This article focuses on some of the more important and common records that business owners are required to keep for income tax, Fringe Benefits Tax, GST and capital gains tax purposes. For taxation purposes, records generally need to be kept: For five years after they are prepared, obtained or the transactions completed (whichever occurs later) […]

Upcoming economic and financial market events Australia 22 June Car Sales (May): We expect that car sales were up five per cent seasonally adjusted. 26 June Financial accounts (March quarter): Reveals data on financial wealth and business balance sheets. Overseas 23 June US Existing home sales (May): There is just over 10 months supply of […]

In the lead up to 30 June 2009, business owners should consider topping up their superannuation by making either tax deductible and/or undeducted contributions.        Tax deductible contributions The maximum tax deductible superannuation contributions (which includes both super guarantee and salary sacrifice amounts) that can be claimed for the 2008/09 year by employers on behalf of […]

The 200 day moving average (MA), is simply a line plotted based off the close price of the past 200 days added together, and divided by 200. While actual price action may jump around on a day-to-day and week-to-week basis, the 200 day MA is a smooth line, which assists to differentiate normal volatile price […]

The bear market isn’t over, but bullish language made an appearance over the second half of March. US Treasury Secretary Timothy Geithner finally released details about plans for the bank’s toxic assets, something that was holding the market back, and the reaction was positive. It’s great or at least better-than-expected leadership that will keep the […]