Business
Top questions when applying for a director ID
16 November
Who needs to apply for a director ID? You need a director ID if you are a director of a: company registered with the Australian Securities and Investments CommissionExternal link (ASIC) or the Office of the Registrar of Indigenous...[Read More]
Fair go push on parental leave
16 November
Businesses are being encouraged by the federal government to equally fund paid parental leave schemes for men and women so families can maximise time with their children. While all parents are entitled to 20 weeks of government-funded leave, not all...[Read More]
Recession unlikely in Australia, says IMF
16 November
The International Monetary Fund expects Australia to dodge a recession but has downgraded its expectations for growth next year. The United Nations agency anticipates growth slowing to 1.7 per cent in 2023 – less than the 1.9 per cent forecast in...[Read More]
Budget good, but more needed: business
26 October
Peak business groups have hailed the Albanese government’s first budget as careful and cautious, but warn hard work lies ahead to shore up the economy. Business Council chief Jennifer Westacott said the Labor economic blueprint made the necessary...[Read More]
Workers must wait two years for a pay rise
26 October
Workers will wait two more years for a lift in real wages after the Albanese government’s first budget warned inflation would outstrip pay growth until 2024/25. Treasury predictions in Tuesday’s 2022/23 budget see the tight labour market pushing...[Read More]
Annual inflation soars to 7.3 per cent
26 October
Inflation has surged to 7.3 per cent annually in the September quarter as supply chain bottlenecks, high energy prices and expensive freight continues to drive up the cost of living. Inflation over the quarter hit 1.8 per cent, according to data...[Read More]
Seven tax planning strategies for small business
19 October
Tried-and-Tested Tax Planning Strategies for Small Businesses Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. With a small...[Read More]
Workers need right to switch off: report
19 October
Employees should have the right to “disconnect” from work and not be contacted by bosses after knock-off time, a parliamentary committee recommends. The Senate committee on work and care released its interim report on Tuesday, which included...[Read More]
Farmers ‘big winners’ in UK trade deal
21 September
Australia’s agricultural sector would be the big winner in a new free trade deal with the UK, the chief negotiator says. The Department of Foreign Affairs and Trade’s Elisabeth Bowes has told a parliamentary inquiry ratifying the agreement would...[Read More]
The importance of Single-Touch Payroll
15 September
Do you know what single-touch payroll (STP) is? Most likely, you’ve encountered the term, especially if you own a small business in Australia where STP is mandatory. This requirement applies even to companies employing just a single staff member...[Read More]