The treasurer was providing a briefing on Treasury’s modelling in conjunction with that of the Doherty Institute, which has set vaccination levels of 70 and 80 per cent to lessen the need for lockdowns and free-up state and international borders.

If you are carrying on an enterprise renting out commercial residential premises, such as a commercial boarding house, you will have different income tax and GST obligations. However, just because you provide services in addition to providing a room (for example, provide breakfast or cleaning services)

Global share markets fell over the last week, not helped by concerns about Chinese regulatory tightening, a likely slowing in tech sector earnings growth and ongoing worries about a resurgence in coronavirus cases.

Worrying about your finances can take a real toll on your mental health. With many people experiencing financial stress this year, we look at what you can do to improve your financial (and mental) wellbeing.

It seems the bad news on coronavirus doesn’t let up. The lockdown in NSW looks like going longer. There is endless debate about whether governments are doing the right thing, whether the vaccines will work and when we can reopen. And coronavirus cases are on the rise again, globally posing risks to the economic recovery. But there remains light at the end of the tunnel. This note looks at five reasons for optimism.

As a business owner, it’s likely you have no shortage of competing demands on your capital. In your quest for growth, you might want to hire additional staff, move to bigger premises, increase production capacity, diversify your product range or spend more on marketing.

Young Australians are stressed about how the pandemic has impacted their education and mental health and are concerned about ongoing isolation, a new survey has found. Mission Australia released results from its 2020 Youth Survey on Wednesday, showing young Victorians have been hit the hardest by issues brought on by the pandemic.

National wage subsidies will not be reintroduced despite millions of workers losing pay cheques as coronavirus lockdowns sweep Australia. Prime Minister Scott Morrison is adamant weekly disaster payments of between $375 and $600 will provide rapid support to people suffering hardship during outbreaks.

If you’re a sole trader who has received JobKeeper payments, you need to include the payments as business income at the label ‘Assessable government industry payments’ in your individual tax return.

Super funds invest your money in many things, such as shares, property and managed funds. They may also offer different types of insurance, such as income protection. The YourSuper comparison tool is a simple way to compare MySuper products and help you choose a super fund that meets your needs.

You can lodge online using myTax, through a registered tax agent or complete a paper tax return. Your tax return covers the income year from 1 July to 30 June. If you need to complete a tax return you must lodge it or engage with a tax agent, by 31 October.

If you do not pay an employee’s super guarantee on time and to the right fund, you must lodge the superannuation guarantee charge (SGC) statement and pay the SGC to us. When eligibility requirements are met, late super payments can be used to offset the SGC, pay super in the current quarter or put the payment towards future super payments.

US shares managed a 0.4% gain for the week as “dip buying” possibly helped by news of monetary easing in China drove a strong gain on Friday. However, Eurozone shares fell -0.2%, Japanese shares lost -2.9% and Chinese shares fell -0.2%.

The past financial year saw a spectacular rebound in returns for investors as the focus shifted from the recession to recovery against a backdrop of policy stimulus and vaccines. But what about the year ahead?

It’s important to lodge all outstanding activity statements before you lodge your tax return, so your tax assessment includes the instalments you’ve paid throughout the year.