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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

The good, bad and indifferent of the Federal Budget: a small-business owner’s view

The Federal Budget has both positives and negatives for small business owners, such as tax cuts and increased access to capital, but also increased compliance costs and a lack of support for the retail sector.

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ASX set to inch higher as Wall Street edges up ahead of key report

The Australian stock market is expected to open higher, following a positive lead from Wall Street ahead of a key economic report.

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Massive impact on jobs’ by raising interest rates more aggressively

The Reserve Bank of Australia has warned that aggressive interest rate hikes could put 200,000 jobs at risk. They have instead suggested a more gradual approach.

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Fake schools, fake students: Criminals make mockery of education visas

Criminals are exploiting Australia’s education visa system by creating fake schools and enrolling fake students, making a mockery of the system.

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Personal transfer balance caps displayed from 11 July 2023

From 11 July 2023, personal transfer balance caps will be displayed on the ATO website, limiting the amount of superannuation an individual can transfer into retirement phase.

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Top investor slams ‘entitled’ Australians

An investor has criticised young Australians for seeking work-life balance, claiming they are “soft” and lack ambition. He believes they should be working harder to achieve success.

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Why the teachings of Yoda should be applied to stage three tax cuts

This article argues that the teachings of Yoda from Star Wars can be applied to the Stage Three tax cuts, such as being mindful of the future and not being driven by short-term gains.

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Do you know your fringe benefits?

Employers should be aware of the different types of fringe benefits they can offer their employees, such as salary packaging, novated leasing and entertainment benefits. These benefits are subject to taxation and must be reported to the ATO.

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Are bigger super funds better?

No, actually — despite what the industry is doing Australian superannuation funds have grown significantly in size and complexity, with many now investing in a range of asset classes and strategies to maximise returns.

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Aristocrat to buy NeoGames for 1.8 billion

Aristocrat Leisure has announced the acquisition of NeoGames for $1.8 billion, creating a global leader in digital gaming and lottery solutions.

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Get in touch

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Posted by Strategic Wealth Management 28 May 2024

Proactive superannuation planning: what you need to be aware of before June 30

As a small business owner, juggling multiple responsibilities is the norm. With June 30 fast approaching, understanding superannuation can save you a lot of headaches and potentially a lot of …

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Posted by Strategic Wealth Management 16 May 2024

Unpacking the 2024 Federal Budget: What you need to know

When Treasurer Jim Chalmers handed down the 2024-25 Federal Budget on 14 May 2024, it was clear that the government had a diverse range of objectives. From offering tax cuts …

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Posted by Strategic Wealth Management 27 Feb 2024

Business Update – 28 February 2024

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. Employer audits to surge, ATO warns The ATO has warned …

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Posted by Strategic Wealth Management 24 Jan 2024

Land Tax Changes

Land tax: Changes to the principal place of residence exemption From 1 February 2024, persons who purchase and occupy a property but own less than 25% interest (either solely or …

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Posted by Strategic Wealth Management 16 Jan 2024

Business Update – 17 January 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. High chance’ of RBA achieving its goals in 2024: …

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Posted by Strategic Wealth Management 11 Dec 2023

Managing work-life balance as a small business owner

As a small business owner, it can be incredibly difficult to maintain a healthy work-life balance. The obligations and responsibilities of running your own business often take priority over any …

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Posted by Strategic Wealth Management 10 Dec 2023

Business Update – 11 December 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Jim Chalmers welcomes OECD prediction RBA has reached interest …

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Posted by Strategic Wealth Management 04 Dec 2023

Make life easier with AI

AI (Artificial intelligence) has been both a huge disrupter and enabler for businesses of all shapes and sizes. (AI) is no longer just a pipe dream of science-fiction. It has …

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Posted by Strategic Wealth Management 30 Nov 2023

Business Update – 30 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. How much Aussies plan to spend on Christmas presents …

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Posted by Strategic Wealth Management 07 Nov 2023

Multifactor Authentication (MFA) email Scam

We’re seeing an increase in reports about an email scam impersonating the ATO. Scammers are emailing clients advising them that due to ATO security updates, they are required to update …

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Our office is located in Hurstville. Parking is available under our building. We are a short 750m walk from Hurstville train station.

Postal address: PO Box 497 Hurstville BC, NSW 1481