Virtually everyone can use a savings account to help build up their wealth, but with so many options available, how do you pick the best savings account for you? The number of options available might make it more difficult to select which savings account to choose, but it also means that with a little bit of knowledge, research and strategy, you can almost certainly find a savings account that fits… Read more
As a parent, you may worry about how to ensure your child can receive a post-secondary education. Costs are constantly rising, and you may face high tuition fees as well as cost of living expenses if your child has to live away from home. Here are some steps you can take to save for your child’s education. Be clear about what you can and cannot afford to pay Being clear… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. What an American recession means for Australia What exactly does it mean for Australia if the United States is headed for a recession? Sky News breaks it down here. ASX continues to drop Most of Australia’s biggest companies continued to see major slides in the stock market last week,… Read more
Early retirement may sound like a big dream, but it is achievable if you’re willing to do some planning and stick to your strategy. Here are four steps you can take to put yourself in a position to retire early. 1. Figure out how much money you’ll need after you retire This involves figuring out what age you want to retire at–if you want to retire at 55 you’ll need… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Changes to aged care payment system Services Australia is updating the aged care payment system. Residential aged care services events won’t be able to be submitted between 14 to 22 July. Read the details here. Food tech company NotCo expanding into Australia The company produces plant-based milk, beef, and… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ATO reminds Australians about changes this tax season The Australian Tax Office anticipates that many will continue to be impacted by COVID-19, and is offering support to get your taxes right the first time. A summary can be found here. Cash rate expected to rise this week The official… Read more
When you’re in business for long enough, you’ll likely come up with new ideas you want to try. Innovation is important for your company to grow, to diversify its income, and to attract new customers. An important step between having an idea and jumping into it is testing the idea. Here are some important ways to test your idea, so you can launch it with confidence. 1. Talk to people… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ASX carries momentum into a new week The local sharemarket started the week at a three-week high, coming off a rally from last week. Tech and payment firms were among the industries leading the charge. Bubs jumps 80% as deal struck to aid US Baby formula manufacturer Bubs Australia… Read more
Australia Weekly Digest – 25 May 2022 Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Antony Albanese becomes Australia’s PM First Labor PM in nearly a decade vows to bring Australians together, and “promote unity and optimism, not fear and division.” ASX sinks again after Wall Street “bloodbath” The stock market was down again last week, taking… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Changes to company tax rates are in effect Companies, corporate earning trusts, and public trading trusts may be eligible for a reduced tax rate this season. Learn more about the changes and find out who qualifies here. STP Phase 2 requires more information when submitting payroll Single Touch Payroll… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. GST fraud attempts circulating on social media lead to extra security measures Due to a significant number of GST refund fraud attempts, legitimate businesses may face extra steps to receive their refunds as extra security measures are put in place. Tighter controls around ABN and GST registration have been… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More Australians turning away from home ownership A new study suggests that younger Australians are choosing to invest their money in stocks over buying a home. Around 43 percent said they would choose to invest their money instead of spending it, and 38 percent of those saying they would… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Xero Report: Small Business Creation at Record Levels Landmark research from Xero has revealed new small business registrations in Australia are at unprecedented levels, growing 34% from 225,000 in 2019 to over 300,000 in 2021. Over the next 10 years, an estimated 3.5 million small businesses are expected to… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Latest Changes in Travel Rules The requirement for people travelling to Australia from overseas to test negative for COVID-19 before arrival has been lifted. A ban on international cruise ships coming to the country and a rule preventing rapid antigen testing price gouging have also ended. You can find… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Mask Mandate to be Dropped in South Australia South Australians will be spared from wearing masks in most public indoor spaces from Good Friday, but will still be required in high-risk settings such as hospitals, aged care or residential disability facilities, on public transport and in ride-sharing vehicles. Business… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Central Bank Opens Its Door to Interest Rate Hike The central bank dropped its previous pledge to be “patient” on policy, signalling a step towards an eventual tightening. While the Reserve Bank of Australia (RBA) kept its cash rate at 0.1%, it noted inflation had picked up and was… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Federal Budget 2022 Find out how the Federal Budget 2022 affects you. ABC News offers a summary of Treasurer Josh Frydenberg’s latest budget, indicating who’s getting a cash boost and who’s not. Bonus Tax Deductions for Small Businesses The Technology Investment Boost allows small businesses to claim 120% of… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Entry Ban for Cruise Ships to Be Lifted After two years, the government announced that it would lift its entry ban for international cruise ships next month. This could potentially boost a tourism industry impacted by COVID-19 restrictions. New Zealand Opens Borders to Australians Fully vaccinated Australians will be… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. COVID-19 Vaccine Claims Scheme The government is developing a claims scheme to provide a simple, streamlined process to compensate eligible people who suffer a moderate to significant impact following an adverse reaction to an approved COVID-19 vaccine without the need for complex legal proceedings. The scheme covers the costs… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. WA Border Reopening After 697 days, Western Australia has finally reopened its borders. From 12: 01am Thursday, a long list of new restrictions is expected to stay in place for four weeks. Strong Economic Growth at the End of 2021 The economy has reported its equal-best quarter of growth… Read more