After the Federal Treasurer’s rhetoric on his Government being the government for small and medium business, the Federal Budget delivered on 8 May 2012 is remarkable in that if contains no new meaningful support to businesses that are not loss making.
Following an eventful 18 months in the Courts fighting taxpayers over disputes regarding the effectiveness & legitimacy of distributions by trustees (Bamford’s case), the Tax Office has announced new compliance measures for trustees of discretionary trusts in relation to 2012 trust distributions.
If the Government raises the super contribution tax to 30% for high income earners in the budget next week, will you be affected?
Quarter 1 of 2012 brought mixed messages in Australia, with two months of strength, followed by a weaker March.
Peter Bond, Billionaire Entrepreneur and CEO of Linc Energy joined us last month for Prosperity Advisers’ Business Leaders Dinner.
Regardless of where fault lies, you have to feel for the Rinehart family. All families have conflict from time to time behind the privacy of closed doors. Wealth creates a platform that allows individuals to “shout louder” through the courts and the media.
The Prosperity Advisers Transactions team has been hard at work driving one of Australia’s largest capital transactions throughout 2012, and now, we are pleased to celebrate Primo Smallgood’s success.
Prosperity’s Family Office has added another $150M to their fast growing pool of funds under management with the addition of a further three high net wealth investor families.
Running a business with others whether through a company, trust or partnership is not something that many people step into lightly. Most get to know their business partners for months or years before they go into business, building trust, rapport and structure around them as they go.
The fourth quarter of 2011 was rather lackluster, with Australia declining in confidence and market strength on the equity, commodity and property fronts into year-end.
Disciplinary action from the investigations into corruption in our State and Local Governments littered the press recently, with many Councils and State Government Departments now under increasing internal and external scrutiny over contracts awarded and gifts received.
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