We all get bombarded with information from every source possible and frankly, it's too much. Even if you haven't already flicked it into spam you probably don't have time to read it. We call it Information Overload. So, on this page we've selected big picture news items we think are relevant and of interest to our clients.
You may have read about two major online security breaches, Heartbleed and eBay hack, which generated headline across the globe. It has since been found that more than 1.6 billion internet username and password combinations have been stolen by a Russian crime gang in a large-scale security breach. The confidential material was gathered from over 500 million email addresses and 420,000 websites across the globe. What’s more, Australians are at risk of being affected by the cyber-attack due to our extensive use of overseas websites, such as online shopping or having personal information registered with a company.
Losing an original document can be quite a stressful event, particularly when you have no backups. A constant question is: "Can I destroy my originals now that I have made a digital copy?" In a world where everything is moving to digital, how should you handle original documents?
After a weak start October proved a better month for financial markets. Bonds and equities rallied, with REIT’s performing particularly well. Commodity prices declined further and the $A was little changed in the month. A generally positive earnings season in the US combined with supportive statements from major central banks contributed to the better month for equities.
In 2015 WLM turns 10. We look forward to you joining us to celebrate our first decade.......more details to come!!!
From 1 January 2015, income from superannuation pensions will be taken into account in determining whether you are eligible to receive the Age Pension (full or part payment) or the Commonwealth Seniors Health Card (CSHC). This might affect your ability to access either of these social security benefits in the future.
From 1 July this year it will be compulsory for employers with 20 or more employees (large employers) to pay contributions to your SMSF electronically. Plus from 1 July 2015 it will be necessary for all employers (including small employers with 19 or less employees) to make contributions electronically.