Cashflow

The Australian dollar has hit US99.37c this morning as concerns the United States Federal Reserve will reflate the currency as soon as November continue to weaken the US dollar.

The National Institute of Accountants (NIA) is calling on the Government to explain its critical comments regarding Self Managed Superannuation Funds (SMSFs) being used as a ‘tax minimisation’ vehicles.

Telstra will give customers online self-service options for bills and payments, rather than require over the phone or in person payments as the telco moves to improve its public image.

Tony Abbott’s Coalition through Bruce Billson, Shadow Minister for Small Business, Competition Policy and Consumer Affairs will introduce legislation to cut red tape and compliance burden for small business under Labor Government’s paid parental leave scheme.

Everyone is talking up whether our dollar will reach parity with the US. In my opinion, the Australian dollar will not only reach parity but move to between $1.10 and $1.20 over the next 6 to 12 months.

Freelancer.com has launched its successful online freelance outsourcing site in Australia, bringing over 1.8 million professional freelancers from around the world to the fingertips of Australian businesses.

The Australian dollar has broken US98c, trading at US$0.9845 after the Australian Bureau of Statistics revealed strong employment numbers for the month of September this morning.

Securency, the Reserve Bank of Australia subsidiary that sells Australia’s polymer note currency system to the world has seen the RBA raided as part of an international investegation into alleged corruption and bribery involving Securency.

The Australian dollar is set to break US98c after trading as high as US$0.9792 this morning on the back of concerns the United States Federal Reserve will reflate the currency.

South Australia’s Top 100 SA Companies Index has been released, showing aggregate revenue of $21.03 billion dollars this year for the state’s top 100 companies, versus $20.62b in 2009 and $22.6b in 2008.

Direct Factory Outlet founders David Wieland and David Goldberger are demanding an inquiry into ACCC chairman Graeme Samuel, The Australian reports.

An alcohol filled lunch is still seen as the best way to seal a business dea, according to more than a quarter of respondents in an online survey by Corporate Traveller.

Interest rates in Australia remain unchanged by the Reserve Bank of Australia at 4.5 percent after earlier expectations that the RBA would increase official interest rates 25 basis points to 4.75 percent.

Australian businesses expect a strong December quarter, with Christmas trading to bring the growth many businesses have been waiting for, according to the latest Dun and Bradstreet Business Expectations Survey.

Australia’s services sector is contracting at an ever increasing pace as the Reserve Bank of Australia uses a blunt tool, interest rates, to slow down inflation from Australia’s rampaging resource sector.

Australian interest rates are set to increase again by 25 basis points when the Reserve Bank of Australia board meets today, taking official interest rates to 4.75 percent.

National Australia Bank (NAB) is now one of Australia’s largest carbon neutral companies after implementing a program of energy efficiency that began in 2007 in conjunction with carbon offsets from accredited providers.

For most business owners, switching accountants is a painful thought. It is definitely one action which is not taken on a whim.

Greater Building Society has launched an iPhone app that will allow customers to locate ATMs, branches and access to internet banking.

DFO’s Austexx is set to sell four of its nine DFO shopping malls to CFS Retail Property Trust as CFS seeks to raise $500 million in capital to complete the transaction, according to reports from people close to the matter in Bloomberg.