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What’s ahead for the property market in 2020?

What’s ahead for the property market in 2020? | Strategies for Business | Scoop.it
Fortunity's insight:

While discussions on residential property are common this is an interesting article focused on commercial real estate.

For further advice please contact us on 024304 8888

Fortunity's curator insight, March 12, 2020 7:52 PM

While discussions on residential property are common this is an interesting article focused on commercial real estate.

For further advice please contact us on 024304 8888

Strategies for Business
Smart thinking that reaps rewards. Tailoring integrated accounting, asset management and investment solutions for optimal wealth protection and growth.
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Inflation and the Housing Market

Inflation and the Housing Market | Strategies for Business | Scoop.it


For the first time since 2010 we are now observing the impact of higher interest rate rises on the housing market and while it is worth noting that the rate of growth in the housing market was slowing

Interesting comments about the property markets and interest rates for 2023.


Read the full article at: www.investordaily.com.au

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ANZ confirms purchase talks for MYOB

ANZ confirms purchase talks for MYOB | Strategies for Business | Scoop.it

“The ANZ Bank has confirmed talks are underway with private equity firm KKR about purchasing MYOB."

"ANZ and KKR are yet to reach agreement in relation to the acquisition and there is no certainty it will proceed."


This will be interesting to see how ANZ integrates MYOB and leverages off this acquisition - Adrian Thompson.


Read the full article at: www.accountantsdaily.com.au

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CA ANZ calls for tax reform action | Accountants Daily

CA ANZ calls for tax reform action | Accountants Daily | Strategies for Business | Scoop.it

Chartered Accountants Australia and New Zealand (CA ANZ) has urged both sides of the political spectrum to address tax reform or risk plaguing the public for generations to come. The professional acc

Read the full article at: www.accountantsdaily.com.au


CAANZ is pleading for the federal government to act on tax reform and ensure that the tax system becomes more sustainable and supportive to critical services like health, education and aged care. CAANZ has identified that the Federal Government is now facing a debt and deficit challenge in the future and it is now time to commence taxation reform to address these challenges. We at Fortunity are strongly in favour of tax reform to ensure the taxation system is fit for purpose and can deliver for Australia.

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Five reasons to expect a cooling in the Australian property market and falling prices in 2023

Five reasons to expect a cooling in the Australian property market and falling prices in 2023 | Strategies for Business | Scoop.it

Australian home prices have boomed this year. They are up 22.2% over the 12 months to November according to CoreLogic with Hobart (+28%), Sydney (+26%), Brisbane (+25%), Canberra (+25%) and regional prices (+25%) leading the charge. This is the fastest annual increase since 1989. Average capital city prices are now up 18% compared to their previous record high i

"Rising property prices are a topic of constant conversation at the moment with prices in Sydney up over 25% this calendar year.  This article suggests more modest growth in 2022 & a fall in prices in 2023."


Read the full article at: www.ampcapital.com

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NSW government announces fresh support for businesses | MyBusiness

NSW government announces fresh support for businesses | MyBusiness | Strategies for Business | Scoop.it

The NSW government has announced a suite of support measures for SMEs as part of the Economic Recovery Strategy.

Another much needed helping hand for small businesses coming out of lockdown.


Read the full article at: www.mybusiness.com.au

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‘Completely blindsided’: Service NSW stalls JobSaver rule change following accounting backlash

‘Completely blindsided’: Service NSW stalls JobSaver rule change following accounting backlash | Strategies for Business | Scoop.it

Services NSW have made a difficult time more challenging due to poor communication and consultation.  Last Friday Services NSW communicated by email to recipients that they would be requiring  businesses to reaffirm their decline in turnover every two week starting from the 10 September, to remain eligible for JobSaver payments.

 

This change was made without consultation or prior announcements which has resulted in numerous panicked clients contacting accountants officers Friday afternoon re the email. Accountants were left without any information on the change and Services NSW did not have their website updated or changed announced via other sources. This has resulted in an angry backlash from the accounting profession and broader business community on how poor communication can really cause unnecessary havoc.

 

Some good news was provided by 9.30pm on Friday night that Services NSW will provide a grace period for the first fortnight to reaffirm eligibility.

 

For more details refer to the attached link.

Read the full article at: www.accountantsdaily.com.au

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Tax-free COVID relief bill passes Parliament | MyBusiness

Tax-free COVID relief bill passes Parliament | MyBusiness | Strategies for Business | Scoop.it
The Parliament has passed a bill making COVID disaster payments and business support grants tax-free.
Fortunity's insight:

As always please feel free to contact Fortunity should you wish to discuss further. 02 4304 8888 or info@fortunity.com.au

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Time to get on the front foot with imminent SG rate rise 

Time to get on the front foot with imminent SG rate rise  | Strategies for Business | Scoop.it


Time to get on the front foot with imminent SG rate rise

 

With the pending increase in Super Guarantee from 9.5% to 10% as of 1 July, business owners are being urged to make preparations for the increase.

 

Importantly, these preparations could include explaining what the change means to your employees take home pay, explaining what the employer will be now contributing to the employee superannuation fund, changes required to your payroll software and systems and potential amendments required to employee contracts to adjust for this change.

 

If you need help with the change, contact the Fortunity team to assist on 4304 8888.

 

Read the full article at: www.accountantsdaily.com.au

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2021/22 Federal Budget Summary

2021/22 Federal Budget Summary | Strategies for Business | Scoop.it


This year’s Federal Budget covered a range of measures including superannuation, tax and support for home buyers.


Read our summarised report here: fortunity.com.au

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ATO promises not to ‘destroy’ businesses as it resumes debt collection 

ATO promises not to ‘destroy’ businesses as it resumes debt collection  | Strategies for Business | Scoop.it


Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very thing that [it has] been trying to support” throughout the pandemic.

As expected the tide is now turning with the ATO now looking to ramp up its tax debt collection activities. While, I am getting some comfort from the Deputy Commissioner with language such as a “soft engagement” I do expect that ATO to start chasing debt more vigorously.


Read the full article at: www.accountantsdaily.com.au


If you have concerns, contact us at Fortunity and we can guide you through the process.

 

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Director Identification Numbers – Start date is coming

Director Identification Numbers – Start date is coming | Strategies for Business | Scoop.it

On 15 April 2021, the Commissioner of Taxation issued a legislative instrument “Corporations Director Identification Number Data Standard 2021”, that brings the implementation of Director Identification Numbers one step closer.

Read the full article at: vinlink.com.au

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Competition pushes homes $50k above first offers

Competition pushes homes $50k above first offers | Strategies for Business | Scoop.it

Nationwide, final bids are up almost $50,000 on the first offers being made, thanks to a boom in qualified buyers and strong competition between bidders.

Read the full article at: www.nestegg.com.au

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2020-21 Mid-Year Economic and Fiscal Outlook - BDO Australia

2020-21 Mid-Year Economic and Fiscal Outlook - BDO Australia | Strategies for Business | Scoop.it

The Federal Treasurer has released the 2020-21 Mid-Year Economic Fiscal Outlook (MYEFO) in which he indicates the Australian economy is rebounding strongly since the 2020-21 Federal Budget was released. In particular, around 80 per cent of the 1.3 million people who lost their jobs or were stood down on in April are now back at work. The Federal Treasurer has also announced new policy measures in this year’s MYEFO.

Read the full article at: www.bdo.com.au

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Australian internet domain changes to be on top of before it’s too late

Australian internet domain changes to be on top of before it’s too late | Strategies for Business | Scoop.it

Many of you would be aware that there is a change happening in relation to Australian domain names. And it’s a change you should be aware of and make sure your firm has acted to protect its brand. At present most businesses have a website with a .com.au ending. Soon you will also be able […]


Businesses have until 20 Sept to take advantage of the priority offer to take ownership of their domain names with just .au
If businesses don’t take up the offer before 20 Sept, anybody can register the domain and have a similar domain address to the existing business, creating cyber security issues.

Read the full article at: planetconsulting.com.au

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Bull Market Rhymes

Bull Market Rhymes | Strategies for Business | Scoop.it



"Howard Mark’s is a renowned US investor with some 50 years of experience to draw from.  This memo is a long read, however contains some great insights into bull & bear markets" - Craig Ayling


Read the full article at: www.oaktreecapital.com

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High Court decisions shift the ground on independent contracting

High Court decisions shift the ground on independent contracting | Strategies for Business | Scoop.it

High Court decision on independent contracting in two cases, Jamsek v ZG Operations and CFMMEU v Personnel Contracting.

Read the full article at: www.ablawyers.com.au

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NSW Police to crack down on fraudulent COVID-19 business grants

NSW Police to crack down on fraudulent COVID-19 business grants | Strategies for Business | Scoop.it


NSW Police to crack down on fraudulent COVID-19 business grants


NSW Police and Service NSW are working to identify a number of incidents of fraudulent applications made for COVID-19 business support payments throughout the pandemic. In a joint statement this week,

The NSW Police have established a strike force to identify and investigate individuals who had fraudulently claimed support grants during the COVID19 health restriction period.

 

Since the 20 September business are now required to reaffirm their eligibility each fortnight. However where individuals or businesses have been claiming support when they were ineligible, Services NSW and NSW Police will be seeking to investigate claims via data anomalies or where they receive tip off with regards to unlawful claims.

 

If you want to now further details on recent announcements from Services NSW or NSW Police, please refer to the below link.

 Read the full article at: www.accountantsdaily.com.au

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Treasury finds $27bn in JobKeeper paid to ineligible businesses

Treasury finds $27bn in JobKeeper paid to ineligible businesses | Strategies for Business | Scoop.it

A report this week found that $27 billion of the $89 billion of JobKeeper subsidy went to business which didn’t qualify for the subsidy. Without a claw back measure legislated there is no mechanism to re-claim this money back from ineligible businesses, which has created a great deal of criticism of the government.

 

When compared to the New Zealand approach, where the government spent $12.35 billion on its JobKeeper equivalent, as much as $673 million – or 5.45% – has been voluntarily repaid. Comparatively, in Australia, where only $225 million of the $89.3 billion shelled out for JobKeeper has been repaid, the rate is far lower at just 0.25% of a percentage point.

 

For more details please refer to the following article”

 

https://www.accountantsdaily.com.au/business/16269-treasury-finds-27-billion-in-jobkeeper-paid-to-ineligible-businesses?utm_source=Accountants%20Daily&utm_campaign=13_10_21&utm_medium=email&utm_content=1&utm_emailID=66d93d976166815fbfa2d7eb7c63a8c55659e34f0f94adf0a2d7b324ca632c4f

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Is your fund manager skilful or just lucky?

Is your fund manager skilful or just lucky? | Strategies for Business | Scoop.it
There is no doubt in the world of sport that the likes of 20-time tennis Grand Slam winner Roger Federer outperforms because of skill, not luck. When investors evaluate the performance of equity funds, however, it’s not as obvious which funds are skilled or have just been lucky. Fun
Fortunity's insight:

As a believer in active funds management, we need to be able to assess the skills of managers.  This article looks at skill & luck & highlights some ways to tell the difference between the two.

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NSW financial support incoming as state enters 2-week lockdown 

NSW financial support incoming as state enters 2-week lockdown  | Strategies for Business | Scoop.it


Businesses in New South Wales are waiting anxiously on a support package from the Berejiklian government as the state comes to grips with a two-week lockdown.

The Premier Gladys Berejiklian on Saturday announced that the her government will be inducing support to the state’s business with details to be released soon. In the last budged hand down the week prior, $5.1 Billion would be available to combat COVID19 or which $800m was to be spend before year end. Refer to article for additional detail.


Read the full article at: www.accountantsdaily.com.au


As these support packages are released, Fortunity will update you on what is available.

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Does culture really eat strategy for breakfast?

Does culture really eat strategy for breakfast? | Strategies for Business | Scoop.it

This chestnut of the business world overlooks the importance of, and the challenge of creating, a clear strategy.

"An interesting article which highlights the reasons to foster and promote good Culture as part of your business strategy. The idea that good strategy can be consumed by a bad culture is one that all managers of people should be conscious of when setting and developing business strategy, regardless of if you are large or small organisation."

Read the full article at: www.strategy-business.com

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End of JobKeeper unlikely to slow employment growth

End of JobKeeper unlikely to slow employment growth | Strategies for Business | Scoop.it


In its quarterly monetary policy update, the Reserve Bank of Australia said it expects the economic fallout from JobKeeper’s expiry to be manageable and have only a minor impact on employment growth.

“Interesting article on the current employment environment. Watch this space as April employment data is released which will highlight the overall impact of the withdrawal of JobKeeper" - John Staunton

 

Read the full article at: www.accountantsdaily.com.au

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Inequality in Australia

Inequality in Australia | Strategies for Business | Scoop.it

“If poor people knew how rich rich people are, there would be riots in the streets.” Those are the exact words of American actor and comedian Chris Rock during a past interview with New York magazine. He was referring to the enlarging gap between the rich and the poor in the US, however the same could be said about Australia. 

 

The Australian Council of Social Service & UNSW have produced a number of detailed reports about inequality and the distribution of wealth in Australia.  The Executive Summary of this report contains a fascinating snapshot of the situation.

 

Read the full report from The Australian Council of Social Service and UNSW here: fortunity.com.au

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Don’t follow good short-term performance, follow long-term performance

Don’t follow good short-term performance, follow long-term performance | Strategies for Business | Scoop.it

In our Investment Strategy Note we discuss how even the best long-term performing fund managers always have shorter term periods of underperformance – it's not a bug, it's a feature of the best.


Read the full article at: www.ophiram.com.au

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A close look at retiree fears and expectations

A close look at retiree fears and expectations | Strategies for Business | Scoop.it


Half of Australians retire early due to unexpected circumstances and within timeframes they did not choose, and two-thirds of pre-retirees worry about funding their retirement. But neither are the greatest fear in retirement.

Read the full article at: www.firstlinks.com.au



Fortunity's insight:

Retirement is a subject on many minds; whether it be planning & preparing, worrying about whether your money will last or wondering what to do with all that spare time.  This article looks at some of the fears & expectations that retirees face.

 

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