The Sharemarket & The Looming Election

Posted on Friday, June 28, 2013
). In our view, bringing forward the election is good for the country. It has the hope to deliver a clear majority to the winner that gives them unequivocal power to pass legislation though the lower house. It’s more difficult to speculate on the composition of the Senate, but the change of Labor leadership probably makes it more difficult for the Coalition to control this house of parliament. Furthermore, any new Senators that will be elected this year won’t take their seat until 1 July 2014 and this means that even if the Coalition gains control of the Senate it will be difficult for them to pass legislation prior to that date. 
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Private Health Rebates - Do You Qualify?

Posted on Monday, June 17, 2013
Most Australians with private health insurance currently receive a rebate from the Australian Government to help cover the cost of their premiums. The private health insurance rebate is income tested. The table below details the different rebate amounts and Medicare Levy Surcharge levels at 1 July 2012. Read the rest of entry »

Family Trust Distributions Need To Be Minuted By 30 June.

Posted on Wednesday, June 12, 2013
Warning -

If you have a family trust, remember that your trust distributions need to be minuted by 30 June. This year’s federal budget has given the ATO war chest an additional $68 million to crackdown on trust structures and their uses, so it is vital that your trust and distributions are compliant. Please contact us, your accountant or your lawyer if you have any queries.

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Common BAS Errors - Business Portal

Posted on Sunday, June 2, 2013
Common BAS errors - Business Portal Read the rest of entry »

Winners and Losers From Our Falling Dollar

Posted on Sunday, June 2, 2013

 Stock market implications

The 6% fall in the AUD/USD is good news for the domestic economy stock market in general. We estimate the S&P/ASX 100 would see a 3% rise in NPAT from a 10% depreciation in the AUD. Healthcare and materials have the most to gain, while consumer discretionary and energy also benefit. Industrials would see a dip in earnings, but this is mostly due to one stock (QAN) and its large USD cost base. Read the rest of entry »