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Inflation surprise as rate of price growth slows in May A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in April. The result was well below market and most econ...

Helping employers get it right this tax time As tax time approaches, you should start preparing to meet your annual tax and super obligations. We’ve kick-started the process by pulling together a list of key hints to help you keep on top of things: Single Touch Payroll (STP) finalisation: you need to finalise your employees’ STP data by 14...

Business Interruption Insurance: Who Is It For? A crucial though sometimes overlooked safeguard, business interruption insurance provides financial protection for companies facing unexpected disruptions. But who exactly is it for? The short answer: any business that wants to ensure continuity in the face of potential risks and obstacles. Let’s ...

How a testamentary trust can be used for wills and estates The significance of choosing the appropriate structure to make the protection and maintenance of your assets possible cannot be overstated. This is necessary regardless of whether you have acquired your fortune on your own or through inheritance. In this instance, you may want to consider estate and...

Property Investing 101: Residential vs. Commercial Real Estate In the realm of property investment, prospective investors often grapple with comparing residential vs commercial real estate. Both offer viable investment opportunities, but they also come with their own unique advantages and drawbacks. Hence, the question of which avenue to pursue requires in-dept...

Four types of commercial insurance your business needs Whether you’re a business owner, supplier, or contractor, commercial insurance is essential to safeguard both your company and staff. With commercial insurance, your business and company assets are protected from certain risks like accidents or damages and the lawsuits that may follow. Of course, ...

Dealing With Higher Inflation: Strategies to Thrive Amidst Rising Costs The cost of living continues to rise, and many are feeling the pinch. However, there are ways to navigate and adapt to this challenging financial landscape. If you’re looking for practical solutions and workarounds to help you tackle higher inflation head-on, then this article is a good starting p...

Treasury says corporate profits not driving inflation Treasury says excessive corporate profits are not fuelling inflation, except in the mining sector. Weighing in on a recent debate, the department sided with the Reserve Bank of Australia and agreed profits were not significantly driving up consumer prices. Treasury official Sarah Hunter said the dep...

How often you pay super to employees is changing From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. Currently, employers are only required to pay their employees’ super entitlements on a quarterly basis. The start date will provide small business employers, super funds, and pa...

Treasury secretary discusses key economic data THE AUSTRALIAN ECONOMY * The Australian economy expanded by 3.6 per cent in 2022, driven by a post-pandemic rebound in consumer spending * Demand is easing, with global growth set to be the weakest in two decades, outside the GFC and pandemic * In a positive development, China is expected to grow by...

Financial responsibility Financial responsibility refers to the practice of handling money and other assets in a way that is in your (as the owner of the assets) or your family’s best interest. Being financially responsible entails a certain level of proficiency in seeing beyond current wants to meet future needs. However...