Queensland Pubs and Cafes Will Ban Unvaccinated Patron Starting Next Month
The Queensland Government has announced that pubs and cafes across the state will ban unvaccinated customers from entering venues once Queensland reaches it’s 80 percent doubled-vaccinated milestone. This milestone is currently projected to be reached by Friday 17th December. Outside of the hospitality industry, the unvaccinated will be able to attend weddings but only if […]
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 […]
Unpaid Overtime Has Increased During the Covid-19 Pandemic
A recent report has shown that the number of Australians working unpaid overtime has increased significantly during the covid-19 pandemic. The report can reveal that unpaid workers are missing out on an average $230 a week or $460 each fortnight. Across the country Australians are working an average of 6.1 hours of unpaid work each […]
Queensland State Government Outlines Rewards For Businesses That Only Accept Vaccinated Customers
On Monday 18th October, The Queensland State Government announced it’s roadmap towards re-opening the state for visitors from both interstate and overseas. As part of the announcement Deputy Premier Steven Miles has announced that pressure will be placed on Queensland Businesses outlining that businesses who adopt a “vaccinated only” policy will be rewarded with […]
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 […]
Common Cashflow Related Problems And Tips For Fixing Them
Cashflow is the buzzword used to describe for all of the money that is coming into and going out of your business. In financial terms, it’s the culmination of accounts receivable and accounts payable. Cashflow is not about sales or revenue, it’s about the actual, cold hard cash that is made available (or unavailable) to […]
A Large Number of SMEs Report To Having Difficulties With Their Cashflow
Recently published research has revealed that a large percentage of Australian SMEs are struggling with their cashflow as a result of the ongoing covid-19 pandemic. The survey that included data from over 900 commercial financial brokers showed that even before the latest lockdowns in NSW and Victoria came into full effect close to 77 percent […]
Australia’s Current Insolvency Rate Is Much Lower Than Anticipated
A recently published survey has found that the current insolvency rate for Australian business is running at less than half the pre-covid levels. However, this might be a result of the ongoing lockdowns and border closures. Despite the winding back of government support packages, external administrations are still running at historical lows despite concerns last […]
Listed Companies Are Required to Report JobKeeper Grants
Recently announced legislation means that listed entities are required to separately notify the market of JobKeeper payments even if that information has been included in the entity’s annual financial report. The legislation known as The Treasury Laws Amendment (2021 Measures No. 2) Act 2021 was announced by the Australian Government in September 2021. The announcement […]
