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Labor has announced that it will implement its plan to restrict negative gearing to new investment properties and halve the capital gains tax discount from 1 January 2020.
The date, announced by shadow treasurer Chris Bowen, will limit negative gearing to new housing, with all investments made prior to the date to be fully grandfathered. Likewise, the CGT discount will be halved to 25 per cent for investments entered into after 1 January 2020.
Don’t forget to tune in to The Project at 6:30pm this Sunday to see one of our clients, Andrew Kinch from GameAware!
Is excessive video gaming a source of friction in your household? If so, watch The Project this Sunday at 6:30pm on Channel 10 to see how this can be reduced. One of our clients, Andrew Kinch, from GameAware will explain how GameAware provides help to Australian families who struggle with video games by working to […]
Mental health tips for small business owners
Small business owners are constantly under stress and pressure, which is why it is important they look after their mental health. The following tips will help you manage your mental health as a small business owner. Have a reliable support networkFriends and family are vital to anyone’s functioning; however the unique challenges small business owners […]
Costs of switching your mortgage
Switching your mortgage to another lender will save you money on your home loan but will incur fees in the process. Educate yourself on the following fees to avoid any nasty shocks when you move your mortgage to another bank. Mortgage discharge cost Read the fine print of your home loan to see if your […]
ATO update: Check for $17.5 billion in lost super
The ATO’s new data revealed that although the total amount of lost and unclaimed super reduced by $420 million in 2017-2018, there is still $17.5 billion left to be found. The ATO has prioritised reuniting people with their lost super spread across over 6.2 million accounts. In the past financial year, the ATO was successful […]
ABS retail turnover rise in August
Australia retails turnover rose 0.3 per cent in August 2018, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) retail trade figures. The rise follows an unchanged estimate in July 2018. The highest rises of 0.7 per cent were recorded in cafes, restaurants and takeaway food services. Also the clothing, footwear and personal […]
Tips to being a successful entrepreneur
Being a successful entrepreneur is hard work, in Australia only 40 per cent of small businesses are still operating three years after starting according to the Australian Bureau of Statistics. If you want to make it as an entrepreneur and want to be successful as a small business owner, you can work on developing particular […]
Google hacks you never knew
Google is one of the most popular search engines and for good reason. However, finding useful results can be frustrating. Fortunately, there are some Google search shortcuts which can help generate the results you are looking for. Here are five tips to get better Google search results: Use symbols If you’re looking for more specific […]
Handing the family business over to your kids
Keeping the business in the family when you decide it’s time to retire is a common choice for many business owners. However, ensuring the change of hand is carried out effectively is seldom done right. If you plan on handing your business over to your child/children or any other family member, there are specific precautions […]
Price of housing drops in 2018
Research indicates that the pricing of houses in Australia has been dropping so far in 2018, and the trend is expected to continue. Last month, the price of housing on a national scale dropped by 0.5 per cent. This is reflected in state trends, with the following statistics: Adelaide prices have decreased 0.9 per cent […]