July 2020 – Quickbooks Tip

July 2020 – Quickbooks Tip

July 2020 – Xero Tip

Quickbooks shortcuts to make life easier!

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QuickBooks provides various keyboard shortcuts to make your work easier.

Here are some shortcuts:

Ctrl+A    Displays the Chart of Accounts window

Ctrl+C    Copies your selection to the Clipboard

Ctrl+D    Deletes check, invoice, transaction, or item from the list

Ctrl+E     Edit transaction selected in register

Ctrl+F     Displays the Find window

Ctrl+I     Create invoice

Ctrl+J     Open Customer Center

Ctrl+M     Memorize transaction or report

Ctrl+N     New invoice, bill, check, or list item in context

Ctrl+Q     QuickReport on transaction or list item

Ctrl+T     Open memorized transaction list

Ctrl+W     Displays the Write Checks window

Ctrl+X    Moves your selection to the Clipboard

Ctrl+Insert    Inserts a line into a list of items or expenses

Ctrl+Delete    Deletes the selected line from a list of items or expenses

Need more help or information?

Click the link below to contact us at Plus 1.

Open Hours

Monday to Friday
8:00am to 5:00pm

Closed Public Holidays

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If you need to get us documents quickly, access remote support, or the MYOB Portal click the button above.

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Shepparton, VIC 3630

T: (03) 5833 3000
F: (03) 5831 2988
Email Us

Are You Invested In Line With Your Values?

Are You Invested In Line With Your Values?

Are You Invested In Line With Your Values?

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When most people think about investing, the first thought that often comes to mind is making money. And rightfully so, when you invest you will hopefully end up with more than you put in but are you willing to make money at the cost of your values and ethics?

Everyone’s values and ethics are different so this is not a simple yes or no question, but ethical investing is beginning to gain a lot of traction.

So, what is ethical investing?

Ethical investing aims to consider both financial return and environmental, social and governance (ESG) criteria. This is also known as socially responsible investing.

This investment strategy gives investors the ability to make investment choices that align with their values.

For example, let’s consider a vegetarian or vegan. Imagine this person is avoiding harming animals at all costs in their personal lives but their super fund was invested in companies that engaged in animal testing on its products.

Without knowing, this person is helping a company whose business activity directly goes against their moral standards and ethics.

So, how do we avoid investing in companies that go against our values?

When investing, it is now possible to “screen out” certain companies which engage in unsustainable business practices or contribute to environmental and social problems such as gambling, smoking, fossil fuels and the like.

If you do want to invest more ethically, it is important to do your homework. Just because an investment has ‘ethical’ or ‘sustainable’ in its name does not mean that it aligns to your specific values.

If you would like to learn more on Ethical Investing, please feel free to contact our Financial Planning team via email at wealthadvisors@plus1group.com.au or by phone on (03) 5833 3000.

Need more help or information?

Click the link below to contact us at Plus 1.

Open Hours

Monday to Friday
8:00am to 5:00pm

Closed Public Holidays

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If you need to get us documents quickly, access remote support, or the MYOB Portal click the button above.

Contact Us

27 Welsford Street
Shepparton, VIC 3630

T: (03) 5833 3000
F: (03) 5831 2988
Email Us

Market Insights – 27/07/2020

Market Insights – 27/07/2020

Market Insights

27th July 2020

Top ASX Stocks

CODE

PRICE

CHANGE

 

CODE

PRICE

CHANGE

CSL

$277.02

-2.42%

 

ANZ

$18.29

-0.60%

CBA

$72.86

0.90%

 

WES

$46.36

0.22%

BHP

$37.08

-3.26%

 

WOW

$38.63

-0.26%

WBC

$17.76

0.28%

 

MQG

$125.79

0.42%

NAB

$17.98

0.06%

 

FMG

$16.29

-0.97%

Market and Exchange Rates

MAJOR FOREIGN MARKETS

 

AUS DOLLAR IS BUYING

All Ords

6,148.00

-1.06%

 

US Dollar

0.7094

Dow Jones

26,469.89

-0.68%

 

Euro

0.6092

FTSE-100

6,123.82

-1.41%

 

GB

0.5548

Nikkei 

22,751.61

-0.58%

 

Yen

75.2000

Commodities

Oil (WTI)

41.260

0.68%

Gold

1,899.75

-0.01%

Iron Ore

107.780

-0.08%

Major Market Announcements

– Wall Street retreated on Friday, heading into the weekend with a broad sell-off due to weak earnings, surging coronavirus cases and geopolitical uncertainties.

– Major shopping mall owner Vicinity Centres has warned the ongoing economic downturn sparked by COVID-19 has forced it to devalue the worth of its property portfolio. In an update to investors on Friday, the owner of Melbourne’s iconic Chadstone shopping mall said its swath of properties had declined by 11.3 per cent at June 30, reflecting the financial woes caused by the pandemic that have changed the retail landscape.

– Investment banking powerhouse Macquarie Group has been accused in a US court of attempting to stifle claims of extortion and sabotage by purchasing an energy financing provider that was suing it for $US120 million ($169 million)

– Industry funds are calling on the government to release a retirement income report which could potentially change the amount of superannuation paid by employers to their workers.

Industry Super Australia (ISA), which represents 15 industry funds, has urged the federal government to make the Retirement Income Review report publicly available, so funds can gauge what impacts may occur to members’ retirement balances.
The report was scheduled to be handed to the government on Friday and will be the first review of Australia’s superannuation system in the past 30 years.

Market Update

The Australian share market has dropped, continuing its see-saw action for a 12th straight session, following slide on Wall Street as US deaths topped 1,100 for a third straight day.

The benchmark S&P/ASX200 index closed Friday down 70.5 points, or 1.16 per cent, at 6,024 points, while the All Ordinaries index finished down 65.9 points, or 1.06 per cent, at 6,148 points.

The Australian dollar was trading at 70.94 US cents, down from 71.52 US cents at Thursday’s close.

A Good Choice for You, and the Planet

There is more and more talk about ethical and socially responsible investing. Some investors are concerned about more than just profit margins, they want the feel good factor, where companies you invest in share your same values.

How do we access these types of investments? One option we share below is the BetaShares Australian Sustainability Leaders ETF (ASX: FAIR)

FAIR aims to track the performance of an index (before fees and expenses) that includes Australian companies that have passed screens to exclude companies with direct or significant exposure to fossil fuels or engaged in activities deemed inconsistent with responsible investment considerations.

The Fund’s methodology also preferences companies classified as “Sustainability Leaders” based on their involvement in sustainable business activities.

Benefits to FAIR:
– Invest in a way that is consistent with your ethical standards

– FAIRS’s investment methodology consists of stringent screening criteria, offering investors a true to label ethical investment solution

– FAIR does not invest in any of the “Big 4 Banks” or large Australian mining companies. In one simple ASX trade, you gain exposure to a diversified portfolio of ethical Australian companies.

– Low Management cost of 0.49%

– Distribution: Semi-Annual

– Gross 12 month distribution yield 4.20%

– Diversification benefits; exposure to 80 companies

Driving change. As more socially responsible projects and businesses are backed by investors, other companies will look to improve their ethical behaviours in order to attract funding. This can only be a positive for the environment and other meaningful social causes.

More to come on Ethical and Socially Responsible funds.

All Ordinaries (XAO) 5 Day Chart

Disclaimer: The advice provided is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where quoted, past performance is not indicative of future performance.

Open Hours

Monday to Friday
8:00am to 5:00pm

Closed Public Holidays

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If you need to get us documents quickly, access remote support, or the MYOB Portal click the button above.

Contact Us

27 Welsford Street
Shepparton, VIC 3630

T: (03) 5833 3000
F: (03) 5831 2988
Email Us

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Sentinel Wealth Unit Trust T/As Plus 1 Wealth Advisors (ABN:11 408 695 672) is an Authorised Representative of Sentinel Wealth Managers Pty Ltd
(ABN: 73 108 328 294) AFS Licence 322211 | Financial Services Guide

Update to JobKeeper

Update to JobKeeper

JobKeeper Payments

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Extension to JobKeeper Payments

The Government announced it is extending the JobKeeper Payment until 28 March 2021 and is targeting support to businesses who continue to be significantly impacted by the Coronavirus.

The existing JobKeeper Payment will remain in place until 27 September 2020 and new criteria will apply after this date.

Business Eligibility

From 28 September 2020, organisations seeking to claim JobKeeper payments will be required to reassess their eligibility for the JobKeeper extension, with reference to their actual turnover for the quarters ending June and September 2020.

Organisations will need to further reassess their eligibility in January 2021, for the period from 4 January to 28 March 2021. Organisations will need to demonstrate that they have met the relevant continuing decline in turnover tests, in each of the previous three quarters to remain eligible for the March 2021 quarter.

Businesses and not-for-profits organisations will still need to demonstrate that they have experienced a decline in turnover of:

  • 50 per cent for those with an aggregated turnover of more than $1 billion
  • 30 per cent for those with an aggregated turnover of $1 billion or less
  • 15 per cent for Australian Charities and Not for profits Commission-registered charities (excluding schools and universities).

JobKeeper Payment Rates

The JobKeeper payment rate will be reduced from the 28th of September and paid at two separate rates:

From 28 September 2020 to 3 January 2021, the payment rate has been reduced to $1,200 per fortnight for all eligible employees who, in the four weeks prior to 1st March 2020 were working in the business for 20 hours or more per week on average. This rate also applies to business participants who were actively engaged in the business for more than 20 hours per week.

Employees and Business participants who were working and actively engaged in the business for less than 20 hours per week on average, will receive $750 per fortnight.

From 4 January 2021 to 28 March 2021, the payment rate will be reduced to $1,000 per fortnight for all eligible employees who, in the four weeks before 1 March 2020 were working for 20 hours or more per week on average. This rate also applies to business participants who were actively engaged in the business for more than 20 hours per week.

Employees and Business participants who were working and actively engaged in the business for less than 20 hours per week on average, will receive $650 per fortnight.

For more information please refer to the following link.

Need more help or information?

Click the link below to contact us at Plus 1.

Open Hours

Monday to Friday
8:00am to 5:00pm

Closed Public Holidays

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If you need to get us documents quickly, access remote support, or the MYOB Portal click the button above.

Contact Us

27 Welsford Street
Shepparton, VIC 3630

T: (03) 5833 3000
F: (03) 5831 2988
Email Us

Market Insights – 27/07/2020

Market Insights – 20/07/2020

Market Insights

20th July 2020

Top ASX Stocks

CODE

PRICE

CHANGE

 

CODE

PRICE

CHANGE

CSL

$283.42

-0.34%

 

ANZ

$18.47

-0.91%

CBA

$72.60

1.11%

 

WES

$46.53

1.17%

BHP

$37.92

3.47%

 

WOW

$38.86

-0.03%

WBC

$17.89

-0.45%

 

MQG

$125.18

2.51%

NAB

$18.10

-0.28%

 

FMG

$16.39

9.27%

Market and Exchange Rates

MAJOR FOREIGN MARKETS   AUS DOLLAR IS BUYING
All Ords 6,144.90 0.36%   US Dollar 0.6987
Dow Jones 26,671.95 -0.23%   Euro 0.6117
FTSE-100 6,290.30 0.63%   GB 0.5560
Nikkei 22,696.42 -0.32%   Yen 74.8070

Commodities

Oil (WTI)

40.180

-0.39%

Gold

1,810.000

0.54%

Iron Ore

107.200

0.02%

Major Market Announcements

– The S&P 500 ended higher on Friday as investors weighed the prospect of more fiscal stimulus against fears of further business disruptions due to a record rise in COVID-19 cases.

– Australian shares are tipped to rise as investors await detail from the federal government on its COVID-19 support plan after September, as well as the depth of the economic damage so far.

– Sustainable investing is becoming more sought-after amongst investors, looking to ensure their investments are helping to shape better environment and social outcomes.

– The Federal Government is set to announce a new financial support system to replace the JobKeeper scheme when it comes to an end in September. Calls to extend the $1,500 fortnightly payment to employees of eligible businesses had heightened as Victoria was smashed by a second wave of coronavirus and data revealed the cash was propping up Australian suburbs.

– Bank chief executives have backed the government’s revamp of a scheme to provide up to $40 billion in taxpayer-backed loans to help the recovery of small and medium-sized firms. Use of the program has been limited so far, with only about $1.6 billion lent, but there is a view among banks the changes will allow lending for longer term investments, rather than to just support short-term cash flow.

Market Update

The Australian share market has ended slightly higher in a late recovery after traders were spooked by news of a surge in virus cases in Victoria and tighter restrictions in New South Wales.

The benchmark S&P/ASX200 index finished Friday up 22.7 points, or 0.38 per cent, at 6033.60 points after rising more than half-a-per cent early in the session and then drifting lower.

The All Ordinaries index closed 21.9 points, or 0.36 per cent higher, at 6144.90.

Exchange Traded Funds

An Exchange Traded Fund (ETF) is an opened-ended investment fund, similar to a traditional managed fund that is traded on the ASX – just like any share. ETF’s aim to closely track the performance of a given index or asset class, and provide the returns of that index or asset class – less any fees.

More Australian investors are turning to ETF’s to help them achieve their financial objectives. Below are the main advantages of ETF’s 

Simplicity: ETFs help investors gain exposure to a range of investment strategies, geographic regions and asset classes, and can be bought as simply as buying a share.
Liquidity: ETFs are traded on the Australian Securities Exchange (ASX) so can be bought and sold during the trading day.
Transparency: Information relating to ETFs, including underlying portfolio holdings and fees, can be accessed at any time via the fund manager’s website.
Cost-effective: Because ETFs either aim to simply track the performance of an index or asset class or rules-based methodology, there are no in-built ‘active management’ fees to worry about.

Learn more; 

https://www.youtube.com/watch?v=A2KzjXqE6p4&feature=youtu.be

We are always free to discuss any queries you may have, please contact our office for a complimentary meeting to discuss your financial situation, lifestyle needs, goals, and objectives.

All Ordinaries (XAO) 5 Day Chart

Disclaimer: The advice provided is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where quoted, past performance is not indicative of future performance.

Open Hours

Monday to Friday
8:00am to 5:00pm

Closed Public Holidays

Plus 1 Group logo

If you need to get us documents quickly, access remote support, or the MYOB Portal click the button above.

Contact Us

27 Welsford Street
Shepparton, VIC 3630

T: (03) 5833 3000
F: (03) 5831 2988
Email Us

CPA Logo
Professional Standards Legislation logo
Platinum Xero Partner
MYOB logo
Quickbooks logo

Sentinel Wealth Unit Trust T/As Plus 1 Wealth Advisors (ABN:11 408 695 672) is an Authorised Representative of Sentinel Wealth Managers Pty Ltd
(ABN: 73 108 328 294) AFS Licence 322211 | Financial Services Guide