Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. ATO flags 3 key focus areas for this tax time As ‘tax time’ approaches, the Australian Taxation Office (ATO) has announced it will be taking a close look at 3 common errors being made […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. New report reveals concerning reality about superannuation accounts Two-thirds of Australians don’t feel that their superannuation is in a good position for their age, new research has revealed. Data from the Australian Retirement Trust (ART) […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s economy ‘turned out stronger’ than expected AMP Chief Economist Shane Oliver says Australia’s economy has “turned out stronger” than expected. Annual inflation dipped to 3.6 per cent in the year to March. It is […]
Managing payroll might not be the most thrilling part of running your business, but it’s an important one. Payroll errors can lead to disgruntled employees, hefty fines and legal troubles. Let’s make sure you’re set up for success and can easily dodge these common pitfalls: 1. Not Staying Updated with Legislation Things are always changing. […]
Read More… from 5 common payroll implementation errors you can easily avoid
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Unemployment better than expected, dampening hopes of early rates cut Australia’s unemployment rate has risen slightly to 3.8 per cent after 6600 jobs were lost in March, a stronger-than-expected result that will likely end any chance […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s economy: A mixed bag with signs of slowdown Amidst a backdrop of economic intricacies and evolving market dynamics, Australia’s fiscal landscape is both nuanced and volatile. As the Reserve Bank of Australia (RBA) […]
Inflation – it’s a word that’s been on everyone’s lips recently. Rates are on the rise, and our small business community is feeling it the most. Increased supply costs, a lack of workforce, and dwindling profits are among the challenges faced. Let’s demystify inflation and delve into its impact on small businesses. Grasping Inflation In […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Startling images reveal the truth about who owns most major brands found in the big two supermarkets A compelling illustration by a graphic design enthusiast has revealed the sheer concentration of ownership of popular […]
If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritising what you need to do right now – deal with a customer, meet a deadline, attend an event – and the things you know you should do for […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s inflation rate comes in lower than expectations in February at 3.4% ABS data shows consumer price index is stabilising, which will feed into the RBA’s next interest rate decision in May. Inflation has […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s job boom sees unemployment rate fall Australia’s unemployment rate has fallen to 3.7% in February, according to data released by the Australian Bureau of Statistics (ABS), with around 116,000 people starting jobs in February. […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Cost of living relief coming, just not a big budget cash splash Australians can expect some fresh cost of living relief in May when the federal budget is unveiled, but Treasurer Jim Chalmers has ruled out a big cash […]
With rising interest rates and inflation soaring, households are dealing with higher borrowing costs, leaving them with less disposable income to spend. That means businesses are feeling the pinch, and to make matters worse, staff shortages are adding to the pressure. Sales decline affects all businesses. Almost every sector is experiencing a downturn. Building companies, […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australian economy grows ‘a little but not a lot’ Australia’s economy grew by 0.2 per cent in the December quarter, the smallest increase in more than a year but one that nonetheless pushed the nation […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Inflation remains flat at 3.4% in January, fuelling hopes of RBA interest rate cut Inflation remained flat in January at a two-year low, helped by falling prices for meat and seafood, stoking hopes the […]
Payroll is one of those things that starts out simply enough. You start your business, hire a few employees, and things tick along pretty well. It’s straightforward enough to keep everything in line at first, but what happens to most companies is… they grow! This is a great thing, but it also means that payroll […]
Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. Employer audits to surge, ATO warns The ATO has warned businesses of an increase in employer audits, as it plans to double the number of audits for 2022. The surge is due to a focus […]
While many small business owners prefer brainstorming new ideas to pouring over financial reports, getting a handle on financial analysis can be remarkably empowering. Taking the time to regularly review financial statements can help you assess and improve current performance, avoid risk and make scalable plans for future growth. Protect your company’s financial health by […]
Getting caught up on a week that got away? Here’s your Weekly Digest of some stories relevant to business and the economy. Big reason interest rates will be cut – and soon Rate cuts aren’t forecast until December 2024 but this prediction doesn’t tell the full story of what’s happening in Australia. Australia’s economy likely […]
Did you know? The Australian Taxation Office (ATO) has very specific rules for claiming a deduction for expenses. “The Dos” On this webpage,the ATO shares what it calls ‘the three golden rules for claiming your business expenses’. We call them the “Dos”. They are: ‘The money must have been spent for your business (not a private […]