Finance News
With a week till June 30 a lot of the conversations we’re having with clients right now are about tax deductions, and what you’re entitled to claim back from the tax man. With tax deductions, every little bit counts. Prepaying your expenses can bring forward your tax deductions so you don’t need to wait another…
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We’ve spoken a lot recently about interest rates and inflation, with the Reserve Bank hinting repeatedly last year that it doesn’t intend to increase the official cash interest rate until 2024. But it appears the tides are changing, and that interest rate increase could come sooner than expected. Last night on Money News I interviewed…
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The last two financial years will long be up there with the worst, as far as uncertainty is concerned. But despite all the uncertainty many investors, particularly those in superannuation, will see returns in excess of 15%. This is obviously a great result, considering the global pandemic and associated recession. So what’s the outlook for…
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In a few hours’ time we will be saying happy (financial) new year! But is it? I suspect for many individuals and businesses, there won’t be many celebratory fireworks. Of course, the major concern that we all still have is the various variants of the COVID virus doing the rounds, and our relatively low vaccination…
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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…
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So lockdown is being eased again – excellent. But lockdown or no lockdown, the rest of Australia beyond Melbourne continues to tick along as COVID-normal, which means we’re rapidly approaching the end of financial year and everything that comes along with it. It’s going to be a hell of a year for tax planning, in…
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Well, here we go again! As you will likely have heard, Victoria has been put into yet another “circuit breaker” lockdown, this time for 7 days. There are only 5 reasons to leave home: the 4 we’re used to, plus to go get vaccinated. Obviously the impact on Victorian businesses will be immense, with other states…
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Last night’s federal budget is a far cry from the pre-COVID budgets of this government. They were all about paying down debt. This budget is about spending our way out of the COVID crisis, with very little regard for the growing debt and deficit, obviously until unemployment is under control. There were a few highlights…
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