News
McKinnon Financial Services is constantly updating its knowledge in the following areas and is keen to pass on the knowledge to clients.
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Financial planning
Recent developments in the Self Managed Super Fund (SMSF) regulations effectively allow a SMSF to borrow for the purchase of a residential or commercial investment property.
For small business owners, it is now possible to use your super as a deposit on your own commercial premises and borrow the rest. If you retire at age 60, any income ... | | Read More ... |
We recently discovered a nasty little change to the principle place of residence (PPR) stamp duty concession by the Queensland Office of State Revenue (OSR).
Quite often when you're buying a new home you may not be able to move into it immediately because it is tenanted or you haven't sold your own home. Until recently, the OSR wa... | | Read More ... |
The vast majority of credit card companies do not charge you interest for purchases (not cash advances), if you pay off the entire amount owing by the due date, but if you are $1.00 short they will charge you interest on the entire amount outstanding.
We recently had a client who had mistakeningly paid his credit card bill short by some m... | | Read More ... |
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