Finance News
The banking Royal Commission has revealed some shocking details about the behaviour of Australian banks, however the report has protected small businesses. Yesterday the banks rallied in terms of share price and with no major fines or bans Australian shares rallied today, led by the big four banks, with investors seemingly relieved that the financial…
The federal government recently announced an increase to the instant asset write-off threshold for small business from $20,000 to $25,000, effective immediately. The PM has done this in a bid to buy the votes of small business owners in the lead up to this year’s federal election, which he is widely tipped to lose…
On Monday morning you might have found yourself sitting in a café, sipping on an over-priced latte, wondering why the business even bothered to open if it needed to charge an exorbitant public holiday surcharge to cover its costs. Good question. The simple fact is, for some businesses it doesn’t make sense to…
January can be an expensive time of year, with school books, uniforms and fees all coming at the same time. Then there’s the sport costs as well – subs, equipment, uniforms – it can be really expensive. But it doesn’t have to be that way! Last Friday I shared some tips to drive down the…
Last week I joined an independently run advisory board of like-minded people in finance discussing the issues facing our industry. We all agreed the job losses have not really begun, and that the end loser could actually end up be the consumer looking and needing financial advice because advisers costs will be too high to…
Treasurer Scott Morrison has handed down his third Federal Budget tonight with the likelihood of a Federal election within the next 12 months, the Budget features many more “winners” of government funding than “losers”. WINNER: Low- and middle-income earners Under the 7-year tax reform plan which Labor have said they will support “in its first…
What is the royal commission? The banking royal commission was established in late December, after years of public pressure from whistleblowers, consumer groups, the Greens, Labor, and some Nationals MPs. Its first public hearings began on 13 March, and they will run at irregular intervals through 2018. The royal commission has been asked to investigate…
Since Donald Trump got into office the Dow Jones has risen more than 25%, equating to more than US 6 trillion in value and he has then passed the most significant tax reform in more than 30 years. Our new nickname for him – he is the Uber In The Whitehouse. His whole purpose is…
