10/11/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
10/11/2022
ASX inches up after news of strong US jobs report
The stock markets opened the week strong, with the ASX climbing after the most recent US jobs report. Stock markets around the world followed suit.
Senators launch inquiry over phoenix operations
The illegal practice of “phoenixing” costs the economy between $2.85 billion and $5.13 billion every year. It’s when a company deliberately goes into liquidation then starts again under a different name to erase its debt.
Potential home buyers holding off
Home buyers are avoiding making a purchase because they are worried about their new property being worth less money in the future as the housing market falls.
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Star Highlights
Christmas is only 46 days away.
Have you done your shopping yet?
Star Reminders
We are currently working through the September 2022 Quarter BASs.
They are due for lodgement by 25 November 2022.