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Personal and Asset Protection2018-07-13T13:38:12+00:00

Article Blogs

Personal and Asset Protection

Insurance Protection

Have you thought about insuring the most important asset in your life – your ability to earn income. Income Protection Insurance provides income cover if you are sick or injured and unable to work. Here at Modoras, we take a holistic view of your personal insurances. Invest in peace of mind. Read more here to see how Income Protection can help you.

Federal Budget 2018: Other proposals

Federal Budget 2018: Other Proposals Federal Budget 2018 Initiatives: Other Proposals Tax integrity measure for testamentary trusts Effective 1 July 2019 Concessional tax rates for minors receiving income from a testamentary trust will be limited to income derived from assets transferred from a deceased estate or proceeds from the disposal or investment of those assets. This initiative is designed to prevent minors from obtaining the benefit of adult marginal tax rates on a high amount of income. Created by transferring assets that are unrelated to a deceased estate into a testamentary trust.

Federal Budget 2018: Tax (Investors)

Federal Budget 2018: Tax (investors) Federal Budget 2018 Initatives: Tax (investors) Removing the capital gains discount for managed investment trusts Deductions denied for vacant land   Removing the capital gains discount for managed investment trusts Effective 1 July 2019 Managed Investment Trusts (MITs) and Attribution MITs (AMITs) will be prevented from claiming the 50% capital gains discount at a trust level from 1 July 2019. MITs and AMITs will continue to be able to distribute realised capital gains to beneficiaries. Who are still able to apply the 50% capital gains tax discount for proceeds from assets that are held longer than 12 months. Deductions denied for vacant land Effective 1 July 2019 As an integrity measure to address concerns that dedications are being improperly claimed for expenses associated with vacant land, the Government will deny deductions such as borrowing expenses and council rates, where the vacant land is not genuinely held for the purpose of earning an assessable income. Denied expenses that would ordinarily be included in an asset’s costs base, may continue to be included for capital gains tax (CGT) purposes when sold. Expenses that would not ordinarily be included in the costs base of the asset for CGT purposes and will now also be denied a deduction will continue to be excluded in the cost base calculation. This initiative will not apply to expenses associated with holding land that are incurred after: A property has been constructed on the land, it has received approval to be occupied

What to do if your business is your only asset or investment

What to do if your business is your only asset or investment If your business is your only asset or investment, it’s important to protect your livelihood and plan for your future. Read our tips on how to safeguard your financial future while still growing your business. SOURCE: Photo by on Unsplash Help! My business is my only asset or investment It’s not unusual for business owners to throw their heart and soul into their business. But are you pouring your life savings into it as well? This can have a significant impact on your financial future and retirement. So, what can you do to protect yourself and secure your future if your business is your only asset or investment? Protect your livelihood Risk Management is one of the most critical things you can do to ensure you and your business can survive when unforeseen events or situations arise. It’s law that you need insurance to cover your employees, but what about you? What happens to your income, or the business if you can’t run it anymore. It’s important that your business continues to run effectively even if you can’t be at the helm. If your business is your only asset, you’re also likely to be heavily reliant on the income for personal and lifestyle expenses. There are many risk considerations when you’re self-employed. But there are also ways to mitigate these risks. Some aspects that affect you personally is making sure the business can continue to


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“I will remain with them as they have been great to me for many many years.”


“I’ve been a customer for several decades(scary how time flies). The service has always been impeccable, consistent, friendly.”


“Very happy with the ease of experience. And extremely happy with my return…much more than I anticipated.”


“The process suits me perfectly, the details and everything you need from me is provided. You then review and I come in to sign where appropriate. In a busy schedule, it suits me perfectly.”


“Our business with Modoras is always very professional and friendly making it a pleasure to attend.”

Peter & Merle

“I have recommended Modoras to friends and family. My sister in law is now a client.”


“Professional service with the personal care factor.”


“We are very happy with the service that Modoras have provided and find all staff very friendly and helpful.”


“Super friendly staff . Would recommend and have recommended.”


“We really enjoy the hospitality every time we visit the office, to meet and talk directly with the ‘Modoras family’ has a huge impact in entrusting our financial future.”


“We have built an excellent business rapport with our Accountant over many, many years. He has managed both personal and business tax and accounting matters for us. It is a pleasure to attend the lovely office in Mt Gravatt. The Reception staff are friendly and efficient. AND they make a great coffee!”


Financial Planning and Credit services are offered through Modoras Pty Ltd ABN 86 068 034 908. Australian Financial Services and Credit Licence No. 233209.
Accounting services are offered through Modoras Accounting (QLD) Pty Ltd ABN 81 601 145 215, Modoras Accounting (VIC) Pty Ltd ACN 145 368 850 and Modoras Accounting (SYD) Pty Ltd ABN 18 622 475 521

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