Watson Corporate Services in Baulkham Hills, New South Wales | Financial service

Watson Corporate Services

Locality: Baulkham Hills, New South Wales

Phone: +61 2 8806 3553

Address: Level 3, 3 Columbia Court 2153 Baulkham Hills, NSW, Australia

Website: http://www.watsoncorporate.com.au

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25.01.2022 Take stock of how much conveniences are costing you With weeks, and perhaps months, of self-isolation ahead, many of lifes conveniences like streaming and delivery services will become our essentials. But if youre used to spending unlimited amounts to make life that little bit easier, now is a good time to look at what you can live without to make your budget go further. These days its easy to order just about anything on demand. With the tap of a button, you can stream th...Continue reading

25.01.2022 This is an article that I found from 2018, amazing how accurate it still is. Please enjoy. 7 money personalities you may identify with or want to avoid Are you the friend that shouts more than what you can afford, or the one that’s happy with a handout because no one knows Struggle Street like you do? ...Continue reading

24.01.2022 7 Steps To Improve Your Financial Situation Youre not the first person who has fallen on tough times, and you certainly wont be the last. Given the enormity of the problem, youd be forgiven for resigning yourself to a life of missed opportunities and mounting debts. It doesnt have to be this way. With a little planning and a lot of discipline, you can improve your financial situation and begin making tangible investments in your familys future. Start by following these s...Continue reading

24.01.2022 WHY YOU NEED TO DO A BUDGET FOR NEW FINANCIAL YEAR? Youll never plough a field by turning it over in your mind Old Irish Proverb (but still very true today!)...Continue reading

23.01.2022 When your adult children become long-term residents in your home In the wake of the COVID-19 pandemic, many young adults have been forced out of work and back into the family home. As the pandemic stretches on, how can you manage the added cost of supporting your children and help them get back on their feet? There’s no question young people have been hit hard by the COVID-19 pandemic. From casual job losses to widespread hiring freezes, they’re on the front line. Experts f...Continue reading

23.01.2022 Making the most of tax savings before 30 June The COVID-19 crisis is turning out to be a tough time for many households. Maximising tax effectiveness is one strategy for being smart with your finances. With the financial impact of COVID-19 being felt by many individuals and families, perhaps youre looking to lodge your next tax return quickly to benefit from a refund. Before the end of the financial year arrives on 30 June, its worth looking at ways to maximise any tax off...Continue reading

21.01.2022 What to Do If You Lose Your Wallet By Thorin Klosowski and Jordan Calhoun Losing a wallet can be nerve-racking, but having a plan for replacing the contents of your wallet can help make it a minor headache instead of a disaster. If you have the luxury of time, the first thing you should do is also the most obvious: retrace your steps, call any places you may have left it, and hope for a quick resolution. If you’re fairly certain your wallet is gone for good or you’re not wi...Continue reading

21.01.2022 What to look for on your super statement Super statements come but once a year (or twice with some funds). When yours arrives, its important to take a proper look because it could become one of the biggest assets youll ever have. Heres our quick guide to what you should watch out for and why. 1. Personal details Check your name and address are present and correct. Not having the right details could lead to you having unclaimed super if you change jobs or move house. You ca...Continue reading

21.01.2022 Are you ready to lodge your income tax return for the financial year just finished? Why not give us a call at Watson Corporate Services on 02 8806 3553 and we will be happy to give you quote on the cost of preparing it for you. All returns are prepared by fully qualified accountants. Do you have investments, rental property or just need help with your return? Nothing is too simple for us nor is anything too complicated - we love a challenge! Dont live in Sydney? ... Not a problem, we are happy to talk to you on the telephone or via zoom or Skype, we have perfected our zoom and Skype meetings over this time of no face to face meetings - so why not give us a try? Photo by Scott Graham on Unsplash

21.01.2022 Early access not so super for women The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long-term financial wellbeing? Here are 5 reasons as to why a super withdrawal during this time could leave women financially vulnerable: 1. Mind the gap...Continue reading

21.01.2022 How to Stop Being Broke by Taylor | Oct 16, 2019 | Budgeting, Save Money We all know that figuring out our finances is hard, especially in our 20s and 30s when there isnt much of it to go around. Money cant buy happiness, but it sure can make your life a lot easier and set you up for the future that you want....Continue reading

20.01.2022 Your money goals and how to reach them Its easy to have big ideas about your financial future, but harder to achieve them. As most dieters know, you can follow the best dieting program, but struggle to stick to it. The same is true for your financial goals, whatever they include, and the plan you draw up to achieve them. Even with the best intentions, its easy to fall off the wagon. Life is full of distractions for example, that fancy must-have car or overseas trip. It...Continue reading

19.01.2022 Why you need to keep your identity safe Have you received an unexpected email or text asking you to confirm personal details by clicking on a link or opening an attachment? It could be an attempt to steal your information for financial gain. Identity theft is on the rise, so its important to know how to protect yourself. Its hard to believe people may be trawling through your garbage or waiting for you to click on an email so they can pick up some personal information abo...Continue reading

19.01.2022 The first step to wealth (it’s not the lotto silly!) Hands up if you want to spend your life in comfort, not worrying about how to pay your bills, being able to take the trips overseas, new cars, and then finally a comfortable retirement. My hand just went up, and I bet yours did too. So how is that going? Is it easy, hard or somewhere in between? For most of my clients, the answer would probably be somewhere in between. They do OK, but when we first met, most of them wo...Continue reading

19.01.2022 WE HAVE MOVED Watson Corporate Services has closed its Orange office as of 30 June 2020. This was an unfortunate side effect of the virus and we could no longer maintain 2 offices. We have consolidated our operation to Level 3, 3 Columbia Ct, Baulkham Hills. We are still happy to service the people of the regional and rural areas using skype, zoom or telephone, as we do all our clients throughout Australia. Photo by HiveBoxx on Unsplash

18.01.2022 Benefits of isolation for you and your wallet (part 1) Opportunity is missed by most people because it is dressed in overalls and looks like work. Thomas Eddison. Have you been looking for things to do in isolation and discovered that giving all the cupboards a good clean out has been beneficial? No? You should try it; it is worth the effort. Now you have another problem to deal with. What to do with all the things that you dont want or need anymore? Have you thou...Continue reading

18.01.2022 Why you need a Will In 2020 COVID-19 has introduced significant health risks and changes to family life. It’s now more important to have an estate plan so you can make sure your family and loved ones are looked after should you become ill or die. It’s no wonder people tend to avoid making a Will. We can find it hard to face the fact that death is part of our future and that there may be a time when we won’t be able to manage our own finances due to poor health. However, the C...Continue reading

18.01.2022 What Is a Recession and Should I Be Worried? Written by Sarah Basford Canales Australia has recorded its first recession in 29 years and the largest single-quarter fall in the countrys history. But its hard to contextualise this news without a bit of background information on what recessions are and how they impact your bottom dollar....Continue reading

18.01.2022 Stay one step ahead of online scams Just as the internet continues to surprise us every day, so do online scammers and fraudsters. Its good to stay in the know with the cyber dark arts so you can quickly spot them. Keeping your computer secure The first place to start is right under your nose. Spyware and Malware can snoop on your internet activities on your phone and computer. Heres what you can do to protect your computer:...Continue reading

18.01.2022 How is your credit score affected by COVID-19? If you’re one of the many Australians financially impacted by COVID-19, who have deferred $218 billion worth of payments this year fear not. Your credit score is unlikely to be affected by payment deferrals or mortgage holidays due to the current state of the world. While that’s good news, it’s still important to maintain a high credit score by understanding how it’s calculated and what you can do to maintain it in future. So, ...Continue reading

17.01.2022 Five tips for a better retirement Retirement is an exciting time. It’s the long-awaited reward for a lifetime of work and, if you’ve planned it correctly, it heralds a life stage synonymous with relaxation and enjoyment. However, to make sure your retirement is everything you’d hoped for, it’s crucial to make smart decisions to help you stick to your financial plan, achieve investment goals and aid you in your transition....Continue reading

17.01.2022 What tax deductions can I claim working from home? According to the Australian Taxation Office, there are three ways to claim your home office running expenses. The actual cost method Under this method, your tax deductions include the actual costs of work-related expenses. This applies to things such as the costs of your home office furniture and fittings, as well as equipment such as computers and desks. ...Continue reading

15.01.2022 How is your credit score affected by COVID-19? If youre one of the many Australians financially impacted by COVID-19, who have deferred $218 billion worth of payments this year fear not. Your credit score is unlikely to be affected by payment deferrals or mortgage holidays due to the current state of the world. While thats good news, its still important to maintain a high credit score by understanding how its calculated and what you can do to maintain it in future. So, ...Continue reading

14.01.2022 7 Steps To Improve Your Financial Situation You’re not the first person who has fallen on tough times, and you certainly won’t be the last. Given the enormity of the problem, you’d be forgiven for resigning yourself to a life of missed opportunities and mounting debts. It doesn’t have to be this way. With a little planning and a lot of discipline, you can improve your financial situation and begin making tangible investments in your family’s future. Start by following these s...Continue reading

14.01.2022 How to deal with financial stress - nearly 1 in 3 affected Close to one in three Aussies is feeling the pinch financially, with money worries reportedly leading to sleep loss, conflicts in relationships, isolation, as well as a range of other things1. These were the findings from the inaugural Financial Stress Index, compiled by global research firm CoreData on behalf of Aussie group, Financial Mindfulness, which indicated financial stress is not only being experienced by low...Continue reading

13.01.2022 Invitation for Tax Planning to reduce your 2020 tax. To anyone who hates paying too much tax, We would like to help you reduce your tax in 2020 giving you more money back for:-... Having a family holiday, Extra payments against your home loan, Paying off your credit cards, Buying that special item youve been wanting or Topping up your superannuation/investments. Tax Planning involves 2 key things: 1. Strategies to reduce your tax, and 2. Planning for your upcoming tax payments over the next 12 months. To properly help you with your Tax Planning, we need to start NOW. OUR PLAN TO HELP YOU. Here is the Plan we have developed to assist you over the next few months leading up to 30 June 2020: MAY 2020 Well review your personal income for the 9 months to 31 March 2020, estimate your personal income for the entire 2020 year, and develop some tax planning strategies to reduce your tax. JUNE 2020 Well contact you and ensure that all important actions have taken place to reduce your tax. PRICE Proposal for Tax Planning starts at $500 + GST. We estimate that the tax savings and other benefits you will receive from our advice will be far greater than the price of our Tax Planning service! NEXT STEPS Please give John a call on 02 8806 3553 ASAP to let us know if you are interested in saving tax with our Tax Planning advice and assistance. Our Tax Saving and Tax Planning advice is entirely optional, but we strongly recommend it. We look forward to hearing from you soon!

13.01.2022 A quick question for you. What type of things would you like us to write you about? Tax information, budgeting, how to save money during the year, etc. You tell us and will try to find information for you and post it over the next couple of months.

13.01.2022 Should you give your teenager a credit card? We live in a culture of smartphones, WIFI, home delivery, online shopping and online gaming, where most needs and wants can be met almost instantly. With so much temptation to spend, its vital to teach your kids the money skills to help them enjoy financial wellbeing as adults. But should you give your teenager a credit card? Pre-paid, debit or credit?...Continue reading

12.01.2022 5:2 savings plan Most of us have heard of the 5:2 food fast. By feasting for five days and fasting for two, the lifestyle-based diet provides an alternative to the traditional, calorie-restricted eating pattern we may have heard of. ...Continue reading

12.01.2022 KEEP US INFORMED Action is the foundational key for all success. ~ Pablo Picasso... Life can change pretty quickly and for many of us these changes can affect both your personal and financial lives. To ensure we can maintain active and valuable guidance, consultation and advice, that keeps you in control, please let us know when any of the events listed are about to occur in your life:- Having a child Borrowing money Changing career Buying a business Losing your job or income Paying off a loan Getting engaged Suffering an illness or injury Receiving a financial windfall Getting married Receiving an inheritance Getting divorced Purchasing a property Graduating Selling a business Selling a property Starting a business Getting a significant pay increase We can help you to plan effectively for these life events. To discuss any potential changes in your circumstances please contact 02 8806 3553 to organize a time to talk with John. Not a client of ours, we are still happy to talk to you and see if we can help who knows, you might like us and want to stay!

09.01.2022 5 common financial mistakes to avoid during a crisis The economic impact of the COVID-19 pandemic is playing havoc with finances for many households. Fran Hughes CFP, Head of Financial Solutions at Nexia Perth offers five ways to limit the impact at this challenging time. With Australia recording a spike in the unemployment rate of 6.2% due to the coronavirus, its only natural that households feel under enormous financial pressure and face uncertainty about their future. Pe...Continue reading

09.01.2022 Six steps to building good financial habits How financially secure do you feel? Recent research1 into Australians’ financial wellness - which is a person’s satisfaction with their current and future financial situation revealed that people with good financial habits feel more financially secure. It sounds like a no-brainer. But adopting good financial habits isn’t always as easy as it sounds, start building good financial habits with these six steps....Continue reading

09.01.2022 Teaching your kids about personal finance in the age of digital money In 2019, learning about money means mastering tap-and-go payments, online shopping, in-game app purchases, mobile phone bills none of which involves cash actually changing hands. Dante De Gori is chief executive officer of the Financial Planning Association of Australia and a father of two. If youre worried about your children gaining the knowledge to navigate this brave new world of spending, you have hi...Continue reading

09.01.2022 Withdrawing Super: what to consider The federal government has been releasing details of financial support available to Australians who have lost income due the economic impact of the COVID-19 pandemic. A huge number of us have been affected in some way and many have been left feeling stressed and confused about what to do to keep afloat. Although concern about money isnt the only problem were grappling with, financial stress is likely to be on the rise, even among those o...Continue reading

08.01.2022 Are you a money pushover? Being loyal, generous and spontaneous are all positive human traits. But if youre spending more than you need to because you cant say no, then it could be time to own up to being a money pushover. Get tips on how to stop compromising on your finances and start standing up for yourself. If youre shy about coming forward to collect money youre owed and always the one picking up the tab after a night out with friends, chances are your finances aren...Continue reading

07.01.2022 6 Essential Banking Terms You Should Understand Louis Costello Many of us have hit that stage in life where the topics of finance, banking and savings cross our paths far more often than we’d like. It simply comes with the territory of being an adult. The older you get, the more you have to take on responsibilities that you could usually palm off to your parents....Continue reading

07.01.2022 How to Talk About Debt as Newlyweds By Kate Dore Some folks may avoid debt because they worry about judgment or starting a fight. But as newlyweds, it’s critical to discuss these topics, even when it’s uncomfortable, because it could impact your finances as a couple. Here are some ways to tackle the subject and craft a payoff plan together....Continue reading

07.01.2022 ARE YOU WORKING WITH YOUR ACCOUNTANT EFFECTIVELY? We have a great idea for you to use some of the down time that some people have right now and save time when it comes to tax time. Get your paperwork together now, as far as you can, and then it will be that much easier at tax time when you are trying so hard to restart businesses or trying to keep the job that you have now. How much of the paperwork that the accountant is going to be asking for has just been pulled out an...d sorted for the endless paperwork for Jobkeeper payments? Most likely a lot of it so get a folder and put it in there ready for tax time. We have some ideas that might help you to save time, money, and stress when it comes time to talk to your accountant, and this should not only be at tax time a good accountant will be able to assist with many other matters and decisions about your business. Have you thought about asking them to help you with a review of your business plan, a review of your annual budget and how to stick to it, loans that you might need to take out from time to time, any paperwork that you need to complete for government bodies, etc. You are very good at what you do and so should your accountant. You dont need to be a guru on every single area of your business, just the main one, and the rest? thats what you pay other professionals to do, including your accountant. Are you one of those business owners who sit up night after night, falling asleep over the books? Do you think it is time to rethink this strategy? Instead of falling asleep trying to do the books, put all the paperwork together in one place, call your accountant for an appointment, and let the expert take care of it for you. Keeping yourself organised so that you can talk to the accountant about the main issues that you are needing help with, and staying on track, will save you money, time, and stress. Write your own agenda for the meeting and send it to the accountant in advance so they can be ready if they need to do any research for you. They will most likely have checklists that they can send you to help you bring all the necessary information. If you want to talk to someone who can help you with all of the items mentioned above, and sometimes more, call for an appointment with John today on 02 8806 3553. Photo by Johanna Buguet on Unsplash.

07.01.2022 Benefits of isolation for you and your wallet (part 2) Success is where preparation and opportunity meet. Bobby Unser. Saving money is not for just one person in a relationship to organise its a shared responsibility. So, why not bring your partner along for the ride with you? Or maybe youre flying solo and need to do it on your own. Not sure where to start, how you sit down one night and ask where they think you are going and how you will get there. This will ...Continue reading

06.01.2022 Why its important to think about insurance ahead of retirement Finding the right level of insurance cover is important when youre thinking about retirement. If retirements coming up on your horizon, the impact of COVID-19 (Coronavirus) may have thrown a warehouse-sized rack of spanners in your planning. It makes sense to concentrate on things you can control, such as insurance. Too-high premiums can chew away at the foundations of your savings, at a time when theyre more ...Continue reading

06.01.2022 How has COVID-19 changed Australian consumer spending habits? Australian spending habits have changed markedly in the last few months. Consumers continue to worry about the strength of the economy, the duration of the pandemic and overall public wellbeing. But while Australian consumer spending remains slow, were seeing signs of recovery across most categories and grocery spending, in particular, is finally stabilising. With restrictions easing in some states, some Australia...Continue reading

05.01.2022 The Big Differences between the Great Depression and Covid-19 Global economic activity has grounded to a halt, prompting fears the world is in for a re-run of The Great Depression. While there might be similar scenes, the parallels are not as strong as you may think. Without a doubt, countries worldwide are in for sharp, deep recessions as they rightly sacrifice economic growth in the name of healthcare. This includes the worlds largest economy, the United States. Huge as t...Continue reading

04.01.2022 COVID-19: video tech for witnessing legal documents 22 April 2020 Video conferencing technology like Skype, WhatsApp, FaceTime and Zoom can now be used in the witnessing of important legal documents like wills, powers of attorney and statutory declarations under a new regulation made this morning by the Governor.... Attorney General Mark Speakman said the new temporary regulation, made under section 17 of the Electronic Transactions Act, will help reduce face-to-face contact during the COVID-19 pandemic. Thousands of legal documents are executed every day in the presence of one or more witnesses, but COVID-19 restrictions have made it difficult for many people to do so in person, Mr Speakman said. Our first priority is always the safety and wellbeing of NSW residents, which is why we are changing the way these documents can be witnessed while the pandemic endures. Under the new regulation, a witness must see a person signing the document in real time to confirm the signature is legitimate, but now they can do so using video conferencing technology. The witness will sign the document, or a copy of the document, to confirm they witnessed the signature. This could be done on a hard copy that is scanned and sent to the witness or on an identical counterpart of the document the signatory signs. Traditional methods of signing and witnessing these documents remain valid while the regulation is in force. These changes will make it easier for people to stay home and reduce physical interactions, while still completing important transactions. To facilitate the witnessing of NSW statutory declarations during COVID-19, the categories of people who are authorised to witness documents has been expanded in line with federal legislation. Stakeholders including the judiciary, the Law Society of NSW, the NSW Bar Association, Justice of the Peace associations and other relevant professional bodies were consulted on the changes. The Government will continue to consult with stakeholders about options for allowing certain documents to be signed and executed electronically. nsw.gov.au//covid-19-video-tech-for-witnessing-legal-docum #witnessinglegaldocs; #covid19; #legalthings; #legalpapers; #signingdocs; #electronicwitness

04.01.2022 This article is something a little different, maybe, but we have been talking a lot about budgeting and I thought that this might help you with this. Here’s When All Your Fruit And Vege Is In Season In Australia By Kate Venman...Continue reading

04.01.2022 Should You Keep That Document or Shred It? By Thorin Klosowski and Joel Cunningham We all get a ton of junk in the mail, whether debit card applications, insurance papers or a 60-page retirement fund report from a job you had 10 years ago. Thankfully, deciding what you need to keep and what you can safely shred is simple. And depending the type of documents you’re dealing with, you need to store some of them for certain periods of time; others you can digitise, and still othe...Continue reading

04.01.2022 Four ways to declutter your finances Ready to discover the life changing magic of simplifying your money management? Taking the lead from minimalism guru Marie Kondo, we bring you a step-by-step guide to applying decluttering principles to your finances. Less really is more Of course, were not talking about giving all your money away to make life simpler. But simplifying your finances will almost certainly make it easier to stay on top of money matters. When youre dealing w...Continue reading

03.01.2022 Buy Now Pay Later pros and cons With BNPL services taking over from credit cards, is Christmas spending easier or harder to keep in check? Find out how BNPL can impact your finances, in the short and longer term. Thanks to the $25 billion we spend on Christmas as a nation, it’s not surprising that many Australians can expect to have a debt ‘hangover’ that lasts well into the following year. In January 2019, Finder estimated the average Australian was carrying $1863 in post-C...Continue reading

03.01.2022 Make Your Super Last Australians enjoy one of the highest life expectancies in the world, which means you can look forward to a long and comfortable retirement. While thats fantastic news, it also makes saving for retirement more important than ever. Indeed, the majority of Australians over age 40 who are yet to retire are concerned about not having enough money to live on, with many recognising they need professional assistance to reach their retirement goals....Continue reading

02.01.2022 How to trick yourself into saving money Impulse purchases and buyers remorse often go hand in hand. But if you take a week (or a month) to reflect on your spending, you could see a noticeable boost in the funds accumulating in your savings account. Enter, the Seven-day Rule. Dont reply to text messages after youve had a glass of wine and take a deep breath before confronting someone when youre upset. These are both common social strategies relied upon to make you think ...Continue reading

02.01.2022 How to make a financial plan A financial plan can help you build wealth over time, aiding the protection of your financial future. If that sounds like a good idea, it could be good to find a trusted financial adviser who can help you on this journey. Australians are increasingly recognising the value of financial advice with 27 per cent having received financial advice and 41 per cent of us intending to seek the expertise of a financial adviser in the future....Continue reading

01.01.2022 5 time-saving tips for small businesses Running a small business can be all-consuming. You alone are responsible for making sure that everything runs smoothly, to the delight of your customers. This can mean that you have to put in a lot of time at work. This obviously eats into your own personal time, potentially leaving you with not enough space to really relax and unwind, which can lead to health problems further down the line. Have a read through our five time-saving tip...Continue reading