Faster than expected Economic Growth

The Mid-Year Economic and Fiscal Outlook has delivered some promising news for businesses. The Australian economy is showing signs of a faster than expected recovery. The size of an economy is typically measured by the total production of goods and services in the economy which is called gross domestic product (GDP). In this economic update […]

Interest rates on hold at historic lows

What does this mean for home buyers? The Reserve Bank of Australia (RBA) has held the cash rate at a record low 0.1 per cent. That’s good news for the Australian property market. The RBA is Australia’s central bank. It implements policies to help maintain the health of our economy. Altering the cash rate is […]

Grow your Business through the Instant Asset Write Off

In addition to the changes made to the instant asset write off threshold from $30,000 to $150,000 on 24 March 2020 by the Federal Government as a stimulus and tax-relief response to COVID 19, the 2021 budget went a step further and removed any write-off thresholds.  It now allows for the full expensing in the first year […]