Australian Government Rejects Calls to Bring Back JobKeeper NSW Businesses in Lockdown
On Wednesday 7th July, the lockdown for the Greater Sydney Region was extended to a third week. As a result of the ongoing number of new covid cases in Sydney businesses have begun calling for the re-introduction of JobKeeper. The Treasury has responded to the requests by saying that workers in NSW who have been […]
Insolvency Rates in Australia Expected to Increase By 10% This Year
In comparison to the rest of the world, Australia appears to have dodged a bullet when it comes to business insolvencies, but it is not out of the woods just yet. Despite the Australian government’s temporary support measures, insolvencies are expected to rise by 10 percent this year and potentially increase by another 10 percent […]
The Australian Government Injects $15.3 Million To Assist E-invoicing Adoption
E-invoicing is set to feature prominently over the upcoming months as the federal government has announced a $15.3 million investment ahead of the upcoming federal budget. The investment is included in the $1.2 billion package unveiled by the Australian Government on Thursday 6th May which aims at accelerating Australia’s digital adoption. In an aim to […]
How The 2021 Federal Budget Will Impact Australian Small Businesses
On Tuesday 11th May, the Australian unveiled what’s been described as one of the most important and hotly anticipated federal budgets in recent decades. As Australia aims to bounce back from the covid-19 pandemic, there is a huge focusing on needing to ensure that Australia maintains a strong economic recovery, with the goal of supporting […]
The Australian Government Announces $1.2 Billion Digitalisation Package
The Australian Government has announced that it intends to make a huge investment in digital education for works, along with artificial intelligence, incentivising investment in game, refreshing government services, digitising SMEs, data management, emerging aviation technologies and cyber security. The ambitious new technology package is worth $1.2 billion was announced on Thursday the 6th May […]
Federal Government Announces Superannuation Boost For 300,000 Australian Workers
As part of the 2021 Federal Budget, The Australian Government has announced that businesses part-time and casual employees will now have to pay for their superannuation as the government discontinues the $450 minimum income threshold. Under the current rates, employees earning under $450 a month are not required to be paid the superannuation guarantee by […]
The Australian Government Removes Work Test for Voluntary Superannuation Contributions
The Australian Government has announced that older Australians in SMSFs will be able to contribute earnings or savings directly into superannuation funds with the repeal of the “work test”. As part of the May 2021 Federal Budget, new changes will enable individuals aged between 67 to 74 years to make or receive non-concessional including under […]
Nearly 500,000 Small Business Trading Without Digitalisation
Nearly 500,000 small businesses across Australia are currently trading with little to no digitalisation measures, while 34 percent of business who have were found to be more profitable as a result. On Tuesday 11th May MYOB published the findings of new research which discovered that 466,062 small and medium-sized businesses have been left in the […]
The Benefits of Embracing Digitalisation
The conception of digitalisation is something that thrills some business owners but at the same time frightens others just as much. If you run a business, many digitalisation options might have already been introduced into your business strategy. At the same time, you might also be hesitant to implement various elements of digitalisation. It is […]
The Federal Government Announces Tax Cuts Aiming to Reduce Unemployment
As part of the upcoming federal budget, the Australian Government has announced that it will give 10 million working Australians a one-off tax cut. The purpose of this incentive is to boost the economy as it has been revealed that the number of long-term unemployment across the country is drastically increasing despite Australia’s quick rebound […]