Our Social Prosperity drive was a huge success over the 2017 Financial Year. We proudly donated $5,645 to our selected charities throughout last financial year.

These charities are hand-picked by TMFG because of their relevance to one or more of our staff or community of clients, which makes these achievements even more valuable.

We are now ready to re - commence our Social Prosperity drive again this financial year with our selected charitable partners being supported over the coming year.

Each month, TMFG donate a set amount from every client Home or Business Loan settled – all funds raised will be distributed equally across each of the following organisations:

• Bourke Street Fund
• OZ Harvest
• Bowel Cancer Australia
• MND 

This month, we focus on ADVICE.

ADVICE doesn't just stop with using a finance broker.  In this edition, we sought advice from professional services across Melbourne and Sydney; a Solicitor, Financial Planner and Valuer.  Specifically, we identified how they can add value to your property purchase, valuation and financial management.

Lender policies continue to change on a weekly basis.  This year we have seen at least three out of cycle interest rate rises, particularly in the investor space, numerous policy changes around repayment choices and loan to value ratios, and the latest from some lenders - a loan to income ratio, introduced for interest only repayments.

Here we explore:

• Call her driven! Director Belinda is on the Run for Charity
• The Benefits of Using a Solicitor
• Having Financial Courage
• Understanding the Role of Valuations for Lending
• What is a Guarantor Loan?
• Free up Cash Flow with Insurance Premium Funding

It’s that time of year again! 

As the 2016/17 Financial year comes to a close, we spoke with Chartered Accountant Jon Madgwick, from J D Madgwick in South Melbourne for his EOFY top 5 tax tips and planning opportunities.

Here’s what he had to say:
 

1. Deferral of income

Subject to cash flow considerations and anti-avoidance rules, if your income is high this year consider deferral to the following year, you will eventually pay taxes on your earnings, but you may be able to defer or postpone income taxes by a few months for a much-needed tax break:
         • delay selling a capital asset
         • adjust deposited funds so that interest income is not paid, or
         • delay invoices to after year end.
If your business has high cash income, deferral could be risky by putting you outside the ATO small business benchmarks.
 

2. Instant Asset Write Off