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A letter from Murray McKinley and His Long Service Leave
June 1st, 2015"After 19 wonderful years with McKinley Plowman & Associates, I am taking much deserved long service leave. I will travel with my family, work on our beach house in New Zealand, they call it a ‘beach batch’ in New Zealand and spend some time working on the business. Aaron McCracken our Senior Financial Adviser andread more
MSI Quarterly Newsletter June 2015
June 1st, 2015MSI provides updates from its members from Australia and New Zealand for the June 2015 Quarter. The Australia Federal Budget of 2015 brings about opportunities for small businesses. Tax relief plus the opportunity to possibly restructure are just a few of the many favourable changes the budget provides to stimulate small businesses, jobs and toread more
Whats in the Federal Budget for SMSFs?
May 28th, 2015Fortunately nothing major with most of the changes having already been flagged by the media. Having said that there are a number of items that will impact some people which are not directly in relation to superannuation and we encourage you to read on... Social Security Income Test – Defined Benefit Pensions For individuals who areread more
ATO Audits – Are you at risk?
May 25th, 2015With the end of another financial year nearly upon us and thoughts turning to our next income tax returns, it is timely to consider what factors may trigger an Australian Taxation Office (ATO) audit. In recent years, the ATO has implemented sophisticated data matching technology and is better equipped than ever before to scrutinise financialread more
Help Alec Blacklaw to Raise Awareness and Funds for Homelessness in Australia
May 21st, 2015About 1 in every 200 Australians is experiencing homelessness every night. 17% of the overall homeless population are children under 12 years old. Domestic and family violence, relationship and family breakdowns, unemployment and drug and alcohol abuse are the most common reasons why people are experiencing homelessness. The experience of homelessness can trigger an aggravateread more
Superannuation Changes in the 2015/2016 Federal Budget
May 19th, 2015The Federal Budget contains no detrimental changes to superannuation, as expected – in fact, there were only a few minor changes which are listed below. Federal Budget Proposals Social Security Income Test The social security income test for individuals in receipt of a defined benefit pension from superannuation will be amended with effect from 1read more
MPM Finance Can Show You How to Improve Cash Flow and Grow a Business with Invoice/Debtor Finance
May 15th, 2015MPM Finance is showing business owners how competitive invoice/debtor financing can be used to improve cash flow and grow a business. Invoice/Debtor Finance – the facility which enables a business to realise the cash benefit of their sales without having to wait for debtors to pay – provides business owners with many advantages. While removingread more
Important Legislation Changes to UK Pension Transfers
May 14th, 2015If you have recently transferred a UK fund to Australia or are in the process of transferring, there are some important changes to legislation that may affect you. Superannuation funds are now required to amend their underlying rules in order to retain their QROPS status. In the UK, members who are under the ageread more
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