Common fabric could save lives from most deadly disease
21 May
Turning silk like fairy floss into artificial blood vessels will provide a lifeline for cardiovascular patients, scientists say. Cardiovascular disease is Australia’s top killer, contributing to one in four deaths. But after almost a decade of...[Read More]
Navigating market volatility: smart tips for long-term investors
22 May
Ever considered that share market volatility could actually be a good thing? It might not feel that way when headlines scream about falling prices or when you see your portfolio dip. But volatility is a normal—and often necessary—part of...[Read More]
The importance of keeping a vehicle mileage logbook plus tips for record-keeping
22 May
Maintaining a vehicle mileage logbook is an essential practice for anyone who uses their vehicle for business purposes. Not only does it help with accurate record-keeping, but it also ensures compliance with tax regulations, provides evidence for...[Read More]
Rising business insurance costs: understanding the factors driving these increases
22 May
As a business owner, managing rising costs is a pressing challenge, and increasing business insurance premiums may be part of the equation. Understanding the factors driving these increases and seeking advice from your insurance adviser can help...[Read More]
It is important to distinguish between being financially secure and feeling financially secure
22 May
Financial security is a universal goal that transcends income brackets and age groups. It is not solely determined by the amount of money one possesses or earns, but rather by the feeling of reassurance and peace of mind that comes with knowing your...[Read More]
Protect your small business: strategies for protecting yourself against scams
22 May
Scammers are constantly refining their tactics to target small businesses, making it essential to stay informed and vigilant. The federal government’s Scamwatch website is an excellent resource for understanding current scams and reporting new...[Read More]
Full extent of Trump’s tariff slap on economy revealed
21 May
Australia’s economy will take an $8 billion dollar hit in 2025 as a result of Donald Trump’s tariffs, the Reserve Bank estimates in updated economic forecasts. Inflation is also expected to come in lower than it otherwise would have, the RBA’s...[Read More]
‘Sustainable’: push to keep low-paid from falling back
21 May
Treasurer Jim Chalmers wants to ensure Australia’s lowest paid workers don’t go backwards, but stresses a real wage rise must not harm the economy. In its formal submission to the Fair Work Commission’s annual review of minimum and award...[Read More]
How to claim income tax deductions for work-related expenses and other expenses, and record your deductions.
21 May
Instant tax deduction On 13 April, the government announced a $1,000 instant tax deduction, so that taxpayers won’t need receipts to claim a deduction of less than $1,000 for work-related expenses in their tax return. This change is subject to...[Read More]
Find out if your business is eligible for the $20,000 instant asset write-off for the 2024–25 income year.
21 May
Have you purchased or are you purchasing a business asset this financial year? The instant asset write-off limit is $20,000 for the 2024-25 income year. If your business has an aggregated annual turnover of less than $10 million and uses...[Read More]
Trump’s tariff ‘rollercoaster’ raises recession risk
21 May
Australians are being assured the nation is well-placed to avoid a recession as the Reserve Bank expresses alarm over Donald Trump’s trade war “rollercoaster”. Forecasts released by the Reserve Bank of Australia have painted a bleak picture of...[Read More]
Google offers AI tools to automate that personal touch
21 May
Private information stashed in your documents, notes, email replies and internet search history could be used to boost artificial intelligence tools in future to make results more useful. Google revealed plans to tap into more of its users’...[Read More]
Call for adult wages for youth in retail, fast food
21 May
Young workers earn 70 per cent of an adult wage but a union is demanding the federal government change this given the cost of living pressures. Under the “adult age, adult wage” campaign, the Shop, Distributive and Allied Employees Association...[Read More]
Renewables, AI rules top productivity reform wishlist
21 May
Regulating the reckless use of artificial intelligence, speeding up approvals for renewable energy projects, and changing privacy and corporate tax laws will be targeted in a push to boost the Australian economy. The Productivity Commission named 15...[Read More]
Work in progress: bottlenecks hinder green export hub
21 May
Slow project approvals, energy storage gaps and investment uncertainty are proving hurdles to cutting greenhouse gas emissions from heavy industry. For the Hunter, a region eyeing off green industrial exports as global demand for its coal wanes, the...[Read More]