What will Australia look like in 40 years? We look at the key takeaways from the 2023 Intergenerational Report.

The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years driven by a range of factors.

Inflation in the US has started to decrease suggesting that interest rates may not rise as high and as aggressively as expected.

It appears highly likely that significant tax increases will occur in the 2023 or future Budgets... but we have a plan.

Read our summary about the Budget's practical tax implications for individuals, small businesses and superannuation.

With interest rates rising, what can we expect? For businesses, the rate increase has a twofold effect.