In considering growing value in businesses, it is worth taking a look at the Listed Food and Agriculture Companies to see what value has been created in the past 12 month.
In particular, it is worth noting the stand out performers, including those companies that have had a share price rise of greater than 100% in the past 12 months and determine possible success factors.Read More›
Backpackers and others on working holidays in Australia may be hit with higher income-tax bills if the Australian Government enforces the changes to tax residency rules that were proposed in the 2015-16 Federal Budget.
Currently, a backpacker/working holiday maker (WHM) may be treated as a resident for tax purposes if they satisfy the tax residency rules, typically that they are in Australia for more than six months. This means they are able to access resident tax treatment, including the $18,200 tax-free threshold, the low income tax offset (LITO) and the lower tax rate of 19% for income above the tax free threshold up to $37,000.Read More›
Proposed changes to the Farm Management Deposit (FMD) Scheme are one step closer to being enacted, with an expected roll out date of 1 July 2016.
This announcement comes from Federal MP Barnaby Joyce after the changes were passed in Federal Cabinet last Wednesday 10 February 2016.Read More›
With the Reserve Bank of Australia’s decision to keep the cash rate at 2% at its first meeting of the year, now is the time to consider your property goals.
Why? We are currently experiencing a very competitive home loan market, which is great for borrowers. Lenders are undercutting each other just to win business, particularly in the fixed interest rate space.
Some lenders are offering rebates of up to $1,500 to assist with covering refinancing costs. The typical cost of refinancing a single property with a single variable rate loan is approximately $1,000.
Below is a summary of fixed rates currently available in the market. Please note that the 3 year fixed rate on owner occupied home loans is below 4%.
For those with owner occupied home loans of $300,000 at a rate of 5%, fixing for 3 years at 3.98% will save just over $3,000 per annum.
The Team at Powers Financial Group will happily review your personal lending facilities to determine any potential interest savings – pick up the phone and call us today!
Having accurate and current financial information can be an effective resource for developing businesses. Having accurate financial information allows business owners to be able to obtain resources, grow profitability and make better strategic decisions.
However, the process of collecting, compiling and conveying your financial information can be a major strain on resources. Compiling meaningful financial information about your business will often either slow down your business or cost you a small fortune to put together.Read More›
With a lower Australian dollar, historically low and stable interest rates and several free trade opportunities, plus an increasing demand for Australia’s high quality produce, 2016 is looking very positive for Australian Agribusiness.