Photo By Scott Graham Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. ATO flags 3 key focus areas for this tax time As ‘tax time’ approaches, the Australian Taxation Office (ATO) has announced it will be taking a close look at 3 common errors being made by taxpayers: Incorrectly claiming work-related expenses; inflating claims for rental properties;… Read more
Photo By Austin Distel Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. New report reveals concerning reality about superannuation accounts Two-thirds of Australians don’t feel that their superannuation is in a good position for their age, new research has revealed. Data from the Australian Retirement Trust (ART) found that only 37 per cent of Australians know how to… Read more
Photo By Jakub Żerdzicki Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s economy ‘turned out stronger’ than expected but caution advised. AMP Chief Economist Shane Oliver says Australia’s economy has “turned out stronger” than expected. Annual inflation dipped to 3.6 per cent in the year to March. It is down from 4.1 per cent in the 12… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Unemployment better than expected, dampening hopes of early rates cut Australia’s unemployment Photo By Jason Goodman rate has risen slightly to 3.8 per cent after 6600 jobs were lost in March, a stronger-than-expected result that will likely end any chance of a mid-year interest rate cut. Macquarie Bank slapped with $10m… Read more
Photo By Gabrielle Henderson Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s economy: A mixed bag with signs of slowdown Amidst a backdrop of economic intricacies and evolving market dynamics, Australia’s fiscal landscape is both nuanced and volatile. As the Reserve Bank of Australia (RBA) maintains a cautious stance, retaining the cash rate in its recent… Read more
Photo By Benziad Welcome to our Weekly Digest: Is there sufficient competition in the Supermarket Supply chain. Apparently not. Stay in the know with some recent news updates relevant to business and the economy. Startling images reveal the truth about who owns most major brands found in the big two supermarkets A compelling illustration by a graphic design enthusiast has revealed the sheer concentration of ownership of popular brands found… Read more
Photo By Joachim Schnürle Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s inflation rate comes in lower than expectations in February at 3.4% ABS data shows consumer price index is stabilising, which will feed into the RBA’s next interest rate decision in May. Inflation has held steady for the second month in a row, as cheaper… Read more
Photo By Eric Prouzet Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Australia’s job boom sees unemployment rate fall Australia’s unemployment rate has fallen to 3.7% in February, according to data released by the Australian Bureau of Statistics (ABS), with around 116,000 people starting jobs in February. Resilience of Australian Households and Businesses In its latest Financial Stability… Read more
Photo By Krakenimages This week instead of our usual business update, we’ve decided to provide you with financial best practices for your small business. When you run your small business, there is a lot on your plate. That makes it tempting to let some tasks slide, especially tasks that are related to finances, which can be challenging and is often outside your preferred skill set or experience. There are some… Read more
Photo By Marcus Reubenstein Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Cost of living relief coming, just not a big budget cash splash Australians can expect some fresh cost of living relief in May when the federal budget is unveiled, but Treasurer Jim Chalmers has ruled out a big cash splash. Business conditions improve in February February saw an uptick in… Read more