Economy

Roy Morgan Research’s Business Confidence February results have revealed a decline, despite the RBA’s move to lower the cash rate to 2.25 per cent.

Despite a rise in total employment, which rose to 11,145,000 in the year to February, Roy Morgan’s latest employment estimates reveal a decrease in Australia’s overall workforce.

The ATO has today announced the extension of information sharing powers for Phoenix and Trust Taskforces, aiming to tackle Australia’s phoenix businesses and misused trust structures.

The January rise follows a climb in December, culminating in the fastest retail turnover rise in three months and the eighth consecutive month to experience a rise in retail spending.

Satisfaction levels increased by 0.3 per cent from December 2014 to January 2015, hitting a 19-year high of 82.9 per cent. This marks a 1.3 per cent increase over the last 12 months.

The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 2.25 per cent, while suggesting “further easing of policy” may be needed in the coming months.

Minister for Small Business Bruce Billson has introduced the Food and Grocery Code of Conduct, launched to safeguard commercial dealings between Australian retailers, wholesalers and suppliers.

The slight rise during the December quarter brings the year on year growth to 2.5 per cent, the lowest since the Government records on wages began in 1997.

SMEs struggling to obtain finance are the biggest victims of the Government’s restrictions, the ACCI explains in their submission to the Productivity Commission’s Inquiry Into Business Set-up, Transfer and Closure.

New research reveals the average SME spends over two full working weeks (84.1 hours) every year in gathering tax on behalf of the Australian Government.

Pressures on the Australian economy over the coming years will challenge our aim to remain competitive globally. Here’s why we need more women entrepreneurs to help sustain and fuel our growth…

There has been a slight increase in consumer spending across the month of January, according to the Commonwealth Bank’s latest Business Sales Indicator (BSI).

The ACCC is highlighting cartel conduct in government procurement, truth in advertising, competition and consumer issues in the health sector and industry codes as some of its compliance and enforcement priorities in 2015.

Tax cuts, higher household incomes and a boost to Australia’s economy will all be the result of a reform to the GST, according to a new report released by CPA Australia.

Are small businesses guilty of paying other small businesses late? Are the people whinging also the source of the problem? Could it be that we are hypocrites?

The latest Small Business Survey by the Australian Chamber of Commerce and Industry (ACCI) has revealed the nation’s small businesses are expecting a difficult year ahead.

Australia’s unemployment level has jumped to its highest point in twelve years, climbing another 0.3 per cent from December’s employment rate.

The horrendous market performance from oil, Russia’s rouble and bitcoin ensured that they breezed to the dubious position amongst the year’s worst investments.

The report, titled Economic Policy Reforms 2015: Going for Growth, said Australia would see a rise in productivity performance if taxation in the corporate sector was lowered.

Tony Abbott is still Australia’s Prime Minister, avoiding a leadership spill this morning thanks to Liberal MPs denying an attempt to push him out by 61 votes to 39.