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.
Our Latest Blogs
- Before you swap your briefcase for a beach towel, have you thought carefully about what life in a quieter location wilThere is plenty of advice out there about why you should save for your future, but little that explains exactly how. OneHackers are only as successful as we are unsuspecting. Current antivirus software, secure passwords, backups, strong phWe all know the feeling – there’s a major purchase we want to make, but we’re worried it will break the bank. Whether itMother’s Day is a time to show your mother how much you appreciate their love and efforts they make every day. The trueAre you spending hours entering debtor invoice to Xero or worse paying staff to spend hours entering this information whThe rates to be applied where the cents per kilometre basis is used for the 2017/18 FBT year in respect of the private uThe benchmark interest rate for the 2017/18 FBT year is 5.25% p.a. (5.65% applied in 2016/17). This rate is used to calcThe ATO has released a Taxation Determination confirming that the costs of travelling to have a tax return prepared by aPrior to this income year, companies that paid tax on their taxable income at 28.5% could still pass on franking creditsThe most significant difference between the Government’s original proposals and what was finally passed by Parliament waAs was previously announced, the Small Business Entity (‘SBE’) definition has changed with respect to the turnover eligiTax planning time is upon us once again and if you are a primary producer there are some very good tax deductions availaMindfulness is now recognised as a powerful tool that can help you upgrade your inner technology – the mind, to keep upThe word BUDGET is not usually associated with positivity or fun! A budget is often considered private and in the pastRecently I had an experience, which at the time was very frustrating! When you are breeding cattle you cannot choose wheExecutor: The person appointed by a will to administer the deceased estate. The executor holds all of the assets of theRising property prices have made it harder for young people to get into the property market than it was for previous gCentrelink offers a range of financial benefits to help parents manage the cost of raising kids. And if you’re a singleIf you’re thinking of setting up a self-managed super fund (SMSF), there are lots of things you need to consider first.The ATO has advised that the recent change to tax for working holiday makers means there are extra steps tax agents needDue to the introduction of the new ‘transfer balance cap’ from 1 July 2017, super fund members with pensionA lack of supporting evidence has led to a company failing to prove it was entitled to claim deductions for tax losses (From 1 July 2017, overseas clients with an Australian turnover of $75,000 or more will need to register for, collect andThe ATO is visiting more than 400 businesses across Perth and Canberra this month as part of a campaign to “help sThe ATO must be concerned about healthcare practitioners receiving lump sums and treating them as capital payments, as tIn conjunction with the introduction of the temporary budget repair levy (of 2%, payable by high income earners), the FBHaving employees means extra time and money spent on bookkeeping that you need to complete usually fortnightly but sometAttention all keyboard ninjas! If you’ve been finding your way around Xero and are ready to speed things up, here’s a cFor many years the Australian Taxation Office has been viewed with trepidation as our tax laws are some of the most compChoosing a Mobile phone plan and a service provider can be quite a task, especially nowadays when there are so many diffYou are being judged. Whether it is in social media, in your employment or in your everyday life, you are sending a messCloud technology and energetic competition have driven MYOB to develop new technology, functionality and even a new imagSetting up a home business is an exciting step. But for many women, it can also make the juggling act between work and fWhether you’re a growing family in need of a bigger house, empty nesters downsizing, or someone who’s just looking for aIf you’re a parent concerned about the spending habits of your son or daughter, you’re not alone. Here are some simple sDo you have a plan… We plan birthday parties, Christmas parties and any other excuse to have a party. We all plan to staIf you own a business, the good news is that there is a range of different grants available for you right now! Follow tMade in Queensland is a Queensland Government initiative supporting our Manufacturing Sector to become more internationaHave you heard about the Small Business Entrepreneur Grants Program? The program is providing matched funds to newly staSkilling Queenslanders for Work (SQW) represents a significant investment of $240 million over four years to support 32,The $130 million Jobs and Regional Growth Fund is part of the government’s broader $200M Jobs and Regional Growth PackagThe Australian Government has committed $220 million to the Regional Jobs and Investment Packages (RJIP) to help regionsAn employee construction project manager/supervisor was denied deductions for overtime meal expenses, as he was not paidThe ATO is currently reviewing arrangements where individuals (at, or approaching, retirement age) purport to divert theThe ATO has issued a reminder that the government has changed the way fringe benefits will be treated for the calculatioThe ATO has confirmed that, if intangible capital improvements are made to a pre-CGT asset, they can be a ‘separatIn a recent case, the Federal Court has agreed with the ATO that ‘ride-sourcing’ (such as that provided usinThe ATO has provided some information about Super Guarantee (SG) non-compliance in its recent submission to a Senate inqDo you have a business which is using Xero? Do you also have clients who often don’t pay your invoices on time? This cMYOB would like us to upgrade our AccountRight Live 2016.2 files to 2016.3 so we can start getting used to their new braYour child’s education is an important investment in their future. But getting it right takes careful planning, which meThe gender wage gap is putting many women on the back foot financially – but a successful salary negotiation can make aInvesting in property is a huge decision, and it may suit some investors more than others. Here are some things to keepIt’s so easy, isn’t it? To know deep down that we should really look at something but we don’t want the bad news so weThe ATO has notified taxpayers that, from 19 January 2017, newly registered small businesses have the option to report lThe ATO has released a public taxation ruling covering the ATO’s views on the deductibility of expenditure incurred in aA ‘UPE’ (or ‘unpaid present entitlement’) arises where a trust makes a beneficiary entitled to aThe ATO has announced that it will be undertaking the following two data matching programs. Ride Sourcing data matchingFrom 1 January 2017, tax rates changed for working holiday makers who are in Australia on a 417 or 462 visa (these ratesWhile most, if not all businesses engage an Accountant to do their Tax Return, Accountants do much much more than this.If you’ve decided that January was a free trial month and 2017 is going to start in February, then there is still plentyThe beginning of a new year is the perfect time to look at your business processes and procedures, and have a think abouDo you have a Self-Managed Super fund? Did you start one in the 2015/16 financial year? If you answered yes to both of tWhy Add-ons As its website says, Xero is “Accounting software with all the time-saving tools you need to grow your businAt this time of the year, there are public holidays and lodgement extensions flying everywhere! If you are an employer,There are a number of industries in our local area that rely heavily on the labour of non-resident employees who are onThe party you went to last week was a blast. Sure you might have had a little too much to drink and made a spectacle ofChasing up outstanding invoices and customers who don’t follow your invoice terms is one of the inevitable challenges ofEven with advances in technology and grammar checking programs, errors can still be made and not picked up. Why does thiDo you ever wish you started seeing a financial adviser earlier in life? Then consider setting your kids on their own fiBecoming a parent brings a world of joy into your life, but it can also put a strain on your household finances. So if yOverspent in 2016? Here’s how to put your finances back on track – and even get ahead. Despite the best intentions, manyThe AAT has held that GST applied to the disposal of four properties that had been built, leased and then sold. GST doesThe ATO has released a taxation determination regarding how it will apply the non-arm’s length income (‘NALI’) rules toThe ATO has announced it is embarking on the following three (major) data matching programs. Share transactions data matThe government’s extensive changes to the taxation laws regarding superannuation were passed by Parliament on 23 NThe government has finally legislated the tax cuts originally announced in the May 2016 Budget, so that the marginal taxI do a lot of online shopping. More than I probably should. I’ve started to notice more and more online stores are offIn this ever changing world, more and more employers are providing flexible work arrangements for their employees. I amOften when it comes to recruitment, you look for a candidate that has the right qualifications and skills. That’s great,I don’t know about you but my inbox is currently ruling my day! I get a constant stream of little pop up boxes on the boCash flow: “Never take your eyes off the cash flow because it’s the life blood of business” – Richard Branson WhilYou’ve worked hard to build your wealth over the years. Now you can have peace of mind by ensuring your loved ones are tRetiring earlier and living longer: why every woman needs the right financial strategy to make sure their savings will lBuilding a relationship with a financial adviser can literally change your life. And as with every relationship, the morAn effective Administrator is not only an asset to your business but holds one of the most valuable positions within youWhere a buyer commences to hold all of the shares in a company (including a company acting as trustee of a trust), theyIn a recent case, the AAT confirmed that a taxpayer was a resident of Australia for taxation purposes while he was livinThe ATO has issued an information sheet to let taxpayers know that money earned from renting out a room in a house is reThe ATO has reported that the building and construction industry represents a disproportionate amount of its debt book,The ATO has announced that it will be contacting some SMSF trustees in November 2016 to participate in a survey about thAdjusting to a reduced income in retirement can be challenging. But luckily there are a wide range of support options avBeing faced with cancer can have a devastating impact on women and their families. That’s why it’s so important to reducSingle and fabulous? Make sure your finances are in top shape as well. Whether you’re single by choice, readjusting afteIf you are in the Building and Construction Industry, the ATO may be wanting to contact you! The ATO has released a notiThe Inland Revenue Authority of Singapore and the ATO have entered into an agreement on the automatic exchange of financThe Treasurer has ordered the sale of a further 16 Australian residential properties that have been held by foreign natiThe Department of Human Services (DHS) (which operates Centrelink) has launched its ‘Non Employment Income Data MaIn a recent case before the Administrative Appeals Tribunal (AAT), amended assessments issued to a taxpayer by the ATO,Goods imported into Australia – often by consumers using the internet – which cost less than $1,000 are currently GST-frEarlier in the year, we reported that an unknown source had leaked 11.5 million documents from the Panamanian law firm oFollowing further consultation, the government has announced the following ‘improvements’ to the superannuatThe official cut off thresholds have now been determined. In order to retain a part age pension and keep the concessionsSingle Touch Payroll (STP) has now passed through parliament. It applies to businesses with 20 or more employees and aFarm managers often contain and process a lot of data in their heads (extreme amounts), regarding weather patterns, soilMany newlyweds start married life struggling from heavy debts from their big day. But with a proper financial plan, a waRecent studies show that more than two in five Australians lack confidence when it comes to financial decision making1.Being your own boss can be rewarding, but it’s also incredibly challenging. That’s why it’s important to future-proof yoIt’s impossible to know what’s on the horizon, but with the right personal insurance, at least you can be financially prAs of 1 October 2016 the tax rates will change. Are you ready? In the May Budget the government announced changes to indAfter a brigade of changes to the unpopular $500,000 Lifetime Non-Concessional Cap first announced in the May budget, thAfter attending Xerocon in Brisbane last week, they made many announcements of improvements they are making to Xero. SoWith over eight million Australians claiming work-related expenses each year, the ATO is reminding people to make sure tThe ATO’s stance against phoenix activity has continued with multiple search warrants issued, and many business and resiThe ATO has also confirmed that the cost to a business taxpayer of a yearly airport lounge membership (e.g., Qantas ClubThe ATO has confirmed that a taxpayer carrying on business is generally entitled to a deduction for expenses incurred onIn the 2016/2017 Federal Budget, it was announced that, from 7:30pm (AEST) on 3 May 2016, there will be a lifetime cap oThe ATO has launched a new project called ‘Super Scheme Smart’, an initiative aimed at educating individualsWhen it comes to business, first impressions can make or break the relationship. But how can you make that first impressPayroll mistakes can be expensive to small business. Follow these tips to help you avoid making these mistakes that will