A recent survey conducted on Australian property investors revealed that they are increasingly turning to mortgage brokers for lending, with 75% of investors stating that they had used a broker, and 83% of investors intend to use a broker when seeking their next loan.
Barring disasters, the banks should produce returns of the order of 10% per annum over the next decade. With a yield of 8% including franking credits, we need just 2% per annum growth to get us to a 10% per annum total return. Even if we get no growth in earnings, an 8% per annum return means that banks will be worth a place in most portfolios - barring disasters.
We have an exciting opportunity for an experienced financial adviser to join our boutique professional services practice in Frankston. This newly created position will see you playing a key role in the successful delivery and implementation of advice for our valued clients.
When major life events occur in your life, such as divorce or starting/ending a de facto relationship, updating your nomination of beneficiary for your superannuation fund may not be high on your priority list.
If you have ever changed jobs, addresses or lived overseas, then it’s possible that you have lost track of one or more of your funds at some stage. Different employers often have different funds of choice when you have not personally nominated which fund want your Superannuation to be paid into, so it’s easy to end up with several accounts - especially if you move around a lot.
Australians have a reputation for being serious about sport, barbeques and cars, but when it comes to being serious about their home loans, one third of Australians are wading in the quagmire of lazy borrowing – and 11% of Aussies may not even know what kind of home loan they have!
Many businesses for sale are listed at highly optimistic asking prices. Most business owners find it hard to be impartial because they have poured a lot of time and energy into the business and they may be relying on selling it to fund their retirement.
Imagine if you were in the unfortunate situation where you had to take many months or longer away from your business due to a serious illness or injury. Would revenue keep coming into the business… or would the revenue dry up without you there?
When an interest rate is advertised on a home loan, have you noticed there is a comparison rate beside it? Many people just focus on the interest rate and don't notice the comparison rate or even know what it means, when in reality it is a useful tool to help compare the cost of different loans.
The 2016 Census property data shows that there have been rapid changes over the last 5 years. Some of it could have been assumed, but some of the trends have accelerated and are ahead of government policies designed to manage property demand for the various demographic sectors of society.
A commonly held myth about wills is that if you do not have one, all your estate goes to the government. While that is not quite true, the reality may still surprise many.
We hear the claim that interest rates have been kept unnaturally low by Central Banks around the world with the clear implication that no good will come of this and, before long, they will be forced to take them back to more natural levels. These comments ignore the actual role of Central Banks. Their mandates are typically to keep inflation under control and to keep employment full...
In a move that could affect the credit rating of small business owners, the ATO has announced that they will be sharing data with credit agencies pertaining to tax debts from 1st July 2017.
The recent changes to the superannuation rules are designed to further limit the amount of money Australians can keep in the tax advantaged superannuation system. So, where does that leave you for your superannuation planning for this financial year? Here’s a brief summary of the key issues:
RentVesting is where a person acts as a Landlord and a Tenant – by renting out a property they have purchased, and simultaneously paying rent for the place they are living in. There are two main categories people fall into when RentVesting – the ‘accidental’ and the ‘strategic’.
With cost of private health insurance increasing every year, many people are asking themselves “is it worth it?” The answer to that is “it depends”. Ultimately, this decision is both an emotional and financial one. There are several factors to consider from a financial perspective when deciding to take out private health insurance – the ‘Medicare Levy Surcharge’, ‘Private Health Insurance Rebate’, the cost of the hospital insurance policy and ‘Lifetime Health Cover Loading’.
As most are no doubt aware, the Federal Treasurer, Scott Morrison (or ScoMo as he’s been labelled on social media!) handed down the government’s budget for the 2017-18 year earlier this week. Much of the media commentary tends to focus on the political angle of course, and the number of years until the government coffers are expected to return to surplus (for those interested, they predict a surplus in 2020-21, a vast improvement on the expected deficit of close to $30b next year).
Media outlets write an endless number of articles about real estate designed to captivate reader’s interest. Many of the articles have alarming headlines - but the content is usually about isolated cases or mere forecasts of a possibility.
Not many people risk being uninsured when it comes to their car or home. But many choose to not insure their most valuable asset – that is, their ability to earn an income.
If you are a small business owner, getting business expenses in order as well as knowing what you can claim are essential steps to filing an accurate tax return - and it can save you thousands of dollars. Its important to be across the basics, and you can leave the rest to your accountant who understands the more complex side of small business tax.
Understanding what the potential tax liability will be for your business and allowing time for tax planning can save you thousands of dollars. At the very least, it will assist you in the preparation of your budgets and cash flow projections for the coming financial year.
This 5-minute webinar discusses why the long term outlook for the Australian sharemarket is generally positive, though a key to success will be selective investing. We hope you enjoy the webinar.
This unique event brings together 6 passionate practitioners who are experts in their field and aims to inspire and educate women to invest in their health and well being. Our Advisor, Michelle Roberts will be speaking about the importance of women protecting their significant contributions and their families.
We are holding a Free Property Investment Seminar on March 23rd. You have the opportunity to hear from experts in Financial Planning, Accounting and Real Estate.
For many people, the single biggest asset they will own is the family home. Luckily, the Main Residence Exemption means Capital Gains Tax is not payable upon sale of this asset, under most circumstances. However, if you leave the property for an extended period of time, or you rent the property out, you may only be eligible for a partial CGT exemption. But the good news is there are two rules which can be applied to help to reduce the net Capital Gain – the Temporary Absence Rule and the Market Value Rule.
Profitability is a vital component of a successful business, but without proper cash flow management your business is at risk of failing. The cycle of cash in and out of your business determines your business’ solvency. Read out top tips for maintaining a healthy cash-flow for your business.
Many Small Business Owners are taking advantaging of using their Self Managed Super Fund (SMSF) to own their business premises – whereby the SMSF acts as the landlord and leases it to the business. Since this legislation changed to allow SMSF borrowing in 2007 there has been a surge in SMSF property investment – people are taking advantage of the tax benefits of these arrangements.
It was an early, EARLY start for the team on Friday morning – who were up at about 4am to take part in the 30km team trekking challenge run by Wild Women on Top – Melbourne Coastrek Cape Shank.
If you are starting a small business, chances are you’re wondering if you really need to engage an accountant just yet – perhaps you are trying to save on startup costs, or you think that the business is too small to warrant having an accountant...
Ms Michelle Roberts* has won the prestigious Australian Unity Best Practice Small Practice of the Year award for 2016.
Did you know there is insurance available to protect you in the event of a zombie apocalypse, or alien abduction? Or that pregnant women can insure against the possibility of having twins, triplets, quads or quintuplets?
We are delighted to announce that we've been chosen as a finalist in the 2016 Australian Accounting Awards!
Business estate planning is the process of arranging your business affairs now to help ensure there is no unnecessary deterioration or loss of continuity in your business - appropriate business estate planning reduces risk.
Read about how this trio of business partners navigated through the terminal diagnosis and death of one partner, and the consequences of not having adequate safeguards in place to avoid the associated problems that arose as a result of these unfortunate circumstances.
It starts innocuously enough. You receive an email from a colleague; just the regular kind of short message they’re always sending and a link to an article they thought you’d like. But when you click on it, your troubles start.
How long is it since Australia had a recession? Most would say 26 years. That’s close to a world record! But, there are different ways of determining when we are in recession. In Australia, we use the simplest benchmark – a recession is when we have had two consecutive quarters of negative real GDP growth. In the US, a more complex process is used where a committee of economists consider a range of data before declaring – normally six months after the fact – whether or not the country is in recession.
Research shows that Australian families have only 38% of the life insurance cover they need. If something unexpected happened and you could no longer financially support your family, it would be comforting to know that your life insurance would provide for you. But recent research from Rice Warner suggests that wouldn’t be the case for most families.
Evidently, fraud is all around us. Although the digital age has opened up new and exciting opportunities for innovative businesses, it's also seen an increase in attempted fraudulent activity: from ransomware to phishing emails and payroll fraud to credit card scams. What should you - and your business - be concerned about? And where are you most vulnerable? The top scams you should be aware of..
The Law has changed about who is eligible to claim the zone tax offset. Previously you could claim this offset if you resided or worked in a remote area, however under the new law you can only claim the offset if ...
The ATO has recently advised that they are extending the deadline for small business to become SuperStream compliant to the 28th October, 2016. Previously this was 30th June, 2016.
Michelle Gradwell, our Accounting Manager, was recently awarded ‘BNI Carrum Downs most valuable member for 2015’.
BCV facilitates discussion between the business partners to establish a fair and equitable process and settlement in the event of one of the partner’s exiting the business.
Planning for the day you or a partner leaves your business is a valuable investment. Whether you or a partner decide to sell up, retire or have to get out of business due to health reasons, it’s important that you spend the time with your business partners and/or your families to plan the best possible outcome
Michelle Roberts extends a big thank you to her Financial Planning clients, after receiving excellent feedback on a recent survey.
Anyone who has taken an interest in business or political news over the last few weeks will have no doubt heard many references to the proposed changes to Negative Gearing (and Capital Gains Tax) put forward by the Opposition Labour Party. Before...
Planning for the day you or a partner leaves your business is a valuable investment. Whether you or a partner decide to sell up, retire or have to get out of business due to health reasons, it’s important that you spend the time with your business partners and/or your families to plan the best possible outcome.
We understand that it can be hard to know what to look for when engaging a mortgage provider. As BCV Financial Solutions launch our mortgage broking service, we share our five top tips to choosing a broker to help guide you through the process.
There’s a lot of noise in the market place at the moment about Self Managed Super Funds (SMSFs). Back in the day, we weren’t allowed to borrow within SMSFs for investments like property or shares. But since 2007, all this has changed. Today we are able to borrow to purchase both commercial and residential property as well as a range of other assets.
Recently I was fortunate enough to spend the 8 days leading up to ANZAC Day in Papua New Guinea. Along with my business partner, Stuart McLeod, and 6 other friends and acquaintances, we re-traced the steps of our heroic forefathers along the infamous Kokoda Track.
Royal Assent was given to the “Tax Laws Amendment (2012 Measures No. 2) Act 2012” on 29 June 2012. The changes have been introduced by government in an attempt to “strengthen directors’ obligations to cause their company to comply with its