Category: Business
Prison! The consequence of failing to lodge tax returns and BAS
A Western Australian doctor, has been sentenced to seven months in jail for failing to lodge 18 income tax returns and business activity statements ...
What costs more than champagne and Chanel No.5 perfume? Ink!
At $8296 per litre, standard black HP ink for your home printer costs more than champagne, designer perfume and human blood according to Choice. ...
The double-edged sword of inflation
We are experiencing record inflation (3.5% in Australia) (7.9% in the US and similar in Europe) resulting from the pandemic, global unrest, supply ...
The government wants you to spend big on tech!
The 2022/23 government budget allows small businesses to claim a 120% tax deduction on tech investment. For example, if you bought a $100 software ...
Australia has spent more than it earns since 1901
A budget deficit is when a government spends more money than it earns through tax and non-tax revenues. The Australian government with a few ...
Do I really need insurance?
For most of us, our human brain optimistically assumes bad things will happen to others but not to us. This survival wiring allows us ...
Think petrol prices will only affect you at the pump? Think again!
When the cost of crude oil goes up, every industry that uses fuel to run their business or produce their products must increase prices ...
Coal prices blow the roof off!
The invasion of Ukraine by Russia has shot the price of thermal coal to record highs. Why is this happening? Sanctions on Russia include ...
Are RAT tests tax deductible?
COVID‑19 tests are an important tool for mitigating transmission risks and absences from Australian workplaces. The federal government has promised to make all COVID-19 ...
Is virtual real estate a good investment?
The metaverse has taken the world by storm. Whilst it’s been in the gaming community for years, advancements in virtual reality and the explosion ...