March 2021 Newsletter
In this issue, Matthew White fills you in on our new SME budget reviewing service and state-of-the-art financial planning software. Michael Farmer shares some good insights and a report on our current economic updates. In Finance, Chris Sedgmen discusses what you should do with your home loan now and how you could qualify for rates…
Read MoreLand Tax Relief
Land tax relief is currently available for eligible non-residential and residential landlords and eligible commercial owner-occupiers in response to COVID-19. If you own property subject to land tax and have; provided rent relief to your tenants due to COVID-19 (waivers only – a deferral of rent is not considered relief), or lost a tenant since 30 March…
Read MoreSA State Budget 2020-21
The South Australian Budget was handed down yesterday, please find following the items we believe will have the most impact on our clients (unless you drive an electric car). CASH GRANTS Eligible businesses and not-for-profit organisations impacted by COVID-19 will be able to access a second $10,000 grant. Eligible businesses that do not employ people…
Read MoreSuperannuation Tax Loophole
We’re receiving many calls about the following article published by the ABC last week which relates to a potential superannuation withdrawal and re-contribution strategy: ABC News website. We would like to clarify some points raised in the article for our clients. KEY POINTS The Government will allow individuals affected by COVID-19 to access up to…
Read MoreA Danish bank is offering mortgages at a 0.5% negative interest rate — meaning it is basically paying people to borrow money
A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark’s third-largest bank, said this week that customers would now be able to take out a 10-year fixed-rate mortgage with an interest rate of -0.5%, meaning customers will pay…
Read MoreThe 2019 Federal Budget Explained
Last night the incumbent Liberal government handed down the 2019 Federal Budget. We have reviewed the document and provide below the highlights that will affect our client base the most for your review. The Government predicts a return to surplus of $7.1 billion (or 0.4% of GDP) in 2020 – the first surplus in 12…
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