Finance News
With the end of financial year now just 5 business days away, here are three quick super things to consider over the next week: If you’re self-employed and looking to BPay your super payment, you’ll need to get cracking pretty quickly. Keep in mind that the payment is not based on what date it leaves your account, but the date…
Read the rest of the entry »I’ve got good news, and bad news. The good news is we’re all about to get a superannuation increase! The bad news is that despite it being only weeks since JobKeeper ended, Australian businesses are about to be slugged with the cost increase. This super increase was supposed to happen on 1 July 2020 but was pushed…
Read the rest of the entry »In about 5 months’ time, every business that employs staff will face an increase in costs, namely superannuation. On 1 July, employers have no choice but to provide their employees with the first 0.5% increase in the government’s plan to grow super contributions from 9.5% (as they are now) to 12% by 2026. …
Read the rest of the entry »We have seen an amazing recovery from the Australian economy over the past few months, and now we’re seeing some real proof of positivity returning to business as we approach the holiday season. Survey results from both the ANZ and NAB have shown that business conditions are at a 20-month high, and we are…
Read the rest of the entry »We’ve spoken a lot this year about business stimulus programs, JobKeeper, support for employers and ways of adapting your business for the future. But I’d like to talk about superannuation this week, and specifically an important deadline that is fast approaching for small business: the government amnesty on superannuation underpayments. The government has clearly recognised…
Read the rest of the entry »At the stroke of midnight just a few hours ago, we put last year behind us and took our first strides into the future. Overall, I think FY2019 was a good year, with significant positive momentum since Christmas, and in particular following the federal election result in May. This is borne out by the numbers,…
Read the rest of the entry »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…
Read the rest of the entry »REIV has released its Top 10 Suburbs to watch in 2017.: Hoppers Crossing – Outer south west suburb with median house price growth of 15 per cent in the past year, despite a high number of transactions. Solid auction activity (84 per cent clearance rate) and a relatively tight private sale market (median of 28…
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