The ATO says despite its repeated warnings that it will crack down on work-related travel and rental deductions at tax time, it’s still been getting “dodgy” claims. Here’s some of the claims the ATO has rejected since people lodged after June 30. Car-related travel that there is no proof of Rental deductions with no valid basis […]

“The RBA’s monetary policy is now effectively impotent.” Michael Pascoe SMH We are now a low inflation country in a low inflation world. The cash rate being cut to 1.5 per cent, or down to 1 per cent or 0.5 per cent can’t and won’t change that. Consumers have become pretty much immune to softer policy. No business is being […]

What are the 10 top things you need to know to buy an investment property? Here are the things that give you a good flow of revenue, and hopefully show plenty of capital growth by the time you want to sell…. Make sure you do your research Don’t just look at the likely rental returns Another […]

“Persistently low inflation will force the Reserve Bank of Australia to cut rates twice more in 2017 to 1 per cent”, says NAB “With inflation forecasts still very low and the RBA showing its hand as a committed ‘inflation targeter’, it is seemingly less worried than we thought about using up some of its valuable […]

Our biggest banks moved fast on yesterday’s rate cut – coincidence or collusion? Within minutes of the RBA cutting the cash rate to an all-time low, the Commonwealth Bank announced a completely different way of responding. Instead of passing on all of the cut, it would only pass on half and pass on the rest […]