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#everyoneneedsaplan for child trauma insurance
Posted by G. Dean McKinnon
on 21 March 2018
Are you covered if your child suffers a major medical trauma?
What happens if your child is diagnosed with a disease or medical condition? You can't continue to work! How do you pay your bills when you are taking care of your child?
Child trauma insurance can be included as an optional benefit to a life insurance policy (but you cannot purchase child trauma insurance on its own).
The initial maximum insured benefit is $200,000 (and indexed each year ...
| Posted in:InsuranceSocial Security | 0 Comments |
#Everyoneneedsaplan to take advantage of the $20,000 instant write off
Posted by G. Dean McKinnon
on 14 February 2018
$20,000 instant asset write off extended to 30 June 2018
Assets purchased for business use can be immediately written off (if they cost less than $20,000 [per item]) up to 30 June 2018. From 1 July 2018 the threshhold will reduce to $1,000.
You are eligible to claim the immediate business expense deduction if:
Your business turnover is less than $10 million; and
The asset was first used or installed ready for use in the income year you are claiming it in.
...
| Posted in:Tax | 0 Comments |
#Everyoneneedsaplan to understand their rights and responsibilities
Posted by G. Dean McKinnon
on 31 January 2018
Are you a small business or sole trader? Do you know your rights and responsibilities?
The Australian Competition & Consumer Commission (ACCC) on 11 January 2018 published a new guide for small businesses.
If you engage in buying or selling goods or services you must comply with the Competition and Consumer Act 2010 (CCA).
The guide is designed to help small businesses understand their key rights and responsibilities under the CCA and the Australian Consumer Law...
| Posted in:Financial PlanningSocial Security | 0 Comments |
#Everyoneneedsaplan when navigating through mortgage lenders
Posted by G. Dean McKinnon
on 17 January 2018
Why is it getting more difficult to get a home loan?
It is becomming increasingly more difficult to obtain a home loan - why is this:
The Federal Government is worried that the Australian property market is in a bubble, because home loan interest rates are low and credit is easy to obtain;
The Government uses its banking regulatory body APRA to force banks to make it harder to get property loans in an attempt to cool the housing market.
This article in The Australia...
| Posted in:PropertyMortgages and FinanceInvestment | 0 Comments |
#everyoneneedsaplan for trauma insurance
Posted by G. Dean McKinnon
on 29 December 2017
Do you know what trauma insurance is?
Recently we've been asking friends if they know what trauma insurance is. The feedback is that they are really not sure what it covers you for.
We all know someone who has been touched by cancer or a heart attack or MS - well if that person had trauma insurance then they could receive a lump sum payment.
This lump sum payment could be put towards:
your medical expenses (not covered by private health or Medicare...
| Posted in:InsuranceFinancial Planning | 0 Comments |
