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Tax office targets working from home deductions 04/07/2023

Tax office targets working from home deductions The fixed rate method for calculating your deduction for working from home expenses has been revised. The revised fixed rate method is $0.67 per work hour and available from 1 July 2022. The fixed rate method has been revised to: increase the rate per work hour that you can claim when you work from....

Australia to scrap cheque payments within seven years 04/07/2023

Australia to scrap cheque payments within seven years No more cheques will be cashed after 2030 as the treasurer signs off on an end date for the paper-based payment. The decision to phase out cheques before the end of the decade falls under the federal government’s plan to modernise the nation’s payments system. Treasurer Jim Chalmers says Austral...

Race to renewables as households face power bill hikes 04/07/2023

Race to renewables as households face power bill hikes Australia has a mountain to climb to get to cheaper energy bills, but the federal government is confident its planned transition to renewables will help bring costs down. However, some industry leaders are unconvinced and warn wholesale prices could remain high for at least the next few years. Despi...

Reaction to latest RBA interest rate hike 04/07/2023

Reaction to latest RBA interest rate hike RESPONSES TO LATEST INTEREST RATE RISE * ACOSS deputy chief executive Edwina MacDonald: “Instead of relying on the blunt tool of interest rate hikes, the government should be tackling inflation directly by better regulating the rental market and taking further action to reduce energy and healthcar...

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