Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
The Australian Tax Office anticipates that many will continue to be impacted by COVID-19, and is offering support to get your taxes right the first time. A summary can be found here.
The official rate is expected to reach 0.6% or 0.75% – another rise in variable interest rates for homeowners and businesses
The submission was made to the Fair Work Commission on Friday, with an aim to assist minimum wage workers, who the party views as “heroes of the pandemic.”
The American President touted the country’s strong jobs report, and wished the Tesla CEO “lots of luck on his trip to the moon,” when questioned about Musk’s recent comments about having a “super bad feeling” about the economy.
Floods, the pandemic and fertiliser shortages put increasing pressure on suppliers, with no immediate relief in sight.
Cryptocurrency owners have been warned to start working out what they owe in anticipation of the upcoming tax season. Lessons come from the US, where their recent tax season saw some people owing more than what they earned after the recent crypto crash.
Jason Fritsch, the chief executive of Kagome, stated that with gas prices out of control and raw materials prices on the rise, it’s only a matter of time before consumers see even higher prices at the grocery store.
As winter approaches, workplace absences due to colds and flu were up 50% for the first two weeks of May. The drastic increase is due to a “perfect storm” of circulating winter illnesses and a lack of immunity due to the population not being exposed to the flu in recent years.
The latest data from the Regional Australia Institute shows that there were 84,600 regional job vacancies in April 2022. The numbers reveal the optimism that is driving growth outside capital cities, though a lack of services and housing constrain opportunities.
Starting July 1, there are changes to who is eligible for superannuation, as well as how much super businesses will need to pay staff.
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