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Boyce Financial Services Pty Ltd as Trustee for
Boyce Financial Services Unit Trust (AFSL 522265).

                                                                                                                                                                                                                  

 
 

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APRIL 2021: Finance Update - Global Market

28 April 2021

Global Markets Continue to Rise

March provided a robust 3.5% return for global shares. This was supported by low interest rates continuing to be delivered by central banks, encouraging vaccination program outcomes in the US and Britain and positive economic indicators – particularly in the US and China.

  • The global recovery is continuing to gather momentum, with the IMF revising the global growth forecast again to 6%. However, Europe continues to experience a rise in new infection cases and an extension of lockdowns, which will delay European recovery.   
  • Access to vaccines is an issue, along with COVID “spikes”, but the overall environment of rising corporate earnings and low interest rate is fuelling markets.
  • Emerging markets were weak in March, rising only 0.1% in Australian dollar terms, but have outperformed developed market shares over the past 12 months.

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Boyce Opens Bega Satellite Office

28 April 2021

Boyce have been servicing clients for over 20 years in Bega and the surrounding areas of the South Coast and are excited to now have a physical presence in the area. The satellite office will provide an opportunity to provide increased service and support to the area.

Boyce’s proud heritage is in regional Australia, being the largest independent professional services firm in regional New South Wales. They have been named in the Australian Financial Review’s Top 100 Accounting firms since 2018, while receiving top regional accounting firm on numerous occasions.

Boyce provide insightful business advice across the areas of accounting, consultancy, assurance, financial advisory, management accounting, superannuation strategy, tax consulting and succession planning.

Jono Forrest, a Boyce Director for nearly 20 years said: “We are thrilled to open our satellite office in Bega, it is something we have been looking at for some time. Being here for our clients and part of the local community is what Boyce is all about.”

The new Bega office is located at 4/184-188 Carp Street, Bega.

Signing Documents Made Easy with Boyce & DocuSign

27 November 2020

Boyce are excited to have partnered with DocuSign to sign documents online in a quick and easy process.

Some of the benefits are:

  • A safe way to sign documents during COVID-19
  • A quicker way to sign documents, with most signing processes only taking a few minutes for you to sign on your computer, tablet, or smart phone.
  • A more environmentally friendly option that limits the use of paper.

What can be Signed with DocuSign?

You will see your Boyce Team sending Activity Statements, Tax Returns and Financial Statements to you through DocuSign.

A significant amount of ASIC and Company documents can’t be signed due to legal or ASIC requirements. We will only send you documents via Electronic Signing that we are happy for you to sign.

Requirements

DocuSign requires that each signer has a separate email address and mobile number for the digital signature to be valid. If we only have a shared email address or mobile in our system your accountant may contact you asking if you can provide an alternative to enable DocuSign to be used.

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Boyce congratulates Brian Wray on his appointment as Director

26 November 2020

Brian joined the Goulburn office in 2000 as a Cadet Accountant, after completing his secondary studies. It was not long before Brian’s innate ability to research and interpret taxation legislation resulted in his transfer to the firm’s Tax Consulting Division in late 2002.

In recognition of his extraordinary technical expertise and knowledge, Brian was promoted to Senior Tax Consultant in 2013, where he and his team are charged with providing consulting services to the professional accounting team across the five Boyce offices.

In announcing the appointment, Managing Director Carmen Caldwell noted Brian's enormous contribution since joining the firm as a cadet twenty years ago, "We are thrilled to welcome Brian as a Director of Boyce. Client care is at the forefront of everything he does, and the Tax Consulting Group provide a vital service to our clients & team. Brian will make an exceptional addition to the leadership team with his incomparable expertise."

Brian commented, ”I’ve always felt very fortunate to be part of the Boyce team. Being surrounded by so many outstanding people, it’s quite humbling to be invited to join our Director group.  I’m really excited about the future and continuing to help our clients and team to exceed their own expectations.”

Brian has lived and breathed the values of Boyce and his commitment and dedication both to clients and as a respected Boyce leader across the firm is nothing short of impressive.

Please join us in congratulating Brian on his appointment.

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Macroeconomic Update - September Quarter

26 November 2020

Over the past few months, news headlines have been dominated by daily pandemic updates, political scandals and the US presidential election. Uncertainty remains, as investors continue to sit on a seesaw of positive and negative updates.

In the current low yield environment, interest from term deposits, distributions from managed funds and dividends from equities have been significantly reduced, and are likely to remain so for the foreseeable future. Investors are faced with the conundrum of increasing their exposure to growth investments or potentially have negative real rates returns on their defensive investments, with term deposit rates now well below 1.00%.

There is a large range of possible outcomes. Investors need to remain cognisant that there are risks in the market and diversification is the key to providing protection throughout periods of heightened uncertainty

Reasons for Caution

  • New coronavirus cases continue to rise across Europe, prompting countries to implement new restrictions. The UK increased the number of cities under the highest tier restrictions, while Germany and France announced heightened restrictions to prevent an uncontrolled outbreak.
  • The absence of an available vaccine and closed international borders is preventing any substantial increase in business or consumer confidence.
  • Although the European economy expanded by a record 12.7% in the September quarter (following the 9.4% contraction in the June quarter) the economic data showed signs of softening in September.
  • US uncertainty remains with the presidential election still subject to legal challenges and concerns about the smooth transition of power, although there has been some progress on this in Washington this week.
  • We have witnessed glimpses of escalation in US - China tensions. 
  • Australia entered recession for the first time in 29 years. Gross domestic product for the three months ended 30 June was at -7.0%.
  • Australia-China relations, which were already fraying, deteriorated further in November when Chinese authorities ordered traders to stop purchasing certain Australian commodities.

Read more >

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