Market Wrap

Each month we publish Market Wrap, a summary of the previous month’s local and international economic highlights. Economic and Market Overview Inflationary forces continued to intensify in key regions, which suggested interest rates could be raised more quickly and more aggressively than previously anticipated. Government bond yields continued to rise sharply, resulting in negative returns from fixed income markets. The likelihood of rising borrowing costs also appeared to spook equity…  Read more

Preparing for end of financial year

As we approach the end of the financial year, there are a number of smart strategies you could consider to help you streamline your finances and legitimately reduce your tax liability. Our team has prepared a detailed guide to assist you in ensuring you can tick off all the strategies relevant to you. You will find information for: Individuals insurance premiums work-related expenses investments – prepay loan interest, deduction for…  Read more

Understanding Australia’s Director Identification Number

In the 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish the new Australian Business Registry Services (ABRS), and enhance how businesses register and manage their information with the government. Although the ABRS rolls out progressively between 2021 and 2024, one of the immediate changes is that business directors must obtain a director…  Read more

Market Wrap Special Budget Edition

On Tuesday 29th March 2022, Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget, which was eagerly awaited given the impact it could have on the forthcoming election outcome. In the lead up to Budget night, the Treasurer flagged that this Budget would ease cost of living pressures, lower certain taxes and focus on large-scale infrastructure projects. Some of the key announcements made include: A one-off $420 cost of living tax…  Read more

Federal Budget 2022-23

On Tuesday 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget. In an election year, the Budget is a people pleaser with a focus on cost of living, jobs, home ownership and health. Key initiatives A six month, 50% reduction in fuel excise with effect from midnight Budget night A $420 cost of living tax offset for low and middle income earners from 1 July 2022 A…  Read more

Differences Between an Accountant and a Financial Planner

When it comes to managing your finances, there are two professions that can help you understand your numbers, and ensure you have a plan to get to where you want to be. Accountants and Financial Planners can both play an important role in your financial success, but there are some important differences between the two. For any successful business, it is advisable to have both an accountant and a financial…  Read more

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