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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.

Multi Factor Authentication 28 Feb 2019
Unfortunately, identity theft and unauthorised access to online data has become one of the biggest threats to individuals and businesses in today’s digital world. New data breach laws bring with it mandatory disclosure policies that businesses must adhere to meaning it is now more important than ever that business owners take appropriate steps to reduce the risk of unauthorised access to data. Additionally, as our digital world has become more complex, the concept of a single password being sufficient protection from bad actors is outdated and you should be doing more to ensure your data is safe.
The dynamic Australian tax landscape 28 Feb 2019
With an upcoming Federal Budget on 2 April 2019 and Federal Election that must be held before 19 May 2019, we are entering a “perfect storm” situation where various political parties are proposing a variety of tax policies that they hope will give them a better chance of winning the Federal Election.
Aspects of Negative Gearing Australian Real Estate 30 Jan 2019
Negative gearing will again be a political issue during the lead-up to the next Federal election.
CGT hitting home while living abroad 30 Jan 2019
Most Australian homeowners are quite familiar with the Capital Gains Tax (CGT) exemption that is generally available to individuals on the sale of their main residence. However, for Australians (both citizens and permanent residents) that are currently living overseas and considered a foreign resident for tax purposes, there is currently a frustrating state of uncertainty as to how they will be taxed if they sell their home while living abroad.
The “Trusted Employee” Syndrome 27 Nov 2018
The number of corporate fraud investigations continues to steadily increase, so greater emphasis needs to be placed on prevention, particularly as it is a lot cheaper to prevent than to investigate.
EU-Australia FTA: in defence or defiance of a failing system? 22 Oct 2018
Free trade agreements have historically received bipartisan support in Australia, an expected stance for a resource-rich nation desiring diversification of its economic base and export market dependencies. North Asian deals have brought a significant trade upswing in both goods and services, although some remain concerned that the benefits accrue largely to big business with SME’s missing out. Continuing public support for Australia’s future free trade negotiations will likely rest upon their benefits being more readily accessible to larger parts of the economy.