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 […]
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 […]
Casual Workers Across Australia Are Left in Financial Limbo During Covid Lockdowns
Once again, a number of Australia’s biggest cities have been placed under new lockdowns, as a consequence of this, hundreds of thousands of casual workers across the country have been left without an income thus giving them an uncertain and anxious future. Some casual workers will receive a $500 crisis payment if their city’s lockdown […]
ATO Declares It Won’t Use e-Invoicing to Facilitate Tax Compliance
The Australian Tax Office (ATO) has announced that it has no plans to use e-invoicing as a way of facilitating tax compliance, despite fears that Australia may eventually move to emulate other countries by scrutinising e-invoicing data. The ATO has assured businesses that the Tax Office has not been granted the authority to view the […]
Government Announces New Support Measures For Victorians In Lockdown
On Thursday 15th July, Prime Minister Scott Morrison and Victorian Premier Daniel Andrews both came to an agreement to offer support to Victorian workers located in the latest covid-19 hotspots who will lose income due to the new restrictions. Victorian workers who have lost between eight and less than 20 hours of work will receive […]
Consumer Sentiment Plunges In NSW As It Remains Firm In The Rest Of Australia
Consumer concerns related to the NSW Government’s latest lockdown for Greater Sydney have yet to spill out into other states, in contrast to similar conditions seen under similar lockdown conditions in Victoria through August of 2020. The Westpac-Melbourne Institute Index of Consumer Sentiment rose by 1.5 percent to 108.8 in July, up from 107.2 in […]
