Tag: australian business

How to Know When It’s Time to Close Your Business

A large number of Australian businesses have been forced to close their doors with good over the duration of the covid-19 pandemic. As a business owner knowing when to quit will likely save you further heartbreak and also plenty of money. Starting a business is tough and it can be even tougher closing it both […]

The ATO Plans to Auto-Call ABN Cancellations

The Australian Tax Office (ATO) has announced that Australian Business Number (ABN) holders or their accountants might be contacted by the tax office during the months of November and December 2021 as it moves to automate its ‘intent to cancel’ program. ABNs can be selected for the cancellation program if the tax office cannot detect […]

Signs That It Might Be Time To Change The Direction Of Your Business

Launching a new business is extremely difficult and knowing when something is not working is even more difficult to navigate or to come to terms with. Many people out there who end up getting stubborn and as a result of this try to convince themselves to believe that they have the right business idea and […]

Australian Hospitality Is Experiencing A Huge Recruitment Crisis

The Australian hospitality industries is experiencing a huge recruitment crisis as there are currently an excess of 100,000 vacant roles. As a result of this a large number of lucky Australians working in the industries are getting paid double their award hourly rate. The challenges that employers are facing to entice people to work with […]

Wage Growth Continues to Increase Across Australia

Wage growth figures across Australia have continued to rise closer to the levels recorded prior to the start of the covid-19 pandemic. This trend has occurred despite covid lockdowns still occurring across most of the eastern cost of Australia during the September quarter when the data was collected. The latest figures published by the Australian […]

Australia’s Unemployment Rate Continues to Rise

According to the Australian Bureau of Statistics (ABS) an extra 138,000 jobs were lost during the month of September 2021. This means that Australia’s unemployment rate increased up to 4.6 percent, from 4.5 percent, with another dramatic deterioration in the participation rate the main reason why the unemployment rate did not jump further.  Australia’s participation rate hit a […]

Accountants Encouraged to Talk to Their Clients About Business Closures

Accountants across Australia have been encouraged to raise the issue of business closures with their clients as ongoing lockdowns are quickly resulting in the death of a number of businesses. Recently published data shows that business defaults have increased by 20 percent over the past month. Averaging an increase of 10 percent over the last […]

Tips For Reducing Burnout In The Workplace

Experiencing burnout in the workplace a problem many Australians experience at some stage during their professional career. This has become even more common in the age of covid-19 when a recent survey revealed that almost three-quarters of Australian and New Zealand workers admit to have experienced burnout at some stage during 2020.  There are many […]

Federal Government Opens Up Submissions For New Franchise Rules

The Australian Government has published draft amendments to the Franchising Code of Conduct to support the establishment and operation of the Franchise Disclosure Register. The amendments proceed the 2021-22 budget commitment of $4.3 million for a new Franchise Disclosure Register to assist prospective franchisees to make an informed decision before entering a franchise agreement. Stuart […]