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
Paper vs. Electronic
In an electronic world when is it best to still have a piece of paper? It’s an ever growing trend; we have our phone bilThe Chase is on!
If you spending hours chasing clients to pay their invoices it means you are spending less time in your business doing tManaging the costs of child care
To make child care more affordable, the federal government offers parents two forms of financial assistance. Here’s whatUnderstanding the Medicare Levy
Ever wondered why your EOFY tax bill was higher than you expected? It could be because of the Medicare Levy. So what doeCar depreciation limit for 2017/18
The car depreciation limit for the 2017/18 income year is $57,581 (the same as the previous year). This amount limits dChange to travel expenses for truck drivers
The ATO has released its latest taxation determination on reasonable travel expenses, and it includes a big change for eAction to address super guarantee non-compliance
The Government will seek to legislate to close a loophole that could be used by unscrupulous employers to short‑change eNew threshold for capital gains withholding
From 1 July 2017, where a foreign resident disposes of Australian real property with a market value of $750,000 or aboveImposition of GST on ‘low-value’ foreign supplies
Parliament has passed legislation which applies GST to goods costing $1,000 or less supplied from offshore to AustralianGST applies to services or digital products bought from overseas
From 1 July 2017, GST applies to imported services and digital products from overseas, including: digital products suchATO warning regarding work related expense claims for 2017
The ATO is increasing attention, scrutiny and education on work-related expenses (WREs) this tax time. Assistant CommissSTARTING A NEW JOB? GET YOUR SUPER SORTED FIRST
When you start a new job, your employer will begin making regular contributions to your super. Contributing to super isEOFY resolutions for your small business
Welcome to the 2017/18 Financial Year! It’s already the end of July. By now your business resolutions should be set forWhy is estate planning important?
An appropriate estate plan ensures wealth is dealt with, after death, as intended, while minimising the impact of challeProperty owners: What the 2017 Federal Budget means for you
If you’re invested in property – or if you’re looking to buy your first home or downsize – the federal government has prGolden girls: What women need to know about money
Worried about running out of money in old age? We talk to retirement expert and women’s advocate Nicolette Rubinsztein aMaking a Great First Impression
Unfair as it might be, we make our first impression in a matter of moments. It takes just a quick glance, maybe only a fIs your new best friend’s name Vend?
Are you an owner of a retail business and wonder how you could be doing things differently when it comes to your sales oChanges to the foreign resident withholding regime for sales of Australian real estate
Since 1 July 2016, where a foreign resident has disposed of real estate located in Australia, the purchaser has had to wChange to deductions for personal super contributions
Up until 30 June 2017, an individual (mainly those who are self-employed) could claim a deduction for personal super conSimpler BAS is coming soon
The ATO is reducing the amount of information needed to be included in the business activity statement (or ‘BAS’) to simExtension of the $20,000 SBE Immediate Deduction Threshold
In the 2017/18 Federal Budget handed down on 9 May 2017, the Federal Government announced that it intended to extend theRemoval of the Temporary Budget Repair Levy from the 2017/18 income year
The 2% Temporary Budget Repair Levy (or ‘TBRL’), which has applied to individuals with a taxable income exceeding $180,0Change is here!
Recently I found myself sitting in a room with 400 accountants all wanting the same goal, to learn about the changes inCould you be suffering from stress?
There are many different ways stress can impact on your life. Have a look at the following list and see if any relate toBudgets – Why do you need one?
It is nearly the end of the financial year and it’s time to look at how your business has done for the year and talk toSquirrel Street Add-on for Xero
Are you keeping your receipts in a shoe box? Did you know that this could be costing you more at your accountants? SquiRunning a business from home: are you covered?
Setting up a business at home can be extremely rewarding, especially if it gives you more time to spend with family. ButMake sure you’re AOK for EOFY
How do you best prepare for the end of the financial year? Adopt some of this advice and it could make a real differenceFBT: Car parking threshold
The car parking threshold for the FBT year commencing 1 April 2017 is $8.66. This replaces the amount of $8.48 that appUsing social media? Be aware of tax scams!
The ATO has advised that, in the lead up to tax time, it’s important to be aware of what taxpayers share on socialWho is assessed on interest on bank accounts?
As a general proposition, for income tax purposes, interest income on a bank account is assessable to the account holderBudget Update
The Government handed down the 2017/18 Federal Budget on Tuesday 9th May 2017. The Budget proposes (amongst several otheTravel Expense Claims Not Allowed From 1 July 2017
For many small investors who have purchased investments properties over the years in an effort to create a nest egg, theWhy give feedback?
One of the most effective ways a company can understand their customers is through feedback. There are many ways that c5 things to consider before a sea or tree change
Before you swap your briefcase for a beach towel, have you thought carefully about what life in a quieter location wilThe nitty-gritty of financial goal setting
There is plenty of advice out there about why you should save for your future, but little that explains exactly how. One7 Hacking Tactics Aimed at You
Hackers are only as successful as we are unsuspecting. Current antivirus software, secure passwords, backups, strong phMaking the dream purchase a reality
We 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 at The Money Edge
Mother’s Day is a time to show your mother how much you appreciate their love and efforts they make every day. The trueHave your bills sucked directly into Xero
Are you spending hours entering debtor invoice to Xero or worse paying staff to spend hours entering this information whFBT: Cents per kilometre basis
The rates to be applied where the cents per kilometre basis is used for the 2017/18 FBT year in respect of the private uFBT: Benchmark interest rate
The 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 calcCosts of travelling in relation to the preparation of tax returns
The ATO has released a Taxation Determination confirming that the costs of travelling to have a tax return prepared by aChanges to the franking of dividends
Prior to this income year, companies that paid tax on their taxable income at 28.5% could still pass on franking creditsReduction in the corporate tax rate
The most significant difference between the Government’s original proposals and what was finally passed by Parliament waIncrease to the SBE turnover threshold
As was previously announced, the Small Business Entity (‘SBE’) definition has changed with respect to the turnover eligiAccelerated Depreciation for Primary Producers
Tax planning time is upon us once again and if you are a primary producer there are some very good tax deductions availaMindfulness – a powerful tool
Mindfulness is now recognised as a powerful tool that can help you upgrade your inner technology – the mind, to keep upIs Social Media making saving and budgeting trendy?
The word BUDGET is not usually associated with positivity or fun! A budget is often considered private and in the pastDon’t give up!!
Recently I had an experience, which at the time was very frustrating! When you are breeding cattle you cannot choose wheThe Executor!
Executor: The person appointed by a will to administer the deceased estate. The executor holds all of the assets of theGive your kids a home-buying boost
Rising property prices have made it harder for young people to get into the property market than it was for previous gA helping hand for single parents
Centrelink offers a range of financial benefits to help parents manage the cost of raising kids. And if you’re a singleIs an SMSF right for you?
If you’re thinking of setting up a self-managed super fund (SMSF), there are lots of things you need to consider first.Working holiday makers – 2017 early lodgers
The ATO has advised that the recent change to tax for working holiday makers means there are extra steps tax agents needSuper changes may require action by 30 June 2017!
Due to the introduction of the new ‘transfer balance cap’ from 1 July 2017, super fund members with pensionCompany disallowed $25 million of carried forward tax losses
A lack of supporting evidence has led to a company failing to prove it was entitled to claim deductions for tax losses (Planned changes to GST on low value imported goods
From 1 July 2017, overseas clients with an Australian turnover of $75,000 or more will need to register for, collect andTax officers “hit the streets” to “help small businesses”
The ATO is visiting more than 400 businesses across Perth and Canberra this month as part of a campaign to “help sLump sum payments received by healthcare practitioners
The ATO must be concerned about healthcare practitioners receiving lump sums and treating them as capital payments, as tReduction in FBT rate from 1 April 2017
In conjunction with the introduction of the temporary budget repair levy (of 2%, payable by high income earners), the FBIs your Payroll Process Efficient?
Having employees means extra time and money spent on bookkeeping that you need to complete usually fortnightly but sometXero Shortcut keys
Attention all keyboard ninjas! If you’ve been finding your way around Xero and are ready to speed things up, here’s a cKISS the ATO?
For many years the Australian Taxation Office has been viewed with trepidation as our tax laws are some of the most compMobile Phone Contracts – How to avoid Money Traps
Choosing a Mobile phone plan and a service provider can be quite a task, especially nowadays when there are so many diffPresent Yourself for Success
You are being judged. Whether it is in social media, in your employment or in your everyday life, you are sending a messThe Cost of MYOB’s New Look
Cloud technology and energetic competition have driven MYOB to develop new technology, functionality and even a new imagStarting a business from home?
Setting up a home business is an exciting step. But for many women, it can also make the juggling act between work and fYour handy moving-house checklist
Whether you’re a growing family in need of a bigger house, empty nesters downsizing, or someone who’s just looking for aHelp your kids avoid the debt spiral
If 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?
Do you have a plan… We plan birthday parties, Christmas parties and any other excuse to have a party. We all plan to staGrants
If 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 Grants Now on Offer to Manufacturers
Made in Queensland is a Queensland Government initiative supporting our Manufacturing Sector to become more internationaOffice of Small Business: Entrepreneur Grants
Have you heard about the Small Business Entrepreneur Grants Program? The program is providing matched funds to newly staSkilling Queenslanders for Work – Applying for Funding – Bundaberg
Skilling Queenslanders for Work (SQW) represents a significant investment of $240 million over four years to support 32,Jobs and Regional Growth Fund
The $130 million Jobs and Regional Growth Fund is part of the government’s broader $200M Jobs and Regional Growth PackagRegional Jobs and Investment Package
The Australian Government has committed $220 million to the Regional Jobs and Investment Packages (RJIP) to help regionsNo overtime meal allowance, no overtime meal deduction
An employee construction project manager/supervisor was denied deductions for overtime meal expenses, as he was not paidDiverting personal services income to SMSFs
The ATO is currently reviewing arrangements where individuals (at, or approaching, retirement age) purport to divert theFringe benefits change for tax offsets from 1 July 2017
The ATO has issued a reminder that the government has changed the way fringe benefits will be treated for the calculatioMaking ‘intangible’ capital improvements to pre-CGT assets
The ATO has confirmed that, if intangible capital improvements are made to a pre-CGT asset, they can be a ‘separatRide-sourcing is ‘taxi travel’
In a recent case, the Federal Court has agreed with the ATO that ‘ride-sourcing’ (such as that provided usinATO data regarding Super Guarantee non-compliance
The ATO has provided some information about Super Guarantee (SG) non-compliance in its recent submission to a Senate inqGet paid faster with Stripe
Do you have a business which is using Xero? Do you also have clients who often don’t pay your invoices on time? This cMYOB Upgrade to 2016.3
MYOB would like us to upgrade our AccountRight Live 2016.2 files to 2016.3 so we can start getting used to their new braHow much will your child’s education cost?
Your child’s education is an important investment in their future. But getting it right takes careful planning, which meTime to ask for a pay rise?
The gender wage gap is putting many women on the back foot financially – but a successful salary negotiation can make aInvesting in property? Is it right for you?
Investing in property is a huge decision, and it may suit some investors more than others. Here are some things to keepIs Your Head in the Sand Too?
It’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 weEasier GST reporting for new small businesses
The ATO has notified taxpayers that, from 19 January 2017, newly registered small businesses have the option to report lDeductibility of expenditure on a commercial website
The ATO has released a public taxation ruling covering the ATO’s views on the deductibility of expenditure incurred in aCan a UPE be written off and claimed as a bad debt?
A ‘UPE’ (or ‘unpaid present entitlement’) arises where a trust makes a beneficiary entitled to aATO data matching programs
The ATO has announced that it will be undertaking the following two data matching programs. Ride Sourcing data matchingChanges to the ‘backpacker tax’
From 1 January 2017, tax rates changed for working holiday makers who are in Australia on a 417 or 462 visa (these ratesCan your accountant add value to your situation?
While most, if not all businesses engage an Accountant to do their Tax Return, Accountants do much much more than this.Have you started 2017 or still in free trial mode?
If you’ve decided that January was a free trial month and 2017 is going to start in February, then there is still plentyThe Basic Bookkeeping Checklist
The beginning of a new year is the perfect time to look at your business processes and procedures, and have a think abouThe February 28 deadline for SMSF returns is getting closer
Do you have a Self-Managed Super fund? Did you start one in the 2015/16 financial year? If you answered yes to both of tManage Receipts with ‘Receipt Bank’
Why Add-ons As its website says, Xero is “Accounting software with all the time-saving tools you need to grow your busin2016 Christmas Important Dates
At this time of the year, there are public holidays and lodgement extensions flying everywhere! If you are an employer,Employers of non-resident working holiday makers: ATO registration
There are a number of industries in our local area that rely heavily on the labour of non-resident employees who are onSocial media and recruitment
The party you went to last week was a blast. Sure you might have had a little too much to drink and made a spectacle ofDealing with Debtors!
Chasing up outstanding invoices and customers who don’t follow your invoice terms is one of the inevitable challenges of10 Essential Proofreading Tips
Even with advances in technology and grammar checking programs, errors can still be made and not picked up. Why does thiStarting young
Do you ever wish you started seeing a financial adviser earlier in life? Then consider setting your kids on their own fiHave you baby-proofed your finances?
Becoming a parent brings a world of joy into your life, but it can also put a strain on your household finances. So if yYour top five New Years’ financial resolutions
Overspent in 2016? Here’s how to put your finances back on track – and even get ahead. Despite the best intentions, manyLeased properties were still ‘new residential premises’
The AAT has held that GST applied to the disposal of four properties that had been built, leased and then sold. GST doesLast chance for non-arm’s length related party LRBAs
The ATO has released a taxation determination regarding how it will apply the non-arm’s length income (‘NALI’) rules toATO Data matching programs
The ATO has announced it is embarking on the following three (major) data matching programs. Share transactions data matSuperannuation changes passed by Parliament
The government’s extensive changes to the taxation laws regarding superannuation were passed by Parliament on 23 NPersonal income tax cuts are law!
The government has finally legislated the tax cuts originally announced in the May 2016 Budget, so that the marginal taxTo Afterpay or to pay now?
I do a lot of online shopping. More than I probably should. I’ve started to notice more and more online stores are off7 tips for the remote worker
In this ever changing world, more and more employers are providing flexible work arrangements for their employees. I am5 tips for recruiting for the right fit
Often when it comes to recruitment, you look for a candidate that has the right qualifications and skills. That’s great,Are you a slave to your inbox?
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: the life blood of business
Cash flow: “Never take your eyes off the cash flow because it’s the life blood of business” – Richard Branson WhilEstate planning: how to get it right
You’ve worked hard to build your wealth over the years. Now you can have peace of mind by ensuring your loved ones are tFinancial advice for a long life
Retiring earlier and living longer: why every woman needs the right financial strategy to make sure their savings will l