The 2024/25 Federal Budget, presented by Treasurer Jim Chalmers, prioritises cost of living relief while maintaining fiscal control. Notable features include tax cuts, support for small businesses, housing and infrastructure funding, and amendments to higher education funding. Other highlights encompass superannuation on paid parental leave and the phasing out of live sheep exports. Despite forecasted deficits, the budget aims for long-term economic stability and growth.

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As the backbone of the Australian economy, small businesses play a crucial role in driving growth and innovation. However, navigating the complex landscape of insurance can be daunting for these entrepreneurs. In this article we discuss some of the key person risks of a business and how you might decide to mitigate them.

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Getting the information together for your tax return can be a daunting process. It is hard to know what information to include and what not to include and how to achieve the best tax outcome for that financial year.

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The ASX200 struggles to find traction, marked by fluctuations and modest gains offset by significant losses, staying flat. Shrinking due to hot inflation data, particularly in energy shares. Speculation surrounds the RBA's upcoming meeting amid rising inflation. Global markets rebound, notably the Hang Seng surges, influenced by reassessed US Fed policies.

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Outsourcing bookkeeping services has become an increasingly popular choice for businesses seeking to optimise their financial management processes. Here's a closer look at why outsourcing offers significant advantages.

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Estate planning is a crucial aspect of ensuring your assets are distributed according to your wishes after you pass away. However, for blended families, i.e., families where one or both partners have children from previous relationships, estate planning can be particularly complex. Understanding the nuances of the legal framework, fostering clear communication, and tailoring estate planning documents to suit the unique dynamics of blended families are essential steps in this process.

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Domestic markets suffered a 2% drop in ASX200 over the past fortnight, led by a 1.81% slump on Tuesday, with Communications down 3.4%. Iron ore prices rose 7%, but RBA warns of an 80% export decline due to declining population and construction. Australian bond yields rose to 4.37% amid inflation concerns. In the international arena, US inflation data dampened hopes of rate cuts, while China surpassed GDP forecasts, but faces challenges ahead, impacting regional markets.

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Salt Financial Group is hosting a seminar, "Ageing Well: Navigating Aged Care with Confidence," to guide clients through the financial complexities of aged care. Topics include fees, legal documentation, budget planning, and maximising government assistance. Join us to secure your financial future in aged care. RSVP by April 9th.

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Salt is in the process of introducing a new ATO mail system on behalf of our clients which will allow us to download and distribute all forms of ATO mail in the most efficient manner possible. As we begin this transition, it is important that you, our clients, understand how it operates and how your ATO correspondence will begin to be received. The new ATO Mail system using 2 factor authentication. This means when your ATO mail is sent electronically, you will receive a text message with a 6-digit code which will be required to access the mail via email.

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