Goal setting - Townshend & Associates

You are never too smart to get advice.

October 18, 2018 | Business Advisory, Financial planning

“In life, you need many more things besides talent. Things like good advice and common sense.” Hack Wilson In the financial world what constitutes good financial advice may not be seen straight away. Recent news from the banking royal commissions and our increased access to information it is not hard to understand why people rely […]

Home attached to your business? Better read this

September 19, 2018 | Accounting, Budget, Business Advisory, Equipment and Vehicle Finance, Financial planning, Mortgage Brokering

Cross-posted from mybusiness.com.au An insolvency specialist is warning business owners to be alert to the risks associated with falling property prices, given the family home is often used as security for business finance. Trent Devine, a partner at Jirsch Sutherland, suggested that the huge boom in values – particularly on Australia’s east coast – has […]

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 […]