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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Hot Issues
Strategies to handle scam phone calls and problem e-mails.
Instant asset write-off threshold upped to $25k
Jail time for GST fraud
Correcting GST Errors
Fuel tax credit rates raised
ATO set to contact clients for overdue TPAR
Reminder on Victoria Property Duties
How Australia is performing.
Global outlook summary: Down but not out
Bookkeepers remind on incoming TPRS obligations
Golden Rules for Deductions
How's Australia going - vital statistics?
Tax, SMEs set to be ‘political football’ in 2019 as election nears
Cap lifted on popular financing option for clients
Expiry of 900,000 interest-only loans set for January
Australian Taxation Office (ATO) Scam Alert: Fake Demands for Tax Payments
Tax Office sounds alarm on popular property strategy
Our Advent calendar for 2018
‘Please do not panic’: ATO boss addresses STP concerns
Stop!! Don't do a paper Budget, use our online budgeting tools instead.
Employee Christmas Parties and Gifts – Any FBT?
Behavioural Coaching and your financial plans
FBT – Christmas Parties and Taxi Fares
Information needed to be the BBQ expert.
Tax consequences of trust vesting
Fringe Benefits Tax (FBT): employees’ private use of vehicles
ATO to contact clients over bank details
ATO claws back $850m in unpaid SG in FY 17-18
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Articles
Do you want to retire before age 55?
Does Your Job Require You To Work In The Sun?
Once is nifty, twice is thrifty
Positive Gearing Can Achieve Exceptional Returns
How Salary Sacrifice Into Superannuation Can Work.
Our Solution to Keeping Adequate Records
Tax Deduction for Interest
Shareholder Loan Review
Commission or Gift?
New Penalty - Late Lodgement
Direct Property Strategy at Work - Update
Interest Rates. What Now?
How to Read an Insurance Policy
GST - Can tenants refuse to pay GST?
Amendments to Social Security Gifting Rules
New Social Security Gifting Rules
Retirement - How Much do I Need?
Body Corporate Liability Concern
Your Personal Tax Return Checklist
Your Business Tax Return Checklist
How old is Your Log Book?
Do you want to retire before age 55?
Make your dream to retire early a reality. Whatever your financial situation, with the right financial strategies in place, you too can learn how to retire earlier and wealthier. Leverage from these ideas from Protax.

Use our 5-step strategy and accelerate your wealth creation, starting today.
1. Invest sooner rather than later The younger you start investing, the greater the opportunity to benefit from compounding interest.  By reinvesting the income earned by an investment, you will earn more money the next time round.  A realistic and manageable target to start with is to save 10% of your gross salary.

2. Reduce non-deductible debt Credit card, mobile phone and personal loan debts are some of the biggest causes of financial strain and can be potential downfalls to any wealth creation plan.  Generally, it is better to pay off your debts from your existing savings rather than from your future income, as the interest earned on your savings is usually far less than the high rates incurred on unpaid debt.

3. Benefit from gearing A sensible plan can be a tax-effective way to create wealth.  By borrowing additional money against existing assets you can grow your portfolio and accelerate your wealth creation.

4. Protect your income For around 1-2% of your salary, Income Protection Insurance can ensure that up to 75% of your gross income is paid in the event of an accident or illness.  Whatever the circumstances, it is important that you sustain your income if you are unable to work for an extended period, otherwise early retirement will remain an unrealised dream.

5. Wealth creation in and outside the superannuation environment Superannuation remains the most tax-effective vehicle for you to maximise your wealth in retirement.  However, you still need to be able to fund your lifestyle pre-retirement.  Invest outside of the superannuation environment and use these non-superannuation assets to fund your early retirement.  Rely on superannuation assets when you are eligible to access them.

These are very general ideas and need a specialised plan designed with our Protax expertise, to meet your needs.






  


23rd-September-2002