#Everyoneneedsaplan when speculating with bitcoin

Posted by G. Dean McKinnon on 20 December 2017
What do you know about bitcoin? Dean has a few tips to help you understand: Bitcoin is similar to a currency (cash) and is used to pay for goods and services, usually Internet purchases; The difference is bitcoin is not regulated by any government and therefore governments don't control the supply; There is massive speculation that bitcoin will replace cash for purchases (specifically on the Internet) and this is fuelling the price; Bitcoin ...
Posted in:EconomicSuperannuationInvestment   0 Comments

#Everyoneneedsaplan when accounting for the work Christmas party!

Posted by G. Dean McKinnon on 13 December 2017
The End of Year Christmas Party - do you know if FBT is applicable and how to account for it? You may need to allow for Fringe Benefit Tax (FBT) when throwing that end of year Christmas Party and not just treat the cost as a business expense. Points to consider to determine if FBT is applicable:     Who is attending the Christmas party (e.g. clients; employees; suppliers; employee's partners);     Where is the party being held (e.g. at your...
Posted in:Tax   0 Comments

#Everyoneneedsaplan to Insure Household Workers

Posted by G. Dean McKinnon on 6 December 2017
Household Worker Insurance Do you employ workers in your home?  Most people are unaware that they have to insure casual workers, that complete work at their home, and that it costs very little to insure them.  A household worker could be: a Cleaner a Babysitter a Nanny a Gardener a Labourer or Tradeperson. This article provides some good examples of how a WorkCover Queensland insurance policy could save you thousands of dollars if the...
Posted in:Insurance   0 Comments

#Everyoneneedsaplan for the holiday season without the financial stress

Posted by G. Dean McKinnon on 29 November 2017
Christmas is just around the corner, along with a hectic round of parties, etc.  To start 2018 fit and refreshed, rather than financially flattened, here's a 7-step plan to consider for managing your upcoming expenses: 1.  Create a budget Use a spreadsheet to work out how much you can afford to spend on gifts, holiday, food and drink and STICK TO IT. 2.  Be sensible with your gifts Talk to family and friends about setting a do...
Posted in:Financial Planning   0 Comments

#everyoneneedsaplan for business finance

Posted by G. Dean McKinnon on 16 November 2017
After a business loan - MCKFS are finance and mortgage brokers As an accredited member of Plan Australia MCKFS has access to many lenders. One of our lenders currently has the following on offer for their small business loans (available until 9 December 2017): Business Essentials Variable Rate of 4.45% pa (residential or commercial security) One flat establishment fee of $800 Loan valuation fee waived 100% loan offset account For new bank loans up to...
Posted in:PropertyMortgages and Finance   0 Comments
McKinnon Financial Planning Pty Ltd ABN 74 155 233 784 Australian Financial Services Licence 417488 | McKinnon Financial Services Pty Ltd ABN 82 056 817 648 Australian Credit Licence 392173 | General Advice Warning: Information contained in the pages of this website is of a general nature only and has not taken into account your particular circumstances. You should consider whether any strategies and or investments mentioned in this website are suitable for you and seek personal advice from a licenced investment adviser before making any investment decision.
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