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
- 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 bilIf you spending hours chasing clients to pay their invoices it means you are spending less time in your business doing tTo make child care more affordable, the federal government offers parents two forms of financial assistance. Here’s whatEver wondered why your EOFY tax bill was higher than you expected? It could be because of the Medicare Levy. So what doeThe car depreciation limit for the 2017/18 income year is $57,581 (the same as the previous year). This amount limits dThe ATO has released its latest taxation determination on reasonable travel expenses, and it includes a big change for eThe Government will seek to legislate to close a loophole that could be used by unscrupulous employers to short‑change eFrom 1 July 2017, where a foreign resident disposes of Australian real property with a market value of $750,000 or aboveParliament has passed legislation which applies GST to goods costing $1,000 or less supplied from offshore to AustralianFrom 1 July 2017, GST applies to imported services and digital products from overseas, including: digital products suchThe ATO is increasing attention, scrutiny and education on work-related expenses (WREs) this tax time. Assistant CommissWhen you start a new job, your employer will begin making regular contributions to your super. Contributing to super isWelcome to the 2017/18 Financial Year! It’s already the end of July. By now your business resolutions should be set forAn appropriate estate plan ensures wealth is dealt with, after death, as intended, while minimising the impact of challeIf you’re invested in property – or if you’re looking to buy your first home or downsize – the federal government has prWorried about running out of money in old age? We talk to retirement expert and women’s advocate Nicolette Rubinsztein aUnfair as it might be, we make our first impression in a matter of moments. It takes just a quick glance, maybe only a fAre you an owner of a retail business and wonder how you could be doing things differently when it comes to your sales oSince 1 July 2016, where a foreign resident has disposed of real estate located in Australia, the purchaser has had to wUp until 30 June 2017, an individual (mainly those who are self-employed) could claim a deduction for personal super conThe ATO is reducing the amount of information needed to be included in the business activity statement (or ‘BAS’) to simIn the 2017/18 Federal Budget handed down on 9 May 2017, the Federal Government announced that it intended to extend theThe 2% Temporary Budget Repair Levy (or ‘TBRL’), which has applied to individuals with a taxable income exceeding $180,0Recently I found myself sitting in a room with 400 accountants all wanting the same goal, to learn about the changes inThere are many different ways stress can impact on your life. Have a look at the following list and see if any relate toIt 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 toAre you keeping your receipts in a shoe box? Did you know that this could be costing you more at your accountants? SquiSetting up a business at home can be extremely rewarding, especially if it gives you more time to spend with family. ButHow do you best prepare for the end of the financial year? Adopt some of this advice and it could make a real differenceThe car parking threshold for the FBT year commencing 1 April 2017 is $8.66. This replaces the amount of $8.48 that appThe ATO has advised that, in the lead up to tax time, it’s important to be aware of what taxpayers share on socialAs a general proposition, for income tax purposes, interest income on a bank account is assessable to the account holderThe Government handed down the 2017/18 Federal Budget on Tuesday 9th May 2017. The Budget proposes (amongst several otheFor many small investors who have purchased investments properties over the years in an effort to create a nest egg, theOne of the most effective ways a company can understand their customers is through feedback. There are many ways that cBefore 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 mor