Cashflow
The Commonwealth Bank of Australia has increased interest rates its range of home loan products by 0.45 percent, almost double the official interest rate rise from the Reserve Bank of Australia yesterday.
James Packer and Lachlan Murdoch have both been offered directors positions on the Ten Network Holdings board after James Packer’s Consolidated Press Holdings (CPH) increased its investment in the television network to 18 percent.
Krispy Kreme Doughnuts has entered voluntary administration, with the Australian arm of the American doughnut giant placed into the hands of Sydney accounting firm Smith Hancock.
Sage Software Australia has launched Sage My Business, a cloud-based, hosted accounting package designed for small-to-medium-sized businesses.
Small to medium sized businesses (SMEs) are urged to strengthen their cash flow position now to lessen the risk of liquidity or financial distress, especially after the Australian Tax Office (ATO) is taking a tougher approach to collect outstanding tax debt.
Cashflow difficulties only go away if you address them, and there are some simple, proven steps to do that.
National Australia Bank has emerged from the global financial crisis in better shape than ever, posting a net profit of $4.22 billion for the 2010, up a massive 63.2 percent on the previous year.
Commonwealth Bank of Australia (CBA) chairman David Turner has applauded Australia’s banking regulation during the Global Financial Crisis for helping elevate CBA to the top 15 banks in the world by market capitalisation.
If you’re a small business owner who’s trying to find money to pay for new business equipment and assets, then you’re probably doing it tough right now.
Small businesses should be increasing their prices now to avoid margin squeeze or risk seeing their profit margins further eroded, according to leading micro and small business expert, Dr Greg Chapman.
Woolworths sales for the September quarter are 4.1 percent higher on the corresponding quarter last year, with gross sales of $13.9 billion during the reporting period.
The 2010 Abacus Industry Award winners were announced in an awards ceremony at the Abacus 2010 Convention in Adelaide this morning.
Mortgage Choice has purchased home loan website HelpMeChoose.com.au, the mortgage broker’s second acquisition in a year after buying home loan aggregator LoanKit 11 months ago.
Registered tax agents and BAS agents will be forced to hold professional indemnity insurance from 1 July 2011 under a draft proposal from The Tax Practitioners Board (TPB) released today.
Australian businesses are taking longer to pay their bills, with business-to-business payment terms worsening in the September quarter compared to this time last year.
The Aussie dollar has failed to reach parity with the US dollar after coming as close as US 99.94 cents yesterday as profit takers moved into the market ahead of the release of US economic data tonight Australian time.
Ms Pippa Sampson, principal lawyer of Goddard Elliott, has been restrained from sending debt collection notices by the Federal Court in Melbourne after the ACCC alleged the debt collection notices were misleading and deceptive.
Bunnings Warehouse and Dymocks retail outlets have both committed to rolling out PayPass contactless payments terminals across all their stores, partnering with Commonwealth Bank to roll out the service.
A record number of Australians are packing their lunches, canceling holidays, and buying in bulk, as the impact of earlier interest rate rises continues to hamper spending.
Veda Advantage’s Business Credit Demand Index, released today, indicates many small-to-medium sized businesses (SMEs) remain reluctant to take on credit throughout 2010, with demand falling 5.7 percent in the July to September period over the same quarter in 2009.
