Leanne Rudd profile image

Leanne Rudd

CEO & Accountant at The Money Edge

Member Since February 2013

Bundaberg South, QLD, 4670

SHARE

47 FOLLOWERS

More than 20 years professional accountancy experience. Working with private business owners across taxation, financial accounting and advisory. Her Specialties include: Business Advisory (Development & Planning), Taxation, Family Superannuation & Succession, Estate planning, Structuring, Real Estate, Start ups and Entrepreneurs and Self Managed Superannuation (SMSF's)
The Money Edge helps manage your entire

Qualified skills

Taxation
Accounting
Payroll
Bookkeeping
Business Consulting

Reputation

Superannuation

Increases coming for your employee superannuation obligations

The Superannuation Guarantee (required Employer Super Contribution) is set to rise from 9% to 9.25% and then gradually increase to 12% of the next 6 years.   The first increase takes effect in a few months from 1 July 2013.  This change is being implemented by the Government to make it easier for Australians to save for their future.   The below table illustrates the gradual change:   ...

Accounting

Accountants and Banks need for a Balance Sheet

Balance Sheets – Why do Accountants and Banks ask for them? A Balance Sheet provides a good overall picture of the financial health of a business. It is a tool used by Accountants and Banks to evaluate a business’s liquidity. A Balance Sheet will allow a small business owner to identify trends and easily grasp the financial strength and possibilities of their business. What does your Balance...

Bookkeeping

How is your Working Capital?

What is Working Capital? Working Capital is the funds (money) required to finance the normal day to day expenses of your business. Your working capital ensures that you are able to pay your debts as they fall due. This is particularly important during the start up period. The working capital cycle is time between paying for the goods purchased by you and the final receipt of payment that you rece...

Finance and Accounting

Getting an Early Start with Retirement and Estate Planning

As with most things in life the earlier you start something the greater the impact, and planning for your future is no different.  With the majority of people leaving retirement planning until the time children are almost finished school or left home (if they ever do) they often find themselves with limited time to grow their wealth and plan for their financial future. Young people and those wit...

Superannuation

Changes to ATO Supervisory Levy for SMSF’s

You may notice when signing your SMSF tax return this year that the 2013 ATO Supervisory Levy has jumped from $200 to $321! The Levy was to be $191 but the ATO has decided to bring the Levy forward by one year, in installments over 2013 and 2014. In the past, the Levy relating to the year of the tax return (eg 2011) was paid in the following year when the notice of assessment was raised (eg 2012...

Superannuation

Essential Clauses to Include in all Salary Sacrifice Agreements

There is no legal requirement for an effective salary sacrifice agreement to be in writing and, therefore, it may be entered into verbally between parties. Nonetheless, The Money Edge strongly recommends that all salary packaging agreements be entered into in writing because a detailed agreement provides clarity on the right and obligations of the parties and reduces the likelihood of disputes. W...

Budgeting and Forecasting

What's The Difference Between A Budget And Cashflow?

It is often confusing as to the difference between a budget and a cashflow forecast. They seem to both show you similar information yet are both very different and are used in different areas of your business. Both a budget and a cashflow forecast are vital for the accurate financial management of your business. Characteristics of a Budget: It reflects what you plan to do with your finances for ...

Superannuation

ATO Program: SMSF Compliance in 2013

The ATO has released its Compliance program for the 2012-2013 year.  The program lets us know what the ATO will be focusing on in the financial year to make sure everyone is satisfying their tax obligations.  For SMSF’s this year, the ATO will focus on the following areas : Exempt pension income – the ATO wants to make sure that pension income isn’t being overstated in order to receive ta...

Regulatory and Compliance

Medicare Levy To Increase To Fund NDIS

The Prime Minister, the Hon. Julia Gillard MP, has announced that the Australian Government will increase the Medicare levy by 0.5 per cent from 1 July 2014 to help fund its proposed National Disability Insurance Scheme (NDIS), now renamed DisabilityCare Australia. This would take the Medicare levy from 1.5 per cent to 2 per cent of taxable income. The Prime Minister says low income earners wou...

Superannuation

Salary Packaging and its Effect on Superannuation

As a business owner there are a plethora of circumstances and scenarios you should be aware of when it comes to your employees, employee agreements, superannuation, salary packaging, etc. If you are a bit lost in between these newly imposed responsibilities, no worries. We have a whole article dedicated to helping you get answers to any superannuation and salary packaging related questions. So i...

Banking

Did You Know Your Mortgage Offset Account Comes With A Business Risk?

Due to a recent court decision, small business owners are being urged to have a look at how their home loan account has been structured. A small business owner has been handed a huge tax bill after the court ruled he was ineligible to access the small business capital gains tax concessions on the sale of his interests in a real estate agency.  Small businesses are able to access four small busi...

Taxation

Refunding Excess GST Legislation

The law on GST refund may be amended by the Australian Government.  The business owners who paid more GST are supposed to get a GST refund but the regulations regarding this process might be changed.  As a business owner, you should stay updated, so read this short article to be informed about the possible changes.  Draft legislation has been released by the Australian Government regarding ...

Taxation

Attention: Building and Construction Industry

As we have mentioned in recent times, the new rules surrounding the “Taxable Payments Reporting System” started on 01 July 2012. That means that the first reporting date of 21 July 2013 is fast approaching.   Briefly, the Taxable Payments Reporting System will affect those with an ABN in the Building and Construction Industry.  Any payments made to contractors for certain building and cons...

Superannuation

MYSUPER

As part of Stronger Super, the Government has introduced a new default investment option called ‘MySuper’.  Currently, if an employee does not inform their employer of their choice of super fund, the employer must make contributions to their employer-nominated fund (default fund).  These default funds will now be replaced with MySuper, which is a new superannuation product that is cost effec...

Human Resources

Taking the LAF (Ha-ha) out of LAFHA

Effective from 1st of October 2012, the new LAFHA rules keep the "Living Away from Home Allowance" firmly in the FBT (Fringe Benefits Tax) System. The final law is different from the change that was initially proposed in November 2011, which would have seen any LAFHA reported as assessable income on the employee’s payment summary. However, in order for the employer to reduce the FBT on the amo...

Taxation

Land Tax

Land tax is a State tax imposed by the Queensland Government on owners of freehold land in Qld.  Fortunately, the land tax year runs from July to June, so at least it is in line with the income tax year!  You may be liable for the tax on land you own as at midnight on June 30.  Exemptions do apply where the land is used as a person’s home, or if the land is used for a primary production busin...

Accounting

Accountants and Banks need for a Balance Sheet

Balance Sheets – Why do Accountants and Banks ask for them? A Balance Sheet provides a good overall picture of the financial health of a business. It is a tool used by Accountants and Banks to evaluate a business’s liquidity. A Balance Sheet will allow a small business owner to identify trends and easily grasp the financial strength and possibilities of their business. What does your Balance...

Bookkeeping

How is your Working Capital?

What is Working Capital? Working Capital is the funds (money) required to finance the normal day to day expenses of your business. Your working capital ensures that you are able to pay your debts as they fall due. This is particularly important during the start up period. The working capital cycle is time between paying for the goods purchased by you and the final receipt of payment that you rece...

Finance and Accounting

Getting an Early Start with Retirement and Estate Planning

As with most things in life the earlier you start something the greater the impact, and planning for your future is no different.  With the majority of people leaving retirement planning until the time children are almost finished school or left home (if they ever do) they often find themselves with limited time to grow their wealth and plan for their financial future. Young people and those wit...

Superannuation

Changes to ATO Supervisory Levy for SMSF’s

You may notice when signing your SMSF tax return this year that the 2013 ATO Supervisory Levy has jumped from $200 to $321! The Levy was to be $191 but the ATO has decided to bring the Levy forward by one year, in installments over 2013 and 2014. In the past, the Levy relating to the year of the tax return (eg 2011) was paid in the following year when the notice of assessment was raised (eg 2012...

Superannuation

Essential Clauses to Include in all Salary Sacrifice Agreements

There is no legal requirement for an effective salary sacrifice agreement to be in writing and, therefore, it may be entered into verbally between parties. Nonetheless, The Money Edge strongly recommends that all salary packaging agreements be entered into in writing because a detailed agreement provides clarity on the right and obligations of the parties and reduces the likelihood of disputes. W...

Budgeting and Forecasting

What's The Difference Between A Budget And Cashflow?

It is often confusing as to the difference between a budget and a cashflow forecast. They seem to both show you similar information yet are both very different and are used in different areas of your business. Both a budget and a cashflow forecast are vital for the accurate financial management of your business. Characteristics of a Budget: It reflects what you plan to do with your finances for ...

Regulatory and Compliance

Medicare Levy To Increase To Fund NDIS

The Prime Minister, the Hon. Julia Gillard MP, has announced that the Australian Government will increase the Medicare levy by 0.5 per cent from 1 July 2014 to help fund its proposed National Disability Insurance Scheme (NDIS), now renamed DisabilityCare Australia. This would take the Medicare levy from 1.5 per cent to 2 per cent of taxable income. The Prime Minister says low income earners wou...

Superannuation

ATO Program: SMSF Compliance in 2013

The ATO has released its Compliance program for the 2012-2013 year.  The program lets us know what the ATO will be focusing on in the financial year to make sure everyone is satisfying their tax obligations.  For SMSF’s this year, the ATO will focus on the following areas : Exempt pension income – the ATO wants to make sure that pension income isn’t being overstated in order to receive ta...

Superannuation

Salary Packaging and its Effect on Superannuation

As a business owner there are a plethora of circumstances and scenarios you should be aware of when it comes to your employees, employee agreements, superannuation, salary packaging, etc. If you are a bit lost in between these newly imposed responsibilities, no worries. We have a whole article dedicated to helping you get answers to any superannuation and salary packaging related questions. So i...

Banking

Did You Know Your Mortgage Offset Account Comes With A Business Risk?

Due to a recent court decision, small business owners are being urged to have a look at how their home loan account has been structured. A small business owner has been handed a huge tax bill after the court ruled he was ineligible to access the small business capital gains tax concessions on the sale of his interests in a real estate agency.  Small businesses are able to access four small busi...

Superannuation

Increases coming for your employee superannuation obligations

The Superannuation Guarantee (required Employer Super Contribution) is set to rise from 9% to 9.25% and then gradually increase to 12% of the next 6 years.   The first increase takes effect in a few months from 1 July 2013.  This change is being implemented by the Government to make it easier for Australians to save for their future.   The below table illustrates the gradual change:   ...

Taxation

Refunding Excess GST Legislation

The law on GST refund may be amended by the Australian Government.  The business owners who paid more GST are supposed to get a GST refund but the regulations regarding this process might be changed.  As a business owner, you should stay updated, so read this short article to be informed about the possible changes.  Draft legislation has been released by the Australian Government regarding ...

Taxation

Attention: Building and Construction Industry

As we have mentioned in recent times, the new rules surrounding the “Taxable Payments Reporting System” started on 01 July 2012. That means that the first reporting date of 21 July 2013 is fast approaching.   Briefly, the Taxable Payments Reporting System will affect those with an ABN in the Building and Construction Industry.  Any payments made to contractors for certain building and cons...

Superannuation

MYSUPER

As part of Stronger Super, the Government has introduced a new default investment option called ‘MySuper’.  Currently, if an employee does not inform their employer of their choice of super fund, the employer must make contributions to their employer-nominated fund (default fund).  These default funds will now be replaced with MySuper, which is a new superannuation product that is cost effec...

Human Resources

Taking the LAF (Ha-ha) out of LAFHA

Effective from 1st of October 2012, the new LAFHA rules keep the "Living Away from Home Allowance" firmly in the FBT (Fringe Benefits Tax) System. The final law is different from the change that was initially proposed in November 2011, which would have seen any LAFHA reported as assessable income on the employee’s payment summary. However, in order for the employer to reduce the FBT on the amo...

Taxation

Land Tax

Land tax is a State tax imposed by the Queensland Government on owners of freehold land in Qld.  Fortunately, the land tax year runs from July to June, so at least it is in line with the income tax year!  You may be liable for the tax on land you own as at midnight on June 30.  Exemptions do apply where the land is used as a person’s home, or if the land is used for a primary production busin...

No results found.

TOPICS FOLLOWED

Online Business

Online Business 9297 FOLLOWERS

Legal

Legal 5905 FOLLOWERS

Sales and Marketing

Sales and Marketing 8694 FOLLOWERS

Human Resources

Human Resources 6689 FOLLOWERS

Finance and Accounting

Finance and Accounting 8178 FOLLOWERS

Information Technology

Information Technology 7622 FOLLOWERS

Startup

Startup 6845 FOLLOWERS

Business Management

Business Management 11036 FOLLOWERS

Ecommerce

Ecommerce 7529 FOLLOWERS

Selling Online

Selling Online 7586 FOLLOWERS

Social Media

Social Media 7674 FOLLOWERS

Web Design

Web Design 7502 FOLLOWERS

Web Development

Web Development 7542 FOLLOWERS

Web Hosting

Web Hosting 7407 FOLLOWERS

Business Structure

Business Structure 5398 FOLLOWERS

Insolvency

Insolvency 5289 FOLLOWERS

Intellectual Property

Intellectual Property 5345 FOLLOWERS

Buying a Business

Buying a Business 5345 FOLLOWERS

Employment Law

Employment Law 5314 FOLLOWERS

Customer Acquisition

Customer Acquisition 6930 FOLLOWERS

Graphic Design

Graphic Design 6863 FOLLOWERS

Video Production

Video Production 6847 FOLLOWERS

Advertising

Advertising 6984 FOLLOWERS

Branding

Branding 6995 FOLLOWERS

Market Research

Market Research 6897 FOLLOWERS

Digital Marketing

Digital Marketing 7046 FOLLOWERS

Public Relations (PR)

Public Relations (PR) 6900 FOLLOWERS

Recruitment

Recruitment 5444 FOLLOWERS

Leadership

Leadership 5501 FOLLOWERS

Team Management

Team Management 5482 FOLLOWERS

Outsourcing

Outsourcing 5473 FOLLOWERS

Succession Planning

Succession Planning 5441 FOLLOWERS

Career Planning

Career Planning 5424 FOLLOWERS

Cashflow Management

Cashflow Management 5618 FOLLOWERS

Taxation

Taxation 5581 FOLLOWERS

Insurance

Insurance 5560 FOLLOWERS

Superannuation

Superannuation 5562 FOLLOWERS

Banking

Banking 5572 FOLLOWERS

Accounting

Accounting 5604 FOLLOWERS

Government Grants

Government Grants 5576 FOLLOWERS

Website

Website 6244 FOLLOWERS

Cloud Computing

Cloud Computing 6158 FOLLOWERS

App Development

App Development 6141 FOLLOWERS

Hardware and Software

Hardware and Software 6124 FOLLOWERS

IT Support

IT Support 6132 FOLLOWERS

Product Development

Product Development 6455 FOLLOWERS

Startup Branding and PR

Startup Branding and PR 6485 FOLLOWERS

First 100 Days

First 100 Days 6454 FOLLOWERS

Bootstrapping

Bootstrapping 6422 FOLLOWERS

Research and Innovation

Research and Innovation 6460 FOLLOWERS

Customer Retention

Customer Retention 7366 FOLLOWERS

Importing

Importing 7259 FOLLOWERS

Business Growth

Business Growth 7378 FOLLOWERS

Market Trend

Market Trend 7328 FOLLOWERS

Business Partnership

Business Partnership 7340 FOLLOWERS

Lifestyle and Health

Lifestyle and Health 7345 FOLLOWERS

Risk Management

Risk Management 7319 FOLLOWERS

Franchising

Franchising 7264 FOLLOWERS

Business Coaching

Business Coaching 7381 FOLLOWERS

Business Planning

Business Planning 7406 FOLLOWERS

New Business Ideas

New Business Ideas 6510 FOLLOWERS

View more

people with similar expertise

Kirsty Fox 29 FOLLOWERS

Paul Zisson 243 FOLLOWERS

Michael Prior 40 FOLLOWERS

Pam Pitt 47 FOLLOWERS

Ian Harris 19 FOLLOWERS