Economy
Retail sales are up by 4.7% over the year to June 2015 according to the latest edition of the Deloitte Access Economics’ Retail Forecasts subscriber report. House prices reaching new highs in Sydney and Melbourne this winter has been tipped as the main reason for stronger retail spending growth. The continued boom in household goods […]
The Australian Chamber of Commerce and Industry has said the Labor Party needs to declare its support for the China-Australia Free Trade Agreement (ChAFTA) in order to deliver certainty to Australian exporters seeking to use the improved trade arrangements to create jobs at home. Kate Carnell AO, CEO of the Australian Chamber, said the parliamentary […]
After declining or remaining stable for 9 months, Australia’s construction industry expanded during the month of August. The Australian Performance of Construction Index (Australian PCI) increased by 6.7 points to 53.8. Readings above 50 indicate an expansion in activity. The expansion has been driven by improvements in the new orders and activity sub-indexes, as well […]
The Reserve Bank of Australia has left the cash rate unchanged at 2 per cent for September. This will be the fourth consecutive month the rate has remained unchanged. RBA Governor, Glen Stevens said “the economy is likely to be operating with a degree of spare capacity for some time yet, with domestic inflationary pressures […]
Three months after the 2015 Budget announced a $20,000 tax break to small businesses, Tim Reed, CEO of MYOB, provider of business management solutions, shares his professional view with Dynamic Business on the effect these budget measures can have on the Australian small business community. Commenting on the $20,000 tax break, Mr Reed said “small […]
In a movement to help drive Australia’s innovation agenda, the NSW Business Chamber has established the Industry Research Collaboration Advisory Alliance. The NSW Business Chamber Chief Executive, Stephen Cartwright, said that a number of representatives across the innovation ecosystem have been brought together to develop practical steps to make industry research collaboration and easier and […]
Access to finance continues to challenge the growth of Australia’s internationally-active businesses according a new survey commissioned by the Export Council of Australia and supported by Efic, the Australian Government’s export finance agency. The new Australian International Business Survey (AIBS) 2015 is one of the largest and most in-depth surveys of Australian exporters involving over […]
No one drives their car staring at the dashboard. Sure, it provides excellent information on speed, fuel consumption and even find out if the engine is running properly. If the driver doesn’t look out the windshield however, a crash is guaranteed to take place very soon. Data discovery is very much the same. Internal data […]
The government has released a consultation paper on extending crowd-sourced equity funding (CSEF) to small proprietary companies. The consultation is part of the $5.5 billion Growing Jobs and Small Business package outlined in the 2015-16 Budget. The paper sets out the Government’s intended approach to a CSEF framework for public companies and seeks views on […]
Four female social entrepreneurs will pitch their ideas at the Pitch for Good event in Melbourne on the 23rd July for the chance to win $3000 in support of their campaign. Councillor Kevin Louey, Chair of Council’s Economic Development portfolio said “a social enterprise is a business that uses the power of the market place […]
Grants of up to $5,000 are being made available to home-based entrepreneurs in Queensland thanks to a commitment put forward in the Government’s Queensland budget.
A new wave of Federal Government funding is set to provide entrepreneurs and small businesses in Central Queensland with more advice and support.
Real estate is a very competitive field, and beginners need to have a thorough understanding of what they are getting themselves into in order to make smart investments.
The tax write-offs introduced in the Budget was cited a key factor in business confidence holding its level, yet the economic difficulties seen overseas and poor employment numbers continue to hold it down.
45,743 complaints regarding scams have been received this year and an overall loss of $45,902,666 has been registered.
An individual earns income, pays income tax and then pays expenses with what’s left. A business basically pays for expenses with pre-tax dollars whereas an individual pays expenses with post-tax dollars.
Only 35.4 per cent of Australians sought the advice of a professional, such as an accountant or financial planner, when deciding to change superannuation providers.
Most of the upswing in consumer confidence that came as a result of the Government’s Budget has been reversed this week, according to the latest ANZ-Roy Morgan Consumer Confidence findings.
As easy as it might be now to juggle a full-time job and work as a freelance writer in your spare time, you may not have considered the tax implications – a mistake that can leave you out of pocket for several thousands of dollars when your tax bill comes in.
The minimum wage in Australia has now risen by $16 per week, a result of the annual wage review decision that came into effect yesterday.
