From 1st July 2021, if you’re an employee, sole-trader or contractor and you pay for a COVID-19 test out of your own pocket for a work-related purpose, such as to determine whether you can attend or remain at work, you…
ECONOMIC OUTLOOK GLOBAL ECONOMY The global economy has been continuing to recover from its contraction by 3.1% in 2020, its deepest recession since the Second World War. This recession was caused by government restrictions on economic activity imposed to counter…
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2022–23 Federal Budget at 7:30pm (AEDT) on 29 March 2022. In an economy emerging from the pandemic, the Treasurer has confirmed an unemployment rate of 4% and an expected budget deficit…
It is well known that investing in shares or equities can help build your wealth over time. However, sometimes it can seem quite daunting, especially for new investors. Like any investment, there is risk involved. So be clear about your…
Why Financial Planning just for Women? Women don’t share the same kind of financial experience that men do. So why should they receive the same financial advice? Women also have lifestyle and financial goals to achieve such as wanting to…
The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain. Cryptocurrency generally operates independently of a central bank, central authority…
To prepare an accurate tax return you need to keep records that support the claims and declarations you make. As a rule, it is better to keep too many records rather than not enough records. The Australian tax system relies…
The Australian Taxation Office (ATO) is reminding Australians that it is paying close attention to undeclared income from secondary work, including from the sharing or ‘gig’ economy this tax time. Assistant Commissioner Tim Loh has noticed some confusion about when…
Look after yourself This is the most important thing. If you are feeling overwhelmed, don't hesitate to talk with your friends or family, or phone a confidential counseling service: Lifeline Australia on 13 11 14 (24 hours) Beyond Blue on 1300 224 636 (24…
The global economy is continuing its recovery from what was its most severe recession since the Second World War. According to the International Monetary Fund (IMF) in its latest report (January), the world economy is forecast to expand by 4.4%…