mckfs.com.au/ McKinnon Financial Services Articles en 07/03/2011 12:00:00 AM https://www.mckfs.com.au/articles/changes-to-excessive-surcharges-on-credit---debit-cards---what-it-means-to-businesses---consumers.html https://www.mckfs.com.au/articles/changes-to-excessive-surcharges-on-credit---debit-cards---what-it-means-to-businesses---consumers.html Ever booked a holiday, hotel room, concert tickets?  No doubt if you paid by a credit card you may have been slugged with a fee or surcharge above the normal costs incurred by the business in providing the service. As of 1st September, 2016 a new law has been introduced prohibiting large businesses to charge excessive fees on purchas... Mon, 05 Sep 2016 11:07:21 +1000 https://www.mckfs.com.au/articles/understanding-the-changes-to-superannuation-in-the-2016-federal-budget.html https://www.mckfs.com.au/articles/understanding-the-changes-to-superannuation-in-the-2016-federal-budget.html The recent Federal Budget handed down on May 3, 2016 contained major changes to superannuation. Superannuation can be confusing at the best of times and usually we don't try or feel the need to understand it until we are getting closer to retirement. For some, retirement and superannuation access is a long way into the future, however #e... Mon, 23 May 2016 10:40:00 +1000 https://www.mckfs.com.au/articles/net-medical-expenses-tax-offset---phased-out.html https://www.mckfs.com.au/articles/net-medical-expenses-tax-offset---phased-out.html In the recent Federal Budget, the government has proposed to phase out the Net Medical Tax Offset, to commence 1 July 2013. Wed, 29 May 2013 11:22:00 +1000 https://www.mckfs.com.au/articles/how-3-90--finance-cost--2-622-12-more-than-8-10-.html https://www.mckfs.com.au/articles/how-3-90--finance-cost--2-622-12-more-than-8-10-.html There is a lot of marketing by car manufacturers and motor dealers at present about their 'special low' Interest Rates. Unfortunately, as with most things that sound too good to be true, it usually is. Fri, 01 Feb 2013 14:52:00 +1000 https://www.mckfs.com.au/articles/life-insurance-review-saves--2-000.html https://www.mckfs.com.au/articles/life-insurance-review-saves--2-000.html Most income protection policies automatically increase the amount insured each year, to help you keep pace with inflation in the event of a claim. The insurer usually sends you notification of the increase to the amount insured and the premium, but unless you (or your adviser) review the policy, all of the other details remain the same. ... Tue, 24 May 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/no-financials-required---car-loans.html https://www.mckfs.com.au/articles/no-financials-required---car-loans.html The vast majority of vehicle financiers now require the 2010 Financial Year statements from your business before final approval. Unfortunately, you (or your accountant) may not have finalised your 2010 accounts, which could stop you from buying or updating your vehicle before the end of the June, which is traditonally the time to take adv... Tue, 24 May 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/earn-tax-free-income.html https://www.mckfs.com.au/articles/earn-tax-free-income.html It's not very often that the ATO allows you to earn income without paying tax, but you can earn tax-free income from hobbies. A common example of this type of tax-free income are fees earned from refereeing social sports (e.g. touch football, netball, etc.). We have a client that earns an average of $200 per week during the season fro... Mon, 23 May 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/invalid-wills---always-check-you-have-what-you-think-you-have.html https://www.mckfs.com.au/articles/invalid-wills---always-check-you-have-what-you-think-you-have.html We have always believed the key to successful financial planning is completing a detailed data collection. Undergoing a comprehensive audit of your current circmstances will enable us not only to provide an accurate assessment of your ability to achive your financial goals, but it also ensures you actually have what you thought you had. ... Mon, 11 Apr 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/avoiding-delays-to-family-payments-in-death.html https://www.mckfs.com.au/articles/avoiding-delays-to-family-payments-in-death.html Obtaining probate for a will essentially means the court is satisfied the will is the last wil... Mon, 11 Apr 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/mortgage-exit-fees-banned.html https://www.mckfs.com.au/articles/mortgage-exit-fees-banned.html Until recently, the majority of lenders charged an exit fee if you paid out your home loan bef... Mon, 11 Apr 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/risks-with-consolidating-super.html https://www.mckfs.com.au/articles/risks-with-consolidating-super.html It can be difficult to keep track of all the super funds you may have collected over the years... Mon, 04 Apr 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/increase-mortgage-borrowing-capacity.html https://www.mckfs.com.au/articles/increase-mortgage-borrowing-capacity.html The value of obtaining comprehensive financial advice before commencing any strategy to achiev... Mon, 04 Apr 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/qld-property-stamp-duty-increases.html https://www.mckfs.com.au/articles/qld-property-stamp-duty-increases.html We recently discovered a nasty little change to the principle place of residence (PPR) stamp d... Mon, 14 Mar 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/use-your-super-to-buy-property.html https://www.mckfs.com.au/articles/use-your-super-to-buy-property.html Recent developments in the Self Managed Super Fund (SMSF) regulations effectively allow a SMSF... Mon, 14 Mar 2011 00:00:00 +1000 https://www.mckfs.com.au/articles/credit-card-interest-trap.html https://www.mckfs.com.au/articles/credit-card-interest-trap.html The vast majority of credit card companies do not charge you interest for purchases (not cash ... Mon, 07 Mar 2011 00:00:00 +1000