Business
Seven tax planning strategies for small business
19 October
Tried-and-Tested Tax Planning Strategies for Small Businesses Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. With a small...[Read More]
Critical considerations before setting up a board of directors
28 September
There are a couple of reasons you’d find it necessary to set up a board of directors in Australia. If yours is a publicly held company, regulators would require you to have a board of directors. Also, if you’re seeking funding from a venture...[Read More]
Inflation battle to hem household budget
28 September
The assistant treasurer has flagged further stress for household budgets following a spike in US interest rates. The US Federal Reserve announced a 0.75 per cent increase in official rates to a target range of 3 to 3.25 per cent, the highest levels...[Read More]
Budget deficit hits $32b in 2021/22
28 September
Government finances are in better shape than expected despite massive spending during the pandemic to support households and businesses. Treasurer Jim Chalmers and Finance Minister Katy Gallagher handed down the final budget outcome for 20201/22 on...[Read More]
Farmers ‘big winners’ in UK trade deal
21 September
Australia’s agricultural sector would be the big winner in a new free trade deal with the UK, the chief negotiator says. The Department of Foreign Affairs and Trade’s Elisabeth Bowes has told a parliamentary inquiry ratifying the...[Read More]
The importance of Single-Touch Payroll
15 September
Do you know what single-touch payroll (STP) is? Most likely, you’ve encountered the term, especially if you own a small business in Australia where STP is mandatory. This requirement applies even to companies employing just a single staff member...[Read More]
Consumer spending slowdown starts to show
14 September
Rate hikes and the soaring cost of living are finally starting to weigh on household spending. Non-essential outgoings decreased in August, according to CommBank’s household spending intentions index, with sectors such as travel,...[Read More]
Lift in growth but economy faces hurdles
7 September
The economy grew 0.9 per cent in the June quarter but Treasurer Jim Chalmers says the encouraging headline figure “doesn’t tell the whole story”. “Our economy is growing relatively solidly, but some of the challenges in the...[Read More]
Vehicle sales surge as Aussies go electric
7 September
The Australian vehicle market has posted its best August result for five years, with a 17 per cent surge in demand as sales of electric cars hit record levels. The Federal Chamber of Automotive Industries says 95,256 new vehicles were retailed last...[Read More]
Minerals sector to drive clean energy: PM
7 September
Prime Minister Anthony Albanese is pledging to work collaboratively with the minerals industry as Australia transitions to a clean energy future. Citing the lessons of last week’s jobs and skills summit where unions, businesses and government...[Read More]