Depreciation is a tax deduction available to property investors that, if claimed, can add thousands of dollars to the returns from their investments. In the May 2017 Budget, the government introduced legislative changes to areas of taxation that affect property investors - the main one being depreciation. These changes are covered in this book.
Do the changes mean investors will stop choosing property? Will current investment property owners now sell off their investments because they can no longer claim depreciation in quite the same way? The answer to both these questions is 'no', they will (and they should) 'Keep Claiming It!'
Google. Amazon. Facebook. The modern world is defined by vast digital monopolies turning ever-larger profits. Those of us who consume the content that feeds them are farmed for the purposes of being sold ever more products and advertising. Those that create the content - the artists, writers and musicians - are finding they can no longer survive in this unforgiving economic landscape.
But it didn't have to be this way.
In Move Fast and Break Things, Jonathan Taplin offers a succinct and powerful history of how online life began to be shaped around the values of the entrepreneurs like Peter Thiel and Larry Page who founded these all-powerful companies. Their unprecedented growth came at the heavy cost of tolerating piracy of books, music and film, while at the same time promoting opaque business practices and subordinating the privacy of individual users to create the surveillance marketing monoculture in which we now live.
It is the story of a massive reallocation of revenue in which $50 billion a year has moved from the creators and owners of content to the monopoly platforms. With this reallocation of money comes a shift in power. Google, Facebook and Amazon now enjoy political power on par with Big Oil and Big Pharma, which in part explains how such a tremendous shift in revenues from creators to platforms could have been achieved and why it has gone unchallenged for so long.
And if you think that's got nothing to do with you, their next move is to come after your jobs. Move Fast and Break Things is a call to arms, to say that is enough is enough and to demand that we do everything in our power to create a different future.
Across the globe, the so-called Big Four accounting and audit firms - Deloitte, PricewaterhouseCoopers, Ernst & Young and KPMG - are massively influential. Together, they earn more than US$100 billion annually and employ almost one million people. In many profound ways, they have changed how we work, how we manage, how we invest and how we are governed.
Stretching back centuries, their history is a fascinating story of wealth, power and luck. But today, the Big Four face an uncertain future - thanks to their push into China; their vulnerability to digital disruption and competition; and the hazards of providing traditional services in a new era of transparency.
Both colourful and authoritative, this account of the past, present and likely future of the Big Four is essential reading for anyone perplexed or fascinated by professional services, working in the industry, contemplating joining a professional services firm, or simply curious about the fate of the global economy.
Ian Gow is a professor at the University of Melbourne and Director of the Melbourne Centre for Corporate Governance and Regulation. He previously taught at Harvard Business School.
Stuart Kells is a Melbourne-based author whose history of Penguin Books - Penguin and the Lane Brothers: The Untold Story of a Publishing Revolution - won the Ashurst Australian Business Literature Prize.
Although economic inequality provokes widespread disquiet, its supposed necessity is rarely questioned. At best, a basic level of inequality is seen as a necessary evil. At worst, it is seen as insufficient to encourage aspiration, hard work and investment, a refrain sometimes used to advocate ever greater inequality.
In this original new book, Danny Dorling critically analyses historical trends and contemporary assumptions in order to question the idea that inequality is an inevitability. What if, he asks, widespread economic inequality is actually just a passing phase, a feature of the capitalist transition from a settled rural way of life to our next highly urban steady-state? Is it really likely that we face a Blade Runner-style dystopian future divided between a tiny elite and an impoverished mass?
Dorling shows how a stabilising population, changing gender relations and rising access to education make a more egalitarian alternative to this nightmare vision not only preferable, but realistic. This bold contribution to one of most significant debates of our time will be essential reading for anyone interested in our economic, social and political destiny.
'Let's hope he's wrong' Financial Times Currency wars are one of the most destructive and feared outcomes in international economics. At best, they result in countries stealing growth from their trading partners. At worst, they degenerate into inflation, recession and real violence.
In this fifth anniversary edition, James Rickards concludes that currency wars are as problematic now as they were in 1971 when President Nixon took the dollar off the gold standard. Headlines about the debasement of the dollar, bailouts in Europe and Chinese and currency manipulation are all indicators that we're entering an even more dangerous phase.
In this post-Trump, post-Brexit world of political uncertainty, James Rickards, New York Times bestseller and Strategic Adviser to the US intelligence community, argues that this is more than just a concern for economists and investors. The world is facing growing threats to its national security - from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Left unchecked, the next currency war could end with massive casualties on all sides.
Economics expert Stewart Cowley distils the complexities of modern-day money and our relationship with it, explaining how you can use economics to your advantage and that understanding economics can improve your life.
Along the way you will discover how the statistics that govern our world are based on guesswork, why stock markets are like a wandering drunken man, what you need to live like a millionaire, and why cooking has made man the dominant species on the planet.
Where is all the money? How does a country go bust? Should I get paid in Bitcoin? Wherever you go, whatever you do, however you live your life, money plays a role. Getting it, keeping it, and making more out of it has been one of man's major preoccupations for the past five thousand years. From buying a sandwich to earning a wage, going on holiday to playing the lottery, how money and economics governs our world is fascinating. And it's just about to get more curious; the arrival of modern banking, crowd funding, investments at the touch of a smartphone, and virtual currencies means, for many of us, it is even more complex.
Alongside a satisfying relationship, a career we love is one of the foremost requirements for a fulfilled life. Unfortunately, it is devilishly hard to understand oneself well enough to know quite where one's energies should be directed. A Job To Love is designed to help us out of some of these impasses. It is a guide to how we can better understand ourselves and locate a job that is right for us. With compassion and a deeply practical spirit, this book guides us to discover our true talents and to make sense of our confused desires and aspirations before it is too late.
The world's elite athletes and coaches achieve high performance through inspiring leadership, strategic choices, and mental toughness. Harvard Business Review has talked to many of them throughout the years to learn how their success can translate to business leadership.
If you read nothing else on management lessons from the world of sports, read these 10 articles by athletes, coaches, and experts in the field. We've combed through Harvard Business Review's archive and selected the articles that will best help you drive your performance - whether as an individual contributor or a leader.
This book will inspire you to:
Improve your weaknesses, not just your strengths Hold everyone to high standards - especially your stars Find meaning in success - and in challenge Take care of your body for sustained mental performance Identify the right rivalries to bring out the best in you Build your team from the bottom up Understand where the analogy of sports and business doesn't work.
This collection of articles includes Ferguson's Formula, by Anita Elberse with Sir Alex Ferguson; Life's Work: An Interview with Greg Louganis ; The Making of a Corporate Athlete, by Jim Loehr and Tony Schwartz; The Tough Work of Turning a Team Around, by Bill Parcells; How an Olympic Gold Medalist Learned to Perform Under Pressure: An Interview with Alex Gregory ; Mental Preparation Secrets of Top Athletes, Entertainers, and Surgeons, an interview with Daniel McGinn by Sarah Green Carmichael; SoulCycle's CEO on Sustaining Growth in a Faddish Industry, by Melanie Whelan; Life's Work: An Interview with Kareem Abdul-Jabbar ; Major League Innovation, by Scott D. Anthony; Looking Past Performance in Your Star Talent, by Mark de Rond, Adrian Moorhouse, and Matt Rogan; Life's Work: An Interview with Mikhail Baryshnikov ; How the Best of the Best Get Better and Better, by Graham Jones; Life's Work: An Interview with Joe Girardi ; Why There Is an I in Team, by Mark de Rond; Life's Work: An Interview with Andre Agassi ; and Why Sports Are a Terrible Metaphor for Business, by Bill Taylor.
'An engrossing story of audacious entrepreneurism' -- Charles Duhigg 'Captures the remarkable journey of Airbnb exceedingly well' -- Reid Hoffman 'fast paced, fun dive into one of the seminal firms of our time' -- Rana Foroohar In 2008, two broke art school graduates and their coder-whiz friend set up a platform that - in less than a decade - became one of the largest provider of accommodations in the world. Now valued at $31 billion, Airbnb is in the very top tier of Silicon Valley's 'unicorn' startups.
Yet the company has not been without controversy - disrupting a $500 billion hotel industry makes you a few enemies. This is also a story of regulators who want to shut it down, hotel industry leaders who want it to disappear and neighbourhoods that struggle with private homes open for public rental. But beyond the headlines and the horror stories, Airbnb has changed the terms of travel for a whole generation - where a sense of belonging has built trust between hosts and guests seeking a more original travel experience that hotels have struggled to replicate.
This is the first, definitive book to tell the remarkable story behind Airbnb in all its forms - cultural zeitgeist, hotel disruptor, enemy to regulators - and the first in-depth character study of its leader Brian Chesky, the company's curious co-founder and CEO. It reveals what got Airbnb where it is today, why they are nothing like Uber, and where they are going next.
Digital Darwinism takes an exhilarating look at disruptive thinking to inspire those who want to be the best at digital transformation. Change across business is accelerating, but the lifespan of companies is decreasing. Life is more unpredictable than ever and leaders are facing a growing abundance of decisions to make, data to process and technology that threatens to disrupt even the most established business models. These are the forces that could destroy your company but, with the right strategy in place, they could also help you transform it into a market leader. Digital Darwinism is a guiding hand through the turbulence of this moment, offering practical strategies as well as an ambitious call-to-action that lights a fire underneath complacency and inspires creative change.
In this book, Tom Goodwin shines a light into the future by exploring technology, society and the lessons of the past so that you can understand how to adapt, what to embrace and what to ignore. Goodwin proves how every assumption the business world has previously made about digital is wrong in order to revolutionize your mindset: incremental change isn't good enough, adding technology at the edges won't work and digital isn't a thing - it's everything. If you want your organization to succeed in the post-digital age, you need to be enlightened by Digital Darwinism.
What do great enterprises have in common? What sort of person starts them? A single idea can help you find the next big thing, but it takes time to trawl through hundreds of business books to find inspiration.
With insightful commentaries on the landmark writings of old and new, 50 Business Classics presents the great entrepreneur stories, the best management thinking and the proven ideas on strategy, innovation and marketing - in one volume.
50 Business Classics presents the key ideas from classic texts such as My Years with General Motors and Michael Gerber's The E-Myth Revisited to contemporary business lessons from the rise of tech giants like Google, Apple and Amazon. It contains revealing biographies of luminaries like Steve Jobs and Warren Buffett, as well as lesser-known stories including creation of publishing giant Penguin and Chinese behemoth Alibaba.
Here you'll find the texts and ideas that matter in: * Entrepreneurship * Leadership * Management * Strategy * Business history * Personal development * Technology and innovation Summarising the smartest thinking for today's professional success, 50 Business Classics provides inspiration and insights for entrepreneurs, executives and students of business and management alike.
In one survey, 61 percent of employees said that workplace stress had made them sick and 7 percent said they had actually been hospitalized. Job stress costs US employers more than $300 billion annually and may cause 120,000 excess deaths each year. In China, 1 million people a year may be dying from overwork. People are literally dying for a paycheck. And it needs to stop.
In this timely, provocative book, Jeffrey Pfeffer contends that many modern management commonalities such as long work hours, work-family conflict, and economic insecurity are toxic to employees hurting engagement, increasing turnover, and destroying people’s physical and emotional health and also inimical to company performance. He argues that human sustainability should be as important as environmental stewardship.
You don’t have to do a physically dangerous job to confront a health-destroying, possibly life-threatening, workplace. Just ask the manager in a senior finance role whose immense workload, once handled by several employees, required frequent all-nighters leading to alcohol and drug addiction. Or the dedicated news media producer whose commitment to getting the story resulted in a sixty-pound weight gain thanks to having no down time to eat properly or exercise. Or the marketing professional prescribed antidepressants a week after joining her employer.
In Dying for a Paycheck, Jeffrey Pfeffer marshals a vast trove of evidence and numerous examples from all over the world to expose the infuriating truth about modern work life: even as organizations allow management practices that literally sicken and kill their employees, those policies do not enhance productivity or the bottom line, thereby creating a lose-lose situation.
Exploring a range of important topics including layoffs, health insurance, work-family conflict, work hours, job autonomy, and why people remain in toxic environments, Pfeffer offers guidance and practical solutions all of us employees, employers, and the government can use to enhance workplace wellbeing. We must wake up to the dangers and enormous costs of today’s workplace, Pfeffer argues. Dying for a Paycheck is a clarion call for a social movement focused on human sustainability. Pfeffer makes clear that the environment we work in is just as important as the one we live in, and with this urgent book, he opens our eyes and shows how we can make our workplaces healthier and better.
The best entrepreneurs balance brilliant business ideas with a rigorous commitment to serving their customers' needs.
If you read nothing else on entrepreneurship, read these 10 articles by experts in the field. We've combed through hundreds of articles in the Harvard Business Review archive and selected the most important ones to help you build your company for enduring success.
Leading experts and practitioners such as Clayton Christensen, Marc Andreessen, Steve Blank, and Reid Hoffman provide the insights and advice you need to:
Build a business from the ground up Adopt lean startup practices like business model experimentation Be realistic about how prescient your business plan can truly be Focus on the most important part of your business: the people Connect powerfully with your audience of investors and customers Understand where companies with the most impact are launching now.
The one primer you need to develop your entrepreneurial skills.
Whether you're imagining your new business to be the next big thing in Silicon Valley, a pivotal B2B provider, or an anchor in your local community, the HBR Entrepreneur's Handbook is your essential resource for getting your company off the ground.
Starting an independent new business is rife with both opportunity and risk. And as an entrepreneur, you're the one in charge: your actions can make or break your business. You need to know the tried-and-true fundamentals - from writing a business plan to getting your first loan. You also need to know the latest thinking on how to create an irresistible pitch deck, mitigate risk through experimentation, and develop unique opportunities through business model innovation.
The HBR Entrepreneur's Handbook addresses these challenges and more with practical advice and wisdom from Harvard Business Review's archive. Keep this comprehensive guide with you throughout your startup's life - and increase your business's odds for success.