Holzworth News - Page 4 of 9 - Holzworth Partners

4 Sep 2024

The Value of Financial Advice in Enhancing Client Wealth

In the ever-evolving financial landscape, the importance of professional financial advice has never been more evident. A recent report by Russell Investments highlights how financial advisers can significantly boost client portfolios, with an estimated annual value add of 5.7%. This figure underscores the multifaceted role that advisers play in safeguarding and growing their clients’ wealth, particularly through behavioural coaching, comprehensive financial planning, and tailored advice. Behavioural Coaching: A Crucial Role in Wealth Preservation One of

30 Aug 2024

Property investment terminology, benchmarking, and improving your return.

By Jane Purnell

Getting your head around property investment. If you’re a first-time investor, or you just want to better understand the lingo and investment performance measures, we’ve got you. We’ve put together easy to understand stats, facts and figures that any savvy property investor should get familiar with. To make life as an investor even easier, we’ve included some actions you can take if your property is not measuring up plus opportunities to look for if it

6 Aug 2024

Customising ESG Investing with a SMSF: Aligning Investments with Your Values

By Jane Purnell

As awareness of environmental, social, and governance (ESG) issues grows, many investors seek to align their investment portfolios with their personal values. ESG investing, which focuses on companies' ethical and sustainable practices, has become a popular choice for those who want to make a positive impact while achieving financial returns. For Australians, one of the most effective ways to customise ESG investments is through a Self-Managed Super Fund (SMSF). This article explores the benefits of

6 Aug 2024

Understanding Tax Implications for Cryptocurrency

By Jane Purnell

As cryptocurrency gains popularity, many investors remain uncertain about their tax obligations. Recent surveys highlight a significant gap in understanding, leading to the need for better compliance and record-keeping. The Australian Taxation Office (ATO) has established clear guidelines for taxing cryptocurrency, and non-compliance can result in significant penalties. Survey Insights According to the Independent Reserve Cryptocurrency Index, nearly 45% of Australian cryptocurrency investors do not fully understand their tax responsibilities. Additionally, 54% of participants have

6 Aug 2024

Complexities of Relationship Separation

By Jane Purnell

Separation is never easy, and the complexities involved can make it even more challenging. If you are currently navigating or soon to be facing a separation, there are major financial and emotional factors that need careful consideration. In these circumstances, there are often no clear winners or losers, as the process can be emotionally taxing for everyone involved. The Family Law Act 1975 serves as the cornerstone of family law in Australia, providing essential guidelines

4 Jul 2024

Did You Know You Can Use Your Super to Buy Gold?

By Jane Purnell

Humans have utilised gold as an investment vehicle to for thousands of years to drive wealth and display their fortunes. Over the past 12 months the gold price has risen over 21%. Gold might be a great investment choice in specific situations, such as when inflation is high, during economic uncertainty or geopolitical instability. At such times gold can outperform other asset classes and be used as a haven during market volatility.While gold may experience

2 Jul 2024

Tax Time 2024: How to Prepare Your Tax Return

By Jane Purnell

A guide to help you get ready for tax season, with tips from the ATO and our tax experts. Why You Should Start Preparing For Your Tax Return Now Tax time is here, and it's time to start getting your financial records in order. Whether you are an employee, a sole trader, or a business owner, you need to lodge your tax return by 31 October 2024. But don't rush to submit it as soon

2 Jul 2024

ATO Targets Rental Income, Work-Related Expenses, and Crypto Profits

By Jane Purnell

Now that the end of the financial year has passed, CPA Australia has alerted taxpayers to the Australian Taxation Office's (ATO) main focus areas for tax returns: rental property income, work-related expenses, and cryptocurrency profits. Scrutiny on Rental Property Claims Rental property owners should be meticulous with their claims, as the Australian Taxation Office (ATO) has heightened its scrutiny on various aspects of rental property deductions. One primary area of focus is the distinction between

15 May 2024

FEDERAL BUDGET SUMMARY 14 MAY 2024

By Jane Purnell

On the evening of 14 May 2024, the Government delivered what is possibly its last Budget in the current parliamentary term. The next election is expected to be held either late this year or early in 2025.Inflation, cost of living pressures, and housing all continue to dominate the fiscal landscape, impacting the lives of Australians. The key challenges addressed in this year’s Budget include:Easing cost of living and inflationary pressures,Building more houses,Strengthening Medicare and the care

15 May 2024

Tension between generations becomes an unintended consequence

By Mark Holzworth

The housing affordability crisis is having unintended consequences between generations, according to economist Professor Rachel ViforJ. "There's definitely growing intergenerational tension in the housing market. Most people who are home owners are older and many of them would have bought back in say the 1980s, or the 1990s, just before the worldwide housing boom." "If you bought just before the housing boom, then you would be enjoying a huge amount of capital gain," said Professor ViforJ. Unfortunately, what that means is that it's actually locking out growing numbers of young people from being able to access first home ownership."