Budget October 2022-23 – Comprehensive summary

Budget October 2022-23 – Comprehensive summary

  The Federal Government is to continue spending more than it earns for at least the next two years at least.     The Federal Budget estimates a deficit of $36.9 billion for 2022-23 and another $44 billion for 2023-24. While the economy is expected to grow by 3.25 per...
Rapid interest rate rises reveal global market frailties

Rapid interest rate rises reveal global market frailties

Elevated volatility is a key feature of markets today. By Jumana Saleheen, Vanguard Chief Economist, Europe     Elevated volatility is a key feature of markets today. The United Kingdom saw some particularly sharp moves in late September in response to a fiscal policy...
Federal Budget: all the key points you need to know

Federal Budget: all the key points you need to know

  A rundown of the main measures that will impact accountants and small business.     The Labor government’s first budget in almost a decade has revealed the tough reality of the rising cost of living along with stagnant wage growth. Economic parameters The Treasurer...
Investors and recessions

Investors and recessions

Despite much talk of rising interest rates and possible recession, here are a few reasons to stay the course and stick to your long-term investment strategy. By Alexis Gray, Senior Economist, Vanguard Asia-Pacific     There has been much discussion of rising interest...
Federal Budget 2022/23 – Documents and Facts Sheets

Federal Budget 2022/23 – Documents and Facts Sheets

  All the detail for those who like to better understand the fine print.     Budget Strategy and Outlook Budget Paper No. 1 | Budget October 2022–23 Budget Measures Budget Paper No. 2 | Budget October 2022–23 Federal Financial relations Budget Paper No. 3 | Budget...
Bear Markets and What Investors Can Do Now

Bear Markets and What Investors Can Do Now

Six biggest bull markets in US stocks/shares since 1962 and their subsequent bear markets.   The chart below shows the six biggest bull markets in US stocks/shares since 1962 and their subsequent bear markets. In this example a bull market is defined as a rise of 50%...
Claiming a tax deduction for expenses for a home-based business

Claiming a tax deduction for expenses for a home-based business

If you operate some or all of your business from your home, you may be able to claim tax deductions.   If you operate some or all of your business from your home, you may be able to claim tax deductions for home-based business expenses in the following categories:...
Cyber Security – Optus data breach

Cyber Security – Optus data breach

In light of the recent Optus data breach, we thought it timely to provide a list of things you should consider to help protect your identity   THINGS TO CONSIDER IF YOUR DATA HAS OR MAY OF BEEN BREACHED 1. Check bank accounts and credit cards regularly to check for...
Super changes apply, don’t get caught short

Super changes apply, don’t get caught short

To avoid additional costs (including the superannuation guarantee charge (SGC)), you must pay the right amount of super for all your eligible employees by the quarterly due date.   Whether you’re paying super weekly, monthly, or quarterly it’s important to check that...