Businesses must adapt to the decline of the cash-based economy with more customers increasingly preferring electronic transactions to simple cash payments. Similarly, cheque payments are also on a quick decline with their use dropping 13.3 per cent in 2013 as compared to 12.5 per cent in 2012. This represents a drop of 224 million cheques […]
Wine producers will be instructed on tax compliance amid an ATO crackdown on rorters exploiting a tax loophole to claim rebates of up to $500,000. The Winemakers Federation of Australia and wine law firm Finlaysons will be travelling to wine making regions around the country to inform wine makers on how to avoid making the […]
New figures show the business community is struggling and remains reluctant to hire staff following the May federal budget. The Australian Chamber of Commerce and Industry’s most recent Business Expectations survey found that key indicators — namely those measuring sales, profits, investment and employment — were grounded in negative territory. The general business conditions index […]
The Fair Work Ombudsman will launch an investigation into wages and conditions for overseas workers employed on 417 working holiday visas. The agency is expecting to receive an increase in calls for assistance from overseas workers in coming years. Reliance on overseas workers will climb and is expected to increase from 2.5 to 3.5 million […]
The man in charge of the government’s financial system inquiry, David Murray, has warned that accommodating technological advancements that lift productivity and drive competition will prove a key future challenge. New innovation, particularly in the payments system, is disrupting the banking sector with emerging payment providers like PayPal and Google now competing with traditional institutions. […]
A change in accounting standards means not-for-profit bodies like schools, churches and charities may unwittingly be in breach of the Corporations Act. The new standard takes effect from the end of the year. It requires not-for-profit entities that control funds in subsidiary bodies to produce a consolidated financial report. In its financial reporting, this means […]
The rate of business failures has more then doubled over the last 15 years according to the Jones Partners Insolvency report.
It’s a concept that Ryan Trainor hopes will disrupt the education sector and provide budding entrepreneurs with the skills to succeed in business.
Small Business Minister Bruce Billson hopes the latest initiative in the start up sector will usher in an entrepreneurship “renaissance” and encourage more Australians to go into business for themselves.
A new plan requiring jobseekers to apply for 40 positions a month has been condemned for needlessly increasing red tape obligations on small business owners.
