01/09/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
01/09/2022
CBA adjusts home value predictions
The Commonwealth Bank of Australia’s latest figures suggest that home prices are about to drop faster than expected.
The overall percentage drop in value is still expected to be about 15%, it will just arrive sooner than originally thought.
Bitcoin sheds 20% of its value in 7 days
After a brief rally recently, many people hoped that the crypto hemorrhage was finally over. However, Bitcoin’s value dropped by 20% in one week, likely due to inflation fears causing a rapid sell-off.
Poor mental health will eventually result in economic loss
A new report from the NSW Council of Social Service has found that lost productivity due to poor mental health will see a nearly $7.5bn loss in the New South Wales economy by 2025. Compounding natural disasters and the pandemic were the leading factors.
Five signs a building company might collapse
The building industry has had its share of hard times over the course of the pandemic. From cash flow to contracts, here are five signs a building company might collapse.
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Star Highlights
Make sure to let us know if you have had any crypto trading as we need more information to be able to complete your tax return. Click on this blog for more info.
Star Reminders
The first day of spring is a great time to ‘spring clean’ your financials and make sure you are tracking well in this first quarter of the 2022 FY.