Share Market Review
The ASX200 started the 2017 calendar year at 5,773 points and has closed the September quarter at 5,681 points. This is a drop of 92 points or -1.59% over the nine month period. The sideways pattern has been a feature of ASX trading since the middle of May. The index has been unable to break out of a rough 100-point range.
The threat of nuclear attack from North Korea has definitely caused the market to stall as well as uncertainties ...
The ATO receives around 20,000 reports each year from people who believe their employer has either not paid or underpaid compulsory superannuation guarantee (SG). In 2015-16 the ATO investigated 21,000 cases raising $670 million in SG and penalties.
The ATO’s own risk assessments suggest that between 11% and 20% of employers could be non-compliant with their SG obligations and that non-compliance is “endemic, especially in small businesses and industries...
Share Market Update
The ASX200 index posted a strong return of 9.3% for the twelve month period 1 July 2016 to 30 June 2017. The total return including dividends was 14.1% for the twelve month period.
The return was driven by increases in earnings during the period which is a very positive sign. This is the strongest contribution of earnings since the 2009 / 2010 financial year.
The Mining & Metals sector performed best over the 2016/2017 financial ...
With only 2 weeks to go until June 30th we outline below some last-minute tax planning opportunities.
If you would like to discuss any of the following in relation to your business please do not hesitate to contact our office on 02 4227 6744.
Capital Expenditure up to $20,000
For expenditure on capital items that cost less than $20,000 there is an immediate write-off for businesses with turnover less than $10 million.
Bad Debt Deduction...
The end of financial year is fast approaching and with that brings new Superannuation legislation that comes into effect 1 July 2017 - the biggest changes to superannuation in nearly a decade!
We’ve summarised below some last minute planning opportunities and also issues that you may need to consider.
If you think you may be affected by any of the below issues or would just like to review your superannuation and retirement planning position pl...