February 16, 2018
Thriving in the ‘Gig Economy’

If you’re a freelancer or contractor or maybe even a consultant then you’re part of the “gig economy”. Gone is the job for life, or even a job in the normal, employed meaning of the word. For you, work consists of short-term contracts or a series of one-off jobs. “Gigs” as the band down at the pub might put it.

February 16, 2018
It's Never Too Early to Start

Children see money nearly every day, and as they become old enough to recognise the currency value on coins and notes they’ll want to start counting – just be mindful that very small children and coins don’t mix well. If you decide to give children pocket money or to pay them for doing age-appropriate chores, encourage saving by giving them a money-box. Get yourself a money-box as well and each time your child puts money away, do so yourself – and vice-versa. It could be fun!

February 8, 2018
BCV 2017 Christmas Archery Party

Our 2017 Christmas party was held at Aim Archery in Moorabbin. It was an action-packed day, led by Alec Potts, Olympic Bronze Medalist from the 2016 games. We started by learning the basics of shooting the bow, then progressed to target practice, followed by a team shooting competition.

December 14, 2017
Why more investors are opting for brokers.

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.

December 1, 2017
Australian banks still worthy of a place in most portfolios… despite what some commentators say

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.

November 30, 2017
NOW HIRING: Associate Financial Adviser

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.

November 30, 2017
A Reminder to Update Beneficiary Nominations for Your Super

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.

November 8, 2017
Think it's too hard to sort your super? Think again!

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.

October 18, 2017
One third of Australians are lazy borrowers and some are entirely clueless about their mortgages!

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!

October 16, 2017
Do you really know how much your business is worth?

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.

October 10, 2017
Small business owners - would your business stay afloat if you had extended time off work?

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?

October 6, 2017
What is a Comparison Rate?

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.

September 28, 2017
Recent Census data highlights substantial changes to property in Australia. How will this affect investors?

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.

August 16, 2017
How having no will, or an invalid will, can cause unintended problems for your loved ones.

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.

July 24, 2017
Are interest rates unnaturally low? Or are they where they should be?

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...

June 13, 2017
Upcoming Stamp Duty Changes Round Up

The Victorian State Government has recently announced changes to stamp duty concessions – these changes will be taking effect from 1st July 2017.

June 13, 2017
Small Businesses with outstanding tax debts should prepare for looming disclosure to credit reporting agencies.

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.

June 5, 2017
A quick glance at how the new superannuation rules could affect you.

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:

May 29, 2017
RentVesting – What is it and why has it become so popular?

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’.

May 29, 2017
Should you get private health insurance?

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’.

May 11, 2017
The Federal Budget In a Nutshell

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).

May 2, 2017
Property investing in a matrix of confusion

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.

May 1, 2017
How much money are you placing at risk by not insuring your ability to earn an income?

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.

April 18, 2017
What tax deductions can I claim as a Small Business?

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.

April 4, 2017
Important tax planning strategies for 2017

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.

April 3, 2017
Keys To Success When Investing in The Australian Sharemarket - Webinar

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.

March 27, 2017
WOW! What a Successful Event!

Thursday night's Build Wealth Through Property Investment seminar was a huge success with an impressive turn out!

March 6, 2017
Michelle Roberts Presents at Chocolate and Kale - Sunday 19th March

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.

March 1, 2017
The Future of Interest Only Loans

It's not as easy as it once was to apply for an interest-only loan. Over the last couple of months lending for this type of investment loan has been tightened in an effort to slow the pace of record growth in investment home loans.

March 1, 2017
How to Benefit from Reduced Rates

With official cash rates at rock bottom, now is the time to get ahead with your home loan. Here are some actions you can take to benefit from reduced rates.

February 21, 2017
UPCOMING EVENT: Build Wealth Through Property Investment

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.

February 7, 2017
A Guide to Home Loan Paper Work

We see many happy faces when we tell people that as your mortgage broker we can help simplify the paperwork process because we know what lenders are looking for when it comes to assessing an application.

February 7, 2017
How to Get Ahead On Your Home Loan

Just putting an extra $50 on your home loan repayment every month can save you close to $14,000 in interest over the life of a standard loan (based on a loan of $300,000, 5% interest rate and 25 year loan term) .

January 31, 2017
Home loans - fixed v variable, which is better?

Often clients ask us if they should switch their home loan from variable to a fixed rate. No one truly knows what will happen with interest’s rates, but benefits can be obtained by choosing the right type of loan at the right time.

January 22, 2017
How to Reduce Capital Gains Tax While You Are Away.

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.

January 12, 2017
Improve Your Cash-flow for a Healthy Business

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.

December 20, 2016
Derinya Primary School Human Powered Vehicle Team

We proudly sponsored the Derinya Primary School Human Powered Vehicle Team at this years RACV Energy Breakthrough at Maryborough. There were around 100 competing teams, and ALL THREE of the Derinya Primary teams CAME IN THE TOP 20!

December 20, 2016
Have you Over Indulged At Christmas?

Christmas advertising sees us inundated with things to buy for our loved ones. There’s toys and games for the kids, perfume & lingerie for the ladies, or hardware toys for the boys.

December 19, 2016
Christmas Break Opening Hours

As 2016 draws to a close we would like to extend a big THANK YOU to all of our clients. We wish you a VERY Merry Christmas, and Happy and Prosperous New Year.

November 28, 2016
Common Tax Deductions for Tradies

If you are a tradie (employee or contractor) then you are probably paying for things that you may be able to claim on your tax return. Clothing (must have business logo) - you can claim your work-wear as long it bares the company logo

November 24, 2016
Should my SMSF own my Business Premises?

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.

November 21, 2016
A majority of myTax returns contain errors!

H&R Block recently reviewed the accuracy of self-submitted tax returns filed via “myTax”. Alarmingly, over 60 percent of the returns studied contained errors and approximately two-thirds of those errors favoured the ATO!

November 21, 2016
Melbourne Coastrek 30kms Trek Done! Great Job Team!!

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.

November 8, 2016
Can You Have More Than One Life Insurance Policy?

A question I am frequently asked is “Can you have more than one life insurance policy?”. The answer is yes - you can, and most people inadvertently do have multiple policies if you have more than one super fund.

October 24, 2016
Do you need to rethink your Estate Plan?

Here are 27 points to consider when deciding if its time to re-assess your estate plan.

October 24, 2016
Do you have adequate Trauma Insurance?

Cancer is unfortunately the most prevalent trauma condition in today’s times. When selecting adequate trauma insurance, medical expenses should be a significant component – but do you know the true financial cost of cancer?

October 21, 2016
When should I hire an accountant for my small business?

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...

October 10, 2016
Michelle Roberts wins Best Small Practice of the Year Award for 2016

Ms Michelle Roberts* has won the prestigious Australian Unity Best Practice Small Practice of the Year award for 2016.

October 3, 2016
Accountants high on 'dateability' scale

Accountants are some of the most dateable professionals, just behind doctors and firefighters, according to a recent international survey conducted by Xero.

September 27, 2016
We need YOU to write us a review on Google!

We need our clients to help us out by writing a review of our business on Google. Can you help us?

September 19, 2016
Zombie Apocalypse Insurance? Unusual insurance policies you never knew existed.

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?

September 19, 2016
What would you do with an extra $240 per month?

Australian home owners are missing out on potential savings of $240 per month by not refinancing their home loans to get a better deal. Could you be one of them? Ask about our no obligation, mortgage-broking service to find out more.

September 5, 2016
We are Finalists in the 2016 Australian Accounting Awards!

We are delighted to announce that we've been chosen as a finalist in the 2016 Australian Accounting Awards!

September 5, 2016
Business Estate Planning and why YOUR business NEEDS it!

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.

September 4, 2016
How to safeguard your business if the unexpected happens

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.

August 27, 2016
Our guide to protecting against the latest craze in cybercrime

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.

August 19, 2016
Has it really been 26 years without a recession in Australia? Or is it only two?

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.

August 17, 2016
How long will your savings last in retirement?

Retirement calculator - how much do i need? Use this chart to roughly work out the life expectancy of your retirement savings and read about various strategies to help you stretch the life expectancy of your retirement savings.

August 15, 2016
Do you have enough life insurance?

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.

July 29, 2016
Fraud Focus: the impact of Fraud on your business

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..

July 20, 2016
When Should You Hire An Accountant?

Accountants can help out at various stages during the growth of your business. They can handle much more than just your payroll and tax returns. So when should you consider hiring an accountant for your small business?

June 30, 2016
Running a Business? Don't let this happen to you!

Sebastian and Andrew each owned 50% of the shares in a successful manufacturing business when Andrew died suddenly. Andrew’s wife, Judy, inherited Andrew’s share of the business via his Will...

June 24, 2016
Changes to the Zone Tax Offset may affect your eligibility

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 ...

June 24, 2016
Extra Time for small business to become SuperStream compliant

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.

June 17, 2016
Michelle Gradwell has been awarded BNI Carrum Downs most valuable member!

Michelle Gradwell, our Accounting Manager, was recently awarded ‘BNI Carrum Downs most valuable member for 2015’.

June 10, 2016
A Business or a Job?

The Four Burners Theory says that “in order to be successful you have to cut off one of your burners. And in order to be really successful, you have to cut off two”.

May 20, 2016
The Benefits of a Business Succession Agreement

A business succession agreement is your peace of mind that whatever happens to you or a partner, the business can keep ticking. The assets of the business are protected, safeguarding your personal assets...

May 20, 2016
What Does the Business Succession Planning Process Involve?

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.

May 11, 2016
Why ‘short-termism’ is hard-wired in investors

Here is the latest edition of ‘Financial Insights’ which discusses why ‘short-termism’ is hard-wired in investors, and why it’s bad for your wealth.

April 21, 2016
What is a Business Succession Agreement?

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

April 20, 2016
“Thank you to my clients for the vote of confidence!”

Michelle Roberts extends a big thank you to her Financial Planning clients, after receiving excellent feedback on a recent survey.

April 13, 2016
Imagine a home loan at just 2.99%!

If you own an investment property or are looking to buy one, we have access to a fantastic new product. Where your investment debt is 50% or more of your overall home loan debt...

February 29, 2016
The lowdown on negative gearing and proposed tax reforms

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...

February 21, 2016
Have you planned your Partner’s exit?

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.

May 19, 2015
5 Top Tips for Choosing a Mortgage Broker

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.

May 19, 2015
An Introduction to Borrowing Through a SMSF

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.

May 19, 2015
Ways to Reduce Your Mortgage

In the absence of a lottery win, here are a few effective tips to help you achieve your dream of living mortgage-free quicker.

October 17, 2014
BCV strikes gold with Xero

The team at BCV Financial Solutions were delighted to recently be awarded ‘Xero Gold Partner’ status by BRW Australia’s ‘Most Innovative Company 2014’…Xero.

May 1, 2013
Forgetting First World problems at Kokoda

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.

March 9, 2013
Be aware of changes to the Director penalty regime - directors may be personally liable

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

June 26, 2012
Cloud Accounting Software

In the tough economic environment, business owners are craving proactive, timely advice, not a history lesson. As an accountant I’m often asked by a potential client what I can offer them that their existing accountant isn’t offering.