Economy

The industrial umpire is officially investigating how businesses can maximise the productivity benefits of the enterprise bargaining process.

More than 90,000 Australians were ripped off for nearly $90 million in fraud scams in 2013.

The incidence of “female breadwinner” households is slowly rising with women out-earning their male partners in nearly a quarter of long-term relationships.

A new system will soon remove the complexities for business owners when they make employee superannuation contributions.

The number of small businesses facing insolvency has declined according to figures produced by the Australian Securities and Investment Commission.

Businesses must adapt to the new wave of so-called “digital disruption” sweeping the economic landscape or risk extinction. This is the dire warning from senior Reserve Bank of Australia official, Sarv Girn, who warns that ignoring the pace of technological change is a sure pathway to dwindling profits and declining market share. Mr Girn, the […]

Tradies may have been slow to adapt to the digital revolution, but a new breed are breaking the mold, engaging with social media and utilising cloud services as they compete to market themselves online.

It’s that time of year again when small business owners are preparing their tax returns and going over their paperwork with a fine tooth comb. To help you with your EOFY preparations, Dynamic Business, spoke with Tax Counsel at the Tax Institute, Stephanie Caredes and Senior Tax Adviser at the Institute of Public Accountants, Tony […]

The Australian Taxation Office is increasingly concerned at the growth in crypto-currency Bitcoin. It will soon release a ruling on how the digital currency is to be treated for tax purposes. The decision may have significant consequences on the usage of the currency in Australia. The ATO was initially unconcerned by the emergence of the […]

The Commonwealth Bank has urged small to medium sized businesses to better prepare for the end of the financial year and begin their tax preparations. Figures released by the bank suggest that nearly one third of SMEs (29 per cent) have not even started the groundwork to fulfill their tax obligations. The research suggests that […]

The industrial umpire has increased the minimum wage 3 per cent, lifting it from $622.20 a week to $640.90 as of July 1.    The ruling by the Fair Work Commission will directly affect over 1.5 million employees currently on modern awards and the national minimum wage. Fair Work Commission President, Justice Iain Ross, delivered […]

Tax compliance is costing Australia’s 1.7 million small and medium sized businesses about $18.4bn a year, according to new research. The figures produced by the Institute of Chartered Accountants Australia show the average gross tax compliance cost for small to medium sized Australian businesses is running at $11,000 per firm each year. The Institute’s Head […]

Australia has placed second among 30 countries as one of the best places for female entrepreneurship.

A new report on the development of digital technologies has provided a glimpse of the future of work in 2025 and set-out the scale of the adaption challenge successful businesses will face.

The Australian Chamber of Commerce and Industry has hit back at claims that migrant labour is responsible for a marked decline in the number of apprentices.

The Australian National Retailers Association is lobbying the federal government to deliver unrestricted trading every day except Good Friday, Anzac Day and Christmas Day.

The competition watchdog is attempting to smash open an alleged egg cartel, claiming farmers in the $1.7bn industry were encouraged to manipulate profits by artificially decreasing supply.

Former Prime Minister John Howard has hailed the first Abbott budget as “right for the times” and urged Labor to support its tough savings measures.

Government Senate leader Eric Abetz says unemployed young Tasmanians should not be subsidised by working Australians and instead take up work as fruit pickers.

The government is seeking feedback from small businesses on new protections guarding them against “unfair contract terms” imposed by larger players.