Talking Concepts

December 2020

Office Update

No face to face meetings until 2021, but business as usual.

With current concerns related to COVID-19 we are keeping our office closed until the new year.

However our office remains fully operational and contact can be made via email, phone and conference calls.

In the new year we will re-open our office with some changes in accordance with the health guidelines.

We hope that you and your family have all stayed safe during the pandemic

Dates to Remember

20 December– Lodge & pay November 2020 monthly activity statements

23 December– 4pm office closes for Christmas break

11 January– 8.30am office re-opens

28 January– Superannuation Guarantee contributions for December quarter due

28 February– December 2020 all quarter BAS are due NO EXTENSIONS

Interest Rates

Interest Rates that start from…

1.89% p/a Fixed Rate
2.94% p/a Comparison Rate

Based on our lender panel, Suncorp’s 2 Fixed Year Home Package Plus Rate, provides the most competitive Interest Rate. Interest Rates are correct as at 03/12/2020 and subject to change at anytime. The comparison rate is based on a loan amount of $250,000, over a 30 year term. 

Merry Christmas

Christmas is about spending time with family and friends. It’s about creating happy memories that will last a lifetime.

Our sincere thanks for everyone’s loyalty throughout this very tough year and we look forwarding to working with you again next year.

Merry Christmas to you and your family.

Christmas Cracker Jokes

What do you get if you cross Santa with a duck?
A Christmas Quacker!

Who is Santa’s favorite singer
Elf-is Presley!

Why did the turkey join the band?
Because it had the drumsticks!

Advertise in this space

Would you like to advertise your business here.

Our Newsletter goes out via email to nearly 2000 recipients

myGov Account

Do you already have a myGov account?

If not it may be time to set one up.

Your also need to log onto your myGov account on a regular basis to check for notices received.

The Australian Taxation Office are now uploading most tax related documents to your myGov account. These may include:

  • Your payment summary (Group Certificate).
  • Your Income Tax Notice of Assessment
  • ATO Statement of Account
  • Changes to your PAYG instalments
  • Other ATO notices

These notices are no longer being sent to our office, instead they are being uploaded to myGov accounts.

If you miss downloading a notice that requires payments, you run the risk of receiving penalties for late payment.

To set up a MyGov account you will need an email address

Relay for Life 2021

Concepts & Results will again participate in the Cardinia Relay for Life which will be held in March 2021. Our team will walk in a relay, keeping at least one member of the team on the track for 18 hours. Everyone knows someone who has been affected by Cancer and raising money for the Cancer Council to help them find a cure is something that our team is very passionate about.

In 2020 we raised over $17,000. We know that because of COVID-19 we are not going to be able to achieve anywhere near this amount in 2021, however we will do our best as a team.

If you would like to support our team, you can:

Donate (tax deductible) to the team. Search Cardinia Relay for Life – Team name Concepts & Results

Donate goods or vouchers which we can use as raffle prizes or Auction items

Scams & Cybercrime

Scams trick you into paying money or giving out your personal information.

Scammers often pretend to be from trusted organisations like the ATO

If you receive a suspicious phone call, email or text message (SMS) you should NEVER provide any personal information, NEVER click on a link within an email or text message or open any attachments. You should delete the email or text message immediately.

Watch out for online shopping scams this holiday season. There has also been an increase in scams mentioning Coronavirus.

You can report scams and cybercrime to:




A Cost Effective Strategy to Protect Your Assets

Living in a pandemic has made us rethink not only how we do business, but how we protect everything we have built over the years. Most people have built their castle with their family home, superannuation, investments, business and lifestyle assets plus the equity in their business which can amount to millions of dollars without considering any asset protection at all.

Going through a pandemic makes you realise just how vulnerable you are and how exposed your castle can be. The thought of you and your family not being able to enjoy all that you have built and achieved  if something terrible happens, is now more apparent.

Asset protection in the past seemed only available to very wealthy individuals as it meant transferring assets to structures like a family trust which involved changing of titles, stamp duty and capital gains tax implications, contracts and legal fees, which can be a very expensive exercise.

Starting to build an impenetrable moat around your castle by protecting your assets, from the unforeseeable dangers that continually loom, is a smart choice especially if you run and operate a small business.

We have some good news. For a long time now, Phillip has been working with the legal team of Abbott & Mourly and their online legal documents platform that has revolutionised the legal profession. They have made available a solution called The Protector which is an amazing Asset Protection Strategy without the extreme stamp duty, tax costs and legal costs.

The Protector is perfect for any business owner, professional and persons with assets they wish to protect against litigation or challengers to their estate under the Family Provisions Act.

To find out more about this strategy email the word “Protector”.

Having an Enduring Power of Attorney Could Not Be More Important Today

The Coronavirus has had a massive impact on society. This pandemic has led to many of our clients, Australians and for that matter people across the globe to re-think what would happen if they or members of their family get sick, and in particular, what about the elderly members of the family over age 60 who seem to be more susceptible

We don’t have answers to these questions but what we do know is that it is important, if not vital, to ensure, while fit, competent and able that you safeguard your financial affairs by giving a spouse, relative or close associate your enduring power of attorney (EPOA). This enables your EPOA to act on your behalf if you become sick, are quarantined for a long time or become incapable of managing your financial or health affairs. In addition your EPOA may be given the power to take your position as trustee of a self-managed super fund if your deed allows. Each State has its own EPOA legal requirements which we are on top of.

Apart from an EPOA, it is also important to put in place a Will or revisit your Will if it has not been looked at in the last two to three years. The coronavirus shows us that change can happen quickly and we must prepare for change. A great safeguard, at this very moment is to put in place an Enduring Power of Attorney and create/update your Will and that of your closest loved ones. So many young families have neither document, relying on the Courts to solve these issues and as you can see from recent times, this is not ideal with backlogs and even the quarantining or closure of some Courts.

We have teamed up with Lawyers and specialist estate planning advisers, Abbott & Mourly to provide an EPOA and Wills package not only in these challenging times but ongoing. We have been suggesting it to clients when we do reviews but now see the absolute importance of implementing it for all of our clients and their families. Having EPOA’s and a current will is too important to leave for another day given the circumstances we find ourselves in.

The Process is simple and quick if you get your EPOA and Executors right

The person who you nominate as your EPOA can also be the Executor of your Will to ensure safety, certainty, security and continuity. It may be more than one – known as joint EPOAs and Executors. The person or persons you choose will look after your financial, health and super affairs in the event of an illness or death.  In addition they will be tasked as Executor with looking after your estate upon your death, managing any of your specific gifts such as property going to one or more family members, jewellery to grandchildren and well anything you desire. They can also limit any disposition of your estate to your lineage – which is your direct descendants or to bloodline only which may include brothers and sisters in the event that a main or specific beneficiary is not alive.

mportant: Build a line of EPOAs and Executors: Abbott & Mourly lawyers advise that you should provide a successor EPOA and Executor in case, when the time comes, the person or persons you appointed cannot or might not want to take up the role you have endowed upon them. And it does not hurt to have a second successor EPOA and Executor. Safety, certainty and security are paramount. If something happens we want to make sure your family are looked after quickly.

Concepts & Results has put together a Special EPOA & Will Package.

If you have not prepared your EPOA’s or a Will or it has been quite some time since you prepared a Will then we strongly recommend that together we undertake a fast and simple Five Step Process to implement your EPOA’s and Will:

  1. Sign an authority to proceed.
  2. Complete a pre-interview data consideration form to help you think about some of the questions before our interview meeting.
  3. We then contact you and book our interview meeting and together we will input the relevant data into our online EPOA and Will document to ensure it is tax efficient and covers all the bases.
  4. Review and amend the EPOA’s and Will.
  5. Execution process.

*If need be, depending on your family circumstances or special conditions that may be required in the documents, we may need to have a meeting or teleconference with lawyers from Abbott & Mourly to check the EPOA and Will and provide legal sign off.

We are very busy at the moment but our client’s EPOAs and Wills are the top of our list of priorities. If you would like your children and their spouses covered with EPOAs and Wills we have a special family offer – just call us.

If you are interested in using this service, please send an email to with the subject line EPOA and Wills.

This service is designed for people who;

  • Have not got a will
  • Have not reviewed their wills for more than 2 to 3 years
  • Have turned 18 years old
  • Have got engage or married
  • Have children under the age of 18
  • Have disabled or challenging family members
  • Have separated or divorced
  • Have set up new business or investments structures
  • Have an existing business
  • Have established a SMSF
  • Have purchased a number of assets
  • Have life insurance within super
  • Wish to have a clear process of distributing assets to your bloodline or to specific people in the case of death

There is no time to waste and the relief of getting these documents completed will take a lot of weight off your shoulders.



Special Offer Per Client / Document











Testamentary Trust










Visit us

Want to discuss the above face to face? Come visit our specialised team members to find out more.

612 Warrigal Road, East Malvern PO Box 61, Holmesglen, Vic 3148

Call us

Have any questions? Further discussions on the above can be may be held over a telephone appointment.

(03) 9569 5676

Contact us

For any and all queries regarding the above, you may contact Concepts & Reuslts by emailing us