Burcheart

Feeling very grateful for the last few days… completely overwhelmed with the outcome. Thanks you to and

A very exciting week for Burcheart this week. Sacha was listed in the prestigious Financial Standard Power50 2023!!! 🎉 This award recognises the 50 most influential advisers in Australia 🇦🇺.
A huge shoutout to our clients who trust us with their financial words, the many sponsors of this award and all the colleagues and clients that voted.

Olivia’s special birthday today! Happy Birthday to the best Client Services Manager ever!!!

They shall grow not old, as we that are left grow old: Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them.

A successful retirement is the product of careful planning and preparation. Setting yourself up for stress-free retirement years should be at the top of your financial to-do list.

8 retirement mistakes and how to avoid them Retirement is a phase of life most of us look forward to. It’s a chance to pursue other... https://eread.com.au/burcheart/150987

Listening to a podcast this morning, I had a powerful reminder that through consistent effort and dedication, anything is achievable. The mantra "Practice Makes Things Better" was especially resonant.

Merry Christmas Everyone! We are wrapping up the year together 💚 💚

Celebrating Christmas with our licensee Affina 🎄

Thanks for the invite Stu to be a guest for your innovation masterclass. A great opportunity to chat through the Burcheart process and the journey to date.

The 2022 Budget Highlights...

Federal Budget 2022-23 Analysis Budget October 2022: sign of the times In his first Budget, Treasurer Jim Chalmers emphasised the... https://eread.com.au/burcheart/147884

Some exciting news for a Friday. Burcheart has been listed as a finalist for Employer of the Year, our Founder Sacha Burchgart has been listed a finalist for Principal of the Year and our gorgeous Olivia Moulton a finalist for EA of the Year in the Women in Finance Awards 2022.

A big shout out to the lovely person that nominated us... We also wanted to take the opportunity to say that the team and I are incredibly grateful to work with so many amazing clients, businesses and business partners each and every day.

Mortgage vs Super -What is the best thing to do in this current environment? Should you direct your surplus funds to reduce your debt or contribute to super to build your wealth in the future and minimise your tax?

Mortgage vs super With interest rates on the rise and investment returns increasingly volatile, Australians with... https://eread.com.au/burcheart/147175

Reduce the risk of your portfolio without sacrificing potential returns 🙌🏽

Diversification involves spreading your money across multiple investments. Basically, not putting all your eggs in one basket.

Swipe to learn 4 reasons to diversify your portfolio ➡️

Investing: Is it worth the risk? 🤔

As a general rule, the more money you stand to make, the more money you stand to lose. Meaning you typically need to take on more risk to achieve higher returns.

Swipe to learn more about why risk matters, risk tolerance and how to reduce the risk involved ➡️

Welcome back Sacha, from your amazing European holiday! 🎉

Safe to say we have some serious travel envy!

If you have some spare cash 💰 it may be worth taking advantage of the higher non-concessional (after-tax) contributions cap. From 1 July 2021, the general non concessional cap increased to $110,000 annually (up from $100,000).

👉 These contributions can be a great help if you’ve reached your concessional contributions cap, received an inheritance, or have additional personal savings you would like to put into super. If you are aged 67 or older, however, you need to meet the requirements of the work test or work test exemption.

👉 For those under age 67 (previously age 65) at any time during 2021-22, you may be able to use a bring-forward arrangement to make a contribution of up to $330,000 (three years x $110,000).

👉 To take advantage of the bring-forward rule, your total super balance (TSB) must be under the relevant limit on 30 June of the previous year. Depending on your TSB, your personal contribution limit may be less than $330,000, so it’s a good idea to talk to us before making your contribution.

Speak to our team about how to maximise the return on your spare cash.

A key task for EOFY is maximising your super contributions to boost your retirement savings and take advantage of the available tax benefits.💰 Annual contribution limits for super rose this financial year, so this strategy is even more attractive.

👉 From 1 July 2021, most people’s annual concessional contributions cap increased to $27,500 (up from $25,000). This allows you to contribute a bit extra into your super on a before-tax basis, potentially reducing your taxable income.

👉 If you have any unused concessional contribution amounts from previous financial years and your super balance is less than $500,000, you may be able to “carry forward” these amounts to further top up.

👉 Another strategy is to make a personal contribution for which you claim a tax deduction. These contributions count towards your $27,500 cap and were previously available only to the self-employed. To qualify, you must notify your super fund in writing of your intention to claim and receive acknowledgement.

Speak to our team about how you can boost your retirement savings.

June was a big month in an eventful year for the local and global economy, with inflation and interest rates continuing to dominate.👀

With inflation sitting at 5.1% in Australia, cost of living pressure is mounting. The Reserve Bank lifted the cash rate to 0.85% in June, with more rises anticipated.

June also saw a global sell-off in shares, with the ASX 200 posting its worst month since March 2020. 📉

👇 Here is a snapshot of market movements from June.

Market movements & review video - July 2022 Stay up to date with what's happened in the Australian economy and markets over the past month.... https://eread.com.au/burcheart/144064

This EOFY it's worth thinking beyond super, to see what else you can do to reduce tax. ✅

Here are a few strategies to consider:

👉 If you’ve been working from home due to COVID-19, you can use the shortcut method to claim 80 cents per hour worked for your running expenses. But make sure you have detailed records of hours worked to substantiate your claim.

👉 You also need to prepare supporting documents to claim work-related expenses such as car, travel, clothing and self-education.

👉 Check whether you qualify for other common expense deductions such as tools, equipment, union fees, the cost of managing your tax affairs, charity donations and income protection premiums.

Click here to learn more - https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/

About last night….
Most of the team celebrated the EOFY and Burcheart turning 8. put on a Mexican feast followed by for lots of late night singing and dancing (footage never to be released)
Hopefully we have all recovered our voices for Monday! It was so lovely to celebrate the teams hard work 💚🤍💚

Earlier this month, Larry Chi attended the Morningstar Investment Conference 2022 at the International Convention Centre Sydney.

The line up of leading portfolio managers was impressive. They discussed their views on where the world and markets currently stand, as well as navigating geopolitics in an uncertain world and positioning portfolios for an inflationary and turbulent environment.

It was fantastic to see so many familiar faces all in one place given the last few years of lockdowns.

Shout out to MFS Investment Management for sending our funky Piper-Heidsieck prize in the post!

Recent stock market downturns have proved to be disheartening to many investors, with some considering their options due to concerns of financial loss. 📉

However, confident investors know, time in market is more important than timing the market and holding your long-term strategy in times of uncertainty is key. ⏰

The following article discusses the advantages of long-term investing and emotions to avoid when making investment decisions.

Read the article in full here: https://burcheart.com.au/benefits-investments-long-term/

The Importance and Benefits of Holding Investments Long-Term | Burcheart Recent stock market downturns have proved to be disheartening to many investors, with some considering their options due to concerns of financial loss. However, confident investors know, time in market is more important than timing the market and holding your long-term strategy in times of uncertain...

BURCHEART TURNS 8! 🎉

They say time flies when you're having fun! We can't believe how fast 8 years has passed and how many people we have been lucky enough to meet and work with over the years!

Thank you to our clients who have trusted us to help you reach your financial goals. Our purpose is to create a positive change in your life, free of worry and confusion and we are so grateful to be able to do that everyday!

Time to celebrate! 🧁✨

On Wednesday, our Founder Sacha Burchgart and Larry Chi attended the Advisor Innovation Summit 2022 at the Hilton Sydney.

With the world seeing such technological advancement in the last 12 months, the financial services ecosystem is transforming. The Adviser Innovation Summit discussed both future threats and opportunities unique to advisers as well as what tools needed to succeed, with speakers exploring the latest trends in fintech, innovation and digital transformation.

Learning about the Metaverse, DeFi, finfluencers and new tech was not only interesting but educational and will help business owners future-proof their business.

As always, it was great to see industry friends and colleagues.

Cost of living pressures, inflation and interest rates were major concerns in the lead-up to the May federal election.

The Reserve Bank of Australia (RBA) lifted the cash rate for the first time in over 11 years, following the US Federal Reserve’s decision to lift rates by 50 basis points, the biggest rate hike in 22 years as inflation hit 8.5%.

Here is a snapshot of market movements from May >>> https://eread.com.au/burcheart/143136

Market movements & review video - June 2022 Stay up to date with what's happened in Australian markets over the past month. Cost of living... https://eread.com.au/burcheart/143136

With EOFY looming, it's important business owners take the time to do their tax return due diligence and speak with their advisor about getting the right tax outcomes for your business.

We've listed 6 top tips to help you achieve this:

👉 Ensure any Super Guarantee and employee salary sacrifice contributions you plan to claim for the 2021-2022 period, are deducted from your account prior to June 30

👉 Consider whether to take advantage of the temporary full expensing regime that allows an immediate 100% write-off of eligible assets purchased and installed in the period 6 October 2020 to 30 June 2022

👉 Ensure your quarterly BAS, GST returns and Single Touch Payroll reports are all up-to-date

👉 Check whether your enterprise meets the eligibility rules for small business capital gains tax (CGT) concessions if you are contemplating winding up or selling your business soon

👉 Consider paying July expense invoices which are under $1,000 in June as these can be claimed without triggering repayment rules

👉 Write off any bad debts so you can claim a tax deduction

We love a good action shot at Burcheart! Sharing insights, ideas, knowledge on all things super and risk tolerance with the upcoming advisers of our future! Thanks TAL Risk Academy for inviting me to share my knowledge.

Earlier this month, several members of the Burcheart team attended the Affinia Conference 2022 in Hamilton Island where they were lucky enough to spend time with some of the best Financial Advisors from around the country, in one of the most beautiful parts of Australia!

Burcheart’s Founder Sacha Burchgart was part of the Adviser Council Meeting preconference where discussions were tailored around all things industry and compliance. Day 1 of the official conference Sacha was able to share with her peers the benefits of strategy first, why its important and sharing the key components of her very detailed strategy paper. Following this Sacha was in the Panel Q & A Session where advisers were able to ask questions about how this looked from a business perspective and how this helps create a financial journey roadmap for clients.

The team spent 3 days in great company, discussing all things regarding the current state of our economic market, aged care and lots more. Thank you to the organisers of the event and some well-regarded industry professionals and speakers such as Matt Church, Dr Louise Mahler, Stephen Prendeville, Jim Stackpool who shared so much of their knowledge. Also a big thank you to the inspiring Kurt Fearnley for closing out the conference.

It was a great few days spent with valuable peers and terrific to have our Director Sacha nominated for Advisor Of The Year once again.