RSS

2013 Federal Budget Wrap

2013 Federal Budget Wrap

15 May 2013

The 2013 Federal Budget has been framed around the much publicised reduction in revenue and ‘soft’ economic conditions, but after releasing most of the big changes in the past few weeks, the Treasurer didn’t have much left to announce in his Budget speech to the Parliament. 

Wayne Swan delivered a ‘sober’ budget in the face of an expected revenue shortfall of $60 billion over the four years to 2015-16 and at the same time having to fund billions on the Gillard Government's spending commitments such as the National Disability Insurance Scheme ($14.9 billion over seven years) and the Gonski school reforms ($9.8 billion over six years). 

The Budget outlines some measures to address structural issues in the economy, focussing largely on the revenue side, including: 

Read more >

Boyce Celebrates 10 Years in Wagga Wagga

Boyce Celebrates 10 Years in Wagga Wagga

5 April 2013

Boyce is celebrating not one, but two milestone anniversaries this year. It is 40 years since the firm was first established in 1973 by the legendary Michael Boyce and ten years since it ‘set up shop’ in Wagga Wagga. 

The firm’s proud history of rural practice began in the Monaro region of New South Wales with the establishment of an office in Cooma in July 1973. Today Boyce has five offices located in major regional centres across NSW and a staff of more than 140 – making it the largest independent accounting practice in regional Australia.
 
The Wagga Wagga branch of the firm was opened on 31 March 2003 under the leadership of director Simon Sellars. 

Read more >

Government Announces Proposed Changes to Super

Government Announces Proposed Changes to Super

5 April 2013

Those with more than around $2 million in superannuation will lose some tax concessions under changes to the superannuation system announced today by Treasurer Wayne Swan. 

Included in a raft of measures detailed by the Treasurer, a tax exemption on superannuation earnings supporting pensions and annuities will be capped at $100,000, and anything above that level taxed at a rate of 15 per cent.

Read more >

A Secular Bull Market in Shares Close, but returns constrained

A Secular Bull Market in Shares Close, but returns constrained

27 March 2013

Dr Shane Oliver, Head of Investment Strategy and Chief Economist with AMP Capital Investors speculates that the secular or long-term bear market in global developed country shares is over and we may see the return of a bull market... but he cautions returns are likely to be constrained.

This article is brought to you by Boyce Financial Services, the financial advisory division of Boyce Chartered Accountants. Click here to download a PDF of the original article including graphs. 

KEY POINTS 

Read more >

Industrial Relations Changes in 2013

Industrial Relations Changes in 2013

27 March 2013

The industrial relations landscape is ever-changing. If you are an employer it is more important than ever to keep abreast of the legislative changes to avoid costly penalties, or worse. 

Many of the changes being rolled out during the 2012/13 financial year affect the cost of employing people and at least one, the mandatory increase to employer superannuation contributions, increases costs significantly. 

Some of the most important changes are set out below: 

Read more >