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Market sentiment improves on hopes for a vaccineLocal and global shares inched higher this week, getting some support from hopes of a vaccine and more economies opening back up. Read More |
Your Personal Finances with Scott NorrishScott recently partnered with The Travel Hub Industry to discuss managing your personal finances in the current economic environment. Read More |
Investor sentiment sours on poor economic dataLocal and global equity markets fell this week as poor economic data overwhelmed investor sentiment, which was also hit by concerns regarding rising virus infection rates on some countries re-opening. Read More |
NSW Land Tax ReliefFollowing the NSW Government announcement of land tax relief for commercial and residential landowners they have now opened the application process. Read More |
Equity markets higher on reopening plansLocal and global equity markets rose this week, with investors buoyed by hopes of economies reopening. Read More |
ASX posts its best month in 32 yearsLocal and global share prices moved higher this week, with investors buoyed by additional central bank stimulus and positive results from a drug trial treatment for the virus. Read More |
Investors Take a Back Seat as Economic Fears Hit HomeLocal and global equity markets fell this week as concerns regarding the economic contraction began to be felt. Read More |
ATO announces blanket lodgement deferralsThe Australian Taxation Office has announced blanket lodgement deferrals for the 2018-19 tax year due to the current COVID-19 pandemic. Read More |
Small Business COVID-19 Support Grant for up to $10,000The State Government has introduced small business COVID-19 support grant for small business that have experienced a significant decline in revenue as a result of COVID-19. You may be eligible for the small business support grant of up to $10,000. Read More |
Markets buoyed by re-opening plansLocal and global equity markets moved higher this week, buoyed by comments from leaders around the world regarding gradual re-opening plans and dates. Read More |
It's time to prepare your business to receive the JobKeeper PaymentsBy now every business owner and employee in the country will have heard something about the JobKeeper stimulus announced by Prime Minister Scott Morrison and Treasurer Josh Frydenberg just over a fortnight ago, with entitlements for payments of $1,500 per employee, to be provided as subsidies for eligible businesses commencing effectively 30 March 2020. Read More |
JobKeeper UpdateWhile the legislation was passed overnight, there is still not much clarification over the mechanics of the JobKeeper payment. Read More |
Webinar: Financial strategies for your business during the COVID-19 pandemicMaxim CEO, Scott Norrish, in collaboration with The Travel Industry Hub, have hosted a Webinar discussing the issues currently affecting businesses as a result of the COVID-19 pandemic. Read More |
Extraordinary Stimulus Continues As Virus Worsens in the USGlobal equity markets fell this week whilst the Australian equity market was slightly higher at time of writing. Read More |
COVID-19 Information and Resource SupportThe COVID-19 pandemic has presented, and will continue to present, unprecedented challenges for businesses and individuals alike. Read More |
Covid-19 Update - Federal Government Third Stimulus - 4:40PM 30 MarchPrime Minister Scott Morrison and Treasurer Josh Frydenberg announced the third round of Federal government stimulus measures, in response to the ongoing coronavirus pandemic. Read More |
Fiscal and Monetary Stimulus Buoys Investor HopesLocal and global equity markets finished higher for the week, at time of writing, with sentiment boosted by significant central bank and government stimulus. Read More |
COVID-19 UPDATE: Federal Goverment Second StimulusEarlier today (Sunday 22nd March 2020), Prime Minister Scott Morrison announced a second round of Federal government stimulus measures, in response to the ongoing coronavirus pandemic. Read More |
Covid-19 Central Bank Policy ResponseSome of you may have seen or heard of the recent policy action from central banks around the world in response to the significant economic and market impact caused by the response to control the spread of the virus. Read More |
COVID-19 - Support for You and Your Business in These Tough TimeLike you, we have been closely following the events of the Coronavirus (COVID-19) pandemic as it continues to disrupt health systems, economies and financial markets across the globe. Read More |
Economic Stimulus PackageIn the wake of the current economic environment, the Australian Government has announced a $17.6 billion economic plan to assist the Australian economy, part of which will be allocated to support small to medium sized businesses. Read More |
Market Update - 13 March 2020No doubt many of you would’ve seen the large falls in equity markets over the last couple of days. Today will be no different, given the large falls we saw overnight in global equity markets. Read More |
Investors undecided on the path forwardWelcome to our weekly blog written by our Investment Consultant Chris Lioutis. Read More |
The role of a trusted advisorSo what does a trusted advisor mean? Read More |
Equity markets take a breather on coronavirus concernsLocal and global markets finished flat to slightly lower this week as concerns rose regarding the spread of coronavirus and US President Trump stepped up tariff threats on the EU. Read More |
Aussie and US Equity Markets Push Through New HighsLocal and global equity markets moved higher this week, with investor sentiment buoyed by the official signing of the US-China trade deal Read More |
Year in Review and Outlook for 2020It’s fair to say that 2019 was a bittersweet year, characterised by some of the highest political and economic risks we’ve seen in some time with the backdrop of some of the best investment returns we’ve seen in the last decade. Read More |
Financial Planning Weekly Update - Week ending 6 December 2019Equity markets confused on mixed trade war messaging Read More |
2020 VisionAre you clear on where your business is headed? As we approach year 2020, it is a great opportunity to consider what you really want for you and your business. Read More |
Maxim Economic Breakfast with Philip GardnerWe invite you to attend our upcoming breakfast with guest speakers, Wests Group and Newcastle Knights CEO, Philip Gardner and Maxim's resident economist, Greg McKenna. Read More |
Why is succession planning so important?We don’t always get the chance to decide exactly when we leave our business. It may come as a result of sickness, illness, a relationship break-down, or many other reasons. If we don’t have a plan we may need to make one on the fly, or worse still, be dictated by someone else making one for us. Read More |
5 steps to not only survive, but thrive!One of the best pieces of advice I have received is “If nothing changes, nothing changes”. If businesses become complacent and just continue to do what they did yesterday, it is only a matter of time before they lose their competitive edge, technology takes over, or they just simply become complacent. Read More |
Maxim EventsMaxim prides itself on delivering quality information and events to our clients. We have created a significant network of like-minded people including our clients, referral partners and prominent individuals in the Newcastle area with which is valued amongst those involved. Read More |
Every business owner needs to know - the difference between profit and cashIf I had collected “2 bob” from every good customer who has posed the question; “where has my profit gone?” …well, I’d have quite a few extra dollars. Read More |
Maxim Economic Insights - June 2019In the space of a few months Australia’s financial regulators – APRA and the RBA – have reacted aggressively to the economic slowdown and housing market falls which were threatening to derail Australia’s almost three decade run of economic growth without recession. Read More |
5 ways to make your life more simple!If managing life’s everyday complexities only seem achievable when you’re daydreaming about the chef, cleaner, personal assistant or nanny that you don’t have, you’re probably not alone. Read More |
Total & permanent disability insuranceTotal & permanent disability insurance provides cover if you (as the name suggests) become permanently disabled from a serious accident or illness. Like life insurance, TPD cover pays out as a lump sum & can be held either personally or through your superannuation. Life & TPD insurance are generally provided together within superannuation funds by default, however like these covers may be smaller than required amounts that decrease with age. Read More |
Aliferous (Alfie) - Our girl with wingsThe Maxim team is currently racing a 3-year-old thoroughbred called Aliferous, affectionately named “Alfie” in the office. Read More |
Maxim Economic BreakfastWe invite you to attend our upcoming economic breakfast with guest speakers, Tony Brasier of PRDnationwide and Maxim's resident economist, Greg McKenna. Read More |
The importance of scaleBusinesses that do not grow their revenues to achieve the appropriate “scale” will always struggle to provide the appropriate financial return to the business owner to reward the inherent risk of business. Read More |
Tax planning: Being proactive will save youHave you done your homework? For those clients who've already had your 2018 tax planning meeting, or who are currently meeting your Maxim advisor, this is the time to refresh on those action plans. What do you need to do before 30 June, to lock in those tax savings? Read More |
An interesting week for financialsNormally the most important dates in the financial calendar for investors are the releases of their six-monthly profit results in February and August, but for most shareholders in Australian companies, the most important date for 2019 was not the announcement of their annual earnings this morning, but rather the release of the Hayne Report on Monday afternoon. Read More |
Life insuranceAs the old saying goes, there are two certainties in life: death & taxes. If these things are certainties of life it makes sense that every person should have two things: a good accountant & life insurance. If you are reading this currently, odds are you already have a great accountant but what is less certain is you having the correct amount of life insurance. Read More |
Don't risk losing your money machineImagine a scenario where you went to the store and came across a machine that was able to produce income worth tens of thousands of dollars for 50+ years, how much do you think something like that would cost? Read More |
Success is what you make it!Being a business owner is not easy and, in most cases, can be quite lonely. If you are a relatively new business owner you may be asking yourself, am I doing this right? What can I do better? Read More |
Staff first, customers second, shareholders thirdSir Richard Branson lives by the credo of “Put your staff first, your customers second and your shareholders third.” Like everything Branson, an interesting proposition, but what, how and when? Read More |
CybercrimeCyber Threats come in all varieties – and no two ever attack your business from the same angle or in the same way. Threats can occur directly from the outside, while others may have some insider help. Read More |
Maxim presents Matt HallMaxim presents Matt Hall from Matt Hall Racing Read More |
Key business lessons learned from the Smithink 'Young Guns' workshopEarlier in the year, I was given the opportunity to speak at the Smithink Young Guns Workshop, a two-day conference for young(ish) accounting professionals held at the Hilton, Surfers Paradise Read More |
Is mine as big as yours?It’s human nature to compare ourselves to others. How we look, what we own, and how successful we are. The same applies to business. Read More |
Common frustrations in business - Part 1The question I often ask business owners is…. Do you have any frustrations in business? Let’s explore this a little more and look at what actions can be taken to reduce any frustrations. Read More |
Common frustrations in business - Part 2In Part 1, I mentioned two of the four common frustrations in business, namely cashflow and staff. The other two common frustrations I hear are ‘How do I grow my business’, and ‘Work/life balance’. Read More |
Maxim presents Mark McCrindleMaxim Advisors, McCrindle Research and NAB Partners present Newcastle's 'Business Confidence Briefing' event Read More |
KPI's for Newcastle's cafe coming of ageWith the revitalisation of Newcastle in recent years, we’ve seen a growing number of cafés opening their doors around town and our suburbs. Novocastrians have embraced the crema and aromas; some even say we’re coffee snobs. But what makes one café buzz long-term while another falls flat? Read More |
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