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ASX to open flat; and here's all you need to know about tax time

Jessica Yun
·2-min read
MELBOURNE, AUSTRALIA - MAY 05: A medical practitioners work at a drive through testing clinic in the carpark of Victoria Gardens Shopping Centre on May 05, 2020 in Melbourne, Australia. The Victorian Government has set up additional COVID-19 testing clinics across Melbourne in a bid to test up to 100,000 people in two weeks. Victorians with even the mildest symptoms are being asked to go get tested, as the state pushes to stop the further spread of coronavirus (COVID-19). Tough restrictions on movement and gatherings remain in place across Victoria despite a decline in the number of confirmed coronavirus cases across Australia. All non-essential businesses remain closed or are restricted in operation, while public gatherings are limited to two people and social distancing measures require people to keep a safe 1.5m distance from one another. All international arrivals into Australia are being sent to mandatory quarantine in hotels for 14 days. (Photo by Darrian Traynor/Getty Images)
MELBOURNE, AUSTRALIA - MAY 05: A medical practitioners work at a drive through testing clinic in the carpark of Victoria Gardens Shopping Centre on May 05, 2020 in Melbourne, Australia. (Photo by Darrian Traynor/Getty Images)

Good morning.

Here is Yahoo Finance’s Monday morning wrap:

ASX: The Australian share market looks set to open flat or lower, with investors spooked by rising cases of Covid-19 in Victoria and in the US.

The Australian SPI 200 futures contract was lower by 78.0 points, or 1.31 per cent, to 5,854.0 at 0700 AEST on Monday.

Wall Street finished off the end of last week lower amid spiking cases of the virus.

We’re one week out from tax season. Yahoo Finance has put together the ultimate tax-time guide which will be updated nearly every single time we publish another tax story, so it’s one to bookmark. Here’s everything you need to know about tax time 2020, and what it means for your refund.

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If you’re a small business owner, start here. Our tax expert gives you a heads up on the kinds of things you should tick off your checklist before 1 July hits. Here’s what you need to do.

On another note, if you’re a first-home buyer, make use of this checklist by a money coach to avoid money and mortgage stress.

The government is serious about getting people into jobs. $4.3 million is being invested to create and run a ‘one-stop-shop’ to help Aussies up-skill and become more job-ready.

"The microcredential marketplace will be a platform for job-seekers to see what skills they can gain by further study to help them get a new job or to get ahead in their current job,” said Education Minister Dan Tehan. What’s micro-credentials? Yahoo Finance did a comprehensive piece on this last year.

Gen Z TikTok users booked out tickets to US President Donald Trump’s first political rally that they never intended on going to, making the arena look rather empty. Here’s what that was about.

And: It’s no time to get complacent about coronavirus. WHO has reported the largest single-day spike in Covid-19 cases, with more than 183,000 new cases recorded in the latest 24 hours. Victorians are being discouraged from visiting these coronavirus hotspots, and Melbourne shoppers are being slammed by the retail union for entering stores after getting tested for Covid-19.

–with AAP

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