How will the latest Federal Budget affect middle-market businesses and people? In the 2024-25 Budget led by Jim Chalmers, there's a focus on balancing support and caution. Measures like rebates on power bills for homes and small businesses, cheaper medications, and announced tax reductions aim to address the ongoing high cost of living.

During tax season, the ATO pays close attention to specific areas where taxpayers are inclined, either unintentionally or intentionally, to make errors. So, what's under their radar this year? They're focusing on record-keeping, work-related expenses, rental property income and deductions, sharing economy earnings, and gains from crypto assets, property, and shares.

Parents often want to support their children, especially when it comes to big milestones like buying a home. But there are some important things to consider before diving in.