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A Must Read before lodging your return with the Tax Office this year

Every year we hear from the Tax office about the latest Industries that they will target and things they will be looking for.

The objective of this is to get people thinking about their returns and phase out ‘dodgy’ practices.

So, what is the Tax office(ATO) targeting this year?

They ultimately look at 2 key areas which include: work-related expenses and claims by investment property owners which we will discuss in this article and touch on a relative new area the ATO is focusing on- The Share economy.

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Life insurance and Income Protection for the self-employed

There are over two million self-employed Australians in the workforce today.Running your own business can be rewarding in many ways. However, without the safety nets and security offered by larger corporations, it’s important to consider financial protection as part of essential business planning. There are a number of New Business Owner’s that come into our Oran Park office from the Macarthur region and surrounding suburbs who have not structured an adequate protection plan if something were to go wrong and this is very concerning. 

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Is Debt ruling your Life?

 

Student Debt, Credit Cards and Personal Loans can be helpful at the time, however often become a source of unnecessary stress later on in Life.

Clearing your debts doesn’t have to be hard work. With the right plan, it’s possible to get your finances on track sooner than you think – and back to living the good life, guilt-free. Here are some tips to help you get out of debt.

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First Home Super Saver Scheme. What does it all mean?

As predicted in the lead-up to the Budget – housing affordability has been confirmed as one of the major components of this year’s Budget.

With Superannuation receiving so much attention in last year’s Budget – there was not much in terms of unexpected news this year. However, there was an important announcement for First Home Buyers:

The First Home Super Saver Scheme which was announced on Budget night will allow first home buyers to withdraw voluntary contributions they make to superannuation (along with associated earnings) to be used towards a deposit for a first home.

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Why did I become a Financial Adviser and start my own business?

I find myself telling my story to potential client’s and current client’s a number of times and thought I would share with all the experiences and what has led me to the path of setting up RP Wealth Management within the last year as I am proud of the path taken and what I have achieved.

My journey becoming a Financial Adviser was not a traditional one however, it was one that helped me understand money and create good habits.

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‘Interest rates – where to from here?’

Interest rates in Australia and around the world have hit historically low levels.  So low, in fact, that for around 30 per cent of developed countries, investing in government bonds will provide negative returns after adjusting for inflation.

 

Why are interest rates so low?
In its simplest terms, the Reserve Bank of Australia lowers interest rates to stimulate the sluggish economy. Lowering interest rates makes borrowing cheaper and more borrowing means more businesses are established, more is consumed and more jobs created. 

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Level 2, Suite 205
90 Podium Way
Oran Park NSW 2570

  • Ronald has always gone above and beyond for getting the best for my husband and I. He is always very punctual and helpful in giving advice. Ronald makes us feel comfortable and that no question is a silly one. I would 100% recommend him to anyone.

    Matthew (32) & Yasna Dench (31)
    Regional Sales Manager | Special Education Teacher

  • I have been working with Ronald for over 6 years. During this time, Ronald has been outstanding in his efforts to improve the bottom line of my portfolio. His continued guidance and enthusiasm makes him the perfect adviser and manager of personal finances.

    Sharad Bhasin (54)
    Deputy Harbour Master

  • I found Ronald to be very knowledgeable about all aspect of finance and being very helpful in overseeing my finances and making sure that I will live comfortably for quite a few years to come. his friendly nature comes from deep down and his clients are treated like family. I will not be afraid of recommending Ronald to all my relatives and friends.

    Carmelo Venturini (69)
    Retired

  • Ronald is a very friendly, knowledgeable and competent person, this is shown in every conversation we have had and it is a peace of mind knowing he is in control of my financials. Thank you

    Greg B (35)
    Warehouse Supervisor

  • Ronald at RP Wealth Management offers an invaluable service to my Estate planning clients by providing professional advice about protecting their family and their wealth with different insurance products in the event of a tragedy. Ronald is incredibly knowledgeable and always provides exceptional customer service to his clients.

    Kaisha Gambell (29)
    Solicitor

  • I have had the pleasure of dealing with Ron and have found him to be both knowledgeable and sincere. He is someone that believes that if you do the right thing by people they will do the right thing by you. I would not hesitate to recommend Ron to people that are looking for someone to provide them with an ethical outcome

    Mario Z (32)
    Accountant

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