We keep being bombarded by missives of uncertainty, volatility, slowing economic growth around the world and faltering levels of consumer confidence.
Changes by the ATO affecting the 2016 Individual Tax Return: New reporting rules for claiming new tax discount for individuals with income as sole traders, partners & beneficiaries New guidelines for claims for mobile/home phones, internet and electronic devices New ruling for landlords of units, flats, apartments claiming deductions for common property but crackdown on repairs & interest claims New rules streamlining car expense claims methods New reforms limit claims for key offsets – dependant spouse, zone and medical expenses Crackdown on work related and self-education claims Other changes relating to residency, dependant & invalid carer tax offset and Medicare levy concessions & exemptions
Generation Y, the up and comers, the millennials, those born in between 1981-’95 fall into this bracket.
You may spend a great deal of time considering what to invest in, when and even question whether to invest at all.
Micro – Globalism is causing huge change, will your business be ready? Micro – Globalism has and is occurring rapidly with the profound shift in business views about the geographic reallocation of labour.
At the time of writing world share markets have been see-sawing with the bias to the downside, particularly here in Australia, and the mood out there has been decisively gloomy.
A fourth accounting firm has now joined the Growing Network
We regularly sit down with clients and ask the question as to whether they have an Accommodation Plan in place in the event that they require care in their Golden Years.
Reduction in company tax rate from 30% to 28.
The Economy & Investment Outlook Whilst investment markets in the short and even medium term tend to dance to the tune of factors prompted by evolving, often sensational, headlines reflecting a wide range of events of a political and economic nature, the longer term trends and developments ultimately determine their behaviour.