Knowledge Centre

Kelly+Partners Finance Update 25th May 2018

In the May meeting, the Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5 per cent with the last rate move back in August 2016. With a combination of retail deflation and continued weak wages growth still impacting economic growth, the Reserve Bank has signalled that we can expect to see rates stay where they are for the time being. They have indicated however that it expects the next rate move to be an increase and is concerned about the potential shock that this may cause the economy....

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Accumulate and educate: using investment bonds to save for children's education 25th May 2018

The cost of raising children has increased significantly over recent years with an average high-income family’s estimated spending on education per child in the major capital cities now $550,827. Both primary and secondary education costs increased enormously, with preschool and primary education almost doubling in cost and secondary education more than doubling in cost over the previous 5 years....

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Small business $20,000 instant asset write-off extended 25th May 2018

The $20,000 instant asset write-off is being extended for another 12 months for businesses with an aggregated turnover of less than $10 million so that it will now expire on 30 June 2019....

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The Budget sweetener: lowering personal taxes 25th May 2018

Low and middle-income earners have emerged as the winners from the Budget. The Government unveiled their 7-year 3-phase plan, focusing on reducing the tax burden on individual taxpayers from 1 July 2018....

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Australian Federal Budget Review 2018: SMSF & Superannuation Edition 25th May 2018

An SMSF friendly budget is the good news coming out of the 2018-19 Federal Budget. Friendly only in that there were no major changes to superannuation....

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Australian Federal Budget Review 2018 8th May 2018

In the run-up to the Federal Budget, two things were expected, a budget that responsibly delivered tax cuts and also a budget that delivered ‘meaningful’ tax reform....

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Are you risking your retirement savings? 8th May 2018

If you’re planning for your retirement, don’t risk your nest egg by getting involved in arrangements that are at odds with tax and superannuation laws!...

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ATO cracking down on your work-related expenses! 4th May 2018

This year, the ATO is cracking down on taxpayers claiming incorrect ‘other’ work-related expenses. It’s important to make sure you don’t claim more than you are entitled to!...

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Israel Innovation Trade Mission: Expression of Interest 30th April 2018

Kelly+Partners are promoting an innovation trade mission to Israel with a focus on five big tech disruptions every business owner must understand. ...

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Single Touch Payroll reporting: ATO urges employers to get ready 26th April 2018

The ATO is urging employers with 20 or more employees to start preparing now for the Single Touch Payroll (STP) reporting regimen, which will be mandatory from 1 July 2018....

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