28/07/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
28/07/2022
Job market may be affected by economic uncertainty
Record numbers of employees are switching jobs in search of greater workplace satisfaction, but with rising inflation and cost of living, some experts say these uncertain economic times may not be the best time to make a move.
ATO reveals which industries are most likely to dodge taxes
The community misses out on about $11 billion in taxes each year. The ATO has released its findings on the industries most likely to contribute to the “shadow economy”.
Why it might be a good time to invest in property
The combination of lower property values and the promise of ever-rising interest rates may mean that it’s an opportune time to invest in property.
How much do you need to retire?
The “million-dollar rule” is likely a myth. The Sydney Morning Herald breaks down how much you actually need to save to retire here.
Generational divides apparent when it comes to investment strategies?
New research suggests that Gen Z are both the most cautious and the most daring when it comes to investing. The interesting result is likely due to some young people panicking by hoarding what they have, and others trying to achieve wealth by being bold.
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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
Superannuation for the June 2022 Quarter is due to be paid today, i.e. the 28th of July 2022.
Make sure to transfer the funds to your nominated superannuation clearing house.