Meet Leanne Rudd – CEO, The Money Edge
Welcome to The Money Edge
At The Money Edge we take a holistic approach to our clients and as such we offer a variety of services to ensure we are able to provide our clients with the best solutions for their situation.
Unique solutions for our clients are delivered by a team of highly skilled and qualified staff members who thrive on helping our clients achieve their goals and desired lifestyle.
Our Latest Blogs
- In the 2017/18 year, minors (under 18 at 30 June) can receive investment income (including trust distributions) of up toMany of our business clients like to review their tax position at the end of the income year and evaluate any year-end sTax saving strategies prior to 1 July 2018 A good strategy to reduce tax payable is normally to accelerate any income taAs from 1 July 2017 the maximum concessional superannuation contribution limit is $25,000 for all individuals, regardlesThe car parking threshold for the FBT year commencing 1 April 2018 is $8.83. This replaces the amount of $8.66 that applThe car limit is $57,581 for the 2018/19 income year (unchanged from the previous year). This amount limits depreciationThe ATO has reminded members of SMSFs that they will be able to use their voluntary super contributions to assist with bThe ATO has announced that it will be closely examining claims for work-related car expenses this tax time as part of aThe Government has introduced legislation to complement the superannuation guarantee (‘SG’) integrity packagThe Government handed down the 2018/19 Federal Budget on Tuesday 8th May 2018. Some of the important proposals include:On Tuesday 8 May, the federal government handed down its Budget for the 2018–19 financial year. This is the third BudgetThe ATO has recently advised that they are “setting their sights on the large number of mistakes, errors and false claimAn employee photographer has been denied deductions for travel expenses (when travelling with his family), and other purThe ATO has released Taxation Determinations setting out the following rates for the FBT year commencing on 1 April 2018As we approach the end of the financial year, there are a number of smart strategies you could consider to help you streEmployers of 20 or more staff (according to a simple headcount on 1 April 2018) will be required to lodge their payrollHave you had a look at your current level of life insurance lately? Yes, I know some of you will say ‘I have got insuranRecently, the Commissioner of Taxation highlighted the areas in which the ATO has recently increased its focus, includinThe Federal Court has held that superannuation guarantee contributions were payable with respect to the ‘additional hourThe ATO has published the key superannuation rates and thresholds for the 2018/19 income year. – The Non-ConcessioThe ATO has recently advised that, in an effort to maintain accurate data, the Australian Business Register (or ‘ABR’) pFrom 1 July 2018, individuals aged 65 or over may use the proceeds from the sale of an eligible dwelling that was theirIt’s that time of year again. Time to ensure you are ready to lodge your fringe benefit tax for 2018. A fringe benefit iThe ATO has published the key superannuation rates and thresholds for the 2018/19 income year. The Non-Concessional ContThe ATO has updated its small business benchmarks with the latest data from the 2015/16 financial year. In addition to hThe Small Business Superannuation Clearing House (SBSCH) joined the ATO’s online services on 26 February 2018. ThThe government has released draft legislation to ensure that a reversionary Transition to Retirement Income Stream (‘TRIIn a recent case, an Uber driver’s access to the Uber app had been terminated as a result of failing to maintainThe Administrative Appeals Tribunal has upheld amended assessments issued by the ATO to a beauty technician, based on thThis year, the ATO is paying close attention to what people are claiming as ‘other’ work-related expense dedThe Treasurer has released draft legislation containing new “integrity improvements” to the CGT small busineOn February 22, the government’s mandatory data breach notification scheme came into effect. The scheme requires organiFeeling overwhelmed? Invoices, statements, receipts, bank statements, credit card statements, warranties, manuals, the lThe Government has established a Small Business Digital Taskforce, to be headed by entrepreneur Mark Bouris AM, to ensurThe Government has announced that Treasury will review the current rules governing early release of superannuation on grThe ATO will extend the due date for lodgment of self-managed superannuation fund (SMSF) annual returns for 2016/17 to 3According to the ATO, of all of the things that can cause small businesses to fold, “high on that list is poor recFollowing the recommendations of the Superannuation Guarantee Cross‑Agency Working Group, the Government has released drParliament has passed the legislation allowing first home buyers to save for a deposit inside superannuation through theSuperannuation changes every employer needs to know! Small Business Superannuation Clearing House Transition to the porIt’s that time of year again, where businesses are planning their Christmas party for their staff and buying gifts. It’The AAT has denied a taxpayer’s deductions for work-related travel, clothing, self-education and rental property expenseThe Government has released draft legislation on “improving the integrity of GST on property transactions”,The ATO is recommending that taxpayers use their recently updated GST property decision tool to work out if GST appliesFollowing detailed consultation with the transport industry, the ATO has amended their determination for travel expensesThis year, the ATO’s annual office closure is between noon Friday 22 December and 8.00am Tuesday 2 January 2018. AThe ATO has announced that, from 1 July 2018, SMSF event-based reporting regarding events impacting a member’s transferThe ongoing citizenship saga in Parliament has resulted in the Government losing its one-seat majority in the House of RIf you’re retired or close to retirement, you’ll probably recall that the government changed the assets test for pensionWith Christmas just around the corner, here are 5 tips to help plan ahead and avoid a financial hangover on New Year’s DLet’s take some time out from our busy lives and have a think about how life would be if, because of sickness or injury,The ATO has released a discussion paper to facilitate consultation regarding the definition of ‘taxi’ contaiThe Government will introduce new laws to stop corporate misuse of the Australian Government’s Fair Entitlements GuarantA recent decision by the Full Court of the South Australian Supreme Court has provided guidance about the operation of BThe ATO has developed occupation-specific guides to help taxpayers understand what they can and can’t claim as work-relaThe recent superannuation reforms introduced the concept of a ‘transfer balance account’, to basically recorDo you have trouble selecting and retaining the right employees for your business? Are your management processes constaHave you ever been contacted by your bank to notify you of suspicious activity on your credit card? It’s a horrible feelDo you employ staff? Do you constantly chase your team for their timesheets which is putting you behind with your payroBeing faced with cancer can have a devastating impact on women and their families. That’s why it’s so important to reducSuccessfully transitioning between in-home care services, retirement villages and full-care accommodation is all about mFrom 1 July 2017, you are eligible to make personal concessional (tax-deductible) contributions under Superannuation RefThe ATO’s ‘Tax Avoidance Taskforce – Trusts’ continues the work of the Trusts Taskforce, by targeting higherThe ATO has reminded taxpayers that it uses a range of tools to identify and take action against people and businesses tThe Government has announced a package of reforms to give the ATO near real-time visibility over superannuation guaranteThe Government has released draft tax legislation to clarify that passive investment companies cannot access the lower cWhether it be in your personal or business life most of us require a strong, caring and informed support network aroundLast week Leanne and I had the privilege of traveling to Melbourne to attend Xerocon. This is an annual event to hear abWhile women play an active role in everyday financial decisions, they are less involved in managing long-term investmentHousing affordability continues to be a major challenge for many Australians. But if you’re willing to live outside theAre you a business owner on Xero who has a team of staff working in various locations that all need different informatioThe ATO generally issues activity statements by the end of the relevant month under their normal processes, allowing theThe government has issued new guidelines to set out criteria for tax deductible non-compulsory uniforms. The taxation laIf the total value of a superannuation fund member’s pensions exceeded $1.6 million on 1 July 2017, they may faceThe ATO finds that businesses tend to forget to update their Australian business number (ABN) details in the AustralianA limited release of ‘Single Touch Payroll’ began for a small number of digital service providers and theirAlthough we don’t normally report on Opposition tax policies, this policy change is so fundamental, and the existiR U OK? Day is our national day of action dedicated to encouraging everyone to connect with the people they care about aPowers of Attorney are documents created to empower someone to make decisions on behalf of another. A person making a PoWe all insure our cars (we even insure our pets), but how many of us have Life, TPD or Trauma insurance? Who is going tIn 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 true