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Paul has an extensive finance and accounting background stemming from running several businesses and is also an MYOB and Reckon partner, trainer and business administrator and advisor.
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Monthly Archives: June 2014
Pensions – What the Budget Means to Your Pension
The 2014-15 Budget was handed down on Tuesday, 13 May 2014. What does the Budget mean to your pension? The Department of Human Services (DHS) website Budget page contains Budget information that may affect people who use the Department of Human Services … Continue reading
Basics about Super – Transition to Retirement – How does it work? A possible solution to the later retirement age at 70?
Transition to Retirement (TTR, or also called transition to retirement income stream (TRIS) or income pension (TRIP)) is a gradual move to retirement – a way to enable those aged over 55 to reduce your working hours without reducing your … Continue reading
Masterclass SMSF – Borrowing in SMSF & is it right for you?
How did borrowing (leverage) start in self-managed super funds (SMSF)? SMSF allows their trustees to take advantage of control and flexibility by designing their own personalised investment strategies – “hands on” control. As a result of lobbying by super groups, legislation … Continue reading
CASE STUDY – With a young family Ian & Cathy, in their late 30’s, wanted to control their super and pursue better returns
WHERE they were at – Ian was looking to go out on his own, and when the company he worked for scaled down as a small business, the decision was easier to make. He knew he had great technical skills and the … Continue reading
MASTERCLASS Investing – Cash vs Accrual Accounting
There are 2 methods of recording the financial transactions of a business. And when planning for SMSF investing, understanding them is basic to reading the financials of a company. Cash accounting records receipts are recorded during the period they are … Continue reading
