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

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

New stapled super fund employer obligation

From 1 November 2021, if you have a new employee start, there is now an extra step to comply with if they don’t choose a super fund. Previously when your employee did not choose a superfund, you were required to pay their super to the default superfund. From 1 November, this is changing. If your employee does not choose a superfund, you will be required to check with the ATO…  Read more

Change to Fair Work Act: Casual Employment Reform

The Fair Work Act has recently been amended to change the workplace rights of casual employees. It is important that employers review the new rules, understand the new employer obligations and ensure compliance. Casual employee definition A person is a casual employee if they accept an offer for a job from an employer knowing that there is no firm advance commitment to ongoing work with an agreed pattern of work.…  Read more

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