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
Could 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 lGetting the most out of your adviser relationship
Building a relationship with a financial adviser can literally change your life. And as with every relationship, the morThe Importance of the Administration Role in your Business
An effective Administrator is not only an asset to your business but holds one of the most valuable positions within youCrucial issue to consider when buying a company
Where a buyer commences to hold all of the shares in a company (including a company acting as trustee of a trust), theyLiving overseas but still taxable here
In a recent case, the AAT confirmed that a taxpayer was a resident of Australia for taxation purposes while he was livinRenting out a room is rental income
The ATO has issued an information sheet to let taxpayers know that money earned from renting out a room in a house is reATO warning for the building and construction industry
The ATO has reported that the building and construction industry represents a disproportionate amount of its debt book,Survey for SMSFs using LRBAs
The ATO has announced that it will be contacting some SMSF trustees in November 2016 to participate in a survey about thMake the most of your retirement income
Adjusting to a reduced income in retirement can be challenging. But luckily there are a wide range of support options avWomen and cancer: what you need to know
Being faced with cancer can have a devastating impact on women and their families. That’s why it’s so important to reducFlying solo: financial advice for singles
Single and fabulous? Make sure your finances are in top shape as well. Whether you’re single by choice, readjusting afteBuilding and Construction Industry ATO Debt Crisis
If you are in the Building and Construction Industry, the ATO may be wanting to contact you! The ATO has released a notiSingapore and ATO to share data to reduce tax evasion
The Inland Revenue Authority of Singapore and the ATO have entered into an agreement on the automatic exchange of financ16 forced sales of properties illegally held by foreigners
The Treasurer has ordered the sale of a further 16 Australian residential properties that have been held by foreign natiDHS – Data matching project
The Department of Human Services (DHS) (which operates Centrelink) has launched its ‘Non Employment Income Data MaRecord keeping is always key to taking on the ATO
In a recent case before the Administrative Appeals Tribunal (AAT), amended assessments issued to a taxpayer by the ATO,GST on low-value imports
Goods imported into Australia – often by consumers using the internet – which cost less than $1,000 are currently GST-frFallout from ‘Panama Papers’ spreads
Earlier in the year, we reported that an unknown source had leaked 11.5 million documents from the Panamanian law firm oGovernment ‘backflip’ on superannuation changes
Following further consultation, the government has announced the following ‘improvements’ to the superannuatPension Asset Test to hit Australian’s in the pocket
The official cut off thresholds have now been determined. In order to retain a part age pension and keep the concessionsSingle Touch Payroll
Single Touch Payroll (STP) has now passed through parliament. It applies to businesses with 20 or more employees and aXero has the Ag Industry Figured out
Farm managers often contain and process a lot of data in their heads (extreme amounts), regarding weather patterns, soilWedding 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 yo