The Australian share market has gained ground, with a major sell-off in the banking sector being outweighed by gains for the miners and oil producers. The benchmark S&P/ASX200 index finished Wednesday up 25.4 points, or 0.36 per cent, to 7,121.1, while the broader All Ordinaries rose...
Essential Superannuation EOFY Tips This 2022 The week leading up to 30 June is an excellent time to take advantage of any tax benefits that may be available within superannuation. There are certain contributions you can focus on to lower your taxable income or investment earnings taxes. Below...
We understand that due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time. Before claiming a deduction for working from home expenses, you need to understand your...
You can’t claim a deduction for superannuation contributions paid by your employer directly to your super fund from your before-tax income such as: the compulsory super guarantee Salary sacrificing super amounts Reportable employer super contributions. You may be able to claim a tax deduction for personal super contributions that you...
A spike in gas prices, liquid fuels and electricity have created a perfect storm within Australia’s energy market. Treasurer Jim Chalmers says the failure of the Liberal government to land an energy policy and put in place infrastructure for renewables has made the domestic market less...
House prices nationally recorded their first decline since September 2020 in May, led by monthly losses in Sydney and Melbourne, the country’s two largest real estate markets. The CoreLogic home value index declined 0.1 per cent in May with Sydney dropping 1.0 per cent and Melbourne...