Showing 97 - 108 of 142 posts
What do you think of when you read the following: Ethereum, Stellar Lumen, Monero, Ripple and Cardano. You might think that these are luxury car names or maybe even fashion designers.
At WSC Group, we are processing our final JobKeeper payments for clients who are still claiming JobKeeper. There is some apprehension, of course, across our community as to what will happen with the finishing of these JobKeeper payments, which are now mainly confined to affected arears such as tourism and events management.
In this newsletter, we look at the recent strong growth in the Australian economy. The question is: Is this recent strong growth going to be sustainable in the medium term?
Amazing auction results last weekend with National auction clearance rates at 83.8% across the 3-capital cities Amazing auction results last weekend with National auction clearance rates at 83.8% across the 3-capital cities
What a year! Instead of a handful of bright, shiny material things all I really want for Christmas is an effective COVID-19 vaccine, a safe environment for my friends and family, the opportunity for every person to use their abilities and make a genuine contribution to the greater good, and a return to the days when leadership was about the capacity to bring people together and push forward, rather than simply the loudest or most consistent voice – surely not too much to ask!What a year! Instead of a handful of bright, shiny material things all I really want for Christmas is an effective COVID-19 vaccine, a safe environment for my friends and family, the opportunity for every person to use their abilities and make a genuine contribution to the greater good, and a return to the days when leadership was about the capacity to bring people together and push forward, rather than simply the loudest or most consistent voice – surely not too much to ask!
Carrying on from the three-month theme that *Recessions Always Fast Track Change* in last newsletter I outlined my *two (2) key initiatives which will enable the economy to get back on track*. As you would all be aware, a modern economy changes very quickly and without this adaptation, you can get left behind – even in a matter of weeks.
Following on from our newsletter last month, Recessions Always Fast Track Change, I wanted tofocus on a few of the key Federal Budget initiatives announced on 6 th October which, I believe, provide opportunities for us to grow our businesses.
It seems as if the leaks have already started regarding the upcoming Federal Budget. There is no doubt that the Government will be wanting to continue to stimulate the economy in the way which gives the greatest impact from the expenditure incurred.
Over the next three-months’ newsletters, I want to focus on the positive aspects of economic downturns and the changes which they create. As you will have all just read, our quarterly GDP growth in the June 2020 quarter dropped by 7% - this was the largest quarterly drop since records were kept in 1959.
It is amazing what a pandemic does to a property market! From my readings this weekend, I noticed that Sydney auction clearance rates had risen 67% to 72% in the last week – normally the sign of a fairly strong market.
Normally, it is the domain of the Federal Government to push tax reform but in recent times, the states have been leading the way in suggesting reforms to their very inefficient state-based tax system.
The most confusing part of our tax system is the different rates of tax in relation to different asset classes. It is so frustrating that income classes such as interest are taxed at marginal rate but capital gains, for example, have a 50% capital gains tax discount.