Finance News
An interest rate cut is what we need and tomorrow I think we will get it. I have predicted correctly since August 2016 when I predicted the cut, and tomorrow I am predicting another one. Weak inflation data is certainly a factor, but unemployment rising to 5.2% was the final straw. My retail clients are…
Are you paying your GST? I certainly am! Despite this, a slowdown in GST revenue as shoppers shut their wallets is giving fresh impetus to the Reserve Bank to drive ahead with cuts to official interest rates, while forcing the Morrison government to rely on workers and their superannuation to repair the budget. A breakdown of Finance Department…
We are just as surprised as you! Last week we were drafting franking credit emails, looking at alternative options for retirees, and contemplating negative gearing changes. Now all of that is in the bin – for the moment. The next issue for the Coalition is that given that they went into the election with a…
Yesterday’s twist in the federal election campaign saw both sides of politics promise first homebuyers a home loan guarantee of 15%. This means that a buyer would only need to gather a 5% deposit in order to buy their first home, with the government guaranteeing the remaining 15% to the bank, totalling a 20% deposit…
We’re two weeks out from the federal election and the Labor party have announced their package to woo the vote of business owners, as well as workers on the top and bottom of the age spectrum, by offering an incentive to employ younger and older workers. Under Labor’s plan, a small business will gain an…
I suspect you’ve heard the phrase, “vote early, vote often”. Well, from today you get your chance on at least the first part of that statement, with early voting centres across the country throwing their doors open for the first day of voting in the Federal Election. It sounds great: most of us would rather…
As a sporting tragic, it’s safe to say I’ve shed a few tears over the weekend, with Winx and Tiger woods cementing their places in history as the GOAT in each of their sports. However, the next little while will see some tears spilled by small business owners across Australia for less happy reasons. In…
Last night Treasurer Josh Frydenberg handed down his first budget, which he hopes will be enough to get the Morrison government re-elected next month. Major tax cuts are the big candy, but don’t get too excited, as the majority of last night’s budget promises will only will be delivered if the Coalition win the Federal Election…
