Here, our financial experts take a close look at what’s happening in the world of finance.
We uncomplicate breaking announcements from the Reserve Bank of Australia (RBA), the Australian Taxation Office (ATO), the Australian Securities and Investments Commission (ASIC) and the Federal and State Governments so you can understand how those changes will impact you, your family or your business.
If you’re wanting to stay up-to-date on topics such as interest rates, tax planning, superannuation, the Federal Budget, incentives and schemes, HELP debt, deductions, concessions, depreciation, investment properties and much more, this is where you’ll find the answers.
Knight is with you every step of the way as you strive for financial success. If you’d like some additional information regarding any financial news, please reach out for a consultation to plan your next step.
End of Financial Year Tax Planning Tips for Businesses
Ensure any eligible bad debts are written off correctly through your accounting software or the decision to write them off is documented correctly in a director’s resolution. Consider the purchase of new assets costing up to $20,000 each (small businesses only – aggregated turnover of less than $10m). This concession has also been extended in the recent Federal Budget 2018-19 to 30 June 2019. Ensure a full stock take is carried out, including scrapping obsolete stock (although not required for eligible small
Part1: Keeping your nest eggs in line – a SMSF approach
Keeping your nest eggs in line With Easter upon us, it’s a good time to be contemplating our nest eggs. The majority of us will retire at some time and ideally enjoy the continuity of living standards. The earlier we make the commitment to start saving, the more likely this is to happen. We’re fortunate in Australia to enjoy a supportive tax regime for superannuation, making it the most attractive long-term savings method. Self-Managed Super Funds (SMSF) are now the
Leaping into the New Year
If, like us, you’ve returned from the holidays and had to hit the ground running, you could be thinking 2018 is going to be a different kind of year. If your pre-Christmas planning was effective, you’ll be well positioned to take this in your stride and already be making inroads into the new year workload. If you’re already trying to catch your breath and longing for a weekend break, you may need to take a strategy stop and implement some
MSWA Ocean Ride – Team NKH Knight
While we were cuddled up in bed early last Sunday morning Mat, Dean and Terryn were already wedged into their new NKH Knight cycling outfits and loading up on fluids in anticipation of completing the 100km ride in the MSWA Ocean Ride. They each did the uniform proud and performed well. The de-briefing that we overhead in the office on Monday morning included commentary about a punishing headwind at the end of the race, late cramping and how good everyone looked in
WA Financial Planner Takes Top Honour
Jason Featherby, Director of Knight Financial Advisors, has been recognised as one of the top 50 most influential financial advisers by Financial Standard. The list, which curates financial advisers who have made an enormous impact in their community, was released earlier this month. To be considered, a financial adviser must have a focus on community building, honing their skills by being active in local community work and charities. As a founding Director of Knight Financial Advisors, Jason designed the business
SufferFest Rottnest Triathlon Report
[cs_content][cs_section parallax=”false” style=”margin: 0px;padding: 45px 0px;”][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][cs_text] On Saturday 11 November some of the NKH Knight staff participated in the Sufferfest Triathlon event on Rottnest Island. Here is a report from Simon Howard – the CEO’s desk. A beautiful start to the day followed by an unexpected curveball The day started well with warm weather and a breathy easterly breeze making the ferry ride to Rottnest about as
Risk Is Common; its Management is Rare.
We’d never progress without some measure of risk-taking. Children excel at estimating the flexibility and strength of outward and upward reaching branches. Mixing intuition with experience strengthens their talent. Honing the skill enables ever greater achievement. Of course, we reach a point where we need to do more than climb trees, however, the development of these early skills helps us to identify and manage other hazards allowing us to push more important boundaries. Risk is inherent in business and investment.
Smart ways to save tax before 2017 EOFY
One reporting season over and another looms! Review now to make the most of tax benefits. Whether you’re running a business, a super fund or both, the clock is ticking towards the end of the financial year. Taking time to check through a few critical items now can make a big difference to tax deductibility and maximisation of superannuation benefits for this and future years. For Businesses 1. Write off any bad debts through the accounting software before year end
3 Strategic actions you need to take this annual reporting period
Viewing annual reporting as the ideal opportunity to get to grips with what’s really happening in your business or SMSF investment portfolio, rather than simply viewing it as another compliance deadline, can generate real benefits. Here are three strategic actions you can take during the annual reporting period to optimise your business for the future. 1. Gain clarity on cash flow If you’ve ever wondered why your reports show you’re making good profits yet you can’t see your bank balance
