Cutcher & Neale in Newcastle West | Accountant

Cutcher & Neale

Locality: Newcastle West

Phone: +61 2 4928 8500

Address: 130 Parry St 2302 Newcastle West, NSW, Australia

Website: http://www.cutcher.com.au/

Likes: 368

Add/Update information

Reviews

Tags

• Business service
• Consultation agency
• Accountant
• Business consultant

25.01.2022 One of the key areas of debate in the Biden vs Trump election has been around taxes. Despite Trump’s campaign rhetoric that these tax increases will crush middle America, it is likely that more than 80% of the tax increases will be paid by the wealthiest 1%. Biden has been very clear on his intentions to undo some of Trump’s tax cuts including moving the top rate of income tax back up from 37% to 39.6%, increasing payroll levies on higher incomes and raising the corporate tax rate from 21% to 28% (although not all the way to 35% where it was before President Trump’s drastic 2017 cuts). Read more in our Morning Market Update: https://bit.ly/33z9EAu

25.01.2022 We have been discussing for some time, the market led recovery in the US has been isolated to key major technology names (Alphabet, Amazon, Apple, Facebook and Microsoft), driving the S&P 500 index to record highs over the last six months. Read more in our Morning Market Update: https://bit.ly/33LQiIw

24.01.2022 The UK are facing multiple economic headwinds, and with a second wave of COVID-19 looming, extending the current stimulus measures, as well as adopting negative interest rates, is looking more and more likely. Read more in our Morning Market Update: https://bit.ly/35Y1qF0

22.01.2022 The government has halved the minimum pension draw-down requirements for the 2019/20 and 2020/21 financial years for individuals drawing account-based pensions, transition to retirement pensions, market linked pensions (also known as ‘term allocated’ pensions), and any allocated pensions. https://bit.ly/3iyqXrO

21.01.2022 Global bellwether US stock index, the Dow Industrial Average, surpassed 30,000 for the first time on Wednesday, as investors relaxed from the political uncertainty that had built up leading into the US Federal election. The Trump administration now appears to be offering its ‘sincere’ assistance after the sitting president formally cleared the way for an orderly transfer of power, following a fortnight’s delay. Read more in our Morning Market Update: https://bit.ly/2JhobKv

20.01.2022 The equity market collapse in March and the subsequent recovery since April have been highly correlated with a rise and fall of the US Dollar against other global currencies. Read more in our Morning Market Update: https://bit.ly/36edEcH

20.01.2022 The third quarter US earnings season is all but over, with 84% of companies actual Earnings Per Share coming in above estimates, which is well above the five year average of 73%, which is near record levels. In aggregate, companies reported earnings that were 19.5% above estimates, which is well above the five year average of 5.6%. Arguably, this can in part be put down to extremely pessimistic and conservative expectations by those that elected to provide guidance at all, which was well down on normal. Read more in our Morning Market Update: https://bit.ly/3l4cX9q

19.01.2022 Modern Monetary Theory (MMT), the school of economic thought that believes governments with a fiat currency can, and should, print as much money as they need to spend irrespective of burgeoning debt levels. This theory has been gaining traction globally as way in which to combat the COVID-induced economic crisis. Read more in our Morning Market Update: https://bit.ly/3j0MXMd

19.01.2022 2020 has been a challenging year for everyone and circumstances have made it even more important for us all to stay connected. Today, Cutcher & Neale staff took time to enjoy a burrito lunch, check in with each other and raised $500 for suicide prevention. #RUOKDay2020

18.01.2022 The COVID-19 crisis could be used as a first chance for Biden to start showing Americans what his ‘Build Back Better’ campaign slogan looks like in real life. There are still hundreds of billions of dollars yet to be spent under the Cares Act, which was passed to help the country deal with the effects of the coronavirus pandemic. Read more at our Morning Market Update: https://bit.ly/2IkOEqD

17.01.2022 After a week of controversy, Boris Johnson's government has passed the ‘Internal Market Bill’ through the House of Commons. The Bill is designed to enable goods and services to flow freely across mainland Britain and Northern Ireland when the UK leaves the European Union's single market and customs union on 1 January. Read more in our Morning Market Update: https://bit.ly/3hBCNA1

17.01.2022 Last Friday’s US jobs report is a classic case of good news being bad news! The good news is the jobs report beat consensus expectations and was more positive than what most labour market indicators predicted. Private sector job growth accelerated, the unemployment rate fell 1% and permanent job losses as a percentage of employment did not rise. Unfortunately, this news reduces the likelihood of additional stimulus, which is a key driver of higher equity markets. Read more in our Morning Market Update: https://bit.ly/3pcmtuz

17.01.2022 Oil prices have stumbled in September as traders have grown nervous over the potential that further global lockdowns could fracture an already fragile recovery in consumption. Adding to the uncertainty has been the Saudi’s reluctance to commit to any measures to support the oil price during a period where investors are looking for clarity as to what OPEC are planning for in terms of supply. Read more in our Morning Market Update: https://bit.ly/3cGuWQO

17.01.2022 Carbon dioxide emissions have grown continuously ever since the Industrial Revolution some 200 years ago. The increasing use of fossil fuels have accumulated in the atmosphere, which has contributed to the planet warming. The 2015 Paris Agreement, signed by 190 countries, is committed to try to limit warming to below 2C. However, with 80% of global emissions produced by the world’s top 20 most polluting countries, this agreement has been missing the commitment of two of the world’s worst offenders. Read more in our Morning Market Update: https://bit.ly/302AUGC

16.01.2022 Australia’s Consumer Confidence is back at levels last seen before the nationwide lockdown in March, driven by tax cuts and lower interest rates. Reports this week from the Westpac Index of Consumer Sentiment noted a remarkable comeback following the October Federal Budget, with the index rising 11.9% in October to 105.0. Elsewhere, the NAB Business Confidence Index rose from -3.8 points to a 17-month high of +4.7 points in October, as the economy showed more encouraging signs. Read more in our Morning Market Update: https://bit.ly/32GVnCh

16.01.2022 According to the Federal Reserve’s forecasts, interest rates are likely to remain at rock-bottom until at least the end of 2023. America’s central bank indicated it would not raise interest rates until inflation had remained above 2% for some time. This is not new news, and more jawboning by the policy-setting Federal Open Market Committee (FOMC) reiterating these comments will continue whilst they are mulling over their asset purchase program. Read more in our Morning Market Update: https://bit.ly/32CuAY9

15.01.2022 Purchasing a medical practice is a big investment into your financial future. Getting it right from the beginning can be crucial in not only limiting your risk but also reducing your future tax implications. Read more at: https://bit.ly/2IQTVGp

14.01.2022 The last thing any central bank wants right now is a bond market sell-off and this week, the RBA clearly showed how determined they were in protecting the local bond market. Read more at our Morning Market Update: https://bit.ly/3eaUvfB

14.01.2022 Yesterday saw the announcement that we all have been waiting to hear, with a trial vaccine showing clear signs of efficiency. While this breakthrough is significant, it is being treated with a degree of apprehension, with transportation of the vaccine one key detractor. Storage and transportation of the potential vaccine at the required -70C could become a logistical nightmare and many have pushed back on the news, due to the potential lack of scalability. Read more in our Morning Market Update: https://bit.ly/3n4kvdU

13.01.2022 A chaotic and incoherent event in yesterday’s first of three US presidential debates provided little insight into the policies of each party, with both sticking to well-worn ground. President Trump talked over both Biden and the moderator with little consequence for 90 uninterrupted minutes. This has led to a discussion to grant the moderator power to shut off a candidate’s microphone during the next debate on the 15th October in Miami, with the final debate to take place in Nashville on the 22nd October. Read more in our Morning Market Update: https://bit.ly/3cKpHj7

13.01.2022 Inflation is the major talking point on financial markets at the moment, with the RBA entering the fray yesterday, talking down the likelihood of a significant uplift in inflation in their monetary policy statement. Read more at our Morning Market Update: https://bit.ly/3bQHZ26

12.01.2022 Are you studying towards your BA Commerce (Accounting) and looking to start your career within a highly respected firm? We are now taking applications for our 2021 trainee opportunities. To find out more visit: https://bit.ly/3ilrahI

12.01.2022 We have a number of exciting opportunities available due to growth within our team. Visit the Cutcher & Neale Careers page to take the first step towards a rewarding career within a highly respected, award-winning firm. https://bit.ly/2J6ZuRd

09.01.2022 The plan to enter a residential aged care facility can be a stressful time, but early planning and good advice can minimise the stress for you and your family. https://bit.ly/2E457NI

08.01.2022 The changes to the JobKeeper Scheme which were originally announced 21 July 2020 and 7 August 2020 have now been legislated.

07.01.2022 Our Investment Services team is searching for two talented and experienced individuals to join our Newcastle team. Take the first step toward securing your place within a highly-respected, hard-working and innovative team and apply today: https://bit.ly/3uRqabY

06.01.2022 This week our Marketing Manager, Lizzie and General Manager, Paula had the pleasure of meeting with Ben Payne and Dr Stephen Spencer from EquiEnergy Youth who Cutcher & Neale have been proud to engage with through our Community Support program. EquiEnergy Youth is a Newcastle based charity that aims to reduce psychological distress, self harm and suicide in young people by building capacity in the community around them. They do this by coaching the professionals that work with young people (i.e. educators, mental health services) as well as parents, on how to support the mental health of the young people through training and consulting programs. To find out more visit: https://bit.ly/3nUuYZO

06.01.2022 Despite Australian retail sales data for January coming in slightly weaker than anticipated (which was largely reflective of partial lockdowns in NSW and QLD), retail sales were up 10.6% in the 12 months to January, compared to the long run average pace of 3.8%. Read more at our Morning Market Update: https://bit.ly/3c6L1PM

06.01.2022 The ATO is targeting those who have apply for early access to Super because of COVID-19. Those who knowingly provided false or misleading information could face penalties of more than $12,000 on top of the tax assessment. https://bit.ly/2E4J3CB

05.01.2022 The US Election appears to have been decided and Cutcher & Neale Investment Services Partner Phil Smith and Senior Investment Advisor Mike Cooney are back to share their insights into current global investment markets, and how our investment team is responding. https://youtu.be/p8Xxx679ihQ

03.01.2022 This month’s breakthrough in the hunt for a COVID-19 vaccine, along with a weaker US Dollar, has rekindled interest in some riskier investments. Emerging market currencies and stocks have been big winners, with the MSCI Emerging Market Index now up 50% from its lows. Additionally, data this week from Bank of America showed the amount of money flowing into emerging market funds last week hit an all-time high. Read more in our Morning Market Update: https://bit.ly/2HGaBA9

03.01.2022 The impacts of the extended lockdown in Victoria are becoming more apparent in the stop-start nature of business and consumer sentiment. Both indicators rose in the latest month, but the details were less encouraging. To find out more visit: https://bit.ly/3bUaUlv

03.01.2022 We outline some of the key changes affecting self-managed superannuation funds. Read more at: https://bit.ly/32zvEMd

01.01.2022 There is an overwhelming amount of advice about how to establish and grow your business online including ‘experts’ that will tell you that you should spend all of your limited marketing funds on online advertising. But before you take the leap into paid online advertising, it pays to make sure you have the basics right. https://bit.ly/37J4bKr

01.01.2022 The world’s most famous investor, Warren Buffett, has long viewed the market cap to GDP ratio as the best measure of market valuation and relative expensiveness. The ratio, often called the ‘Buffett Indicator’, compares the market cap of all stocks in a country to the GDP of that country, encapsulating the idea that the stock market performance is ultimately tied to a country’s economic growth. Read more in our Morning Market Update: https://bit.ly/33gSo2S

01.01.2022 Australia’s budget deficit is set to widen from estimates just two months ago, with a forecast cash deficit of $198.5 billion in the 12 months through to June 2021, up from previous estimates of $184.5 billion. Read more in our Morning Market Update: https://bit.ly/2GjDwJ1

01.01.2022 The ‘quit rate’, produced by the Job Openings and Labor Turnover Survey (JOLTS) is a leading indicator of US wage growth and hourly pay rates and is closely monitored as a guide of wage inflation, given wages make up such a high component of a product or service’s price. Read more in our Morning Market Update: https://bit.ly/3khbug3

01.01.2022 Chinese technology companies have sold off aggressively in recent days, as anti-trust dialogue from China’s regulators gathers pace, with Hong Kong’s Hang Seng Tech Index down approximately 12% since Monday. The move follows the Ant IPO drama, which reminded investors that no one is bigger than the Chinese Communist Party, with the government now looking at increased regulation for monopolistic e-commerce giants such as Alibaba, where 20% of the country’s consumer goods are now sold. Read more in our Morning Market Update: https://bit.ly/3kldXG4