SnapShot The JobKeeper Payment
ATTENTION: ALL SMALL BUSINESS OWNERS. WHAT YOU NEED TO KNOW ABOUT THE NEW INSTANT ASSET WRITE-OFF (IAWO)
FOLLOWING THE RECENT FEDERAL ELECTION AND WIN FOR THE COALITION GOVERNMENT, BUSINESSES CAN LOOK FORWARD TO THE INCREASED INSTANT ASSET WRITE-OFF OF $30,000 EFFECTIVE FROM 2nd APRIL 2019 to 30th JUNE 2019 How can Small Businesses claim this immediate deduction? A Business can claim an immediate deduction for a depreciating asset in an income year. […]
What is the NDIS?
The NDIS is the National Disability Insurance Scheme which is reforming the way the disability services are funded and delivered to those who are disabled. The scheme was launched in July 2013 in four locations. The dull rollout commenced in July 2016 and will be completed by 2020 across Australia. The NDIS works like insurance, […]
The BIGGEST Purchase of Your Life.
Buying your first Home Saving up a 20% deposit especially for a home in a major Australian city is a BIG ask. You need to put a plan in place and calculate how many months it will take to achieve your goal, your deposit for your first home. Research where you want to live and […]
Super News for Retirees
Federal Government released draft legislation whereby retirees over 65 would be able to make to their superannuation contributions up to $300,000 within a 90day period of selling their home and providing they were moving into a retirement community, aged care facility or smaller homes not close to schools or away from major employment centres or […]
Federal Government First Home Super Saver Scheme
The Federal Government has now just released a draft legislation announcement of its First Home Super Saver Scheme, which from all indications will be controlled by the Australian Taxation Office (ATO). They will have the authority to determine who is eligible to withdraw funds from their super fund to contribute towards buying their first home. […]
Know When or If to Retire
Before considering retirement you need to know what your retirement will look like and can you afford to retire, or should you retire. Know how much you will need in retirement. How many games of bowls or golf games a week are going to long term satisfy you in retirement. How many times can you […]
Market Update
Is the Second Longest Bull Market Running Out? The bull market is still going but how long can this bull market keep running? Since March 2009 it is the second longest bull market in 99 months. Markets have risen considerably. Bull markets cannot go on forever and while we are still seeing growth, it’s probably […]
Market Update
Housing Market The Australian Bureau of Statistics has released dwelling approvals data for the month of May at a national level showing the number of dwelling approvals fell by 5.6% to 16,448. The decline was due to the unit and apartments dropping by 12.1%, however home approvals actually rose slightly. There is still the belief […]
RBA Announces Official Cash Rate Call
There was no surprise when the RBA at its July monthly board meeting announced another hold on its official interest rate of 1.5% for July. The RBA last moved rates August 2016 down to the current rate. There is speculation among analysts that the next rate move will be upward. The RBA remains positive that […]
