Federal Budget Update 2016

On 3 May 2016, the Turnbull Government delivered its first Federal Budget. And it is also the last Federal Budget to be delivered by the current Government given the impending election. According to the Treasurer, this year’s Budget is not an ordinary Budget – rather, it is an economic plan that focuses on three key actions: Sticking to Government’s plans for jobs and growth; Fixing specific problems in the tax system (including major superannuation reforms); and Continuing to ensure the…

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Hands up – who else wants to save on tax?

  Most investors and business owners are aware that the interest paid on an investment loan is generally tax deductible. These deductions can be maximised by prepaying the interest on the loan. To do this simply contact your financial institution and arrange to have all of the interest costs for the following financial year brought forward and paid during the current year. You may then claim these costs as a tax deduction in the current financial year. The advantages could be considerable…

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Meet Leanne and read her personal story about seeking financial advice.

  Sometimes throughout our lives we experience situations we never expected to happen to us; situations we never think we need to prepare for. Gaining advice, support and guidance from others can be a real relief during these times. Leanne is one of Brodie Martin’s valued clients. Leanne has a very personal story about the reasons she sought financial advice; it’s a story we wanted to share with you – perhaps you know someone similar to Leanne that may also benefit from our advice? We…

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Meet Sarah Forrest – Inspiring True Story

  Sarah walked into the Profusion Planning office at the beginning of this year and we believe will never look back! Sarah, like many of her peers don't believe they really need financial advice at their stage of life however, we our help Sarah now has a clear financial plan, goals and an excellent road ahead. We asked Sarah to share her life journey with you, we trust you enjoy her story. When someone says the word ‘money’ to you, how do you feel about it? What emotions, feelings do you…

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5 Simple Techniques to Reduce Your Tax

  Yes, it’s nearly that time of year again and, if like many you are looking for ways to reduce your tax, this article is for you! His words might have been recorded over 200 years ago, but Benjamin Franklin’s famous uttering “in this world nothing can be said to be certain, except death and taxes” remains as true today as it was in 1789. The one thing that has constantly changed is tax law, and although death is impossible to avoid, with the many options available to us, taxation doesn’t…

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