#EveryoneNeedsaPlan for Flood Assistance

Posted by G. Dean McKinnon on 7 March 2022
Many life insurers and mortgage lenders are offering their clients assistance with their premium and mortgage loan payments, if they have been affected by the recent floods, so do not hesitate to contact your insurer and mortgage lender if you need help.

McKinnon Financial Planning provides assistance to all clients affected by the recent flood, so do not hesitate contact us if you need help....
Posted in:Insurance   0 Comments

#EveryoneNeedsaPlan to Complete Director ID Requirements

Posted by G. Dean McKinnon on 4 March 2022
The federal government is now introduced ID requirements for all company directors.  All existing directors must complete the process by 30 November, 2022 but there are other requirements for new directors.

New directors appointed for the first time to a company between 1 November, 2021 and 4 April, 2022 must director ID within 28 days of their appointment.

From 5 April, 2022, all new company directors must apply for the director ID before being appointed as a director to a company.

U...
Posted in:Legal   0 Comments

#EveryoneNeedsaPlan to Access Super Legally

Posted by G. Dean McKinnon on 3 March 2022
There are several ways in which to access your super legally but if you access your super illegally there are significant penalties that apply.

Super investments are intended to assist with funding your retirement income needs.  However, depending on the circumstances, you may be able to access your super before you retire – such as permanent disability or severe financial hardship.

It is unusual to be able to gain early access to your super if you are not retired, permanently di...
Posted in:Superannuation   0 Comments

#EveryoneNeedsaPlan to Claim Home Work Expenses During COVID 19 Lockdown

Posted by G. Dean McKinnon on 2 March 2022
Many of us have had to work from home over the past couple years during the COVID 19 lockdowns, which means we generally have used our personal equipment to complete our work, but not all expenses incurred will be tax-deductible.

Fringe Benefit Tax (FBT) has very specific requirements for what business related expenses are tax deductible and those that are subject to FBT.  Whilst FBT is payable by the employer, many employers will request their employees to reimburse them for any FBT pa...
Posted in:Tax   0 Comments

#EveryoneNeedsaPlan When Choosing to Buy a House or Unit

Posted by G. Dean McKinnon on 1 March 2022
With the housing market going berserk over the last year so, it is quite difficult to decide whether or not you should buy a house or a unit.

A recent article by CoreLogic highlighted the disparity between growth rate in housing and unit properties over the last 12 months (to January, 2022).  The statistics indicate clearly that property growth has outperformed unit growth during that period of time by more than 10%.

Of course, another big factor is affordability.  The housing mar...
Posted in:Property   0 Comments