02 9255 8888
Locumsgroup | Tax Returns - Accounting Services - Financial Advice
  • About Us
    • Who We Are
    • What We Do
  • Services
    • Tax & Accounting
    • Financial Advice
    • Mortgage Advice
    • DIRECT PROPERTY
  • Useful Tools
  • News
  • Contact Us
  • Search
  • Menu Menu

A Video Update from Locumsgroup

Video Update
https://locumsgroup.com.au/wp-content/uploads/2018/09/video-newsletter.mp4

What’s new at Locumsgroup?

The Australian Government has raised minimum wage by 3.5%. The minimum hourly rate is now $18.93 per hour, and the weekly minimum wage increased to $719.20.

The HECS threshold has been slashed to $52,000. Those in the lowest HECS repayment bracket of $51,959 to $58,379 will now have to repay 2% of their total income.

Company tax rates lowered

On the 18th of May 2017, the Treasury Laws Amendment Enterprise Tax Plan Bill 2016 was passed, reducing the company tax rate to 27.5% for companies that are considered to be Base Rate Entities. There are still two other company tax amendments pending before the senate. If passed one bill seeks to extend the lower 27.5% tax rate to all corporate tax entities by 2023, working towards a 25% tax rate by 2026, and the other will change the definition of Base Rate Entities to exclude corporate entities that have a passive income of more than 80%. Until these bills pass, the tax rate remains at 30% for companies that are not Base Rate Entities.

Brisbane development sweeps awards!

The most recent residential investment for a number of our clients is The Lucent development in Newstead.

This month Lucent won first place in two categories at the 2018 Master Builders Awards:

  • “Best Residential Building over $20M” and
  • “Best Pool in a High-Rise Complex”.

Two weeks ago The Lucent reported a re-sale of Apartment 1401 in the building. The original off-the-plan price of this sub-penthouse apartment was $935,000, it has just re-sold for $1,125,000. That’s a 20.00% growth (or $190,000) on a unit that settled in January of this year.

In further news, PRD Nationwide analysed each state in Australia as part of their capital city Affordable and Liveable Property Guide. Brisbane has come in at the top of the list as: Australia’s most Liveable Capital City.

Braxton Chase has secured one of the very last units in Lucent, retained by the developer, for the next few days. It is a large, well-priced, North Facing unit on the 11th Floor.

10% GST For Online Shopping

Online shopping has recently become a little bit more expensive. As of the 1st of July 2018, the Australian Government has applied a 10% GST on all overseas online purchases under $1,000. In 2017 alone, Australians spent $21 billion online. That’s an 18% spike on the previous year, and makes up 6.75% of Australia’s $300 billion retail sector! Will this tax put a dampener on Australia’s online shopping addiction, or will the online shopping industry continue its meteoric boom?

Plan the Financial Year

Plan the Financial Year
Now is a good time for a new year resolution and for you to review your financial situation with one of our advisers.

This process ensures your current strategy remains relevant to your life and on-track with your financial goals and objectives.
It would also give us a chance to see if we can assist in any other areas.

Please contact us if you would like to discuss this opportunity further.

The ATO is getting tough…protect yourself!

The ATO is getting tougher and we believe it is vital that we offer protection to you from potential costly audits. If you are subject of a random audit you will incur additional accounting costs.

If you take out audit insurance, in the event that you are subject to an Audit, Review or Investigation, we will seek to claim our professional fees from the insurer.
Costs for 12 months cover start at $100 per individual, $165 for couples and $320 for SMSF and other entities.

September 14, 2018/by AusWebCr38t1ve
Share this entry
  • Share on Facebook
  • Share on LinkedIn
  • Share by Mail
https://locumsgroup.com.au/wp-content/uploads/2020/11/lg-blog-4.jpg 360 640 AusWebCr38t1ve https://locumsgroup.com.au/wp-content/uploads/2020/12/locum-new-1-300x109.png AusWebCr38t1ve2018-09-14 16:34:052021-02-09 14:54:35A Video Update from Locumsgroup

Latest News

  • 8 Ways To Pay Off And Consolidate Your Credit Card Debt FasterMarch 30, 2021 - 9:30 am

    Australian consumers are getting better at managing credit card balances – New figures from the Reserve Bank of Australia reveal the nation’s credit card bill in January 2021 dropped by $7.38bn on the same month a year ago – however many borrowers still struggle with paying off the money they owe on ‘the plastic’.   […]

  • New Year. Time to review your finances!March 1, 2021 - 5:03 pm

    We all know that the New Year is the perfect time to review your finances and set new goals for the year ahead. In case you missed your planning session on the first day of January – here is another chance! This is a great time to get clear on what is going on with […]

  • TEN TIPS TO MAXIMISE YOUR RETURNS FROM INVESTMENT PROPERTYJanuary 28, 2021 - 2:22 pm

    Don’t invest until you understand the numbers. Make sure the holding costs (rental income less outgoings) are manageable. Invest in locations with high population, employment, and mid to long term capital growth. Diversify across lenders to increase your borrowing capacity. Your goal is to own a large asset base. Buy and hold for seven to […]

  • BUYING AN INVESTMENT PROPERTYJanuary 28, 2021 - 2:10 pm

    Over the long term, property is recognised as a stable and reliable asset for wealth creation.  Property is a store-of-wealth asset. Whether you are looking to buy your first investment property or add to your current portfolio, property is a popular way to invest money by many Australian investors.  One of the keys to property’s […]

Quick Links

  • Tax & Accounting
  • Financial Advice
  • Mortgage Advice
  • Property Advice
  • Blog
  • About Us
  • Privacy Policy
  • Client Resources

Contact Details

Level 4, 8 Spring Street
Sydney NSW 2000
PO Box R242
Royal Exchange NSW 1225
P: 02 9255 8888
Fax: 02 9247 2868
Email: info@locumsgroup.com.au

Connect

Keep up to date by following us:

  • Facebook
  • LinkedIn

© Copyright 2012 – 2020 Locumsgroup.

Locumsgroup Asset Management Pty Limited ABN 71 113 009 626 | Australian Financial Services Licence Number: 339567
Locums Nominees Pty Limited ABN 084 426 415 | Australian Credit Licence Number: 396340 | Locumsgroup Private Accounting Services Pty Ltd ABN 66116 993 670 | Tax Agent Number: 72898005

Financial Intelligence Conference Locumsgroup – proud sponsor’s of the Harbord Devils Junior Cricket...
Scroll to top