The impact of U.S. interest rate cuts and the likelihood of a recession can significantly influence Australia’s economy. Here’s a breakdown of both aspects: Impact of U.S. Interest Rate Cuts on Australia Likelihood of a Recession in Australia Overall, while U.S. interest rate cuts can have mixed effects on Australia, the risk of a recession …
My first comments are those involving inflation. Inflation is triggered by too much money being pumped into the economy whereby goods and services are in relative scarcity. In other words, people and businesses compete for the goods and services therefore have to pay more to acquire them. We are being taxed on inflation! If the …
What’s in it for you? First of all, there is not much good news. In fact, note, most of us in the small to medium income earners’ range will pay an extra $1, 500 tax. The Morrison government introduced the $1500 off-set for small and medium taxpayers such as you and me. The current Federal …
Tax cuts for most workers will be of great benefit to the Cairns economy. The Federal budget is designed to put more money in your pocket so that you will spend thus circulating the economy approximately 10 times as advised by economists. This appears to be a great strategy. Other key points are for those …
Small business often has an issue in trying to raise capital to finance expansion for equipment or simply to provide cash flow in the development stages. With the advent of Covid-19, most small businesses in Cairns have suffered dramatically and will require working capital. The problem is that the figures will not be as good …
Your business needs a business plan to make you think through the consequences of the actual operations including the cash flow. Your business plan comprises your thoughts on how the business is to operate. As a part of the business plan, it is essential to work on the cash flow. One of the first things …
Many people assume that when you have your own business you will make a lot of money. Generally in small business, you will need to work a lot harder than if you were an employee. Let us have a look at a general scenario. You start with an idea and you think it will work …
How often do you hear that “I’ve got a company and I’m saving tax”? This sounds intriguing that people think, by having company, they going to save tax! The truth is, you might save tax initially, as long as you do not take money out of the company. To take money out of the company, …
Preparing your own tax return might seem to be a cheap way for filing your income tax claims. Tax agents (accountants who have the licence to prepare tax returns) also have a duty of care to prevent you from doing anything stupid as far as the Australia Taxation Office (ATO) is concerned. Note that the …
How does economics affect your business? That might seem a rather interesting question and it does affect your business. If you think that federal or state politics has no effect on the business, that is not so. New legislation, for example, may alter things that affect your business. The other major consideration when it comes …
This is a small firm with a dedicated team taking great pride in looking after our clients. Believing in the core values of attention to detail, articulate, customer service, and satisfaction, Sierra Accounting & Consulting Pty Ltd offers a complete taxation and accounting service to anyone, no matter what your geographical location is.