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The Latest in Government

‘Backpacker Tax’ Back-Pedal Image

‘Backpacker Tax’ Back-Pedal

Jacqui Lambie’s push for a reduction in the ‘backpacker tax’ to 10.5% has won senate approval yesterday.

Act NOW if you wish to access immediate tax deductions for your small business Image

Act NOW if you wish to access immediate tax deductions for your small business

The Government is planning to remove the immediate tax deduction for depreciating assets costing less than $6,500 and the accelerated depreciation allowances for motor vehicles which are currently available to small businesses (i.e. businesses with an annual aggregate turnover of less than $2 million).

Are these the greatest opportunities in Asia right now? Image

Are these the greatest opportunities in Asia right now?

The Asian Financial Forum last month brought together 1200 business leaders from throughout the Asia Pacific region and addressed many of the economic opportunities and issues that matter.

Australia expected to follow French New Era of Corporate Governance Image

Australia expected to follow French New Era of Corporate Governance

Avoiding uncommercial borrowing conditions Image

Avoiding uncommercial borrowing conditions

The ATO has recently warned that SMSF income generated from limited recourse borrowing arrangements (LRBAs) deemed to be uncommercial may be subject to high tax rates.

Chinese investors heading our way Image

Chinese investors heading our way

 

As most of us brace for depths of winter, having recently returned from a whirlwind ten day, invest in Australia roadshow to China things are only getting hotter over there.

Could this year’s federal budget really be Swan’s song? Image

Could this year’s federal budget really be Swan’s song?

What a difference a week makes in politics. A little over a week ago the more radical and negative federal budget measures looked to be under containment.

Doom and gloom or the roaring bull? Image

Doom and gloom or the roaring bull?

While interest rates may need to fall a bit further, green shoots of recovery suggest we are at or near the low and more importantly, point to an improvement in economic and profit growth over a 12 month horizon, according to Dr Shane Oliver, Chief Economist from AMP.

Economic Update – September 2012 Image

Economic Update – September 2012

Following consecutive cuts in April and May, the Reserve Bank of Australia (RBA) left the overnight cash rate unchanged at 3.50% in July and in August.

Economic update : the state of the economy and the markets leading up to the Federal Budget Image

Economic update : the state of the economy and the markets leading up to the Federal Budget

The budget is coming. With just two weeks to go it looks like, the Government will deliver a budget with a strong long term outlook and an amount of short-term pain including the introduction of a debt levy.

Economic update: Housing and property leading the economy again Image

Economic update: Housing and property leading the economy again

 

In the wake of the Federal Budget consumer confidence has dipped in the quarter to June and our resilient Australian dollar is continuing to make our domestic outlook more difficult than it needs to be.

Economic Update: The end of quantitative easing troubles markets Image

Economic Update: The end of quantitative easing troubles markets

The last quarter, and more particularly, the last month has seen a fairly negative bias across most Australian and international equity markets.

Economic Update: Zigzagging markets looking for some summer confidence Image

Economic Update: Zigzagging markets looking for some summer confidence

World markets took a hit last quarter with a myriad of negative or concerning news, ranging from Scotland’s independence referendum, Hong Kong’s pro-democracy protests and the US and several other nations’ air forces entering in to Syria to fight against ISIS.

Federal Budget 2014 – “Lifters not leaners” Image

Federal Budget 2014 – “Lifters not leaners”

An old proverb says “people unite over problems but divide over solutions”. The weight of expectation lies heavily on Joe Hockey’s first Federal Budget to solve many many long standing fiscal problems without creating a war in the voter base over the solutions.

Fountainguard – Prosperity Advisers joint venture to build inroads to Chinese market Image

Fountainguard – Prosperity Advisers joint venture to build inroads to Chinese market

 

Continued investment to drive future growth of the Asia Business Desk

Government freezes super guarantee Image

Government freezes super guarantee

The government has announced that it will freeze the superannuation guarantee at 9.5% until 2021.

Government Incentives Image

Government Incentives

As we approach 30 April it is useful time to think about Government incentive programs. This is because 30 April marks 10 months from the end of the financial year and is therefore the deadline for the lodgement of your R&D project details with Austrade.


Government initiatives to further boost inward investment Image

Government initiatives to further boost inward investment

Prosperity Fountainguard Advisers welcomes the Federal Government initiatives announced under the Industry and Competitiveness Agenda that will expand the Investor Visa Programme.

Green Shoots Image

Green Shoots

The Federal Election has come and gone, leaving the result most business owners and investors were expecting but will the confidence instilled by a more stable Government bring the green shoots Australia needs?

Help is available to those struggling after the devastating week in NSW Image

Help is available to those struggling after the devastating week in NSW

It has been a rough week of weather for parts of New South Wales (NSW) and we all know someone who has been affected

If the stress of selling or buying a $2m plus property isnt enough…dont forget about informing the Tax Office Image

If the stress of selling or buying a $2m plus property isnt enough…dont forget about informing the Tax Office

If you are thinking about selling Australian property valued at $2m or more, your ever growing To Do list should include this item: “Get Tax Office clearance certificate”.

Is the Australian Mining Boom Over? Image

Is the Australian Mining Boom Over?

Reading the newspaper, one could be forgiven for thinking that the Australian Mining economy had stopped cold.

Major US Tax changes imminent following Trump victory Image

Major US Tax changes imminent following Trump victory

 

National Commission of Audit: Clearing the way for another golden age? Image

National Commission of Audit: Clearing the way for another golden age?

The sun has risen on first day after the release of the National Commission of Audit (NCOA) report on the efficiency of the Commonwealth Government.

New penalty scheme for SMSF trustees Image

New penalty scheme for SMSF trustees

From July 1 2014 the ATO will have increased powers to issue a range of penalties to SMSF trustees found to be in breach of superannuation laws.

New South Wales fights for a bigger share of Significant Investor Visas as the Federal Government tries to curb leverage Image

New South Wales fights for a bigger share of Significant Investor Visas as the Federal Government tries to curb leverage

New South Wales (NSW) has introduced measures to increase its competitiveness in attracting Significant Investor Visa candidates.

NSW Stamp Duty relief has arrived! Image

NSW Stamp Duty relief has arrived!

We are pleased to confirm that the NSW Government has finally passed changes to stamp duty.

Part 1: National Commission of Audit: Summary of recommendations Image

Part 1: National Commission of Audit: Summary of recommendations

On 1 May 2014 the Federal Government released its National Commission of Audit (NCOA) findings on streamlining the efficiency of government. The comprehensive scope of the report leaves little to the imagination and is expected to form the central blueprint for the 2014 Federal Budget.

Part 1: The Federal Budget 2013-2014: Comedy or Tragedy? Image

Part 1: The Federal Budget 2013-2014: Comedy or Tragedy?

As potentially the final act plays out in Treasurer Wayne Swan’s Federal Budget performances, it is perhaps fitting to ask the question – was this long drama a comedy or a tragedy?

Part 2: National Commission of Audit: Summary of recommendations Image

Part 2: National Commission of Audit: Summary of recommendations

Part 3: The Federal Budget 2013-2014: Comedy or Tragedy? Image

Part 3: The Federal Budget 2013-2014: Comedy or Tragedy?

While not specifically a budget measure, one of the key developments in 2013 was the announcement of the 1 billion dollar “Industry and Innovation Statement” in February 2013


Property Market in Australia: how much do you know? Image

Property Market in Australia: how much do you know?

 

 


 

Prosperity’s Steve Cribb warns of ATO ramp up on TEN eyewitness news Image

Prosperity’s Steve Cribb warns of ATO ramp up on TEN eyewitness news

WATCH: Prosperity’s Steve Cribb warns of ATO ramp up on TEN eyewitness news

Share scheme changes herald clever country thinking Image

Share scheme changes herald clever country thinking

A significant concession, and improvement, was announced to the Employee Share Scheme rules on Tuesday by the Federal Government.

Take our Federal Budget Poll Image

Take our Federal Budget Poll

 

Take the Prosperity Advisers post-Budget Poll so we can understand your sentiment better.

 

 

 

Tax Tips to consider before 30 June 2013 Image

Tax Tips to consider before 30 June 2013

 

With less than two weeks until the end of the financial year and after a federal budget designed to take away a bigger share of income than in previous years, there is no better time to put some effort into year-end planning.

Tax tips to consider before 30 June 2014 Image

Tax tips to consider before 30 June 2014

There is less than a month until the end of the financial year and following on from a very tough Federal Budget this is shaping up to be a very important year-end for tax planning. 

Watch our Federal Budget Briefing live Image

Watch our Federal Budget Briefing live