Every team needs a good coach and so does your business


As we lead into Grand Final week, both the West Coast Eagles and Hawthorn Football Clubs would have well cemented their game plans. Like in sport, your business needs a solid game plan too.  You need to stay motivated, educated and on top of your business game.  What better way to do this than through a business coach.   In this weeks Blog we look at the similarities between sports coaches and business coaches, and how choosing the right one can give you the edge you need.

A good coach knows their sport, they must have an in-depth understanding, from the fundamental skills to advanced tactics and strategies.

A good coach always seeks out new information, learning about new training techniques, attends coaching clinics, knows about the latest in rehab for injuries and seeks out tips from other coaches and athletes.

A good coach is a motivator and is someone who is able to lay out a plan to help athletes achieve their goals.

A good coach instills discipline in their athletes and makes them accountable, and always leads by example.

A good coach is able to communicate effectively with players and is a good listener.  A good coach is someone who hears athletes’ concerns, listens to players’ ideas and is able to summarize and “mirror back” what players have said for maximum clarity and understanding.

A good coach is 100% committed to their profession and to the team.

It is important to look for these skills when choosing a business coach for your business. If you want faster and better results, we have unique financial awareness coaching programs that will provide you with the knowledge, accountability and support required to give your business the edge that it needs.

For more information contact Lynda on (03) 9744 7144 or email lynda@mcmahonosborne.com.au


Be aware of the latest scam

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Please be aware of a phone scam that is again circulating where fraudsters are claiming to be from the ATO and advising clients to respond or they will be contacted by ATO lawyers.

Assistant Commissioner Thomas Ryan said that the ATO makes thousands of outbound calls to taxpayers a week, but would never contact taxpayers about a debt in this threatening manner and urges people to protect their personal details.

“We take your privacy seriously. We urge you to be alert to these types of scams and never send money or give your financial details to someone you don’t know and trust,” Mr Ryan said.

If you receive a call from the ATO and are concerned about providing your personal information over the phone, you should ask for the caller’s name and phone them back through the ATO’s switchboard on 13 28 69 or contact McMahon Osborne Group on (03) 9744 7144. If you think you may have fallen victim to a phone scam, contact the ATO on 13 28 61 (8.00am–6.00pm, Monday to Friday).

Michael Osborne
Director- McMahon Osborne Group

Transition to a life without work

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Did you know a transition to retirement strategy could help you minimise your income tax after you turn 55?
Did you know you can ease into retirement by reducing your working hours without reducing your income?
Did you know we can help you reduce your tax without increasing your risk?

In the years leading up to retirement, you are probably looking forward to having more time to do the things you love, but you are concerned that you will not have saved enough money to fund your lifestyle. The process of retirement is changing and so are the government guidelines, a transition to retirement strategy could be the key to unlocking your financial future.

What is Transition to Retirement?
If you’re over 55 or nearing that age and have super already, the “transition to retirement” rules could help boost your super savings without cutting back on your lifestyle. Whatever your dreams of retirement are you can start planning today for that retirement you’ve always wanted.

How does a Transition to Retirement Strategy work?
The Transition to Retirement Strategy allows people who are over 55 to access their super whilst still working. You can reduce the number of hours you work and supplement your income payment from your pre-retirement pension.

Alternatively, you could continue working full-time but take advantage of the potential tax concessions on offer to boost your super in the years before you enter full retirement.

Case Study:

Peter is now 60 years old and is worried about how much he has saved for retirement.
Earning a Salary of $80,000pa including super ($61,253 after tax).
Peter would find it very difficult to reduce his take home wage.
He currently has $350,000 in his super account.
He plans to retire in 5 years.
By implementing a Transition to Retirement Strategy over 5 years when Peter retires he has saved $47,990 in tax and contributed an extra $117,300 into Super.  The below tables show how this strategy is implemented.


TTR table 2

In 5 years when Peter retires:-
Saved $47,990* in tax (*tax rates remain the same) Contributed an extra $117,300* into super (*contribution caps remain the same).

Peter has kept the same take home pay!

Talk to us today on (03) 9744 7144 about your Retirement Strategy.  Our professional team can help you achieve your retirement goals.

Some key fundamentals you should consider, when investing in property.


Are you one of those people who dream of investing in property but find it all too overwhelming and don’t know where to start? While there are many factors to consider when investing in property, location, budget, timing, etc, you can make that dream a reality by getting the right advice. To assist you in taking those first steps to unlocking your property investment future, we have compiled a list of some key fundamentals you should consider.

  • Strategy or plan- you must have one! This is generally the single biggest asset you will purchase. It doesn’t matter whether it is your first investment property purchase or you are a seasoned investor – begin with the end in mind!
  • Choose property that is attractive to both tenants and owner occupiers- any property you purchase should be in really good condition, as new, have good sized bedrooms, adequate toilet numbers, off street secure parking and be positioned away from noise and main roads. Most importantly it must be surrounded by good infrastructure such as transport, employment, shopping and leisure facilities. These tend to be found close to a CBD.
  • The best property in the best location- some properties make better investments than others. Your goal should be to pay the right price for the right property, not just the lowest price on any property. We see many property investors make the potential mistake of buying in their own area “just to keep an eye on it”. It may not be the best area to have an investment property, both for growth & quality of tenant, and this is potentially why so many people stop at only one investment property.
  • Buy blue chip- If a property seems too good to be true – it probably is. Cheap properties are usually cheap for a reason – usually as there is a lack of demand in that area and they lack the qualities listed above or there is an over supply in the area. Remember that blue chip will mean different things in different areas – that could mean one bedroom units in one area and 4 bedroom houses in another.
    I recently heard someone say “Do you want a property investment that is a
    bargain or one that performs?………..”
  • It is all about time in the market- Many people try to wait until the market is at a low before buying. The successful long term investors know that timing the market is for speculators, not investors. If you have done your research and can afford to buy and hold on to your asset, now is always the right time to buy.
  • You don’t have to sell to profit- Selling a property to realise a capital gain will incur costs and tax. By refinancing you can access the profits made on the property (equity) to continue investing in property to achieve your documented goals.
  • Get a good property manager – A good property manager will ensure you get a reliable tenant who pays market rent. Don’t be afraid to change between 6 month and 12 month terms depending upon the market. Also, you and your property manager must set a rent that is realistic. Overpriced rental properties will generally not get rented, regardless of how long you wait. Remember 52 weeks @$385 per week is better than 48 weeks @ $395 per week!
  • Build a team of professional advisors – You can’t do everything yourself. Surround yourself with professionals who are experts in their field – accountant, financier, property manager and where possible ensure that they property investors themselves.

If you would like to find out more about Property Investment and how this can assist you in securing the financial future you need, please contact Lynda on (03) 9744 7144 or email lynda@mcmahonosborne.com.au