About Us

At Preston Coe & Ring it isn't just about the numbers, it is about you and what you want to achieve in life. We have a saying "Living for today, saving for tomorrow and protecting in between"; that really symbolises what we are about. We help our clients Live Life and guide them through the journey with our skills and expertise as trusted business advisors, accountants and financial planners.

If you are new and considering using Our Services please look at the Our Clients section. Here you will find some useful information and get an understanding of our culture. Like anything we enjoy working with like-minded people with whom we can really help. You will find some great client testimonials by clicking here.

If you have visited before welcome back and I hope you enjoy the visit.

How We Help

Starting Today

The start of the journey

Business & Accounting Tax

  • Xero
  • Tax Planning
  • Tax Returns
  • Financial Statements
  • Asset Protection Review
  • Risk Management

Individual Client information

  • Assets & Liabilities
  • Income and Expenses
  • Initial Goals
  • Estate Planning

Plan For Living Life

What you are aiming for

Budgets
Business Succession
LifePlan
When You're Gone Plan


Strategy Advice (Financial Advice)

  • SMSF
  • Insurance
  • Super
  • Property
  • Shares/Managed Funds/Gearing
  • Debt Reduction
  • Home Loans

Staying On Track

Measure, review, adjust

Business Management Reports
Board Strategy Meetings
Business Annual General Meeting
Business Succession
Asset Protection Review
Update Budgets
Update LifePlan
Review investment Strategy

Live Life

Like you dreamed it!

Holiday Plan
Family Goals
Upgrade House/Cars
Lifestyle Spending
Future Generation Planning

Testimonials

Preston Coe & Ring's help with my tax and finances has made it less stressful and given me more free time for the things I enjoy

Andrey Yuvchenko.

Preston Coe & Ring helps provide me predictability and new ideas to help with my finances, thus giving me security to have a better life.

Manoj Kumar.

Preston Coe & Ring make it easy to do tax and compliance as well as give good advice on major purchases like a car or business.

Michael Ibragimov.

Preston Coe & Ring make tax easier by making sure it is right and help reduce our tax where possible. This gives me more time do things I would rather be doing

Ron Ritson. Ritson Building Designs

Preston Coe & Ring have helped put us on the right road to tomorrow in doing this we have been able to achieve some personal goals much sooner than we thought possible.

Steve James.

View All Testimonials

Blog

May 25

Use Tax Money to pay for your Share Portfolio!

Posted by Peter Marmara-Stewart at Monday, May 25, 2015

Apart from the usual general tax planning strategies (eg. incur business expenses prior to 30 June to claim a tax deduction this financial year), there are only 2 main ways to reduce your tax:

1. Increase superannuation contributions; and

2. Prepay interest on borrowings for investments before 30 June.

This article will focus on this second item.

With interest rates low we have seen a significant amount of interest by investors looking to leverage back into the share market with the benefit of capital protection and tax efficiency.

This coupled with a reduction in volatility of shares and reduced borrowing costs have made share investments as attractive as ever.

Here's how this strategy works:

You borrow an amount (say $50,000) from the bank to purchase $50,000 of blue chip shares before 30 June. Some banks will lend you a further amount for you to use to immediately pay back to them to prepay interest on the original $50,000 loan for the next 12 months.

Assuming an interest rate of 8.5% and that your individual tax rate is 49%, using this strategy would result in a new tax deduction for you of $3,475. This would result in an additional TAX REFUND to you of $1,702.75.

You receive all dividends from the shares throughout the year.

You cannot lose your Capital!

If you use a borrowing product such as the Macquarie Geared Equities Investment, your shares are 100% protected. This means that if the share market goes down, you don't lose any capital. And your shares go up in value, you keep all of the upside.

This is ideal for investors who want to have share investments but who don't want to have any chance of losing their capital.

Here is a brief summary of the features of the Macquarie Geared Equity Investment (note that other protected share investments have similar features):

• 100% leveraged and capital protected via a Limited Recourse Loan
• Interest cost deductible up to benchmark RBA limit (currently 6.95% p.a.)
• Menu of around 80 ASX listed securities, ETF's, LIC's or pre-selected portfolios put together by Macquarie Research
• Full dividend and franking entitlements
• Terms ranging from 1 to 5 years
• Each security protected in its own right so no netting off winners and losers. Winners are kept and losers are handed back.
• Minimum investment $50,000 equities
Interest rates are dependent on the stocks chosen, the term of the investment, and the interest type (fixed or variable).

Your Action Plan
If you are looking for some tax relief by leveraging back into the share market, but want the added security of 100% capital protection, contact us TODAY and our highly qualified Financial Planning team will discuss your financial circumstances with you and provide you with a Statement of Advice tailored to your circumstances.

In summary, instead of paying some tax, you can use this money to prepay interest on a loan for shares with full 100% capital protection for the shares.

It's a great option to consider - contact Preston Coe & Ring TODAY to implement this strategy before 30 June and save tax!

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