Business Confidence in Australia Reaches 7 Year High
In April 2021, business confidence surged to a seven-year high, increasing from 62.9 to 125.3 thus rising by 48.4 points from levels recorded 12 months ago. Just over one year ago, business confidence hit a covid-19 pandemic record low of only 76.9 during the month of April 2020. Business confidence is 11.6 points above the long-term […]
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 […]
Australia’s Unemployment Has Fallen To 5.5 Percent Despite JobKeeper Ending
Recent figures released by the Australian Bureau of Statistics (ABS) have revealed that Australia’s unemployment has fallen to 5.5 percent. This has surprised many people, due to the fact that when the federal government’s JobKeeper wage subsidy ended on the 28th March it was anticipated to create a cliff that would plunge thousands of workers […]
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 […]
The Current Rate of Underemployment in Australia
When the Australian Bureau of Statistics (ABS) releases its monthly survey of the labour force, a person is only required to work a minimum of 1 hour a week to be considered as “employed”. On the surface this might make people believe that the government is trying to manipulate the unemployment data to make the […]
The Queensland Government Announces the Business Growth Fund Program
The Business Growth Fund Program (BCF) is a new program announced by the Queensland Government. The BCF provides funding to small and medium-sized businesses experiencing high-growth to buy specialised equipment to unlock growth potential, increase production, expand your workforce and maximise economic returns. Applications opened on Tuesday 11th May and will remain open until funding […]
Calls for The Australian Government to Expand Self-Education Deductions
The Institute of Public Accountants has called upon the federal government to follow through with its proposal to expand tax deductions to training and education that is unrelated to an individual’s current employment activities. At the present time, taxpayers are only eligible to claim tax deductions for self-education expenses that are directly related to their […]
Australia’s Small Business Sector Needs to Create 210,000 More Jobs to Ensure Full Economic Recovery
New research released by Xero on Wednesday 5th May illustrates that Australia was one of the fastest recovering economies in the world during the second half of 2020. It has been revealed that only 210,000 more jobs need to be created across Australia’s small business sector by the end of this year to drive a […]
An Important Reminder for Taxpayers to Keep Working from Home Records
Despite Australia faring much better than the majority of the world during the covid-19 pandemic, the working patterns of employees has changed in step with the rest of the world. Over the past 12 months millions of Australians have been forced to work from home. It is therefore crucial for taxpayers to keep a diligent […]
Tips for Reigniting Your Savings
It has been reported that 9 out of 10 Australians are unsure of how much money they spend each month. If you are saving for a holiday or a house or a car if you want to make it easier to reach your savings goal it would be a good idea to keep track of […]
