Economy
6.8 per cent of Australians (1.3 million) have shown intention to buy or build property in the next year, amounting to a forecast of approximately half a million homes to change owners or to be built.
There were certainly plenty of announcements for small businesses across Australia to think about in this budget. Let’s take a walk through the major announcements…
The last fortnight has seen a 5.4 per cent cumulative rise, with the Government’s Budget and the RBA rate cut seen in May being cited as key factors behind the boost.
Women are starting small businesses at twice the rate of men, from the highest levels of the private sector to showing great strength and courage by starting up home-based businesses.
The latest Small Business Survey from the Australian Chamber of Commerce and Industry revealed a continuing trend of poor confidence prior to the release of the Government’s Budget last week.
91,637 took to the ACCC with complaints of scams in 2014, resulting in an accumulated loss of $81,832,793.
As a small business owner, you need to be clear what this means, where you can save money and what new legislation you are able to take advantage of. Here’s what you should note…
The Abbott Government has unveiled the 2015-16 Budget, unveiling a $5.5 billion package driven by tax breaks aiming to support the nation’s 2 million-plus small businesses.
Consumer confidence has strengthened following the Reserve Bank of Australia’s decision to cut the cash rate to a record low of 2.0 per cent.
The Abbott Government is to provide telecommunication companies and internet service providers with $131 million in order to help cover the cost of storing customer metadata over the next two years.
Australia’s small businesses are said to be receiving a tax cut in tonight’s budget, part of a portfolio that Small Business Minister Bruce Billson described as “delicious” and “delightful”.
The findings highlight relatively unchanged conditions of subdued confidence, which the NAB says points to a lack of movement towards “a sustained economic recovery developing”.
The second quarterly report on the Australian petroleum industry by the ACCC revealed the nation’s petrol prices hit their lowest point in real terms in over fifteen years, hitting 103 cents per litre in early February 2015.
Unions are calling for the Abbott Government to make employment the focus of next week’s Federal Budget, as new ABS figures reveal an increase in unemployment.
Business confidence is at its lowest level in almost four years, according to the latest Roy Morgan Research Business Confidence results.
Retail turnover saw another small rise in March, up 0.3 per cent following a 0.7 per cent climb in February 2015.
Business customers are less satisfied with their banks than personal customers, the latest Roy Morgan Business Single Source survey revealing a further drop in the satisfaction level during the month of March.
The Reserve Bank of Australia has today cut the cash rate by 25 basis points to 2.0 per cent, a record low that comes one week away from this year’s delivery of the Federal Budget.
The use of counterfeit money in Australia may not be too prevalent, but the potential costs can nevertheless affect both business and the general public.
General business conditions were down for third quarter in a row, while businesses’ outlooks for their own conditions dropped for the fifth consecutive quarter.
