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Preparing for the end of financial year.

As we approach the end of the financial year, there are a number of smart strategies you could consider to help streamline your finances and legitimately reduce your tax liability.

In this article we discuss work-related expenses, tax deductions for investment expenses and review ownership structure of investments and much more.

We also include EOFY tax strategies for small business, EOFY superannuation tax strategies and a bonus mini Super checklist to make things easy for you.

Get in touch with us to speak to your financial advisor or accountant.

We can help simplify your end of financial year preparations and ensure you maximise any tax benefits.

Click here to read the full article: https://crosbydalwood.com.au/wp-content/uploads/Count-Adelaide-Preparing-for-EOFY.pdf?utm_source=Count+Adelaide+ALL+clients&utm_campaign=3f321c9878-EMAIL_CAMPAIGN_2018_06_05_07_38_COPY_01&utm_medium=email&utm_term=0_d2d06480ae-3f321c9878-170269983

February 2024 Economic and Market overview.

Headline inflation remained at an annual rate of 3.4% in January, still above the central bank’s target range.

The Reserve Bank of Australia left the official cash rate unchanged at its meeting in early February, but indicated that further increases in borrowing costs cannot be ruled out if inflation proves sticker than expected.

The market does not believe policy settings will be tightened any further and is still anticipating two rate cuts this year.

Labour market trends are less encouraging than in the US. New employment numbers were well short of expectations for a second consecutive month in January and the official unemployment rate rose to 4.1%, from 3.9% in December.

Wages in Australia are still rising by more than 4% year-on-year, but pay growth could start to moderate if overall employment trends continue to worsen.

These indicators are important, as policymakers believe there is a clear link between wages and inflation. As a result, they could wait for a sustained reduction in wage growth before lowering interest rates.

Read more here:https://crosbydalwood.com.au/wp-content/uploads/Market-Wrap-February-2024.pdf