Cashflow

With the ink dry on the government’s response to the Henry tax review, the Institute of Chartered Accountants in Australia is turning its temporary attention to next week’s Federal Budget.

Small businesses are concerned that the Government’s small business tax cuts announced on the weekend might be cut out before they are even enacted.

Buying a business is like having a baby, a new survey has found, with small business owners reporting it takes nine months on average to find a suitable business within their price range.

Australian women universally agree they are making financial sacrifices when choosing to enter motherhood, with almost half of women agreeing it isn’t worth it.

The Greater Building Society is urging people to to beyond the ‘big 4’ when looking for a home loan deal, with building societies being significantly cheaper after the RBA rate increase this week.

Tony Abbott has rejected Kevin Rudd’s plans for a Super Profit Tax on miners after meeting with mining executives in Canberra today.

News Corporation yearly profit forecast is heavily influenced by the success of the blockbuster movie Avatar, but the company is warning that fourth quarter results may be lower than last years.

The Reserve Bank of Australia (RBA) increased interest rates yesterday by 25 basis points percent to 4.5 percent as house prices in Western Australia’s Pilbara region continue to soar.

Following the Reserve Bank of Australia’s Board Meeting today, with a 25 basis point rise in official interest rates, National Australia Bank has confirmed a matching increase in rates on its home loans.

With the Reserve Bank increasing interest rates to 4.5 percent today, is this the last interest rate increase this year? Language in today’s official statement by Glenn Stevens suggests it might be.

The Reserve Bank of Australia has again moved to increase interest rates, taking the official cash rate to 4.5 percent as the Australian economy faces inflation fears as it continues to recover.

ANZ today launched a series of free online market-leading education courses and tools to help build the skills and knowledge of business owners in the start up phase.

Small business supplying the mining industry will be hit hardest by the Henry Tax Review with the Rudd Government’s ‘Super Profit Tax’, particularly sub-contractors to mines operating as sole traders.

The Greater Building Society has joined the rediATM network, aiming to become a viable alternative to the major banks with access to Australia’s second largest ATM network.

The lowest paid workers will lose out under the Henry Review superannuation changes, with employers forced to cut wages to pay the increased superannuation rate.

The Federal Government should bite the bullet on one of the key recommendations in the Henry Review and allow pre-filled income tax returns for most Australians, the Taxation Institute said today.

Small business is expected to cop a $26.6 billion increase in costs as a result of the Henry Tax Review due to increases in the compulsory superannuation rate.

The Henry Tax Review changes will address the ‘two speed economy’ with mining increasingly leaving behind small business and NSW and Victoria being met with an ‘unfair’ interest rate burden.

The Federal Government is being called on to provide a guarantee to Australia’s 1.9million business owners that their administrative burden will not increase as a result of the Henry Review.

The Federal Government’s policy prescriptions as a result of the Henry Tax Review show “No commitment to serious tax reform” concludes Tax Counsel for the Institute of Chartered Accountants, Yasser El-Ansary.