Another day, another bank announcing a resounding rebound from the COVID-19 pandemic. National Australia Bank (NAB) has announced that its first half-year profits have more than doubled as the economy continues to recover from the COVID-19 downturn. NAB is the third of the big four banks to announce half yearly […]
Big 4 bank announces billion-dollar profit boost Read More »
The ATO has issued another tax-related reminder for those working from the kitchen bench, outlining scenarios that do not qualify for the temporary shortcut method. The ATO has outlined that even though people are shifting back to the office, many are opting to continue working from home at least one
Top 4 no-go expenses if making WFH claims this year Read More »
COVID-19 has pushed many rural Australians to breaking point after an already tough summer, an accountant has told nestegg. Simone Palfreyman is the principal of Palfreyman Chartered Accountants in Cessnock and has seen a number of clients suffering due to business closures and separation of family and friends due to
‘Can you help me?’: The pandemic’s impact on rural Australians Read More »
The Australian government will use next month’s budget to target Australia’s unemployment rate and reduce taxes paid as it looks to support the economy post the COVID-19 downturn. In a speech made ahead of the 11 May federal budget, Treasurer Josh Frydenberg said he plans to delay budget repairs to instead focus
‘This will be another pandemic budget’: Frydenberg Read More »
Speculation that the likelihood of rising March quarter inflation data would signal the prospect of interest rate rises has predictably once again fallen well wide of the mark, an economist has said. Inflation is significantly lower than economists expected, further justifying the Reserve Bank’s decision to keep interest rates at
Rate of inflation disappoints, silencing interest rate doomsayers Read More »
The fallout from the global pandemic is reshaping the way in which people of all ages work. More people are working from home than ever before and many companies have had to adapt their business models. Industries such as tourism, construction and hospitality have seen mass layoffs, particularly across groups
Do business better: The next normal needs older workers Read More »
The response by the banks and the government to the COVID-19 pandemic has seen mortgage stress fall to a near record low, but dangers remain when support is withdrawn, consumer research has found. Survey results by Roy Morgan show that an estimated 751,00 mortgage-holders or around 20 per cent were
Are Australian mortgages held together by government support? Read More »
Managing multiple loans can be difficult – and stressful. One way to simplify your financial situation and save yourself time, effort and (hopefully) money is to centralise your debt. But it’s not always the right answer, so here’s what to consider before you consolidate. When you borrow money, the most
Getting it together: what to know before you consolidate Read More »
As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result
Concerned about servicing your loans? Read More »
With interest rates at record lows and competitive deals on offer, switching to a new loan or lender may be an appealing prospect, with the potential to make significant savings. Since the Reserve Bank of Australia (RBA) began its latest round of rate cutting, lenders have been lowering mortgage interest
Three questions to ask before you refinance Read More »