Company profits surprise on the upside


The latest profit reporting season has now drawn to a close and investors have generally given the announcements a big thumbs up. We have entered 180 company results into our database during August and the headline numbers are encouraging. Sales growth was the strongest it has been since June 2011 and net profits are up 10.1% on last year. Earnings per share, the number that stock analysts worry … [Continue reading]

Small business CGT concessions

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The capital gains tax concessions available to small business owners are generous but they can be complex. The small business capital gains tax (CGT) cap is a lifetime indexed amount which is available to eligible businesses which dispose of a … [Continue reading]

Super contribution limits 2014-15


Australia has had limits on superannuation contributions since 1 July 2007. These fall into two broad categories: concessional and non-concessional. Concessional contributions are before-tax contributions that form part of the fund’s assessable … [Continue reading]

Federal Budget slugs low and middle income earners, families with children


The 2014-15 Federal Budget will hit low and middle income earners hard if it is passed by the Senate in its current form. Research by the National Centre for Social and Economic Modelling (NATSEM) shows that families in the bottom quintile (or … [Continue reading]

Seeking advice on redundancy is critical


As businesses continue to cut costs and close under-performing operations, the number of people being retrenched or offered voluntary redundancy is on the rise. While this can be extremely stressful for employees and their families, the good news … [Continue reading]

Accessing your super benefits


The money in your superannuation account is intended for your retirement and generally can’t be accessed until certain legal conditions are met. If you are seeking to access your super, the three things you need to focus on are (i) the type of … [Continue reading]

Hollowing out of Australian industry


The strong Australian dollar and high operating costs are taking their toll on Australian industry. So far this year, we have catalogued 36 major job loss announcements. The layoffs are especially prevalent in the manufacturing sector which is … [Continue reading]

Contractor or employee?


Not so long ago, it was common to hear stories about workers quitting their job, forming a company and being hired back as a contractor at an exorbitant hourly rate. But lower personal tax rates and legal changes to stop the alienation of Personal … [Continue reading]

Super contribution limits for 2013-14


Australia has had super contribution limits since 1 July 2007. These limits or contribution caps fall into two categories: concessional and non-concessional. Concessional contributions are before-tax contributions that form part of the fund’s … [Continue reading]

Company profits remain subdued


The latest Wren Advisers survey of company profits shows that most businesses are struggling to achieve even modest earnings growth. Of the 143 ASX-listed companies that have reported their results in August, median sales growth is just 4.7% and net … [Continue reading]