Market Wrap

Each month we publish Market Wrap, a summary of the previous month’s local and international economic highlights. Economic and Market Overview With inflation at 40-year highs in the US and UK and at a 60-year high in Europe, central bank policy remained front and centre of attention globally. The ongoing war in Ukraine and further upward pressure on energy prices also cast a shadow over markets. Risk assets continued to…  Read more

ATO tax time targets

With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. Record-keeping Work-related expenses Rental property income and deductions, and Capital gains from crypto assets, property, and shares. Plus a refocus on business tax debt collection following the pandemic. We work through all of this in our Tax Time Targets download which also includes a overview of what we can…  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

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

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

Audit Insurance

Tax Audit Insurance protects a business from unexpected costs incurred in the event that it is selected by the Australian Tax Office (ATO) for compliance auditing. An audit insurance policy covers the costs of accountants, other professional fees and associated costs incurred in the course of an audit. Increasingly, the ATO are focusing on small to medium businesses and individuals, particularly those with more complex affairs such as trusts, self…  Read more

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