Finance - Townshend & Associates

When is cash not cash? Ensure your cash investment option is what you think.

August 20, 2018 | Financial planning, SMSF

If you have read a financial report or have done some bookkeeping you may find the account “Cash and cash equivalents” you may know it may not be actual cash but in simple terms behaves very similarly to money. If you have some element of your superannuation or other managed investment monies allocated to the […]

Is optimism bias ruining your investments?

August 17, 2018 | Accounting, Business Advisory, Financial planning

An insightful article by Candice Chung from In the black. We often forget that scientific theory is applied and is the basis of over decision making, enjoy. Anyone who has ever signed a gym contract, attempted an alcohol-free month or jumped headlong into an elaborate new hobby has felt the rush of adrenalin the moment […]

Finance drives everything — including your insecurity at work

August 15, 2018 | Budget, Financial planning, SMSF

An excellent article by Professor David Peetz and puts in focus the need to find your financial journey in this world. From the conversation: There’s a common link between the many things that have promoted insecurity at work: the growth of franchising; labour hire; contracting out; spin-off firms; outsourcing; global supply chains; the gig economy; […]

Income tax rates for Financial Year 2018-2019

July 6, 2018 | Budget, Financial planning, Individual tax

Passed Personal Income Tax Rates from ATO Taxable income Tax on this income 0 – $18,200 Nil $18,201 – $37,000 19c for each $1 over $18,200 $37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000 $90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000 $180,001 and over $54,097 plus 45c for […]

“to err is human; to forgive, divine”: Protecting your credit file, more important than ever.

July 3, 2018 | Business Advisory, Financial planning, Individual tax, Mortgage Brokering

What do you know about your credit file? Do you know what credit providers you currently have? You probably haven’t heard of the “National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018″ but from the 1st of July 2018, paying your bills to credit providers on time will be recorded on your consumer […]