Tax Planning

/Tax Planning

More on the Federal Budget…

Yesterday we posted an article on the likely effects of the Federal Budget from the SMSF perspective. Today we publish a list of the broader areas in which major changes were announced. Naturally, there is a lot more detail behind each bullet point, so if you are interested in finding out more, please don't hesitate [...]

2018-01-22T08:14:23+00:00 May 11th, 2017|

Gain a pre-30th June tax advantage.

With the end of the financial year almost here, now’s the time to be thinking about ways you can organise your finances to gain all possible advantages. Start with the usual suspects – like tracking down all expenses that you can legitimately claim as a tax deduction. Think about all your work-related motor vehicle, self-education [...]

2018-01-22T08:14:26+00:00 May 24th, 2016|

The 2 biggest expenses you will ever face.

In your lifetime you will encounter many, many expenses. Cars and houses, repairs and travel, medical and educational – and much, much more. But there are two expenses that dwarf them all: Tax & retirement. Retirement Think about it, when you retire you stop working, that doesn’t mean your expenses stop rolling in. How much are [...]

2018-01-22T08:14:31+00:00 December 17th, 2015|

5 Financial now on social media!

5 Financial is now on social media and we welcome you to join us there! We have a Facebook Page '5 Financial’ (the one with our logo, not our namesake in South Carolina!), we’re on Twitter (@5_Financial) and we even have a 5 Financial channel on YouTube with some animation videos we’ve developed to tell [...]

2018-01-22T08:14:34+00:00 June 12th, 2015|

Big Morning Tea!

On Monday 22 June 2015, 5 Financial is hosting 'Australia's Biggest Morning Tea' in aid of the Cancer Council. In exchange for a donation, you can come along and enjoy a cup of coffee or tea and some delicious treats whipped up (or purchased!) by the 5 Financial team. Drop in between 9.30am and 11.30am [...]

2018-01-22T08:14:34+00:00 June 11th, 2015|

Latest News for Wealth Management

Welcome to the latest news for Wealth Management here at 5 Financial. Last month I mentioned we installed a new back office system. I am happy to say its benefits have exceeded our expectations (a pleasant surprise after purchase!). Rovena has been tasked with the job of integrating the system into our operations and is [...]

2018-01-22T08:14:35+00:00 September 30th, 2014|

Top 5 tax deductions people forget to claim

Here are the top five deductions most people forget to claim on their tax return: 1. Medical Expenses: What you claim in 2014 will depend on what you do in the 2013 financial year. 2. Rental Property Expenses: If you have property that you rent out, the following deductions are often forgotten and can be [...]

2018-01-22T08:14:36+00:00 May 16th, 2014|

Financial peace of mind – why wait?

There's a common misconception that feeling "financially set" is something that can only be attained late in life by very wealthy people. Well, we beg to differ. At 5 Financial, we help clients at all life stages to enjoy real financial peace of mind – and to do so sooner rather than later. After all, your wealth is simply [...]

2018-01-22T08:14:36+00:00 October 30th, 2013|

Dividends – key to a great return!

In an interesting article written in the Australian newspaper Don Stammer -economist, company chairman and noted financial columnist spoke about the importance of investors giving careful consideration to the importance of receiving dividends as part of their investment portfolio. Clients of 5Financial know from experience that our advisers spend a lot of time discussing the [...]

2018-01-22T08:14:36+00:00 October 30th, 2013|

Super savings of low income earners

From 1 July 2012, the super savings of low income earners will be given a boost, with people earning $37,000 or less per year eligible for up to $500 annually. Deputy Commissioner for Superannuation, Neil Olesen said, “The best part about this contribution is people don’t need to do anything to get it. The ATO [...]

2018-01-22T08:14:36+00:00 September 28th, 2012|