WHAT’S NEW

Fringe Benefits Tax ALERT 2016

Fringe Benefits Tax ALERT 2016

Fringe Benefits Tax (FBT)

 Fringe Benefits Tax (FBT) is a tax that many business owners try to forget until the deadline is upon them, but it is one that can have far reaching implications and costs. The end of year for FBT is 31 March 2016 – with the year running 1 April to 31 March. The Government introduced FBT many years ago to ensure that employees do not receive income disguised in another form and therefore avoid paying income tax. The deadline for lodging a FBT Return is 28 April 2016.

Read More

Read More
6 warning signs you may need to detox your business

6 warning signs you may need to detox your business

It happens every year.

After enjoying a summer of frivolity you’re dragged back to reality by the early morning alarm. Your wallet is empty, your credit card is maxed out, and none of your clothes seem to fit.

Sipping a takeaway coffee you can’t afford, you flick through the morning paper. And there they are— dozens of quick fixes and long-term strategies to detox your life and take a better path. After reading a few of the articles (or maybe just the dot-point summaries), you decide to switch from coffee to green tea.

Read More

Read More
Economic Snapshot – Jan-Feb 2016

Economic Snapshot – Jan-Feb 2016

January was an extremely difficult month for the world’s financial markets with very sharp falls in the price of equities and commodities. Price volatility both within and between days was exceptionally high. These conditions were attributed to the surprisingly large fall in the price of oil, economic data
from China, the US Federal Reserve [Fed] lifting interest rates and concerns about the state of emerging economies. All this led to speculation about an imminent recession and even “the next leg of the GFC” with some extraordinary statements issued from a Bank Of Scotland analyst saying it is “time to sell
everything”.

In reality these comments appear more colourful than constructive, with the economic data revealing nothing to support that much pessimism. The markets continued to selectively misinterpret the data from China, and although the US manufacturing sector showed further signs of slowing, the household
sector remains robust. In Australia, the latest data confirmed recent improvements in the labour market, while inflation remained at the lower end of the Reserve Bank’s target range.

Download the snapshot to read more

Read More
Economic Snapshot – 2015 in Review

Economic Snapshot – 2015 in Review

What happened, Why & the Outlook for 2016

The start of share markets in 2015 replicated the start of 2014 with strong gains in the first quarter which drifted away through volatile movements over the remaining 8 months. Media focussed on a bad year for markets and investors but despite this returns in many diversified portfolios still managed to outperform cash and term deposits illustrating the benefits of long term investing and diversification.

Historically January tends to be a good month as we start a new year with investments, but 2016 has started differently with losses allegedly linked to the Chinese market and the incessant media commentary on China’s economic slowdown however the discipline of looking at economic fundamentals is the only long term way to invest with confidence and as at January 2016 the fundamentals are pretty good.
Although economic reports often focussed on the USA increasing rates and exiting the Quantitive Easing [QE] programme, the things that really changed 2015’s outlook turned out to be developments in the emerging markets, [notably OPEC and China] coupled with the fall in the price of oil which was a major shock to the global economy. This spearheaded the collapse of the Chinese equity market [from record highs] and then the depreciation of the Yuan provoked fears of spreading recession. These events introduced significant volatility.

Interestingly, the Australian economy actually had a better year than envisaged at the end of 2014. Business conditions improved, as did the labour market and arguably the change in Prime Minister helped improve the national mood. The expected depreciation of the A$ also contributed to stronger business conditions and noticeably helped international investments in portfolios. Nevertheless, the transition of growth outside and away from the resources sector remained slow and prospects of a budget surplus have been pushed out even further. From the perspective of overall wealth creation, the housing market performed very strongly in 2015, leading to the introduction of macro-prudential measures to cool speculative activity.

Download the snapshot to read more

Read More
20 reasons why you should look for a new business accountant

20 reasons why you should look for a new business accountant

by Christian Borkowski

Finding the right accountant to help out with your business’ financials is no easy task. While it’s easy to check their qualifications, it’s harder to know whether they’ll be the right ‘fit’ for your business. And just because an accountant is perfect for another business doesn’t mean it will be perfect for yours. It really depends on what you want out of the relationship.

Read More

Read More

SIGN UP

For our free e-newsletter

TAKE A HEALTH CHECK

For our free e-newsletter

Personal