Queensland State Government Offers $10000 Lifeline For Businesses Impacted By Lockdown
Queensland businesses who are struggling as a result of the state’s newest lockdown have been given a financial support lifeline by the state government in the form of a $10,000 lockdown grant. The announcement was made on Monday 2nd August by Queensland Treasurer Cameron Dick, who revealed that the $260 million support package will be […]
Gold Coast Tourism Plummets Following New Border Closure
As a consequence of the Queensland Government’s decision to shut its border to all of New South Wales, businesses located on the Gold Coast have taken a huge financial hit as a result of losing access to customers located in Tweed Heads and the Northern NSW. A fourth-generation Gold Coast farmer located only kilometres from […]
The ATO Paid $5.3 Billion In Tax Returns During July 2021
Recently published figures from the ATO (Australian Tax Office) has shown that 2.1 million taxpayers across the country have so far received an average tax refund of $2,490 this contributing to a total of $5.3 billion, in the first four weeks into 2021 tax time. Assistant Treasurer Michael Sukkar tried putting a positive spin on […]
NSW and Victoria Government Boosts Support For Business
New South Wales and Victoria State Governments have both announced an increased level of business support measures to lessen the burden of recent state lockdowns, while the federal government has also increased its support for individuals as the covid-19 crisis continues to drag on. NSW Government Opens Applications For JobSaver On Monday 26th July, applications […]
Superannuation Changes Announced In The 2021 Budget
This years Federal Budget consisted of a large number of significant changes being made to superannuation. If they are successfully passed by Federal Parliament, these changes are set to apply from the 1st July 2022 after the date they receive Royal Asset. 50 Percent Reduction In Minimum Pension Extended To 30th June 2022 Although this […]
One in Seven Australian Employees To Pay For Higher Super With Reduced Wages
More than one in seven employees across Australia have been informed that their extra superannuation payments will be deducted from their wages. This worrying figure, which occurs weeks after the superannuation guarantee (SG) increased from 9.5 to 10 percent of wages, has led to lawyers reminding Australians that most workers are legally allowed to receive […]
Australia’s Unemployment Rate Drops Under 5 Percent For The First Time In A Decade
According to new figures from the Australian Bureau of Statistics (ABS), Australia’s unemployment rate has dropped to 4.8 percent, with just under 30,000 jobs being created in the month of June 2021. These figures indicate that the nation’s unemployment rate has now declined for eight consecutive months, taking the unemployment rate to its lowest level in […]
SME Tax Debts Reaches A Record $21 Billion
It can be revealed that, small and medium businesses across Australia owe a total of $21 billion to the ATO (Australian Tax Office). The figures were published according to new data compiled by the Inspector-General of Taxation and Taxation Ombudsman (IGTO). Despite this record figure, the large majority of small business owners have said that […]
Employee Overtime Increased By 33 Percent In 2020
Recently published research has highlighted that overtime work increased in 33 percent of businesses across Australia over the last 12-month period. 59 percent of non-award staff were unpaid for their extra hours. Only 13 percent managed to decrease overtime over the past 12 months. Of those 33 percent of Australian business that increased overtime, 20 […]
Advice For Small Business Owners Wanting To Beat Social Media Fatigue
Social media fatigue is a big problem for business owners. When you are in charge of running a small business, you are required to do the marketing and at times it can be exhausting. However, if your customers are on social media it is super important for you to be active on at least a […]
