January 2019 Economic Review

Posted on 13 February 2019
January 2019 Review - Share markets bounce back strongly A strong recovery on global equity markets over January saw approximately half of the December quarter decline reversed. Highlights for the month were as follows: A significant bounce back occurred across all major world share markets. Bond yields continued to drift lower as the U.S. Federal Reserve appeared to soften its stance. Lower bond yields resulted in significant gains on listed property and infrastruc...
Posted in: Share markets Global outlook Rhodes Docherty  

What to watch as online retail takes off

Posted by Rhodes Docherty on 11 December 2018
The retail sector is experiencing a dramatic shake up with massive growth in online shopping indicating a shift in how consumers interact with products, sales and spaces. Recent figures speak for themselves. Domestic online sales represented more than 50% of 2017 total retail sales growth in Australia as opposed to three years ago when they accounted for less than 10%.i This rapid growth is staggering in a sector that has otherwise been sluggish of late. But what does it mean for consume...
Posted in: Online shopping Retail Christmas  

Rhodes Docherty - we're with you for the long haul

Posted by Rhodes Docherty on 29 July 2018
We live in dynamic times - fads, fashions and trends seem to come and go. This is also true of small-medium businesses on average, in Australia, just over 1000 new business start-up each month. Even more alarming is the fact that according to the Australian Bureau of Statistics, more than 60% of small businesses will cease operating within the first 3 years of them starting. So, it's refreshing and comforting to come across a business that has weathered the storm while gain...
Posted in: Rhodes Docherty  

Low Value Imported Goods (LVIG) - GST Impact

Posted by Rhodes Docherty on 29 July 2018
From July 1, 2018, new legislation has come into effect that imposes GST on goods that are deemed to be Low Value. This means any product, such as books, jewellery, electronic devices, sports equipment, cosmetics, or clothing will incur a 10% GST on the price of the item, regardless of its value, when imported into Australia. Prior to this legislation, imported goods worth less than A$1,000 were GST free. Read on to find out more about what low value goods are and if you a...
Posted in: GST  

Tax claims for work-related car expenses

Posted by Rhodes Docherty on 29 July 2018
Another year another ATO crackdown! It seems each year, the ATO chooses a theme to focus its attention on when it comes to work related expenses. In years past, we've seen crackdowns on laundry, travel and self-education. This time round, the focus could fall on car expenses. Many small-medium businesses work on the principal that if the business incurred an expense, then it must qualify as being a deductible. Our response to this is may be, may be not! Let'...
Posted in: Taxation  
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January 2019 Economic Review

Feb 13 2019
January 2019 Review - Share markets bounce back strongly A strong recovery on gl...

What to watch as online retail takes off

Dec 11 2018
The retail sector is experiencing a dramatic shake up with massive growth in online sho...

Rhodes Docherty - we're with you for the long haul

Jul 29 2018
We live in dynamic times - fads, fashions and trends seem to come and go. This i...
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