Maxim Monthly Market Insights - October 2015

 

Maxim Monthly Market Insights

  • Malcolm Turnbull might have timed his run at the lodge perfectly as business conditions improve and the Australian dollar supports the economy.

Growth prompts new appointments at Maxim

Newcastle’s Maxim Accounting has expanded its business by reintroducing Scott Norrish as a Director. Maxim has also recently added four qualified Client Managers, strengthening its reputation as one of the leading business advisory firms in the Hunter.

SMSF lending

All banks tipped to exit SMSF lending if restrictions proceed

Source: SMSF Adviser

An industry broker has warned a ban on personal guarantees for limited recourse borrowing arrangements by the government could see all institutions completely exit SMSF lending.

Maxim Monthly Market Insights - July 2015

  • The Australian economy has many headwinds but employment is NOT one of them. That means the economy is not as weak as many believe.

  • It’s been a volatile few weeks in markets with troubles in Greece and the Chinese stock market. Things may be settling but there are troubling implications for global markets and the Australian economy

2015 Tax Planning Strategies

1 | Concessional Superannuation Cap

The concessional (“tax deductible”) superannuation cap for 2015 is $30,000 per year for those who were under 50 during the year and $35,000 for those aged 50 to 74. Super Funds take a few days to process contributions to your account so don’t leave it to 30 June to make your final contributions!

What does the annual wage increase mean?

The Fair Work Commission (FWC) last week announced a 2.5% increase to minimum wages.  Following this announcement they have this week issued draft determinations detailing how this decision impacts individual awards.

Maxim Monthly Market Insights - June 2015

Australian GDP in Q1 was strong. But there is plenty of devil in the detail which means the RBA retains a firm easing bias.

The fall in stocks on the ASX continues with the market now down a little more than 8% from the peak just 5 weeks ago.

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