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Insights 18/12/2024

The Importance of Enterprise Risk Management in Modern Day Business

This insight explores the importance of enterprise risk management in 2025, highlighting how it helps businesses navigate economic uncertainty, cybersecurity threats, and regulatory compliance.

Insights 02/12/2024

The Power of Experience: Workers 70 and Older Redefining the Workforce

As life expectancy increases and retirement plans evolve, more workers aged 70 and older are choosing to remain in the workforce.

Insights 02/12/2024

Tackling Organisational Anxiety in an Era of Uncertainty

In an environment marked by economic uncertainty, high interest rates, and dwindling consumer confidence, organisational anxiety is becoming a palpable challenge. As businesses strive for cost-efficient growth, fears of underperformance trickle down to employees. Amid these shifts, the job market is transforming. The once-dominant Great Resignation has morphed into the Big Stay, as employees prioritise […]

Insights 02/12/2024

Work Hard, Rest Harder: The Data Backing Taking a Real Break

This article explores the importance of work life balance and the benefits of taking proper breaks. Learn how unplugging can boost productivity, improve health, and reduce burnout.

Insights 25/11/2024

Getting Payroll and Recruitment Ready for a Stellar Start to 2025

This article provides key steps to ensure a successful start to 2025, including crafting a solid 2025 staffing plan. Learn how to prepare for new hires, review policies, and boost team morale for a productive year ahead.

Insights 25/11/2024

Streamlining Employee Leave for a Stress-Free Shutdown

This article provides essential tips for effective shutdown leave management, ensuring a smooth business shutdown. Learn how to plan employee leave, address concerns, and stay compliant for a stress-free break.

Insights 25/11/2024

Workforce Advisory’s Guide to a Merry (and Safe!) Holiday Season

As the silly season kicks off, it’s time for festive cheer, longer days, and of course employers’ duty to keep things jolly…and safe.

Insights 08/11/2024

Can We Expect The RBA To Cut Back Rates This Summer?

This article covers RBA rate cut predictions and how home loan refinancing could help homeowners save before the holidays.

Insights 07/11/2024

Why Governance, Risk, and Compliance are Crucial for Your Company

This article explores the key components of governance, risk, and compliance (GRC), highlighting best practices, current trends, and actionable insights to help organisations strengthen their GRC frameworks and drive sustainable growth.

Insights 01/11/2024

How To Nail A Home Loan If You’re Self Employed

This article outlines key strategies for securing self-employed home loans, helping independent contractors and small business owners navigate lender requirements. Discover how to showcase your financial stability to achieve homeownership.

Insights 31/10/2024

What’s Going On With Negative Gearing

This insight delves into negative gearing, explaining its benefits for Australian property investors and its recent spotlight in the media. If you're considering an investment property, Vincents offers expert lending solutions to help you navigate your options.

Insights 22/10/2024

Understanding Labour Efficiency Ratios For Business Growth

This article outlines the key labour efficiency ratios—DLER and MLER—that help business owners evaluate staffing effectiveness and make informed hiring decisions to enhance profitability.

Insights 18/10/2024

How Long It Takes To Save A Deposit (And How To Fast Track It)

This article explores four effective strategies to fast-track home ownership, helping you buy your first home sooner. From leveraging a guarantor to tapping into government schemes, discover how you can beat the average deposit-saving time and secure your dream property.

Insights 14/10/2024

Upcoming Changes to Tax Deductions for Interest Charges

This insight covers the upcoming tax deduction changes for General Interest Charges (GIC) and Shortfall Interest Charges (SIC) starting July 1, 2025.

Insights 09/10/2024

Embedding ESG Principles

This insight explores how to embed an ESG strategy into your organisation, covering key steps like developing an action plan and fostering a culture of sustainability.

Insights 02/10/2024

Unlock Financial Support for Your Business with Wage Subsidies: Up to $10,000 Available

Hiring new staff can be a significant investment, but through available wage subsidies, your business may receive up to $10,000 in financial support.

Insights 25/09/2024

Litigation Insights – Causation and Counterfactuals in Litigation

“Causation: A Data Science Perspective for Lawyers” delves into the frameworks and techniques used to address causal claims.

Insights 24/09/2024

Are you a small business in Queensland? Grants now available

Two new grants have recently been announced as part of ongoing efforts to support the growth and resilience of Queensland small businesses.

Insights 19/09/2024

Social Media Vs Talking To Your Broker? It’s No Contest

This article explores the rise of social media as a source for home loan advice in Australia, highlighting the importance of discerning trustworthy content. With millions seeking financial guidance on social media, it emphasises the need to ensure that information comes from licensed professionals.

Insights 16/09/2024

Fixed rates tumble: a sign of things to come?

This article examines falling fixed rates and their impact on variable rates, highlighting key lender strategies for locking in your mortgage.

Insights 11/09/2024

Navigating ESG Risks in Local Government

In Australia, the evolving ESG landscape presents both challenges and opportunities for local councils as they strive to balance financial sustainability with environmental and social responsibilities.

Insights 06/09/2024

The Home Loan Feature 70% Of New Borrowers Are Hooked On

This article explains how leveraging a home loan offset account can significantly reduce your interest payments and potentially save you thousands over the life of your mortgage.

Insights 04/09/2024

How Much Has Your Home’s Value Risen By?

This article discusses how long-term home ownership in Australia can lead to substantial property value increases.

Insights 27/08/2024

Property Market Set To Blossom This Spring

This article covers the bustling spring property market, highlighting an increase in available homes and heightened competition.

Insights 21/08/2024

Navigating the New Global Internal Audit Standards: Key Changes You Need to Know

This article covers the key changes in the updated Global Internal Audit Standards, set to take effect on January 9, 2025. We explore how the new framework simplifies internal audit processes, introduces new requirements, and enhances performance.

Insights 20/08/2024

How To Buy An Investment Property Using Your Home’s Equity

This article explores how recent property gains can help you buy an investment property by leveraging your home’s equity.

Insights 19/08/2024

Does Your Job Come With Home Loan Perks?

This article explores how different occupations can unlock special benefits for your home loan, including lower interest rates for essential workers and LMI waivers for high-income professionals.

Insights 16/08/2024

Why Multi-Bedroom Homes Could Be Appealing For Investors

This blog post explains why multi-bedroom homes are gaining appeal for investors, driven by rising property values and changing renter preferences.

Insights 15/08/2024

An Easy Guide To Aged Care Fees

This article breaks down the basics of aged care fees and highlights the various complexities involved when planning a move into residential aged care.

Insights 12/08/2024

Class Actions – What Influences Sample Size?

This article addresses the common misconception that determining an appropriate sample size is a sufficient condition for estimating damages across the class.

Insights 07/08/2024

Artificial Intelligence – A Deep Dive Into Analysing AI Bias

This article identifies different forms of AI biases and discusses how allegations related to AI based systems can be analysed from a technical perspective.

Insights 30/07/2024

HR Support Grants for Small Business are now available

HR support grants of up to $5,000 (excl. GST) are now available for small businesses. These grants are designed to assist small businesses in addressing their workforce challenges.

Insights 29/07/2024

The Bench Strength of Reference Checks: Unveiling Their True Value in Hiring

In the intricate dance of recruitment, where candidates' resumes and interviews play the lead roles, reference checks often take on the less glamorous but equally crucial part of supporting cast.

Insights 25/07/2024

How Much Could You Expect To Borrow For A Home In 2024?

This article reveals what the ‘average’ new home loan is in your state in 2024 and provides some handy tips to help bring down your balance.

Insights 25/07/2024

Corporate Governance – An Operating Perspective and Data Analytics Tools

This article looks at how to systematically address corporate governance allegations through an in-depth review of company operating systems.

Insights 17/07/2024

Super Update 2024

This article details the impacts of superannuation changes on personal injuries damages in 2024, including updated rates.

Insights 08/07/2024

Misleading Advertising – Data Analytics in Greenwashing Litigation

This article focuses on how analytical methods address the core issues of consumer perception and decision making in greenwashing.

Insights 04/07/2024

Social Media: Uses and Challenges in Litigation

This article identifies how social media data may be used across different types of litigation and addresses some practical challenges.

Insights 28/06/2024

Will home prices keep rising over the next year?

Property prices are expected to keep climbing higher through to mid-2025 – though not everywhere, according to a new report. We reveal where prices are tipped to go up, and where prices are expected to fall.

Insights 28/06/2024

Rate cuts? Pencil them in for 2025

The rate cuts we've been looking forward to might be delayed until 2025. Discover why interest rates might stay higher for an extended period and explore the steps you can take to handle your home loans in the current environment.

Insights 20/06/2024

How to Implement an Effective Risk Management Program: A Comprehensive Guide for Councils

New Amendments to Local Government Regulations means significant change with the recent amendments to the Local Government (General) Regulation 2021.

Insights 14/06/2024

Are there financial benefits to moving regionally

According to recent Commonwealth Bank research, more people are relocating from cities to regional areas, with such moves now 20% higher than pre-COVID levels.

Insights 14/06/2024

What do Forensic Accountants do during matrimonial litigation?

Understand the role of forensic accountants in providing financial expertise during matrimonial litigation.

Insights 07/06/2024

Why three-in-four Aussies turn to a broker for home loan help

Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to brokers for help.

Insights 04/06/2024

2023/24 Year-end Planning

As another financial year comes to a close, it is an opportune time for taxpayers, whether individuals or businesses, to review their activities over the past 12 months to ensure their tax affairs are in order.

Insights 30/05/2024

Division 296 Tax & Implications for Personal Injury and Other Compensation Payments in Superannuation

The Division 296 tax, which is proposed to take effect from 1 July 2025, aims to reduce the tax concessions available to individuals with substantial superannuation savings.

Insights 30/05/2024

The Importance of Cash Flow Management

There’s a wide range of things that you can do to start improving your cash flow. Here’s some of the more important things to focus on.

Insights 24/05/2024

Which is better? An out-sourced, co-sourced or in-house Internal Audit function

Risk Management and Internal Audit are two different disciplines in an organisation, which are often confused or interchanged.

Insights 23/05/2024

Establishing a Risk Management Framework before designing the Internal Audit Plan

Risk Management and Internal Audit are two different disciplines in an organisation, which are often confused or interchanged.

Insights 22/05/2024

New Amendments to Local NSW Government Regulations: A Comprehensive Guide for Councils

New Amendments to Local Government Regulations means significant change with the recent amendments to the Local Government (General) Regulation 2021.

Insights 22/05/2024

What is Forensic Accounting?

Forensic accounting in the business world refers to the application of accounting, business principles and techniques to investigate and analyse financial data.

Insights 20/05/2024

Business Performance Reporting (BPR) | What you need to know

Regular Business Performance Reporting (BPR), using specific, tailored Key Performance Indicators (KPIs) and targets, can provide business owners and managers with greater insights.

Insights 19/05/2024

Objecting to an ATO Decision – the Objections Process

If you disagree with a decision or penalties imposed by the ATO then you have the ability to lodge an objection. All objections are subject to time limitations and these objection periods vary from 60 days to 4 years, depending on the type of decision.

Insights 15/05/2024

2024-25 Federal Budget Announcement

Vincents are pleased to share with you a summary of these important announcements via our Federal Budget Report.

Insights 10/05/2024

Home Guarantee Scheme scheme helps over 150,000 families buy sooner

Everyone loves a time-saving hack. How about the Home Guarantee Scheme that could get you into your first home years sooner?

Insights 10/05/2024

Here’s why your borrowing power might soon get a lift

With Stage 3 tax cuts to kick in from 1 July, another key advantage is that the tax cuts could boost your borrowing power.

Insights 02/05/2024

How to know if you’re paying a fair price for a property

We all love the idea of nabbing a bargain property, but for most home buyers the real issue is whether they’re overvaluing a place – and paying too much in the process.

Insights 24/04/2024

What is ESG?

ESG stands for Environmental, Social and Governance. It is a framework used to evaluate a company’s sustainability and ethical impact.

Insights 23/04/2024

Can you remember your home loan interest rate?

A new report by Mozo shows that 42% of mortgage holders have no idea what interest rate they’re paying on their home loan. Do you know yours?

Insights 23/04/2024

Small Business Super Clearing House changes

On March 15, 2024, the Small Business Super Clearing House (SBSCH) implemented changes, how have these impacted one's ability to make contributions?

Insights 15/04/2024

Homeowners now an extra $71,000 richer (on average!)

Explore how soaring property values are enriching homeowners by $71,000 on average, offering opportunities to boost wealth further.

Insights 15/04/2024

Plot twist: Millennials are Australia’s most active property investors

New data from the Commonwealth Bank shows Millennials (those born between 1981 and 1996) accounted for almost half (46%) of the bank’s new property investors in 2023.

Insights 08/04/2024

Mandatory Climate-Related Financial Disclosures

The Treasury has unveiled a draft Bill for mandatory climate-related financial disclosures, effective 2024/25. How will this affect major businesses and financial institutions?

Insights 03/04/2024

How to prepare for unexpected fees in residential aged-care?

Cashflow planning is important when moving into aged care, but plans can be thrown into chaos if your first invoice shows much higher fees than expected. Learn about the unexpected fees you need to prepare for.

Insights 02/04/2024

Total & Permanent Disability (TPD) Case Study: Why engage a financial advisor?

Financial advice can assist with navigating the complexities of managing a TPD payout, with the primary objective being to minimise the tax payable.

Insights 02/04/2024

FOMO, FOBO and FOOP – how they can hold you back in real estate

FOMO is real in real estate. Nobody likes missing out on a good thing. But then again, who likes overpaying? So how do you strike the right balance when both fears can work against one another?

Insights 27/03/2024

Fringe Benefits Tax 2024 | What You Need to Know

Here’s what you need to know about recent Fringe Benefit Tax developments, concessions and exemptions, as well as ATO audit ‘hot spots’.

Insights 25/03/2024

Climate Reporting: Not just for large Corporations

As we move towards a more environmentally conscious era, understanding climate reporting becomes imperative for businesses of all sizes.

Insights 22/03/2024

How construction loans work?

Learn about construction loans and the benefits they offer compared to traditional home loans.

Insights 22/03/2024

Where are the bargain homes located in your suburb?

Location may be a big driver of property prices, but in any given suburbs a few streets can be all that separates paying top dollar for a home or potentially scoring a bargain.

Insights 15/03/2024

Why offset accounts are hitting new highs

Spare cash can be tight right now but if you’ve still got some savings plus a home loan, there’s a clever way you could make your surplus funds work harder.

Insights 08/03/2024

How long does it really take to get a home loan?

Need a home loan in a hurry? You could be in luck. Plenty of lenders are keen to crunch loan approval times at present – but there’s a lot borrowers can do to potentially speed up the process, too.

Insights 28/02/2024

Home buyers rejoice! More listings are hitting the market

Home buyers are rejoicing with more listings hitting the market. But why the uptake, what does it mean for buyers and how can you prepare?

Insights 28/02/2024

They’re back! Why property investors account for one-in-three new home loans

Property investors are making a comeback, securing one in three new home loans worth $9.5 billion, What's driving this trend?

Insights 26/02/2024

Key rules to obey when using an LRBA to buy property in super

A limited recourse borrowing arrangement (LRBA) involves the SMSF taking out a loan from a third party lender. Here are key rules to obey when using an LRBA to buy property in super.

Insights 23/02/2024

Important legislation updates for business leaders and HR professionals

It is business-critical that you are across the below legislation changes and are aware of the consequences of non-compliance.

Insights 19/02/2024

Key rules to obey when purchasing property in super

Purchasing property in super requires adherence to superannuation laws. Discover the key rules to obey when purchasing property in super.

Insights 16/02/2024

Change to QBCC Minimum Financial Requirement (MFR) Reporting Regulations

Amendments to the Minimum Financial Requirement (MFR) regulation relating to the use of Special Purpose Financial Statements (SPFS) vs General Purpose Financial Statements (GPFS) has been introduced.

Insights 15/02/2024

Three types of corporate insolvency appointments

When a company faces financial turbulence and directors confront the looming possibility of discontinuation, exploring corporate insolvency appointments becomes crucial. There are three common types of insolvency appointments available:

Insights 12/02/2024

Four key rules when dealing with related parties

There are four key rules to obey when dealing with related parties and your SMSF to ensure compliance and effective management of your fund.

Insights 09/02/2024

When will the next RBA cash rate call be made?

The Reserve Bank kept rates steady in February, but how long the cash rate pause last?

Insights 09/02/2024

Right to Disconnect: is it enough?

The ‘Right to Disconnect’ Bill is a welcome initiative in response to the increased rates of burnout we’re seeing, but is it enough?

Insights 05/02/2024

Key rules to obey when dealing with related party-entities of your super

Before delving into SMSF rules regarding related parties, who constitutes a related party in your fund?

Insights 05/02/2024

Who gets your super?

Who decides what happens to your superannuation savings when you die? You may think that you do, but that isn’t always the case. The ultimate decision may be made by someone you don’t even know – the trustee of your superannuation fund. Let’s look at how you can have greater control.

Insights 05/02/2024

Investing 101

Whether it’s taking a more active interest in our superannuation, starting to build an investment portfolio, or even trying our hands at playing the stock market, we can all benefit by understanding the language and key concepts of investing. Here’s a quick introduction.

Insights 01/02/2024

4 tips for self-employed home loan applications

Applying for a mortgage when you’re self-employed may have you jumping through more hoops.

Insights 31/01/2024

First home buyers charge back into the market

Here are five tips to help you buy your first home in 2024. The latest lending data shows first home buyers are charging into the market.

Insights 29/01/2024

Key rules to obey when preparing and reviewing your SMSF investment strategy

The super laws require SMSF trustees to prepare and implement an investment strategy, a critical roadmap for achieving financial objectives and retirement goals. Discover the key rules to obey when preparing and reviewing your investment strategy.

Insights 22/01/2024

Key rules to obey when making investments in your SMSF

SMSFs can be a great way to take control of your retirement but it's a lot of work and comes with a lot of risks, rules and regulations. Learn the key rules to obey when making investments in your Self-managed superannuation funds.

Insights 19/01/2024

How your mortgage deposit size can shape the rate you pay

It’s commonly known that the bigger your mortgage deposit, the smaller your home loan, and thus, the lower your monthly repayments.

Insights 11/01/2024

Temporary Brisbane Office Relocation from 15 January 2024

From Monday 15 January, our Brisbane office will be temporarily relocating to Level 8, Santos Place, 32 Turbot Street from Level 34, Santos Place, 32 Turbot Street, while our existing premises are refurbished.

Insights 11/01/2024

The pros of having a mortgage broker on your side

In this article, we highlight the three pros to using a mortgage broker and exactly what they can do for you on your home loan journey.

Insights 08/01/2024

Positive Duty for Employers: New Legislation

On 12th December 2023, the Australia Human Rights Commission implemented landmark powers under the Sex Discrimination Act, imposing legal obligations for employers to upholad their Positive Duty.

Insights 03/01/2024

5 New Year’s resolutions for your home loan

Here are our top 5 home loan resolutions for 2024, to help you set (and achieve) a few goals and help you pocket savings.

Insights 03/01/2024

Government support for small businesses, primary producers and not-for-profits affected by severe SEQ storms

Insights 07/12/2023

What’s tipped for house prices in 2024?

If buying a home is at the top of your wish list for 2024, don’t miss our rundown on how the property market has fared in 2023.

Insights 05/12/2023

Regional Queensland Small Business Grant now available

The Treasurer and Minister for Trade and Investment announced that applications are now open for the Regional Queensland Small Business Grant.

Insights 05/12/2023

Changes to fixed-term contracts Dec 6 2023

As of today, 6 December 2023, the way in which employers engage fixed term contracts is changing.

Insights 04/12/2023

Ten important tips for business owners

Here are ten simple tips for business owners to help you maintain a successful business in good and not-so-good times.

Insights 04/12/2023

More lenders sign up to low deposit first home buyer scheme

We reveal the latest banks to join the 5% low deposit home buyer scheme that’s helping more buyers get into the market sooner.

Insights 28/11/2023

Festive season signs: Is it time to consider aged care?

The festive season can be a great time spent with family, but it may be a time you start to notice it might be time to consider aged care for your parents

Insights 22/11/2023

How to manage your home loan over Christmas

It may be called the silly season but a few smart strategies could help you enjoy the festive season this year without missing a beat on your home loan.

Insights 20/11/2023

The Role of Artificial Intelligence in Insolvency: Friend or Foe?

Can AI truly replace the expertise and nuanced decision-making of human professionals in managing insolvency appointments?

Insights 16/11/2023

The big stretch: should you extend your loan term?

If the November rate hike will seriously stretch your finances, one potential solution may be to extend your loan term. Lower repayments may seem attractive but longer terms can bring hidden drawbacks.

Insights 09/11/2023

Redraw vs. Offset: Reviewing Investment Loan Practices

The Australian Taxation Office (ATO) suggests that incorrect reporting of rental property income and expenses is causing an annual loss of approximately $1 billion in tax revenue.

Insights 07/11/2023

RBA increases the cash rate by 25 basis points, up to 4.35%

The Reserve Bank of Australia (RBA) increases cash rate by 25 basis points, up to 4.35%. How much will this rate hike increase your monthly repayments?

Insights 07/11/2023

How to not trade whilst insolvent?

Discover when company directors become personally liable for company debts. Learn about the importance of avoiding insolvent trading to protect your assets.

Insights 02/11/2023

Brokers help settle a record 7-in-10 new mortgages

Mortgage brokers have notched up a new record, with 7 out of 10 new mortgages settled. Discover why Aussie home buyers are turning to mortgage brokers for help.

Insights 26/10/2023

Division 296 Tax and implications for TPD

On Tuesday 3 October 2023, the Government released draft legislation for the proposed new tax. What will be known as “Division 296 tax”.

Insights 26/10/2023

What is GDP – and why you should care

Most people’s eyes glaze over when the term GDP is used in a market outlook or economic report, but it is an important indicator of what’s happening in our economy.

Insights 26/10/2023

How much should I have in my emergency fund?

When times are tough financially or unexpected bills pop up, having an emergency fund set aside can alleviate stress.

Insights 26/10/2023

Revealed: the four cities tipped to be future property hotspots in Australia

Whether you’re looking for a home or an investment property, discover the top 4 future property hotspots in Australia.

Insights 25/10/2023

How to make the most of compound interest

When you invest over a period of time, compound interest is your best friend. In effect, it means you are earning interest not just on your own capital, but also on the interest you’ve already earned.

Insights 24/10/2023

Five common myths related to SMSF Lending

Today we are delving into some of the common SMSF lending misonceptions that clients frequently come to us with.

Insights 23/10/2023

The future of small business survival: unveiling consumer sentiments insight

The struggles for small business survival is not over, discover consumer sentiments and spot red flags early to navigate towards a promising future.

Insights 20/10/2023

How much can you really save by refinancing?

Not sure what refinancing is all about? You’re not alone. Our quick explainer lets you master the basics and helps you work out how much you could save.

Insights 13/10/2023

One-in-three first home buyers use guarantee schemes

Know anyone who wants to buy their first home? A new report confirms that low deposit schemes are getting younger buyers into a place of their own sooner.

Insights 11/10/2023

Mortgage holders breathe a sigh of relief as RBA puts cash rate on hold

The RBA has today decided to put the official cash rate on hold. So is the end of this rate hike cycle finally in sight?

Insights 11/10/2023

The Hidden Curriculum: Why does insolvency accounting remain absent in university education?

House prices have soared almost 7% this year alone. With the upswing predicted to continue, we unpack what’s driving national house prices.

Insights 04/10/2023

The one big factor pushing house prices up

House prices have soared almost 7% this year alone. With the upswing predicted to continue, we unpack what’s driving national house prices.

Insights 03/10/2023

The $3m Super tax now has a name

On Tuesday 3 October the Government released draft legislation for the proposed new $3m Super tax, what will be known as Division 296 tax.

Insights 29/09/2023

Why apartments could soon become hot property

Apartments stand out as an affordable choice when it comes to cracking the property market, not to mention downsizing.

Insights 25/09/2023

3 ways pre-approval can give buyers an edge

Does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help.

Insights 25/09/2023

Small Business Restructure success story: revitalising a small business

The small business restructuring of the company allowed the business to continue trading and revitalised the small business.

Insights 19/09/2023

Understanding Directors’ Responsibilities

Directors often encounter the term "director's duties" in communications from ASIC, but what do these duties entail, and what are the consequences for failing to uphold them?

Insights 15/09/2023

Calculating the “value of the benefit”

In the recent decision in The King v Jacobs Group (Australia) Pty Ltd, the High Court was required to consider the “value of the benefit”.

Insights 14/09/2023

Property market climbs towards new peak

The property market has thumbed its nose at higher interest rates, with values rising almost 5% since March.

Insights 07/09/2023

How does your home loan compare?

With no change to the cash rate this month, we look at the current average rates for September 2023 to see how your home loan compares.

Insights 01/09/2023

Low deposit first home buyers now have $82,000 in equity

First home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average, new data shows.

Insights 29/08/2023

Tuesday Tax Tip – Testamentary Trusts: Tainting of ‘excepted income’

One of the benefits of testamentary trusts is that income distributed to minors is able to be taxed as ‘excepted trust income’ taxed at regular marginal tax rates. It’s important to be aware of when this may not be the case.

Insights 24/08/2023

Help to Buy Scheme set to kick off in 2024

The highly anticipated Help to Buy Scheme will kick off next year, giving more Aussies a chance to score their dream home. Today we’ll unpack how the new federal government scheme will work, who it’ll benefit, and the fine print you need to know.

Insights 23/08/2023

Impacts on Super

Impacts of superannuation changes on personal injuries damages 2023 Update

Insights 17/08/2023

More Aussies turn to mortgage brokers for a hand managing hikes

An avalanche of rate hikes over the past 18 months has supersized home loan repayments. But savvy homeowners aren’t panicking. In fact, more mortgage holders than ever before are reaching out to brokers for expert help.

Insights 17/08/2023

Sneaky rate hikes – is your lender behind them?

The Reserve Bank (RBA) may have kept the cash rate on hold but that hasn’t stopped some lenders from hiking their variable home loan rates. Here’s how borrowers are fighting back.

Insights 14/08/2023

Tuesday Tax Tip – Latest developments on individual residency

The ATO recently released a new Taxation Ruling on individual residency, and separately, a consultation paper which proposes significant changes to these residency rules.

Insights 07/08/2023

Tuesday Tax Tip – GST Case

The above-mentioned case recently heard by the AAT, broadly, involved an arrangement for a company to be supplied with goods

Insights 07/08/2023

Aged care might not need a large lump sum

Understanding how aged care accommodation payments work and getting advice on your options can help to avoid the panic

Insights 07/08/2023

Division 7A benchmark interest rate for 2023-24

With the benchmark interest rate for Div 7A purposes expected to jump to 8.27% for the 2023-24 income year, from 4.77% in the 2022-23 income year, it is a good time to consider

Insights 03/08/2023

Why are fixed rates still rising? And when might they drop again?

Interest rates on fixed-rate home loans are dishing up a rollercoaster ride right now. But another big dip may not be too far off.

Insights 03/08/2023

What the RBA rate pause means for homeowners

The RBA has kept rates on hold for a second consecutive month – does this mean the tide is finally turning?

Insights 18/07/2023

Aged care – are you prepared?

No-one likes to talk about getting old, but when you or a family member needs help, there’s no getting around it.

Insights 18/07/2023

Small Business Restructure – Basic Considerations

Small Business Restructuring or “SBR” is a simplified debt restructuring process introduced in by the Australian Federal Government on 1 January 2021.

Insights 12/07/2023

Individual vs Corporate Trustee

There are benefits of both however, there are significant advantages in using a company, which may end up costing less in the longer term.

Insights 11/07/2023

Asset Financing – Chattel Mortgages explained

A Chattel Mortgage is a popular choice for business owners seeking finance to purchase cars, vehicles, or equipment.

Insights 11/07/2023

Why does a business need finance?

Business finance encompasses a range of tools and mechanisms through which businesses obtain the necessary funds to achieve their objectives.

Insights 07/07/2023

Special Purpose vs General Purpose Financial Statements

The main difference between GPFS and SPFS lies in their intended audience and level of detail.

Insights 07/07/2023

Working from home – draft guidelines on claiming additional running expenses

The ATO’s draft guidelines set out a new approach to claiming a deduction for additional running expenses incurred while working from home, to apply from 1 July 2022.

Insights 07/07/2023

What records do I need to keep in relation to my tax return?

There are a number of records that you will generally need to keep or source in relation to your personal tax return.

Insights 20/06/2023

Liquidations – a cost-effective way to solve a shareholder dispute

Lately, there has been media coverage surrounding the liquidation and external administration of many insolvent companies.

Insights 12/06/2023

Aged care financial advice: what to consider

It is important to get accurate financial advice when considering aged care. There are several things you need to consider.

Insights 08/06/2023

Borrowing through super

Important things to consider when borrowing through super, the limited recourse loan arrangement.

Insights 07/06/2023

Is an SMSF right for me?

SMSFs provide much more control over where, when, and how you invest, what you pay for and when you pay for it.

Insights 11/05/2023

Heads up business owners: the asset write-off deadline is looming!

If you're wanting to buy an asset or important piece of equipment and immediately write off the full cost have just over a month to act.

Insights 11/05/2023

More home buyers set to benefit from low deposit, no LMI schemes

Find out about the changes to the low deposit no lmi scheme officially unveiled as part of the 2023 federal budget.

Insights 10/05/2023

Labor Government 23-24 Federal Budget Announcement

Vincents are pleased to share with you a summary of these important announcements via our Federal Budget Report.

Insights 09/05/2023

Superannuation guarantee charge – risks & hidden costs

We have recently seen a rise is employers encountering significant superannuation guarantee charge - know the risks and costs.

Insights 04/05/2023

Homeowners brace as RBA raises cash rate to 3.85%

The Reserve Bank of Australia (RBA) has increased the official cash rate for the 11th time in the past year, taking it to 3.85%.

Insights 28/04/2023

Tips to help stay on top amidst the rate hike cycle

With every RBA rate rise announcement, mortgage holders brace themselves for impending repayment increases.

Insights 19/04/2023

Property listings and prices are bouncing back

As property prices start to climb, listings are following suit. So if you’re hunting for a home, what does this mean for you?

Insights 13/04/2023

Fixed-rate cliff : what is it and how can refinancing help?

You’ve probably heard the term “fixed-rate cliff” bandied about in finance news feeds. But what is it?

Insights 04/04/2023

DQTB & Anor v FC of T – Carrying on a business

This case is a good reminder of the importance of carefully considering all the relevant facts and circumstances when deciding whether an entity or individual is carrying on a business.

Insights 04/04/2023

RBA puts interest rates on hold

After 10 straight rate hikes the Reserve Bank of Australia (RBA) has today decided to put the official cash rate on hold.

Insights 30/03/2023

Fringe Benefits Tax 2023 | We’re here to help

At a time when unemployment rates are at an all-time low, many employers are looking for ways to attract and retain valuable employees.

Insights 29/03/2023

Money habits that may raise lenders’ eyebrows

Did you know there are common money habits you may have that are red flags to lenders?

Insights 22/03/2023

Time to jump in? First home buyer deposit saving times plunge

First-home buyers aged between 25 to 34 are hitting their house deposit saving goal more quickly compared to April 2022

Insights 21/03/2023

Unrepaid loans with expired Division 7A terms

Exploring Division 7A loan facility agreement scenarios that can create additional costs for clients.

Insights 17/03/2023

Got an eagle eye on house prices?

Rate rises can affect house prices, but there are other factors that appear to hold longer-term sway over national house prices.

Insights 14/03/2023

Timely reminder of recent Fringe Benefits Tax Updates

As the end of the FBT year approaches once more, there are certain Fringe Benefits Tax Updates to be aware of.

Insights 14/03/2023

External Administration: Do you owe money to a company?

When a company is placed into liquidation or voluntary external administration, the Liquidator/Administrator will issue a debtor demand letter

Insights 10/03/2023

Homeowners feel the pinch as RBA lifts cash rate to 3.60%

The Reserve Bank of Australia (RBA) has increased the official cash rate for a tenth straight meeting, taking it to 3.60%.

Insights 02/03/2023

The latest twist in the tale of national property prices: explained

National property prices actually rose ever-so-slightly in February. Here’s the lowdown on the latest surprising bit of data.

Insights 27/02/2023

Voluntary Administration and the Future of a Company

When a company is placed into Voluntary Administration, the appointed Voluntary Administrator must hold two meetings of creditors.

Insights 23/02/2023

Take the heat off rate hikes with these 4 tips for home buyers

The Reserve Bank of Australia (RBA) has increased the official cash rate from 0.10% to 3.35% in just nine months, substantial rate hikes.

Insights 21/02/2023

Taxpayer Alert January 2023: Interposition of a holding company to access company profits tax-free

In January 2023 the ATO issued a Taxpayer Alert, stating that they are reviewing arrangements where individuals are avoiding tax.

Insights 17/02/2023

Ten Top Tips For Starting and Growing your Business

Starting and growing your business can be daunting. Here are ten top tips from Business Advisory Director Kim Reynolds.

Insights 16/02/2023

How to prepare for a fixed-rate mortgage cliff

Do you have a fixed-rate mortgage contract that’s coming to an end soon? It can be a stressful time, particularly with rate rise news dominating the headlines. So today we’ve got some tips for a smooth transition.

Insights 13/02/2023

RBA hikes the cash rate for the ninth time in a row, to 3.35%

The Reserve Bank of Australia (RBA) has kicked off 2023 by increasing the cash rate a further 25 basis points to 3.35%.

Insights 03/02/2023

Debt Advisory: A Guide to Navigating Complex Financial Obligations

Managing debt can be a complex and challenging task for businesses of all sizes.

Insights 03/02/2023

Navigating the 2023 Financial Landscape as a Homeowner

As a homeowner, it’s important to stay informed about changes in the financial landscape and how they may impact your mortgage.

Insights 02/02/2023

Maximise Your Savings with Refinancing

Refinancing can help you improve cash flow and tap into your equity. With improved bank processes, it’s now easier and more accessible than ever.

Insights 01/02/2023

Considering refinancing your mortgage? Here are some questions to ask

Things to consider when refinancing your mortgage.

Insights 27/01/2023

Can a job switch affect your mortgage application?

Changing jobs may offer more perks – higher income, greater fulfilment, and the opportunity for growth are often things people look for in a new gig. But could it also impact your mortgage application?

Insights 19/01/2023

Home rennovation in 2023? Here are 4 tips for smooth sailing

Planning a home rennovation in 2023? Having a spruced-up home feels great and it can also boost your home’s value.

Insights 17/01/2023

Think twice when determining your clients period of review with the ATO

Prior to Christmas, the Government released amending regulations to the ITAA (1936 Act) Regulation 2015 to exclude certain small-medium businesses.

Insights 13/01/2023

Get a financial head start on the school year

Get a financial head start on the school year by looking into refinancing your mortgage.

Insights 04/01/2023

What you should know about buying a tenanted investment property

Buying a rental property is a popular way to invest. But where do you stand if the property you’re eyeing off already has a tenant?

Insights 03/01/2023

Resolutions for your 2023 finances: 4 New Years Resolutions

But by implementing some 2023 finance resolutions , you could be in a much better position to ride out future hikes.

Insights 15/12/2022

Identifying the supply for the purposes of claiming input tax credits

In a recent case, SVYR and FCT 2022, (SVYR) the taxpayer was denied input tax credits (ITC), due to the basic conditions for entitlement to claim an ITC not having been satisfied.

Insights 14/12/2022

First home buyer numbers have halved: is it time to swoop in?

Repeated cash rate hikes have put many first home buyer plans on hold. So could you swoop in and reap the benefits with less competition in the market?

Insights 07/12/2022

What Happens After You Receive a Statutory Demand as a Director of a Company?

Any party who is owed money by the company, also known as creditors, have the option to issue a statutory demand to the debtor company for payment.

Insights 07/12/2022

RBA hikes cash rate for eighth straight month to 3.10%

The Reserve Bank of Australia (RBA) has driven the cash rate up by another 25 basis points to 3.10%. Find out how much this final cash rate hike of the year has increased your mortgage repayments in 2022, and what you can expect in 2023.

Insights 07/12/2022

Inheritance and applying for a home loan: what to consider

Inheritances can be a bittersweet part of life. But an inheritance alone won’t always cut it when applying for a home loan.

Insights 01/12/2022

Home loan research: why it’s important

A recent survey that showed Australians put more effort into researching phone plans than they did their home loan. Here’s how we can help you get the balance right.

Insights 21/11/2022

Budgeting for additional employee costs over Christmas

As we approach the Christmas period, it is important to be aware of additional employee costs that can arise so that they can be budgeted for as best as possible.

Insights 21/11/2022

5 surprising reasons for home loan application rejections

Whether it’s your love life or your home loan application, no one likes getting rejected. There are many reasons why it could happen.

Insights 15/11/2022

Working from home – draft guideline on claiming additional running expenses

The ATO’s draft PCG 2022/D4 set’s out a new approach to claiming a deduction for additional running expenses incurred while working from home.

Insights 15/11/2022

One ID to Rule Them All

The current focus on director details and registration requirements as a result of the incoming director Identification number (Director ID) program provides a great opportunity for advisors and their clients to ensure their records are up to date. Director IDs will be rolled in over the next six months and as part of the application process, […]

Insights 10/11/2022

Buying vs renting: is buying cheaper than renting?

For many Australians, rate hikes and inflation have made the dream of property ownership feel ever more distant. In this article we look ar whether buying is cheaper than renting.

Insights 02/11/2022

RBA hikes cash rate again to 2.85%

The Reserve Bank of Australia (RBA) has lifted the official cash rate again, this time by another 25 basis points to 2.85%. How much will this rate rise increase your monthly mortgage repayments, and when are the hikes expected to stop? Dubbed the “rate that stops the nation”, today’s Melbourne Cup RBA board meeting did […]

Insights 27/10/2022

With property prices dropping, is now the time to refinance?

You may have heard that property values are on the decline. But what does this mean if you’re planning to refinance?

Insights 25/10/2022

Labor Government 22-23 Federal Budget Announcement

Vincents are pleased to share with you a summary of these important announcements via our Labor Government 2022-23 Federal Budget Report.

Insights 25/10/2022

Trust distribution considerations

With the ATO increasing their focus on discretionary trust distributions via the application of section 100A (present entitlements...

Insights 30/08/2022

The dreaded distributable surplus calculation: Is your business Division 7A compliant?

The concept of 'distributable surplus' is used to determine whether there will be an assessable deemed dividend in certain situations involving loans or payments made to shareholders or their associates of a private company.

Insights 11/08/2022

Indicators that your clients might be heading toward Insolvency

When a client is in financial trouble, more often than not, they have little to no understanding of the gravity of the situation.

Insights 11/08/2022

The Crisis Facing the Construction Industry

The construction industry in Australia has been subjected to a significant number of challenges in recent times.

Insights 31/05/2022

Are unfair preferences… now fair?

The Morrison Government had announced a proposal to amend the rules for Liquidators’ unfair preference claims.

Insights 31/05/2022

ATO hit list: rental property income and capital gains

Property investors beware: the Australian Taxation Office (ATO) has revealed the four key areas it will be targeting this tax year, and rental property income/deductions and capital gains are high on the hit list.

Insights 13/05/2022

Simplified Liquidations and Changes to Liquidator Preference Payments

Simplified Liquidations came into effect from 1 January 2021, although from looking at recent ASIC statistics, it appears that less than one

Insights 20/04/2022

Overview of Debts in Personal Bankruptcy – Part 1

Bankruptcy is currently for three (3) years and the bankrupt is discharged from bankruptcy one day after their third anniversary year in bankruptcy.

Insights 07/04/2022

Insolvent Trading Safe Harbour Review

The federal government introduced the insolvent trading Safe Harbour provisions in 2017 to encourage directors to focus on options to turn

Insights 05/04/2022

Cryptocurrency in Bankruptcy

What is cryptocurrency and what are the potential implications in the event of bankruptcy? Having hit an all-time high of around USD$68,000 in November 2021, the value of Bitcoin then fell sharply and in January 2022 was valued at under USD$35,000. Its value has been steadily rising ever since, currently sitting at just over USD$46,000 […]

Insights 15/03/2022

Maintaining accounting internal controls in a remote working environment

Regardless of the type of working environment, whether that be office, remote or hybrid, maintaining strong and effective accounting internal controls is crucial.

Insights 15/03/2022

Role of directors in financial reporting

While directors have a wide range of responsibilities, these insights concentrate on their financial reporting responsibilities.

Insights 15/02/2022

Are you aware of your record-keeping obligations?

The increased focus on tax governance processes has highlighted the need for businesses to be more aware of their record-keeping obligations required under various taxation laws.

Insights 15/09/2021

Too Much Debt & Not Enough Profit? A Restructure May Be Your Answer

A Restructure is a set of actions taken by a company (or group of companies) to significantly change its debt, operations and/or structure, usually when there is financial pressure,

Insights 22/07/2021

Temporary full expensing of cars

This article summarises the good news about the tax deduction of these vehicles but cautions you around the possibility

Insights 18/11/2020

Deeds of Company Arrangement & Creditors’ Trusts

An Important Message While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they […]

Insights 02/06/2020

Superannuation contribution cut-off dates

With EOFY fast approaching, please find below a summary of recommended cut off dates for concessional superannuation contributions.

Insights 25/10/2019

Inheriting Tax & implications of inheriting a property

When selling an inherited house, unit, flat or other dwelling, there are certain provisions that mean you, as the new owner, may not be liable for capital gains tax.

Insights 28/06/2019

What you need to know about company vehicles

Insights 12/01/2017

Changes to the Assets Test for Centrelink Aged Pensions from 1 January 2017

As the New Year kicks off, it may feel like the changes to the Asset Test for the Aged Pension have just been drawn up

Insights 08/01/2017

Holiday Homes & Capital Gains Withholding

The ATO is currently reminding taxpayers that they are paying close attention to rental properties that are located in the popular holiday destinations in Australia.

Insights 08/01/2017

Resolving Commercial Disputes

Whether you like it or not, you will get involved in, help resolve or become a party in a commercial disputes. For you or your clients business, disputes with customers, suppliers, landlords, employees, financiers, business partners, spouses, competitors and Governments and many others are all part of daily life. Any one of them can escalate […]

Insights 07/01/2017

Total Superannuation Balance Thresholds

The Total Superannuation Balance (TSB) is one of the most important new concepts introduced as part of the major superannuation changes which took effect from 1 July 2017.

Insights 06/01/2017

What happens to my assets in bankruptcy?

A bankruptcy Trustee has a duty to realise any assets capable of commercial realisation for the benefit of creditors of the bankrupt estate.

Insights 05/01/2017

Conversations about aged care

Asking for help or getting help for a family member can be a very emotional decision. By having the conversations early the people making the decisions can be empowered by knowing preferences and options and are able to make better informed decisions.

Insights 04/01/2017

Assurance in the ‘New Normal’ – Cyber Security.

As a result of new WFH norms, organisations have to continually review and refine their approach to managing cyber security risks created by a remote workforce.

Insights 03/01/2017

Property valuation: what you need to know when buying a home

Knowing the difference for property valuations and planning ahead can make the home-buying journey more of a breeze.

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Low deposit first home buyers now have $82,000 in equity

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