End of Financial Year: a time for reflection and new opportunity

12 June

Why the EOFY Marks More Than Just a Date on the Calendar As June 30 rolls around each year in Australia, it brings with it a moment of pause — a clear marker that one financial chapter is closing and another is about to begin.  While for some, it...[Read More]

The top 5 places to visit in Australia for retirees

12 June

Now that you’ve retired from the workforce and have all the opportunities to do what you want, you’re ready to take the trip of a lifetime.   If you’re planning to take a tour across Australia, here’s a list of 5 top destinations to visit...[Read More]

Teaching kids about money at different stages in their lives

12 June

It’s every parent’s dream to secure their children’s future. Of course, not everyone has the wealth required to do this, and the next best thing you could do as a parent is to teach them how to budget and invest. Through financial education,...[Read More]

Businesses and consumers caught between opposing forces

12 June

Will a second rate cut be enough to settle the nerves of businesses and consumers spooked by global trade uncertainty? Donald Trump’s tariffs have weighed on sentiment in recent months, stifling an expected economic recovery in 2025. Household...[Read More]

Liberals concede tax cut stance a ‘strategic mistake’

12 June

The coalition’s new finance spokesman has conceded campaigning against tax cuts was a significant error, promising to push for lower rates in the next term of parliament. James Paterson said the coalition’s position against Labor’s two-part...[Read More]

Greens strike conciliatory tone on super tax changes

12 June

The Greens are “absolutely ready” to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3...[Read More]

‘Not unreasonable’: PM hopeful on summit compromise

11 June

The prime minister is confident unions and business groups will find common ground in dealing with flagging rates of productivity. Anthony Albanese announced a productivity roundtable would be held in Canberra in August to find ways on lifting...[Read More]

EOFY super and tax strategies: is it too late? What you can still do — and how to get ahead for next year

5 June

As June 30 approaches, many Australians wonder: Have I left it too late to make a difference to my super and tax position this financial year? The good news is, it’s not too late. With some focused action in the final month and a proactive start...[Read More]

Economy stalls as private sector fails to pick up slack

5 June

Temporary factors might have dragged down Australia’s economy but there are warning signs the challenges it faces are more entrenched. Economic growth figures, released by the Australian Bureau of Statistics on Wednesday, paint a gloomy...[Read More]

Super backlash ‘doesn’t augur well for tax reform’

5 June

Super backlash ‘doesn’t augur well for tax reform’ The uproar over proposed changes to superannuation tax concessions does not bode well for the government’s chances of passing broader tax reform, Treasurer Jim Chalmers says. First...[Read More]

Preparing your tax return – Find out what a tax return is, what information you’ll need to prepare it and when it’s due.

5 June

What is a tax return A tax return is a form you complete online, on paper or get a tax agent or our Tax Help program to help you with. Your tax return tells us: how much money (income) you earn if you are claiming any deductions. We use this...[Read More]

Weak business investment underlines productivity battle

5 June

Australia’s dire productivity performance doesn’t look like rebounding any time soon, with troubling implications for the Reserve Bank’s interest rate path. Data released on Thursday reinforced the challenge the nation faces to get...[Read More]

Holiday homes – Find out about deductions and tax implications if you own a holiday home.

4 June

Holiday home – not rented out If you own a holiday home and don’t rent out the property, you don’t include anything in your tax return until you sell it. When you sell the property, you will need to calculate your capital gain or loss. Keep...[Read More]

Insurance cost warning after disasters hit bottom line

4 June

The economic impacts of natural disasters will extend beyond the federal budget, environmental groups warn as households are told to brace for higher insurance premiums. Treasury figures show a loss of $2.2 billion from economic activity following...[Read More]

Tax reprieve for farmers as drought declared statewide

4 June

Farmers will be temporarily spared from paying a hiked emergency services levy as drought support is expanded statewide. An extra $37.7 million has been earmarked for drought relief in Victoria as paddocks and dams run dry following low autumn...[Read More]