Business owners can look forward to energy bill relief, cash flow support and an extension of the instant asset write-off as part of this year's Federal Budget measures.
Insight
Here are some key priorities to ensure your wealth and investments are in great shape for the new financial year.
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Jamie Davison, co-founder of accountancy practice Carbon Group, reveals the five steps you should take before submitting this year’s tax return.
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What are Australia’s wealthiest doing to prepare for tax-time?
Based on responses from the March 2018 Quarterly Business Survey.
With far-reaching changes to super just around the corner, business owners need to understand what they will mean to them – before July 1.
Big cuts in corporate and individual taxation are key to Mr Trump’s election platform, aiming to boost the business sector and deliver increased spending power across the income spectrum.
Read more to learn how you could use asset-backed securities in your portfolio
A lot of small and medium businesses don’t realise they are conducting Research & Development when they improve existing products or develop new ones. They might be eligible for a generous tax incentive, but time to claim is running out.
The market is focussed on the next steps after the breakdown in talks between Greece and its European creditors overnight and Thursday’s Federal Open Market Committee releasing its latest forecasts and views on Thursday morning our time.
NAB has identified the top five strategies business owners should consider when they’re preparing for End of Financial Year.
Japan's unemployment rate has fallen, it's weak currency benefited its Current account and led to a surge in the stock market and Japanese banks are stable, well-capitalised and moderately profitable.
After years of studying to be a medical practitioner you’re finally earning an income. Philip Mawkes, a Senior Relationship Manager at Medfin, explains why it’s important to make your financial future a priority and shares a five-point plan to help you get off to a flying start.
Giving to charity grew by 2% over the year to February 2015. Growth slowed in most age groups and in all regions. Despite these challenges, the average donation size for all charities increased by $2 over the past year to $336 per donor.
The Budget proposed some important reforms to business taxation and paid parental leave.
A budget will help you to monitor the financial health of your practice – but that’s just the beginning. Stephen Allan, Credit Executive at Medfin Finance, explains how a budget can also help you to run a more productive and profitable practice.
Talking to the deregulation plan for SMEs that NAB presented to the Federal Government in December, Angela Mentis, Group Executive Business Banking, explains why it's important to seize opportunities that can help Australian business develop new markets and create more jobs.
Offering practical and achievable solutions for governments to act on, NAB’s Deregulation Plan for SMEs aims to help business grow and create more jobs for Australians. The plan was presented to Federal Minister for Small Business, the Hon Bruce Billson MP, on Monday 15 December.
It’s tempting for business owners to buy their own commercial property – the reasons are many and varied. So what’s the right step for your business? Finding an answer requires some careful consideration. We look at the pros and cons of renting versus owning.
Australians are giving more to charity than ever before, with the average annual donation size for all charities increasing by 3.6 per cent ($11) to $315 per donor. Overall charitable giving growth also continues an upward trend, increasing by 6.4 per cent in the 12 months to August 2014.
Since 2000, changes have been made to how philanthropic efforts are treated by the Australian tax system – offering smarter ways for donors to arrange their giving to benefit them and future generations. JBWere Consultant, John McLeod discusses how to structure your philanthropic giving.
The end of financial year is a busy time for the businesses, but there’s still an opportunity to get yours into shape for June 30. Executive General Manager of NAB Business, Angela Mentis shares seven practical strategies to help your business make the most of tax time.
The end of financial year is a busy time for the healthcare sector, but there’s still an opportunity to get your business into shape for June 30. NAB Health General Manager, Nehemiah Richardson shares seven practical strategies to help your business make the most of tax time.
In the leadup to the end of the financial year, NAB Private Wealth shows you how to build and protect your wealth the tax effective way.
In this edition, Business View magazine highlights the success of businesses working with, inspired and supported by family. Our cover story features how Mildura Brewery owners Stefano de Pieri and wife Donata Carrazza successfully blend family and business.
Farmers looking to retire or play a less active role in the family business have a special set of considerations at tax time. Farmers are encouraged to investigate the most effective tax solutions and their longer term wealth creation.
View the NAB Group Chief Economist Alan Oster’s presentation, 3AW commentator Tom Elliott’s assessment and the Q&A panel at our Federal Budget Breakfast in Melbourne.
Federal Treasurer Joe Hockey handed down the 2014 Federal Budget last night and there’s plenty to talk about. Our team of economists have analysed what it means for you, your business and a variety of key industries with our summary fact sheets.
Our leading team of economists have broken-down how the 2014 Federal Budget impacts Australian business. As well as analysis, we outline the key initiatives and how the industry is responding.
NAB Group Chief Economist Alan Oster outlines the key features of Joe Hockey’s 2014 Federal Budget announcement and analyses how it may impact Australia’s economic outlook and financial markets.
The Federal Budget contained few tax surprises, with most of the key revenue changes previously announced by the Government, including the expected additional tax for high income earners, while the Indexation of Fuel Excise will impose an additional cost on both business and individuals.
For small to medium business owners, the 2014 Federal Budget contained both certainties and uncertainties. Andrew Conway, Chief Executive Officer of The Institute of Public Accountants (IPA) shared his views on what the Budget means for the sector.
NAB’s Group Chief Economist Alan Oster provides his overall summary of Joe Hockey’s 2014 Federal Budget, including his initial thoughts, how it could impact small and large business, and the wider economic implications for the Australian economy.
Alan Oster, NAB’s Group Chief Economist provides his initial thoughts on the 2014 Federal Budget announcement.
Charitable giving grew by more than 8% in the year to February 2014, which is a substantial improvement on the 3.3% rate of growth seen in the previous year. Overall, charitable giving has grown by almost 19% since December 2010.
NAB Group Chief Economist Alan Oster provides a pre-budget overview of what he thinks we can expect to hear from Treasurer Joe Hockey’s first Federal Budget announcement next week.
Ahead of the upcoming Federal Budget, there is a lot of focus on the Commission of Audit’s findings, and putting the Budget on a sustainable medium term path as the population ages, health and pension costs rise, and the proportion of tax payers declines.
Donations grew 2.5% (12-month average) in August with an average annual donation of $312 per donor. Giving grew fastest for “Other” (12.8%) and Health & Disability (9.1%) charities, but fell for Humanitarian Services (-3.2%) and Medical Research & Services (-2.4%) charities.
Researchers say tax compliance is costing small businesses $28,000 a year - but Sue Prestney, spokesperson for the Institute of Chartered Accountants, believes that many are spending far more than they need. Here are her suggestions for saving time and money.
The government’s economic forecasts now recognise the softness of the domestic economy and the weaker outlook for commodity prices and incomes. In the near term the Budget now looks to be slightly adding to growth (rather than detracting as at Budget time).
In this edition, we delve into the experiences of finance commentator turned business builder Alan Kohler, detail bringing an invention to life and explore running a business in an extreme climate. We also cover retaining staff, handling tax in your SMSF and negotiating contracts in China.
As we approach the end of another financial year, Bongiorno Group’s Director, Michael Waycott, discusses tax-effective strategies, recent changes that may affect healthcare providers and why you should start planning now for next year’s return.
Nationally, farmers have been using Farm Management Deposits (FMDs) at record rates - the biggest month for deposits each year has traditionally been June, as farmers look to take advantage of tax benefits before financial year end.
At the end of the financial year it’s important to make sure your tax affairs are in order. The Australian Tax Office has provided information about recent changes that might affect your business and a checklist of common mistakes you’ll want to avoid.
Chances are you have a self managed super fund (SMSF) because you like the extra flexibility that it can provide. But to make the most of your fund, you need to keep up with the latest rules and legislation changes.
Understanding how the Federal Budget impacts you and your business can be complex. Our team of leading economists, tax and superannuation experts keep you up-to-date with all the latest news from the 2013 Federal Budget so we can help you get all your ducks in a row.
With the Federal Budget being handed down yesterday, we want to ensure you understand what it means for you and your business. Our team of economists and industry experts have analysed what the Budget means overall for Australian businesses, as well as focussing on specific industries
Following the announcement, NAB’s panel of leading economists and industry healthcare experts have analysed the Governments’ much-anticipated 2013 Federal Budget, and here they share with Health View their breakdown of what it means for the healthcare sector.
NAB’s Senior Tax Advisor and panel of leading economists break down the tax impacts from the 2013 Federal Budget. Understand what the changes are for individuals and businesses including a recap on those that were previously announced.
“What a difference a year makes”. NAB’s Group Chief Economist Alan Oster gives his detailed summary of this year’s Federal Budget. Who benefits from the Government’s proposed spending and who doesn’t, and what does it mean for the Australian Economy?
This year’s budget contains a number of negatives for the resources sector. NAB’s Group Chief Economist, Alan Oster, looks at where the government has targeted it’s efforts including impacts to exploration and many mining and energy programs.
NAB’s Group Chief Economist, Alan Oster, looks at the key reforms impacting Big business. The Federal Budget focuses on a crackdown on profit shifting, banning of dividend washing, reducing thin capitalisation safe harbour, removal of R&D and exploration incentives.
For business owners, the end of financial year is the time to get things in order. Here are 11 strategies that could help you build and protect your personal and business wealth in a tax-effective manner.
The Council of Small Business Australia’s (COSBOA) CEO, Peter Strong, provides his summary of what the Government’s Federal Budget announcement means for small businesses – do they stand to benefit or will they be worse off?
The Council for Small Business Australia’s CEO, Peter Strong, talks to Business View, about the key areas they’d like to see addressed in tonight’s 2013 Federal Budget announcement and how those areas could help the broader Australian economy.
NAB’s Chief Economist, Alan Oster provides a pre-budget overview of the Australian economy focussing on what we’ve already seen from the Government and commentary on the deficit. Join us on Wednesday 15 May for a full budget breakdown.
The carbon pricing budget black hole may sound bad now, but it’ll get far worse due to completely unrealistic assumptions in the Coalition’s budget costings. It’s been reported that Treasury will now dramatically revise down the expected revenue from the government’s carbon pricing scheme.
Charitable giving slowed in the year to February 2013 as economic conditions and consumption weakened, and business and consumers became more cautious. The NAB Charitable Giving Index grew by 2.6% (12-month average) in February 2013 – down from 8.3% in the same period one year earlier.
Want to maximise your retirement savings? Property investment through a Self Managed Super Fund could be an effective way to save for your retirement and may be tax effective.
Self managed super funds (SMSFs) have a number of benefits for farmers including control, flexibility and concessional tax treatment, but they’re not for everyone. Bill Adams, NAB’s National Manager of Agribusiness Wealth, discusses the pros and cons of SMSFs.
The first NAB Charitable Giving Index shows that charitable giving is growing, despite a softening domestic economy, flat employment growth and persistent consumer cautiousness. NAB and data analytics firm Quantium reviewed donations made by credit card, direct debit, BPAY and EFTPOS
What does the Federal Government’s Not-For-Profit (NFP) review, with legislation due to be finalised in October 2012, mean for the healthcare sector? JBWere’s Director of Philanthropic Services gives a lowdown.
Are your tax records are up to date? Do you know how to effectively reduce your taxable income? NAB Health’s John Minto shares some pointers.
This digital version of the 13th issue of Business View includes case studies and features designed to help you get your business firing on all cylinders.
Property can be a means to reduce your tax bills and help fund your retirement. Read up on tax tips and property strategies for the healthcare sector with NAB Health Senior Financial Planner, Matthew Wilson.
Self-managed superannuation can help you build personal wealth away from the farm. But you need to be aware of the rules.
No matter what the size of your business, it’s never too early to start securing a retirement nest egg and planning how to comfortably fund your future lifestyle.
Business owners can gain valuable tax concessions by establishing a self-managed superannuation fund.
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