The Tax Office is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy. This financial year, the ATO has visited 22 regions with another four in progress. Next financial year they plan on visiting over 10,000 businesses. The ATO is seeking to identify businesses that are hiding sales, paying cash in hand, or are […]
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The Liberal/National Party Coalition has been returned to government, as Australians chose continuity over change and cautious economic management over Labor’s ambitious reform agenda. Although Prime Minister Scott Morrison’s election spending promises were more modest than Labor’s, they will still deliver economic stimulus in the form of personal tax cuts and other initiatives. This is […]
read more »Working Australians have been promised bigger than expected tax cuts along with billions in increased spending on health and welfare for young and old. This was all made possible as Treasurer Josh Frydenberg delivered the good news that the Budget will soon be back in surplus for the first time since the GFC. The only […]
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US Interest rates have been making headlines in recent months, but do they really matter to Australian investors? The short answer is they do, a lot. Changes in US interest rate settings have made a big impact on investment returns from bonds and shares over the past year, while uncertainty about the future direction of […]
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According to a recent survey of 52,000 households, “40 per cent of home loan applications were rejected in December 2018” (Mortgage Business: Home loan rejection rate hits 40%, 21/01/2019). The cited article goes on to suggest that this is an increase of 32 per cent during the 12 months from December 2017! Staggering figures to say the […]
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