Edney Ryan Chartered Accountants

A one-off grant of $2000 will be paid to businesses that create a new full-time NSW-based job and maintain the increase for at least 12 months. For part-time positions, the grant will be pro-rated based on hours of employment. A business will receive the grant if all the following employment conditions are met: A person is employed in a position... Read more

Retiring From Your Own Financial Affairs

Written by Carolyn Griffin, Director - Edney Ryan Chartered Accountants

Many of my clients belong to the wealthiest generation in history. Over almost thirty years I have served as their chartered accountant, sounding board and I’m proud to say their trusted advisor. For well-off individuals with a long history of managing the strategic and practical aspects of their financial affairs, there are some challenges to overcome to achieve a time... Read more

Transition to Retirement Income Stream for Over 55’s Still Working

Written by Brendon Vade, CFP, Edney Ryan Wealth Management

If you are over 55, you are able to access your superannuation while still working via a Transition to Retirement income stream, to reduce tax and boost your superannuation balance. This enables two options: Reduce your work hours and use your superannuation income stream to top-up your income, or Continue to work full-time, boost your superannuation balance while maintaining your... Read more

The Art of Buying a Business

Written by Stephen Ryan, Director - Edney Ryan Chartered Accountants

We have been involved in countless sales and purchases of businesses over many years. The financial analysis and objective “on-paper” review of a business is relatively straight forward. In my experience, there are some non-financial issues that warrant as much or more attention when buying a business. Here I share some commonalities of business purchases that were set up for... Read more

Are you super ready for the year end?

Written by David Heyworth - Director, Edney Ryan Wealth Management

This year is already racing by. But before we get to the end of another financial year, take some time to think about how well you have looked after your superannuation savings this year. Australians have saved over $1.5 trillion in superannuation. That’s a lot of zeros. So how much belongs to you and are you saving enough to pay... Read more

Tax Planning Before June 30

Written by Matthew Stewart, Director - Edney Ryan Chartered Accountants

With the end of the financial year fast approaching, now is an appropriate time for tax planning. Here we highlight the most relevant strategies for our clients. For further information and advice specific to your situation please contact us as soon as possible. For Individuals 1. Capital Gains Tax (CGT): Capital gains can be offset against losses, so now is... Read more

Federal Budget 2014

Written by Stephen Ryan, Director - Edney Ryan Chartered Accountants

This update comes to you the morning after Joe Hockey delivered the Abbott Government’s first Federal Budget. By last night most of the headline issues had been telegraphed in leaks to the media over recent days.  Here is a link to the detailed budget bulletin released by the Institute of Chartered Accountants and running for 56 pages. Here I highlight... Read more

Expats Denied CGT Discount

Written by Carolyn Griffin, Director - Edney Ryan Chartered Accountants

Foreign residents and Australians who have lived abroad may be affected by recent changes to the capital gains tax (CGT) discount. This will have implications for many of our Expat clients, who will not fully realise the capital gains tax discounting expected upon sale of a property. Previously if you had a capital gain, for example from the sale of... Read more

At its meeting today the Reserve Bank Board announced interest rates would remain unchanged at the record low level of 2.5%. The last rate cut took place in August 2013. In their statement, the Board said “monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent... Read more

Reducing a CGT Bill: Do you choose tax or charity?

Written by Brendon Vade, Financial Planner - Edney Ryan Wealth Management

Do you have a Capital Gains Tax issue? Most commonly, a significant capital gain arises if you sell a high value investment property, or your business is acquired, sold or floated. If you don’t have any capital losses to offset your gain it can be disheartening to hand over hundreds of thousands of dollars to the tax man. Consider a... Read more