Well another year is here! 2019, only 12 months till we hit 2020 which seems like a pretty special number. I think we should all focus on making 2019 one to remember!
What is in store for us this year;
- We have a federal budget coming up soon, and with an election to follow immediately after the budget we can expect some form of bribes to be given to encourage us to elect the current government back into power. If these sweeteners take the form of tax reductions or other things like new infrastructure is yet to be seen.
- We have a federal election. If labour wins there are some quite major changes to the tax system they have planned, only time will tell if a) they will and b) if they successfully implement their plans.
Overall the economy seems sound with reasonable growth and low unemployment. In Melbourne to property market is forecast to continue its fall. (pretty much all economists & market commentators agree on this) and more locally the Mornington Peninsula property market is forecast to take a breather and show little or no growth over the next 12 months.
If you are planning on making 2019 the year you get your tax and books in order – don’t hesitate contact us today. We are here and ready to help. :)