Finance
Economy ‘nowhere near recessionary’ despite predictions
4 September
Australians have been urged to remain positive about the economy despite the government’s forecast sluggish growth. Treasurer Jim Chalmers said the Reserve Bank of Australia was “smashing the economy” through its cash rate rises, pre-empting...[Read More]
Analysts received the final pieces of the economic growth puzzle
4 September
The Australian economy is on track for another feeble quarter of growth propped up by firmer government spending. June quarter national accounts due on Wednesday are expected to show an economy growing but only just, prompting the federal treasurer...[Read More]
Economy yet to turn a corner as higher rates bite
4 September
A long stretch of elevated interest rates has likely produced another tepid three months of growth, experts predict ahead of the quarterly economic check up. A slower economy is by design, with the Reserve Bank of Australia trying to weigh on...[Read More]
Let’s put interest rate rises in perspective
29 August
Interest rates in Australia have a significant impact on the economy, with effects felt by a range of individuals, including retirees and first-home buyers. The Reserve Bank of Australia (RBA) sets these rates, with changes influenced by a range of...[Read More]
Thriving in Retirement: A Blueprint for Lasting Health and Happiness.
29 August
Preparing for retirement involves more than just financial planning; maintaining your mental and physical fitness is crucial to enjoying a long and fulfilling post-work life. Here are ten top tips to help you prepare: Stay Physically...[Read More]
What is underinsurance? Why does it happen?
29 August
Australia faces an underinsurance crisis, leaving many exposed to unexpected life challenges. A quick scroll on social media might reveal fundraisers for families who’ve lost a loved one. Tell-tale signs indicate a worrying trend and numerous...[Read More]
Inflation steps down but ladder still steep for RBA
29 August
Fruit and vegetable prices are blowing out grocery bills but electricity rebates and petrol prices are driving down inflation. The monthly consumer price index rose 3.5 per cent over the 12 months to July, a touch higher than the 3.4 per cent...[Read More]
Slow progress on unpaid super sparks calls for action
29 August
Australian workers are still missing out on billions in unpaid super each year, with the average affected worker left $30,000 worse off at retirement. Affecting nearly one in four workers – particularly younger people, women in low-paid...[Read More]
Poorer Aussies feeling pocket pinch with wealth gap
28 August
Poorer Australians are copping the brunt of increasing prices for everyday goods and often have no savings buffer due to wealth inequality and tax breaks favouring the rich, a new report says. Anglicare Australia’s Widening the Gap report reveals...[Read More]
Why Time Is Wealth
22 August
If you were to choose between money and time, which option would you go for? For some, the answer is easy: it’s money. The reason, of course, is that people measure one’s level of success and wealth by the size of one’s bank account, number of...[Read More]
Claiming business expenses – Your guide to claiming business expenses correctly.
22 August
You can claim tax deductions for expenses you incur while running your business if they’re directly related to earning your business income. This is also known as assessable income. Take Zac for example. Zac is a sole trader who works as a...[Read More]
Rate-cut hopes hit brick wall as RBA cements stance
22 August
Mortgage-holders could be waiting until early 2025 for repayment relief if the economy follows the Reserve Bank of Australia’s expected path. For six meetings in a row, interest rates have been left at 4.35 per cent, a level the central bank says...[Read More]
Crafting a Happy Retirement: Personalised Planning and Essential Tips for a Fulfilling Future
15 August
A happy retirement is a deeply personal and varied concept, reflecting the diverse aspirations, values, and lifestyle preferences of individuals. For some, retirement might mean the freedom to travel the world and explore new cultures and...[Read More]
Some strategies for coping with redundancy
15 August
Here are some strategies to look after your mental health during this period: Know Your Rights: Familiarise yourself with the employment laws in your country to understand your rights as a redundant employee. Ensure that you are not being...[Read More]
Did you energise your business? Find out if you can get a bonus tax deduction for the eligible costs you incurred between 1 July 2023 and 30 June 2024.
15 August
Businesses (with an aggregated annual turnover less than $50 million) may be able to access a bonus 20% tax deduction with the small business energy incentive (the incentive). This applies to new assets, or improvements to existing assets,...[Read More]