company or trust for personal purposes can lead to significant tax consequences if not handled properly. It’s essential to ensure that these transactions are accurately accounted for to avoid unintended liabilities. Here’s a breakdown…
When it comes to claiming deductions for body corporate fees and charges, it's important to differentiate between the types of fees and their purposes, as this determines how and when you can claim them. Here’s a breakdown of what you…
Importance of Early Planning: Early Start: Financial advisers emphasize starting retirement planning early to achieve better outcomes. Early planning helps in managing major financial elements like mortgages and retirement savings effectively. Client Benefits: Starting early enables you to take action…
When buying and selling property, a valuation becomes an essential part of this process. Having an idea of a property’s value when buying a property or selling your current home will help you establish: how much you should be prepared…