Show Notes
Welcome back to CEO Breakdown.
Australia’s housing downturn is accelerating. National dwelling values fell another 1.1% in September, marking six consecutive months of declines, while 97% of capital city suburbs recorded falls over the September quarter. Sydney is now 8.6% below its February peak, with weakness spreading into Brisbane, Adelaide and Perth. Cotality
And the pressure just increased again. The RBA has lifted the cash rate another 25 basis points to 4.60%, citing elevated inflation, higher global energy prices and ongoing domestic capacity pressures. Reserve Bank of Australia
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In this episode, John Saade breaks down why the housing correction appears to be gaining momentum and whether forecasts of a much larger peak to trough decline are becoming increasingly plausible.
Chapters 00:00 Australia’s Property Downturn Accelerates 08:03 Is Mortgage Pain Worse Than 1990? 12:15 Sydney Suburbs Losing Up To $1 Million 15:27 Chris Minns Takes Aim At Government Spending 19:56 Australia’s Mortgage Stress Hotspots 24:40 Westpac Doubles Its Housing Forecast 27:44 ATO Credit Card Changes Hit Small Business 32:29 Government Debt vs Private Debt 35:30 Does Borrowing To Buy A Boat Save Tax?
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This content is general information and commentary only and does not constitute financial, tax, property, investment or legal advice. Speak with a qualified adviser about your own circumstances.
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Running your business through a company can be a great structure, but using that company incorrectly can create tax problems you never expected.In this video, Jacob Fahmy breaks down five of the biggest tax mistakes he sees company owners make, including treating company money like personal money, paying super late, buying vehicles through the company without considering FBT, ignoring ATO lodgements and leaving tax planning until after the financial year has ended.Jacob explains how Division 7A can apply when company money is taken personally, why unpaid super can create additional costs and director consequences, and why putting a car through the company does not automatically make it a good tax strategy.He also explains why lodging your BAS on time matters even when the company cannot immediately pay the debt, and why proper tax planning needs to happen before 30 June while there are still decisions available to you.The key takeaway is simple: having a company does not automatically mean you have a good tax structure. You still need to understand how money comes out of the company, when your obligations are due and the tax consequences of the decisions you make.Need an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/[email protected]://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, tax, accounting, legal, property or business advice. Speak with a qualified adviser about your own circumstances.#CompanyTax #Division7A #FBT #ATO #BusinessTax #TaxTips #Accountant #LatitudeAccountantsChapters00:00 5 Company Tax Mistakes00:42 Mistake 1: Treating Company Money as Your Own03:02 Mistake 2: Paying Super Late04:52 Mistake 3: Putting Your Car in the Company07:12 Mistake 4: Ignoring ATO Lodgements09:00 Mistake 5: Not Tax Planning10:49 How to Avoid These Tax Problems11:38 What’s Coming Next
Sydney’s property downturn is showing more signs of stress, with auction clearance rates falling sharply, sellers discounting, borrowing capacity tightening and unemployment moving higher.