ABC Business Daily

You might have heard about the new $1,000 tax deduction for work-related expenses... but how will it actually work?

In this episode of Tax Week with ABC Business Daily, Carrington Clarke and Emily Stewart unpack everything you need to know about the new $1,000 dollar work-related tax deduction: what it is, what it isn't, and who it makes sense for. 

Be sure to check out Emily's ABC Newsletter, Your Money Explained. 

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Tech titans are spending trillions of dollars as they compete to be crowned winner of the ongoing artificial intelligence race.  

But this raises a fundamental economic question: is the expenditure actually going to be worth the prize?

And will there be anything left over for those who come runner up?

You can read Ian's AI analysis here.  

Be sure to catch our bonus tax-week episode here - a what-you-need-to-know before the financial year ticks over tonight! 

Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Not sure what to do with all those tax receipts? How will the new $1000 tax deduction actually work? And what about changes to negative gearing and the CGT discount? 

Welcome to Tax Week with ABC Business Daily, a special bonus series hosted by Carrington Clarke and ABC finance reporter Emily Stewart, aka ‘Sensible Emily’, editor of the Your Money Explained newsletter.  

In this episode Carrington Clarke and Emily Stewart cover what to do before the financial year ticks over tonight, what to know about work-related purchases, and the low-down on super top-ups and concessional contributions. 

Be sure to check out Emily's ABC Newsletter, Your Money Explained. 

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

American drivers will have one less electric vehicle maker to choose from, with the news that EV company Polestar has been banned from selling in the US.

So why is the Swedish brand seemingly paying the price for its Chinese tech? And what questions does this raise for a booming Australian EV market - packed with Chinese cars?  

Meanwhile here at home, a long-time-coming piece of legislation that takes aim at money laundering will introduce added requirements for those working in the property and related industries.

How do these new laws interact with an Australian property market that is currently cooling across much of the country?

Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

You can listen to today's episode of Fuelcast here. 

And you can read Daniel Ziffer's piece on new anti-money laundering laws here. 

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

The US struck Iran over the weekend following Iran’s drone attack on a cargo ship in the Strait of Hormuz late last week. Ebrahim Azizi, head of the Iranian parliament’s national security commission, responded to US President Donald Trump on social media saying, “the Strait of Hormuz is governed by Iran, so: Respect the rules” and do “not mistake control for escalation.”

Iran is effectively controlling the Strait of Hormuz by targeting shipping insurance viability, pressuring vessels to seek approval from its newly established Persian Gulf Strait Authority (PGSA).

Does this mark a global shift in terms of how passage through the Strait is governed? What will the next move be from the US? 

Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Read Alan's latest analysis here.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

4DMedical has become one of the most closely watched healthcare companies on the ASX this year, as investors and hospitals alike pay attention to an Australian technology company trying to change how lung disease is detected and treated.

Andreas Fouras is the mechanical engineer behind it. He took technology originally developed to study airflow in wind tunnels and adapted it to measure airflow and blood flow inside the human body. Two decades later, 4DMedical is selling into some of America’s biggest hospitals, showing how Australian medical imaging technology can find a much bigger market offshore.

Alan Kohler speaks to Fouras about how the technology works, why US hospitals are paying up for it, the long road from research idea to commercial product, and the complexities of getting homegrown health technology into Australian hospitals.

Then there is the question of cost - and the ethics around big profit margins in a medical setting. And what does Fouras make of the new capital gains tax rules for startups trying to build the next wave of Australian growth?

CEO of 4DMedical Andreas Fouras joins Alan Kohler to unpack it all on That's Business with Alan Kohler.

Got a burning business question?

Send a short voice recording to the ABC Business Daily team at [email protected]

It's been a big week for economic data - with fresh jobs numbers in from the ABS, showing that employment increased in May.

But how do these numbers relate to the bigger economic picture in light of yesterday’s CPI data and the RBA's July decision?

And while the data says that some Aussies are starting jobs, another media shake-up appears to be brewing. What do you need to know about media reports that Today host Karl Stefanovic is expected to leave Channel Nine?

Meanwhile APRA has issued an AI warning to Australia's financial institutions. What's behind the regulator's message to 'fight fire with fire?'

Carrington Clarke and ABC Finance journalist Alicia Barry break it all down on ABC Business Daily.

Tune into the Business, weeknights on ABC iview.  

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

The latest CPI numbers showed headline inflation easing thanks in part to falls in fuel prices.

But the trimmed  figure - which helps to measure underlying inflation came in hotter than the previous month.

So where does this leave the RBA on the question of  'where to next' on interest rates?

Meanwhile - there’s been a budget deal with Labor and the Greens. What do you need to know about it? 

And why are some Australians noticing a spike in their electricity bills?

Be sure you're keeping up with the latest breaking business and economics news on the ABC Live Business Blog.  

Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Today brings tales of Australian business turmoil. 

After criticism and pressure, more heads are rolling at KPMG, while one-time tech darling, WiseTech Global, saw its share price pummelled yesterday - hitting a 5 year low following reporting surrounding founder Richard White.

And while this unfolds at home - is SpaceX shaking up business as usual on the stock market internationally?

Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

You can read Ian's article on SpaceX here. 

And listen to our sister podcast Politics Now, unpacking the Greens' support of Labor's capital gains tax and negative gearing changes, here. 

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Fresh data from Cotality shows that property sales continue to slow with a drop in auction clearance rates while the rental market remains hot.

Meanwhile a new report into Australia’s tax system says young people are carrying more than their fair share of the load.

And did Friday’s senate inquiry into KPMG mark a major milestone in holding the professional services firm to account? 

Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

Check out Gareth Hutchens' piece about the tax system report here.  

Listen to today's episode of Fuelcast here. 

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]