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Centric Wealth Blog

Welcome to the Centric Wealth Blog. We invite you to follow our blog, learn from our blog articles, view updates on our company and more.

Trump’s battle a win for Australian exporters 24 Sep 2018
Political posturing between the world’s two largest economies could be a silver lining for other countries with the capability of reliably supplying high-quality fresh produce. Reading the headlines over the past few months, the casual observer can be forgiven for thinking the world’s two largest economies are about to drag themselves (and the rest of us) into the abyss of a global trade war. Newspaper-selling headlines aside, the reality is far more nuanced. The likelihood of a trade war is still a remote possibility and shouldn’t form baseline projections
Banking Royal Commission - Life Insurance 24 Sep 2018
The Royal Commission has now turned its focus on the Life Insurance industry. The hearing is set to run from the 10th to the 21st of September. This round of hearings considered issues associated with life insurance and general insurance along with the regulatory environment of the insurance industry.
Startups – Potential to Flourish 24 Aug 2018
A new venture is always exciting and premised with good intentions, but care should be taken to appropriately address risks associated with establishing a new business in the market. On the back of the recent Australian startup, Unlockd, going from potential IPO to voluntary administration in the space of weeks, this article explores some risks and considerations that business owners and their advisers should address ahead of a full launch.
Tax Incentives for Early Stage Investors in Innovation Companies 24 Jul 2018
The Government has introduced new tax incentives to boost investment in early stage innovation companies in Australia. In particular, these tax incentives are designed to encourage new investment in small Australian innovation companies, often referred to as ‘startups’, with high-growth potential. In our experience, the startup community are very interested in accessing the concession for their investors, however there have been difficulties with entities satisfying the relevant eligibility requirements.
Directors – What to look for before you sign financial statements! 24 Jul 2018
As 30 June has passed us by, we are now officially in reporting season. It’s time for directors of all entities to fulfil their reporting obligations and report the financial position and performance to ASIC, ACNC, shareholders and banks.
Franking Credits and SMSFs – the proposed position from both major political partie 29 Jun 2018
There has been a lot of media coverage recently in regards to how franking credits will be treated within SMSFs in the future given recent announcements from the Government (as part of last month’s Federal Budget) and the Opposition (their proposal was announced about a month beforehand).