There are already signs the Australian economy will be slowing as a result of over half the population being in lockdown while trying to tackle the highly infectious Delta variant.

On 1 July 2015, Kris bought a block of land for $240,000 (including legal fees, stamp duty and related expenses). He sold it on 30 June 2020. During the five years he owned the block, he paid $25,000 for rates, land tax and interest.

We know you want to get your tax right, so it may help you this tax time to know how to avoid making the most common tax mistakes.

Concerns around inflation have started to pick up over the past six months, driven in part by real-world supply and demand dynamics and in part by what we call base effects.

Australia’s Future Fund agency will nearly double its 70-strong investment team to meet the challenges of significant changes in global markets.

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.

Businesses will be the engine room for Australia’s recovery from the coronavirus recession, with Josh Frydenberg declaring a sustainable recovery requires a strong private sector.

Small Business – Incentives to innovate and grow. Taxpayers – Extended relief for low and middle income earners. Elderly – More home care packages and a radical overhaul of aged care system