5 things for business owners to review before 2015

Now the end of the calendar year is fast approaching, and many businesses shut down or partially close over the Christmas and New Year period, it is a good time for business owners to focus on areas they would normally put to the bottom of the pile. These may include:

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Financial System Inquiry – what it means for SMSF property investment

The Financial System Inquiry recently released its recommendations. Headed by Mr David Murray, the panel aims to lay out a blueprint for the financial system over the next decade. Previous inquiries (Campbell report in 1981, and Wallis report in 1997) were the catalysts for major reform in the Australian financial sector, including floating of the Australia dollar and deregulation of the financial sector, changes to financial services regulations, the creation of Australian Prudential Regulation Authority (APRA), and changes to ASIC.

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