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August Newsletter 2024

Welcome to a New Financial Year!

And just like that, Winter is almost done here in Australia! As I write this, it is forecast to be 20 degrees and more like a sunny Spring day – bring it on, as this is probably the best season of them all! New growth, new life and rejuvenation.

How is your 90-day Action Plan for this quarter of 2024 going? Do you need some accountability, extra motivation and guidance in 2025? If so, reach out and we can make you part of our new monthly Accountability Group of like-minded business owners that want to succeed and excel. We can also show you how our business coaching program – Chasers Getting Results™– works if you really want to take your business to the next level!

Our theme for our blog posts for this quarter of 2024 is ‘Productive People’ and focuses on how to get the maximum productivity out of each day for yourself and your Team for your business to move closer to achieving those dreams you are chasing. Be sure to check out our daily blogs and weekly podcasts for tips, strategies and ideas to help you achieve success more quickly.

We have been building AI Agents (artificial intelligence bots) that will help us greatly create efficiencies and quicker results in our daily workflows. Just this week we will be fine-tuning our 24/7 customer service beta version before launching it to the public. We will have a trial period of one month and will be asking you for your opinions. And as soon as we have built this technology and are happy with its application, we will be running an event to show you how you can do this too.

This month, we welcome Kaye Vilar to the Ceebeks family. Kaye is part of our International Team and will be part of the support team for our lending and accounting Teams. We wish her well in her future role with the team.

Looking to start a business? Get a copy of our latest book before you do to fast-track your success 

Or looking to grow your business in these tougher economic times?

Both books are for any aspiring entrepreneur who wants to grow their business and to understand what to look out for and avoid when they start their business, too!

Our theme for this quarter is ‘Productive People’. We focus on ways to keep your Team and yourself laser-focused on the tasks and goals to be achieved for the next 90 days. Be sure to check out our daily blogs and weekly podcasts for tips, strategies and ideas to help you achieve success more quickly.

If you have not yet left a review for us on our Google Reviews, then now is the chance to do this and get 12 chances of winning a luxury 3-night holiday in Tropical Mackay in North Queensland. That’s right! By simply scanning this QR Code and following the instructions we will enter you in the monthly draw to win.

The winners so far were:

  • July – Heidi Monaghan,
  • August – Mark Struth
  • September – Felicity Barker
  • October – David Peart
  • November – Jodie Welsh
  • December – Josh Suringa
  • January – Ben Tolson
  • February – Harry Stevenson
  • March – Bronwyn Anderson
  • April – Nardia Curtis
  • May – Olivia Muldoon
  • June – Zeno Ando

July’s winner is:

Last month’s winner was:

If you are not successful in previous months, you will be automatically re-entered for the following month giving you up to 12 possible chances of winning this awesome holiday. As soon as you leave a review our Team will be notified and will enter your name in the draw. Good luck!

The latest edition of our National Award Winning Magazine – No. 17 – is now published and available for you to read. It features local seamstress, Tamara Duffy from Tamara’s Alterations & Sewing, heaps of educational tips and ideas and an article by the Government Grant Guru, Kim Yabsley – CEO & Founder of Growology.

Don’t forget to check out our latest podcast episodes on The Chasers Channel.

  1. Episode 56 – Home Loan Tips – Redraw vs Offset
  2. Episode 57 – Chasing Your Dreams with a Business Coach
  3. Episode 58 – Employee or Contractor – Know the Difference?
  4. Episode 59 – The Mystery of Business Insurance

We release a new episode every Sunday so make sure you follow our podcast to get the latest news, tips and strategies for bringing you closer to achieving the dreams you are chasing.

Latest Episode Here

Key Dates in August 2024

14 August

Lodge PAYG withholding payment summary annual report for:

  • large withholders whose annual withholding is greater than $1 million
  • payers who have no tax agent or BAS agent involved in preparing the report.

21 August

Lodge and pay July 2024 monthly business activity statement.

25 August

Lodge and pay quarter 4, 2023–24 activity statement if you lodge electronically.

28 August

Lodge and pay quarter 4, 2023–24 Superannuation Guarantee Charge statement if the employer did not pay enough contributions on time.

Note: Employers who lodge a Superannuation Guarantee Charge statement can choose to offset contributions they paid late to a fund against their Superannuation Guarantee Charge for the quarter. They still have to pay the remaining super guarantee charge.

Lodge Taxable Payments Annual Report (TPAR).

Note: The TPAR tells us about payments that are made to contractors for providing services. Some government entities also need to report the grants they have paid in a TPAR.

Will BNPL or online betting impact my mortgage application?

When applying for a mortgage, lenders scrutinise your financial habits to assess your creditworthiness. Gambling activities, such as online betting, or using ‘buy now, pay later’ (BNPL) can potentially negatively impact you in the eyes of a lender.

Gambling

Lenders view regular gambling, even small amounts, as a red flag. Online betting platforms in particular are closely scrutinised.

  • Frequency matters: Regular gambling, even small amounts, can potentially lead to an automatic decline.
  • Large withdrawals at casinos or pubs, especially late at night, signal risky financial behaviour to a lender.
  • Even modest betting is viewed more negatively than other discretionary spending.

To improve your application, consider pausing or significantly reducing gambling activities for at least 3-6 months before applying.

Buy Now, Pay Later (BNPL)

While BNPL services might seem harmless, they can impact your borrowing capacity quite significantly.

  • BNPL is considered a form of debt, even if paid off regularly.
  • Similar to credit cards, BNPL limits affect overall borrowing capacity.
  • Opening a BNPL account can reduce your credit score by up to 80 points due to credit checks.

To strengthen your application, consider reducing or eliminating BNPL and any associated accounts.

Ahead of applying for a mortgage, it’s important to take stock and have a good hard look at the way you are spending your money.

Lenders want to see that you are a responsible spender with the means to pay them back. They want to see that you can save money, manage debts well and not spend more than you earn.

A great place to start is to talk to our mortgage broker who can sit down with you and look at your current financial habits and see where you can improve. Once you’re in a strong position, then you can look to apply for finance.

House Prices Set Another Record

House prices in Australia’s capital cities have reached new highs for the sixth consecutive quarter, though the growth rate is decelerating.

According to Domain, the combined capital city house prices rose by 1.3% last quarter, consistent with the previous quarter but slower than mid-2023.

Sydney house prices hit a record high of $1.66 million, increasing by 1.3% for the quarter. Melbourne houses saw their strongest gain in 2.5 years, rising by 1.7%. Meanwhile, Brisbane house prices are on track to surpass $1 million next quarter.

In Perth, house prices exceeded $800,000, with an increase of $448 per day over the past year. However, unit price growth slowed significantly, growing at a rate four times slower than the previous quarter.

In case you missed some of our recent Blog Articles, here are a couple you might find interesting

Sowing the Seeds for a Happy Retirement

Hello Chasers, This is a topic that is close to my heart as I have an active interest in helping our older customers navigate their challenges whilst also planning for my own. Retirement is a time…

Read More

Fringe Benefits Tax Audits on the Rise: Don’t Get Caught Out!

Hello Chasers, We all know that running a small business is tough enough at the moment without the added stress of an ATO audit. However, fringe benefits tax (FBT) audits are becoming increasingly common, and many…

Read More

7 Productive Principles to Live By

Hello Chasers, I’ve been in business for over 35 years now and along my journey I’ve learned a lot of things which have helped make my time more productive and more successful. There’s a certain method…

Read More
View More Here

Host Your Next Event in Our Stunning Space Room

A Purpose-Built Workspace to Hot Desk or Conduct Your Meeting

Our new business space, christened ‘The Chasers Hub’ at the Fletcher Jones Business Centre is available for hire. If you need to run a training meeting, hire a ‘hot desk’ or host a virtual presentation then check out the availability of the space with our online calendar or contact Shannae Hewett  on 55612643 and she will discuss your requirements and organise these with your booking.

See Top Reviews

Worried about your Home Loan Interest Rates or
Need Finance for that new Ute & Machinery?

If so, now is a good time to review your financial position and your wealth protection cover to ensure a life event such as heart attack, cancer or death doesn’t leave your loved one’s with a debt that they cannot pay back! Contact Angela Tirabassi on 55612643 if you would like to discuss a solution today!

Have you increased your debt levels (Home/Business Loans etc.) recently?

Contact Dale Wilson-Rea on 55612643 for the most competitive rates & taxeffective structuring of your finance today!