Tough financial times can usher in a wave of stress. Here, we present ten strategies to assuage your unease by channelling your focus on the controllable aspects of your life. 1. Prioritise Personal Well-being: Adequate nutrition, sufficient sleep, reserved time for leisure, and learning relaxation techniques are critical to your overall health and wellness.
A wealth of scientific research has underlined the profound impact of financial issues on physical and mental well-being. Those wrestling with debt are more susceptible to various conditions, such as insomnia, hypertension, chronic pain, and even cardiac issues. However, it is our mental health that often bears the heaviest toll. Acute financial stress can
Tax planning applies to anyone who lodges a tax return and receives a tax assessment. In light of the Australian Taxation Office (ATO) shifting its focus to the small business ATO debt accumulated during the COVID-19 pandemic, understanding your tax payment schedule is vital for maintaining healthy personal and business cash flows. Tax planning
Ace in the Hole: Budget 2023-24 Last night the Treasurer, Jim Chalmers, handed down his second Federal Budget. The ‘ace in the hole’ of the 2023-24 Federal Budget was despite global economic uncertainty, a $4.2bn surplus; the first in 15 years driven by a surge in the corporate and individual tax take. A forecasted
NSW Government has just announced a number of support packages available for eligible businesses in declared disaster areas. Following is their summary for your convenience. Financial Support Small business and not-for-profit organisations Disaster recovery grant – up to $50,000 to help pay for the cost of clean-up and resuming operations. Disaster recovery allowance –