Due to the government announcing massive fiscal measures in the last two weeks we would like to encourage all our regular BAS clients to please organise to deliver (preferably by email) your March BAS documents/files to us as soon as possible as you may be entitled to the Boosting Cash Flow for Employers government stimulus package.
To help you gain a better understanding of the government stimulus measures that you may be able to access, we have summarised the key developments as they stand so far.
In Australia, economic growth in the September 2019 quarter remained weak with annual growth at 1.7% in the Autumn 2020 economic outlook.
The trade war between the United States and China continued during the September 2019 quarter as the US imposed new tariffs on goods imported from China.
Slow economic growth is a global theme, with few exceptions. The Australian economy is not immune to this slowdown.
The recent Federal election will have a major influence on the economy as will government spending in the future. Read why.
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Australian economy The Australian economy is growing in line with the Reserve Bank’s forecast. Growth in consumption and the contribution from net exports was higher in the June quarter than the March quarter, and the decline in mining investment has mostly passed. Household consumption growth… Read More >>
It is said that a bubble is just a bull market that you’re not in. A pithy one-liner that neatly captures the fine line between good fundamentals and overvalued assets. One way of looking at this housing bubble is to flip the question on its… Read More >>