Bitcoin buyers beware the tax trap Cryptocurrencies like Bitcoin and Ethereum have generated a lot of interest over the past few years, particularly due to the spectacular rise and fall of their market value.  From being worth just $1 back in 2011, the value of one Bitcoin today might be as high as $70,000, but that is no guarantee of its value next week! While the big gains sound like great news for an investor, the flipside to consider is that the ATO will take a slice of that pr...

How Financial Advice can pay good dividends during tough times In a period of market instability due to COVID and low interest rates, many investors are struggling to know where to invest.  For those at or nearing retirement, the struggle is even greater.  Cash and term deposits used to be considered a safe haven, but with interest rates at historical lows, more investors are being pushed to consider alternative investments. It may be tempting to jump on the latest trending in...

Building a bridge to recovery In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said the next phase of the journey is to secure Australia's future. As expected, the focus is on job creation, tax cuts and targeted spending to get the economy over the COVID-19 hump. The Treasurer said this Budget, which...

The coronavirus pandemic has resulted in dramatic and unprecedented changes for many families and households, impacting social lives, workplaces and finances. As financial advisers, we are responding to the unfolding crisis to assist our clients to manage the financial repercussions. From looking at how the Government's measures will impact your finances, to developing a plan to assist you to be positioned in the best possible way to make it through this period, we can provide suppo...

Keeping the economy moving The Morrison Government's mind-bogglingly large support packages to get Australians through the COVID-19 shutdown have dominated headlines, and rightly so. Only months ago, the Australian economy was in relatively good shape and headed for a Budget surplus. It's not just the Government that has swung into action. Behind the scenes, the Reserve Bank of Australia (RBA) has also pulled out all stops to keep the economy moving.  RBA monetary policy is...