Debt can be a significant burden on one’s financial life. It can cause stress, anxiety, and make it difficult to achieve financial goals. However, with a little planning and dedication, anyone can create a debt repayment system and get on the path to financial freedom. Here are some tips for managing debt and creating a […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Another 1.3 billion consumers will shop online by 2027 Online retailers should be gearing up for the addition of a further 1.3 billion consumers worldwide joining the ranks of online shoppers by 2027, says […]
Starting a small business is both exciting and daunting. While the entrepreneurial spirit may drive you to take the leap of faith, the reality is that you may be entering a market that has already attracted some large competitors. It can be intimidating to think about competing against larger, more established competitors, but it’s not […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why Aussies are ditching cash New data by Reserve Bank of Australia has revealed that the number of Australians paying by cash has more than halved since 2019. Of the people who held cash […]
Succession planning in family businesses can be a complex and emotional process. The top five challenges include communication, fairness, identifying the right successor, preparing the next generation, and letting go of control. These challenges require careful consideration and planning to ensure a smooth transition and the continued success of the business. […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Tradies say raising pension age “unfair” after a life of hard work takes its toll Hardworking Aussies fear a decision to lift the pension age to 67 means they will be forced to work […]
Cybersecurity Best Practices for Small and Medium-Sized Businesses In our digital age, cybersecurity is a crucial aspect of running any business. Cybersecurity breaches could lead to not only data theft but also reputational and financial loss. Hence, it’s imperative to establish robust cybersecurity measures to protect your business and customers’ sensitive information. Here are some […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. One of biggest defence deals in Australia’s history inked in Berlin Australia will export more than 100 Brisbane-made Boxer heavy weapon carrier vehicles to Germany starting in 2025 under a $1 billion deal. The military […]
Crafting the ideal successor for your business When you’re busy running and growing your business, it’s generally not a priority to think about who will take over when you can’t or don’t want to be so involved. Transitioning leadership can be a challenging task. It demands an insightful and systematic approach to ensure that the […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Electricity prices rising In May, the Australian Energy Regulator (AER) confirmed that energy prices would rise by 19.6 per cent and 23.9 per cent in NSW, SA and southeast Queensland. Electricity prices are set […]
You can’t get through the news these days without hearing about inflation and how rapidly it’s increasing. Rates were generally low for quite some time and we all got used to it. Suddenly, however, everyone is getting squeezed by inflationary pressure. But what exactly is inflation, and how does it affect the money you have […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Small business skills and training boost Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction for external training courses delivered to employees by […]
Retirement is a significant milestone that brings with it the need for careful planning and financial security. A well-planned retirement ensures that you can maintain your desired lifestyle without worrying about running out of money. One of the key components of successful retirement planning is seeking good financial advice. Obtaining professional financial guidance can contribute […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Almost 950,000 Aussies working two jobs to combat cost of living crisis According to the Australian Bureau of Statistics, almost 950,000 Australians are working multiple jobs. Australians are jumping onto that side hussle to […]
As a small business owner, you know that managing your finances is crucial to the success of your business. But with so many accounting principles and practices out there, it can be challenging to know where to start. That’s where we come in! In this guide, we’ll break down the essential accounting principles that every […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Suncorp forced to pay back $32 million to underpaid employees Suncorp’s insurance arm paid $32m to over 15,800 underpaid staff for not paying them the minimum wage. Read More Australian inflation is stubbornly high. […]
Unfortunately, fraudsters are out there. They want your money, your identity, or both, and they’re getting more sophisticated all the time. There’s a wealth of opportunity for swindlers to take advantage of people because so much of what we do is now online. There are ways for you to protect yourself, both by taking action […]
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For small business owners and payroll managers, staying up-to-date on the latest superannuation changes is essential. And, with the Australian Superannuation Guarantee (SG) set to increase from 10.5% to 11% from 1st July 2023, it’s important to understand what this means and how it could affect your business. As an employer, this increase, and subsequent […]
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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Be ready – recession or not Businesses should be prepared for a recession, even if one is not imminent. Planning ahead and having a strategy in place can help businesses survive and even thrive […]
Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. ‘Most significant’ scam targeting Aussies Scammers have taken advantage of the secondhand sale market by using a PayID scam to steal over $260,000. The scam involves the scammers creating fake PayID accounts and using them […]