Finance News
Cyprus has become the fifth Euro zone country to seek financial assistance. Cyprus needs around €1.8b (10% of their GDP) by the end of the month. The country’s second biggest bank Cyprus Popular Bank said their balance sheet has been heavily hit by bad Greek debt. Fitch credit rating agency has recently downgraded Cyprus’s…
Thinking about establishing a business? In my opinion there are two main entities which you may look to utilize. You can either trade via a “Unit Trust” structure or a “Company Pty Ltd” structure. What is a Unit Trust? A Unit Trust is similar to a Family Trust but is generally used for business purposes rather than…
The latest news reports that we have seen this morning indicate the conservative party that backs keeping Greece in the eurozone has won the country’s election and immediately proposed forming a pro-euro coalition government. The development eases, at least briefly, deep fears that the election would unleash an economic tsunami. As central banks stood ready…
Not long until June 30 now so here are some small business owners tax tips for the coming year In my opinion small business operators need to be more proactive with the help of their public accountant to make the most of ever changing tax rules and tax-saving opportunities. Ideally, astute small business owners should be…
Much better than expected employment figures combined with Wednesday’s GDP result to paint a much rosier picture of our local economy yesterday and the Australian dollar rallied accordingly. Following the release by the Australian Bureau of Statistics showing an additional 38,900 jobs were added to the economy during May, the Aussie jumped from pre-announcement levels…
Across each major capital city the unit market has been more resilient to falling values over the past year compared with detached houses. This would seem to suggest that affordability barriers in the market are encouraging home buyers to look for more affordable housing options such as units and townhouses. This is highlighted…
This note looks at the state of the world economy, with recent developments suggesting that it is back in the “danger zone” referred to by the IMF and the World Bank last September, and focuses on alternative scenarios as to how it may pan out and what that would mean for various asset classes. Key points…
TIP 4 – GET THE SUPER CO-CONTRIBUTION This year is your last chance to get up to $1000 of free money from the government if you make a non-deductible super contribution and claim the government co-contribution. Next year, the maximum co-contribution is being halved to $500. Many middle-income earners will also miss out on the benefit…
