Meet Leanne Rudd – CEO, The Money Edge
Welcome to The Money Edge
The Money Edge provides a variety of consulting services delivered by a proactive, experienced and knowledgeable team.
With such a range of services The Money Edge’s team of highly skilled and qualified staff can assist you to visualise how our services complement each other in order to help you make, save, manage, protect and grow your money to help you to achieve your desired lifestyle.
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Our Latest Blogs
Wedding thrills minus the endless bills
Many newlyweds start married life struggling from heavy debts from their big day. But with a proper financial plan, a waHow women can build their financial literacy
Recent studies show that more than two in five Australians lack confidence when it comes to financial decision making1.The business owner’s checklist
Being your own boss can be rewarding, but it’s also incredibly challenging. That’s why it’s important to future-proof yoAre you prepared for life’s unexpected plot twists?
It’s impossible to know what’s on the horizon, but with the right personal insurance, at least you can be financially prChange is Coming – A taxing time for some!
As of 1 October 2016 the tax rates will change. Are you ready? In the May Budget the government announced changes to ind$500k Lifetime Non- Concessional Cap to be thrown out
After a brigade of changes to the unpopular $500,000 Lifetime Non-Concessional Cap first announced in the May budget, thXero Changes!
After attending Xerocon in Brisbane last week, they made many announcements of improvements they are making to Xero. SoATO exposes dodgy deductions
With over eight million Australians claiming work-related expenses each year, the ATO is reminding people to make sure tPhoenix Taskforce swoops on dodgy business
The ATO’s stance against phoenix activity has continued with multiple search warrants issued, and many business and resiDeductibility of airport lounge memberships
The ATO has also confirmed that the cost to a business taxpayer of a yearly airport lounge membership (e.g., Qantas ClubDeductibility of gifts provided to clients
The ATO has confirmed that a taxpayer carrying on business is generally entitled to a deduction for expenses incurred onATO assistance with the pending $500,000 lifetime super cap
In the 2016/2017 Federal Budget, it was announced that, from 7:30pm (AEST) on 3 May 2016, there will be a lifetime cap oPre-retirees: Avoid ‘too good to be true’ tax schemes
The ATO has launched a new project called ‘Super Scheme Smart’, an initiative aimed at educating individualsFirst impressions – it’s not just the outside packaging
When it comes to business, first impressions can make or break the relationship. But how can you make that first impressAvoiding Payroll Mistakes
Payroll mistakes can be expensive to small business. Follow these tips to help you avoid making these mistakes that willSeparating or divorcing? Ease the financial impact and be ready for your new situation
Going through a separation or divorce raises a lot of questions. One of these relates to money. Given you’re likely to hLooking to buy? Find the right mortgage and own your home sooner
Instead of waiting for a partner, women are taking charge of their own financial future and buying property on their ownBe financially prepared for your new arrival
When you’re having a baby it’s normal to focus on the practical aspects of preparing for the arrival of a newborn. In faHow often do you speak with your Accountant?
How often do you speak with your Accountant? Surprisingly enough, the answer is usually not often enough. While thereDo you own a Luxury Lifestyle Asset?
The Australian Tax Office have announced that they will be cross referencing Insurance Policies for Luxury Lifestyle AssYour financial future starts now
They say every great journey starts with a single step – and yours is just beginning. Here’s how to get on the path to fManaging the costs of aged care
Whether you’re considering residential aged care for yourself, a family member or a friend, the options can seem overwhe5 tips for effective goal setting
Be SMART. Make your goals Specific, Measurable, Achievable, Relevant and Time-based. Each goal should have a realistic dGoals first, strategy second
If you haven’t figured out your lifestyle goals for the future your financial strategy is like a journey without a destiPerfecting part-time work
Working part-time can give you the freedom to make the most out of both your professional and personal life – but you neCGT: 2016/17 Improvement threshold
The CGT improvement threshold is $145,401 for the 2016/17 income year, up from $143,392 for 2015/16.Div.7A benchmark interest rate
The benchmark interest rate for 2016/17, for the purposes of the deemed dividend provisions of Div.7A, is 5.40% (down frOvertime Meal Allowance Amounts
The reasonable amount for overtime meal allowance expenses for 2016/17, where an allowance is paid under an award, orderCents per km deduction rate for motor vehicle expenses
The ATO has determined that the rate at which work-related motor vehicle expense deductions may be calculated using theLatest ATO benchmarks released
The ATO has released the latest benchmarks for small business based on the data from 2014 income tax returns and businesThe ‘sharing economy’ in the ATO’s sights
The ATO is concerned that those earning money from the ‘sharing economy’ may not realise they have to declarTax time is prime time for scams
The ATO is reminding Australians to be on the lookout for tax-related scams during tax time, as scammers are particularlUpdate on the government’s superannuation program
Now that the government has been re-elected, it seems they are committed to proceeding with their superannuation policy,MYOB PayDirect Online: New online payment system
Online payments have grown to become the preferred method for individuals and businesses alike over the past 10 years, wWhat is the Maximum Tax Deductible Contribution I can make into Superannuation Now?
In attempt to simplify and streamline rules surrounding superannuation contributions, the recent Federal Budget has propIs everyone in your family getting the advice they should?
Australians families are changing and so are their financial needs. It’s no secret that Australia’s population is growinEconomic challenges of an ageing population
As the Baby Boomers continue to move into retirement, a national discussion about the economic challenges of our ageingEthical investing can make cents
Ethical investing has gone from backwater to mainstream over the past decade, as Australians discover they can make theDebtor Daddy
Are your invoices being paid on time? If not, this can play havoc on your cashflow and cause major flow on effects to yo5 financial challenges that women face
As a woman who’d like to grow your wealth and save for the future, do you sometimes feel that it’s impossible to get aheSuperStream deadline extended!
With only days to go until the 30 June SuperStream deadline, the ATO noted that, while many small businesses had implemeTax implications for the sharing economy
The ATO is reminding taxpayers who earn income through the sharing economy that they have tax obligations they should coATO’s deadline for non-arm’s length LRBAs extended
The ATO is allowing SMSF trustees additional time until 31 January 2017 to ensure that any limited recourse borrowing arGoods taken from stock for private use: 2015/16
The ATO has provided an update of the amounts it will accept for 2015/16 as estimates of the value of goods taken from tCar depreciation limit for 2016/17
The car limit is $57,581 for the 2016/17 (up from $57,466 for the previous year). This amount provides a limit on depreGIC and SIC rates for the 2016 September quarter
The ATO has published the 2016 September quarter rates for the General Interest Charge (GIC) and the Shortfall InterestATO focuses on rental property owners
With Tax Time 2016 just around the corner, the ATO has stated it will be paying close attention to excessive interest exUK referendum: ‘Leave’ wins the day
What next? Against the run of the opinion polls and the betting markets in the final few days before the vote, the peoplBookkeeping Tips for End of Financial Year
With the end of financial year fast approaching now is a good time to focus on making sure you have everything ready forApps to simplify our financial lives
Smartphones and apps have made it easier than ever to help us track our financial progress and make informed decisions oPutting your shoebox online could save your $
Do you store your receipts in a shoebox for your Bookkeeper or Accountant? Why not scan all your dockets and receipts anMYOB Shortcut keys
Are you a keyboard pressing ninja and prefer to navigate around in just a couple of buttons? MYOB Accountright live canATO warns about iTunes scammers
The ATO is reminding the public to be alert to scammers impersonating the ATO demanding iTunes gift cards as a form of tATO reminder about 30 June SuperStream deadline
With the 30 June 2016 deadline looming, the ATO strongly encourages small businesses to get on board with SuperStream asNew Simpler BAS on the way
The ATO has been working on ways to deliver a simpler business activity statement (BAS) to simplify account set-up, recoATO’s continuing focus on trust property developers
In recent years, the ATO has focused on trusts developing and selling properties as part of their normal business. WhenSMSFs and Collectables – last opportunity to comply!
From 1 July 2011, SMSF investments in collectables and personal-use assets have been subject to stricter rules than SMSF2016/17 Federal Budget
The government handed down the 2016/17 Federal Budget on Tuesday 3rd May. It included (among many changes) proposed persIs your software ready for a new, amazing financial year?
Accounting is done best when one file contains all necessary transactions for a financial year; 1 July to 30 June. WhenBackpackers: Let’s lighten their load, by a third of their pay…
Despite protest from the agricultural industry, the backpacker tax rate has been increased in the federal budget to a flCapital Gains Tax – Are you exempt?
Are you thinking of selling a property? Before you do, you need to know if there are any Capital Gains Tax (or CGT) implDo you plan for holidays but not tax?
We plan ahead for annual holidays and even public holidays but often we don’t consider how we can plan ahead to reduce oContractor payments data matching program
The ATO has advised that it is continuing its Contractor payments data matching program. It will acquire data from businNew rules for selling property over $2 million
From 1 July 2016, new rules will apply to sales of taxable Australian property (e.g., real estate) with a market value oLifestyle assets and CGT
The ATO has advised that it has identified some instances where lifestyle assets, such as artworks and collectables, areATO’s ‘High risk industries’ for super guarantee
Each year, the ATO identifies industries that they believe are at risk of not meeting their super guarantee obligationsATO – SuperStream deadline rapidly approaching
With the SuperStream deadline of 30 June rapidly approaching, ATO Deputy Commissioner James O’Halloran says now is the tGold Coast businesses under the ATO’s microscope
As part of an ongoing, Australia-wide program, the ATO has advised that it will be visiting restaurants, cafés and take-Impending blowout from the leaked ‘Panama Papers’
Clients may have recently heard something about an unknown source who has leaked 11.5 million documents from the PanamanPaying Casual Staff
When giving a payslip to a casual employee, the base rate of pay and the casual loading amounts need to be listed separaYour Superannuation – 8 matters to consider post budget
Salary sacrifice arrangements – it might be better to claim the deduction personally. Those with higher account baThe Budget!
What You Need To Know Last night, Federal Treasurer Scott Morrison handed down the Federal Budget for the 2016-17 financNavigating your first year of retirement
While the prospect of retirement is exciting for most, the changes it brings can be a shock. In the previous edition ofSlower growth, but some positives on the radar for Australian economy
As Australians brace for a federal election, all eyes will be on the polls – and the economy. A slump in the resources sThe latest developments affecting LRBA
Since 2007 in certain circumstance Self-Managed Superannuation Funds (SMSF) have been able to borrow money from relatedAre you SuperStream compliant?
With the June 30 deadline fast approaching there are several tools that will enable you to be compliant and be able to lCan I keep collectables in my SMSF?
The short answer is yes, but the rules have become more strict. New rules regarding storage and insurance for collectablThe upcoming Budget and your Super – Time to Act
There has been some media speculation in the lead up to the Federal Budget about potential changes to superannuation rulATO releases latest business benchmarks
The ATO says that the 2013/14 data is now available for the ‘Small business benchmarks’. The ATO uses theseGovernment set to re-think the backpacker tax
Basically, the ‘backpacker tax’, as announced, would see backpackers who work in the agricultural industry dATO sounds warning to super funds with ‘collectables’
The ATO is warning trustees of SMSFs who hold investments in collectables* or personal-use assets*, acquired before 1 JuATO reminder – What’s new for small business?
The ATO has issued a timely reminder before the end of the financial year on the changes announced in last year’sAre your assets nailed down – Personal Property Security Register
In 2012 a new law passed which established a new national register which has become the final authority for securities cRed flags that can trigger an ATO tax audit
The Australian Taxation Office (ATO) has increased their scrutiny of all businesses and therefore we have seen a recordForgotten about your Fringe Benefits Tax (‘FBT’) obligations?
Don’t stress, there is still time to get your FBT sorted before you the ATO decides to conduct and audit! We are always12 months and counting…
You are one year out from retirement. Here are five steps to take now to ensure you’re ready. The last 12 months beforeWomen taking control
With International Women’s Day celebrated on March 8th, this month we focus in on the successes and learnings of a femalInactive Trusts – ABNs to be cancelled
The ATO has advised that they will begin cancelling the ABNs of approximately 220,000 trusts, where there is evidence thMoney lessons for your adult children
For decades Australians have expected that they will live a better life than the generation before them but that might aLessons from super fund investment strategy rules
Anybody interested in growing and protecting retirement wealth can learn important lessons from the investment strategyTaxpayer not a ‘share trader’ despite substantial share trades
In a recent case, a taxpayer undertook significant trades on the stock exchange and made losses, but was still found toGST implications when employer pays for a super fund’s expense
An employer cannot claim an input tax credit where it pays an expense on behalf of a superannuation fund, as the supplyBuyers to withhold tax for ATO when buying certain properties
Parliament recently passed legislation amending the taxation law to impose withholding obligations on the purchasers ofDHS specified benefits and entitlements data matching
The ATO has advised that it will collect information from the Department of Human Services (DHS) for the following benefWhat we are looking forward to in 2016
On 1 January every year I wake up with this amazing feeling in my belly, some may call it butterflies, but really it’s tXero Roadshow Update!
Last week some of our team members went to the Xero Roadshow. These are some of the new features that our Xero users canExtra time for foreign investors to register agricultural land
The ATO has advised that foreigners who own land in Australia now have until 29 February 2016 to come forward and registMarch quarter GIC and SIC rates
The ATO has published the 2016 March quarter rates for the General Interest Charge (GIC) and the Shortfall Interest CharTaxpayer misses out on small business CGT concession
A taxpayer’s claim that a related trust was entitled to the small business 15-year exemption* was rejected becauseWarning to employers to withhold tax from some car allowances
The ATO has reminded taxpayers that, in relation to claiming car expenses, the one-third of actual expenses method and 1Tax help for people affected by recent bushfires
The ATO has advised that, for people affected by the recent Victorian and Western Australian bushfires, refunds will beATO announces two important data matching protocols
The ATO has just announced that it is starting a new “asset” data matching protocol, and extending another CIs my rental property “available”?
To be able to claim deductions for the expenses of having a rental property it needs to be made available in the eyes ofWhat is a rental expense?
When you own a rental property you can claim deductions for certain expenses.These expenses can only are only deductibleLog Book Method
In recent weeks we have discussed whether you can claim your car and ways in which you can claim your business related tCents per kilometre
Now we asked a few weeks ago… “Can I claim my car?” If you answered yes there are certain ways that thWhat is Rental Income?
You may think this is a silly question but it may include amounts you are not aware of. Rental or other rental related iFringe Benefits Tax and Christmas Parties
It’s the festive season and many people are planning their Christmas party for their staff. While we believe it is impoTME’s 8 tips for starting 2016 off with a bang!
The end of 2015 is fast approaching, almost at the speed of light it feels. With the end of every year, there is reflecATO’s Visa Data Matching Program
The Department of Immigration and Border Protection will provide the ATO with the following details of visa holders, theGuidance regarding the payment of death benefits
The Superannuation Complaints Tribunal, which can resolve disputes between large superannuation funds and their members,ATO reviewing taxable payments annual reports
The ATO has advised that it is contacting businesses in the building and construction industry about information provideATO supporting small business to implement SuperStream
As the SuperStream rollout for small businesses continues, the ATO claims that it is helping employers in select industrReminder of small business tax cuts
The ATO has reminded taxpayers that, from 1 July 2015, a new two-tier company tax system took effect and applies to allSuper Duper and Yay
We all know that superannuation is due on the 28th day after each financial quarter. So you’ll pay the October – DecembHow do I know what to claim from the ATO?
With Tax laws changing all the time it is sometimes difficult to know what you can and can’t claim. Sometimes what youThe Money Edge Team’s top 8 Apps they can’t live without
Whether you have a iphone, ipad or android you will have an app that you just can’t live without. With the every improvGet your retirement timing right
The perfect retirement revolves around getting three things right – the financial, the emotional and the practical. FiguSavings and the silly season
Don’t let the Christmas holidays undo your great work throughout the year. Be aware of spending patterns to turn silly sThe ATO and its regulation of SMSFs
In a recent speech, Kasey Macfarlane, Assistant Commissioner, SMSF Segment, Superannuation, discussed the issues facing