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
- Despite protest from the agricultural industry, the backpacker tax rate has been increased in the federal budget to a flAre you thinking of selling a property? Before you do, you need to know if there are any Capital Gains Tax (or CGT) implWe plan ahead for annual holidays and even public holidays but often we don’t consider how we can plan ahead to reduce oThe ATO has advised that it is continuing its Contractor payments data matching program. It will acquire data from businFrom 1 July 2016, new rules will apply to sales of taxable Australian property (e.g., real estate) with a market value oThe ATO has advised that it has identified some instances where lifestyle assets, such as artworks and collectables, areEach year, the ATO identifies industries that they believe are at risk of not meeting their super guarantee obligationsWith the SuperStream deadline of 30 June rapidly approaching, ATO Deputy Commissioner James O’Halloran says now is the tAs part of an ongoing, Australia-wide program, the ATO has advised that it will be visiting restaurants, cafés and take-Clients may have recently heard something about an unknown source who has leaked 11.5 million documents from the PanamanWhen giving a payslip to a casual employee, the base rate of pay and the casual loading amounts need to be listed separaSalary sacrifice arrangements – it might be better to claim the deduction personally. Those with higher account baWhat You Need To Know Last night, Federal Treasurer Scott Morrison handed down the Federal Budget for the 2016-17 financWhile the prospect of retirement is exciting for most, the changes it brings can be a shock. In the previous edition ofAs Australians brace for a federal election, all eyes will be on the polls – and the economy. A slump in the resources sSince 2007 in certain circumstance Self-Managed Superannuation Funds (SMSF) have been able to borrow money from relatedWith the June 30 deadline fast approaching there are several tools that will enable you to be compliant and be able to lThe short answer is yes, but the rules have become more strict. New rules regarding storage and insurance for collectablThere has been some media speculation in the lead up to the Federal Budget about potential changes to superannuation rulThe ATO says that the 2013/14 data is now available for the ‘Small business benchmarks’. The ATO uses theseBasically, the ‘backpacker tax’, as announced, would see backpackers who work in the agricultural industry dThe ATO is warning trustees of SMSFs who hold investments in collectables* or personal-use assets*, acquired before 1 JuThe ATO has issued a timely reminder before the end of the financial year on the changes announced in last year’sIn 2012 a new law passed which established a new national register which has become the final authority for securities cThe Australian Taxation Office (ATO) has increased their scrutiny of all businesses and therefore we have seen a recordDon’t stress, there is still time to get your FBT sorted before you the ATO decides to conduct and audit! We are alwaysYou are one year out from retirement. Here are five steps to take now to ensure you’re ready. The last 12 months beforeWith International Women’s Day celebrated on March 8th, this month we focus in on the successes and learnings of a femalThe ATO has advised that they will begin cancelling the ABNs of approximately 220,000 trusts, where there is evidence thFor decades Australians have expected that they will live a better life than the generation before them but that might aAnybody interested in growing and protecting retirement wealth can learn important lessons from the investment strategyIn a recent case, a taxpayer undertook significant trades on the stock exchange and made losses, but was still found toAn employer cannot claim an input tax credit where it pays an expense on behalf of a superannuation fund, as the supplyParliament recently passed legislation amending the taxation law to impose withholding obligations on the purchasers ofThe ATO has advised that it will collect information from the Department of Human Services (DHS) for the following benefOn 1 January every year I wake up with this amazing feeling in my belly, some may call it butterflies, but really it’s tLast week some of our team members went to the Xero Roadshow. These are some of the new features that our Xero users canThe ATO has advised that foreigners who own land in Australia now have until 29 February 2016 to come forward and registThe ATO has published the 2016 March quarter rates for the General Interest Charge (GIC) and the Shortfall Interest CharA taxpayer’s claim that a related trust was entitled to the small business 15-year exemption* was rejected becauseThe ATO has reminded taxpayers that, in relation to claiming car expenses, the one-third of actual expenses method and 1The ATO has advised that, for people affected by the recent Victorian and Western Australian bushfires, refunds will beThe ATO has just announced that it is starting a new “asset” data matching protocol, and extending another CTo be able to claim deductions for the expenses of having a rental property it needs to be made available in the eyes ofWhen you own a rental property you can claim deductions for certain expenses.These expenses can only are only deductibleIn recent weeks we have discussed whether you can claim your car and ways in which you can claim your business related tNow we asked a few weeks ago… “Can I claim my car?” If you answered yes there are certain ways that thYou may think this is a silly question but it may include amounts you are not aware of. Rental or other rental related iIt’s the festive season and many people are planning their Christmas party for their staff. While we believe it is impoThe end of 2015 is fast approaching, almost at the speed of light it feels. With the end of every year, there is reflecThe Department of Immigration and Border Protection will provide the ATO with the following details of visa holders, theThe Superannuation Complaints Tribunal, which can resolve disputes between large superannuation funds and their members,The ATO has advised that it is contacting businesses in the building and construction industry about information provideAs the SuperStream rollout for small businesses continues, the ATO claims that it is helping employers in select industrThe ATO has reminded taxpayers that, from 1 July 2015, a new two-tier company tax system took effect and applies to allWe all know that superannuation is due on the 28th day after each financial quarter. So you’ll pay the October – DecembWith Tax laws changing all the time it is sometimes difficult to know what you can and can’t claim. Sometimes what youWhether you have a iphone, ipad or android you will have an app that you just can’t live without. With the every improvThe perfect retirement revolves around getting three things right – the financial, the emotional and the practical. FiguDon’t let the Christmas holidays undo your great work throughout the year. Be aware of spending patterns to turn silly sIn a recent speech, Kasey Macfarlane, Assistant Commissioner, SMSF Segment, Superannuation, discussed the issues facingThe ATO has advised that it will be visiting restaurants, cafés and take-aways in Box Hill (Melbourne) over the coming mThere are laws protecting consumers from unfair terms in ‘standard form contracts’ where the person has littThe ATO has announced that it has undertaken its first ever automatic sharing of bank information with the United StatesSince 1 July this year, a new Serious Financial Crime Taskforce has been operating to ensure that Commonwealth financialThe ATO has announced that it will acquire online selling data relating to between 15,000 and 25,000 individuals who solFrom 1 July this year, new provisions apply to allow certain small businesses, or an entity that is not in business, toThe ATO have issued an information sheet setting out how phone and internet expenses can be claimed. To be able to substEveryday I see a new blog on #tagging. How to use it, how many to use, the best tags….. The list goes on and on and on!November will see our team members each go without one of their most desired items in life in an attempt to raise moneyThe ATO has published the 2015 December quarter rates for the General Interest Charge (GIC) and the Shortfall Interest CThe ATO has advised that practitioners and their clients can opt to pay GST quarterly, and only report annually. This opThe ATO has issued an information sheet to help taxpayers get their property valuations right. They say that practitioneThe ATO has announced that it will conduct a data-matching program on credit and debit card transactions for the 2012/13The ATO has advised that it is sending letters to taxpayers in approximately 500 postcodes across Australia, reminding tIn a similar fashion, the New Zealand government has issued a discussion paper, entitled “GST: Cross border servicThe (now former) Treasurer recently announced that the States and Territories had unanimously agreed in principle to redThe most important aspect of all life skills is being able to communicate effectively. Communication is basically the acWe lose lots of things during the course of our lives, socks, car keys, wallet and even your super. Super is one of thePeople don’t come with signs that let you know their innermost feelings and often the outside view the person shows theThe ATO has provided the following advice regarding self-managed superannuation funds (SMSFs) applying for an ABN. TheFor those clients providing ‘ride-sourcing services’ (such as those offered via Uber), the ATO’s latesThe ATO has advised that it has developed a Visa Holders Data Matching Program with the Department of Immigration and BoAccording to the Commissioner of Taxation, Chris Jordan, the ATO has put in place a number of strategies to resolve dispAs a result of user feedback, the ATO has improved their ATO Small Business app and it continues to expand in functionalWe all know the good old sayings ‘many hands make light work’ and ‘too many cooks in the kitchen spoil the broth’. But“Can I claim my car?” This is a question we are asked every year during tax time so this Blog will hopefullyClients who participated in the October 2014 Telstra off-market share buy-back will need to take that into account whenThe government has announced a new service to help drought affected communities manage their tax affairs when times areCurrently, taxpayers have an option to use one of four methods to determine their work‑related car expense deductions. TThe ATO has reminded taxpayers that the builders’ and contractors’ taxable payments annual report is due toThe reasonable amount for overtime meal allowance expenses for 2015/16, where an allowance is paid under an award, orderThe government has introduced legislation for the following three small business measures that, if passed, will apply frThe ATO has advised that last year, it cross-referenced information reported in tax returns against over 600 million traDo you get to 1 July and think ‘Woohoo! I can’t wait to get my tax return!’ Then you start getting your paperwork in ordWhat do Steven Spielberg, Oprah Winfrey, Michelle Obama and Al Gore have in common? They have all been the victim of ideOn Tuesday night, 12 May 2015, the Federal Government handed down the Budget for the 2015/16 year. Key announcements incNow that I have your attention let me explain. Bookkeeping is not for everyone. It’s time-consuming, can cost youThe social security deeming rates* will be lowered from 20 March 2015 as follows: the ‘lower deeming rate’ wThe government recently announced that they intended to simplify tax and superannuation reporting obligations throughThe release of this ATO fact sheet follows a number of recent cases involving directors being largely unsuccessful in arThe ATO has reminded taxpayers who want to claim family assistance payments for the 2014 financial year that they must lWhere the cost of a working with children check application is borne by an employee, the expense is a deduction in the fCraig James, CommSec Chief Economist, shares his view on the latest Reserve Bank Board meeting. Some points include: theOn my way to work this morning I was listening to an interview on Triple J with the great Billy Corgan, lead singAs humans we think we see everything that’s in front of us, but do you really? We are inevitably shaped by our experiencEmpowerment is a buzz word right now – but what is it really? Basically it is a ‘pull’ strategy on the basis that peopleWe all like to believe that we make rational decisions. But is it really so? Think back to the last major purchase or lI have had a couple of my friends recently ask me ‘What is it that you actually do? I know you are a financial adviser,No doubt we all love email, you can get the same message to many people with a click of a button and you have a tWe all know the fairy tales we read as children contain lessons for life, and one of the best for business leaders is HaBefore ploughing ahead into this article, I suggest you first work through “Do you know where you are”; to get a feel foPeople often ask business owners “where do you want to go?” Now that’s a great question but perhaps the first questionWhen it comes to emails, as a novice my approach was very direct. I saw emails as a means to communicate my needs withouThe ATO is writing to businesses in the building and construction industry that have not lodged their ‘Taxable PayRecent case & the ATO’s stance in relation to it, indicates that it’s prepared to take a hard line on trThe ATO is carrying out two new data matching programs to identify non-compliance with registration, lodgment, reportingEach year, the ATO identifies industries where employers are at a greater risk of not making super contributions for theThe ACCC is warning Australian businesses to beware of an invoice email scam. The scam involves scammers pretending to bThe Minister for Small Business, Bruce Billson, and the Assistant Treasurer, Josh Frydenberg, announced that the Governm