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Market Movements and Economic Review Video May 2022

Market Movements and Economic Review Video May 2022

Stay up to date with what's happened in Australian markets over the past month.

The economic event that overshadowed all others in April was the increase in inflation.

The release of the March quarter Consumer Price Index (CPI) showed inflation up 2.1% in the quarter and 5.1% on an annual basis. This was the biggest increase since 2001 and well above the Reserve Bank’s target of 2-3%.
Category: News
Market Movements and Economic Review Video April 2022

Market Movements and Economic Review Video April 2022

Stay up to date with what's happened in Australian markets over the past month.

The war in Ukraine added a major new source of uncertainty to the local and global economic outlook in March.

Inflationary pressure continued as global economies recover from the pandemic and as crude oil prices surged due to economic sanctions against Russia.

Category: News
Overview of Small Business CGT Concessions

Overview of Small Business CGT Concessions

If you’re a small business owner and the pandemic has made you reassess your future, whether it be retirement or selling your business and starting afresh somewhere else, just remember that there may be capital gains tax (CGT) consequences to such a move. However, the tax law does provide four concessions to enable eligible individuals to eliminate or at least reduce the capital gain on a CGT asset provided certain conditions are met.
Category: News
Tax Debts May Affect Business Credit Score

Tax Debts May Affect Business Credit Score

If your business has had issues paying your tax debt due to the ongoing effects and uncertainty surrounding the COVID-19 pandemic, remember that the best option is to engage with the ATO to manage those debts. Failure to get in touch with the ATO to come to an arrangement will not only affect the potential penalties imposed, but may also your business’ credit score.
Category: News
Changes To The SME Recovery Loan Scheme

Changes To The SME Recovery Loan Scheme

As a part of an economic package to help businesses recover from the impacts of the COVID-19 pandemic, the government provided cheap credit to qualifying small and medium enterprises in the form of the SME Recovery Loan Scheme. When it was first introduced, and until 31 December 2021, the government essentially guaranteed 80% of the loan amount.
Category: News
Claiming Tax Losses Make Sure You Pass The Test

Claiming Tax Losses Make Sure You Pass The Test

With tax time 2021 nearly over, many businesses will now finalising their tax returns. For many of these businesses, the 2020-21 income year may not have been a good year due to various lockdowns and COVID-19 restrictions. Businesses whose total deductions exceed their assessable income for the year will generally make a tax loss which can then be carried forward, back, or be utilised in future years, depending on your preference and eligibility criteria.
Category: News
Frankly Speaking Tax Benefits of Shares

Frankly Speaking Tax Benefits of Shares

Australian shares are popular investments with self-funded retirees and anyone who depends on income from their investments, due in part to the favourable tax treatment of franked dividends.

After falling off in the early days of the COVID pandemic, share prices and dividends bounced back strongly in the year to June 2021.
Investors who depend on income from their shares also have more certainty now that the Labor Party has dropped its opposition to cash refunds of excess franking credits, a policy that attracted fierce resistance from retirees at the last federal election.

Category: News
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