Business Update – 29 June 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Lack of Chinese investment worrying A new report shows that Chinese investment in the Australian economy fell a staggering 69 per cent in the last financial year, reaching 2007 levels. The shift signals a change in the international financial landscape. ATO cracks down on family trust fraud, worrying tax…  Read more

Business Update – 22 June 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. What an American recession means for Australia What exactly does it mean for Australia if the United States is headed for a recession? Sky News breaks it down here. ASX continues to drop Most of Australia’s biggest companies continued to see major slides in the stock market last week,…  Read more

Business Update – 15 June 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Changes to aged care payment system Services Australia is updating the aged care payment system. Residential aged care services events won’t be able to be submitted between 14 to 22 July. Read the details here. Food tech company NotCo expanding into Australia The company produces plant-based milk, beef, and…  Read more

Business Update – 8 June 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ATO reminds Australians about changes this tax season The Australian Tax Office anticipates that many will continue to be impacted by COVID-19, and is offering support to get your taxes right the first time. A summary can be found here. Cash rate expected to rise this week The official…  Read more

Business Update – 1 June 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ASX carries momentum into a new week The local sharemarket started the week at a three-week high, coming off a rally from last week. Tech and payment firms were among the industries leading the charge. Bubs jumps 80% as deal struck to aid US Baby formula manufacturer Bubs Australia…  Read more

Business Update – 25 May 2022

Australia Weekly Digest – 25 May 2022 Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Antony Albanese becomes Australia’s PM First Labor PM in nearly a decade vows to bring Australians together, and “promote unity and optimism, not fear and division.” ASX sinks again after Wall Street “bloodbath” The stock market was down again last week, taking…  Read more

Business Update – 18 May 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Changes to company tax rates are in effect Companies, corporate earning trusts, and public trading trusts may be eligible for a reduced tax rate this season. Learn more about the changes and find out who qualifies here. STP Phase 2 requires more information when submitting payroll Single Touch Payroll…  Read more

Business Update – 11 May 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. GST fraud attempts circulating on social media lead to extra security measures Due to a significant number of GST refund fraud attempts, legitimate businesses may face extra steps to receive their refunds as extra security measures are put in place. Tighter controls around ABN and GST registration have been…  Read more

Business Update – 4 May 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More Australians turning away from home ownership A new study suggests that younger Australians are choosing to invest their money in stocks over buying a home. Around 43 percent said they would choose to invest their money instead of spending it, and 38 percent of those saying they would…  Read more

Business Update – 27 April 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Xero Report: Small Business Creation at Record Levels Landmark research from Xero has revealed new small business registrations in Australia are at unprecedented levels, growing 34% from 225,000 in 2019 to over 300,000 in 2021. Over the next 10 years, an estimated 3.5 million small businesses are expected to…  Read more

Business Update – 20 April 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Latest Changes in Travel Rules The requirement for people travelling to Australia from overseas to test negative for COVID-19 before arrival has been lifted. A ban on international cruise ships coming to the country and a rule preventing rapid antigen testing price gouging have also ended. You can find…  Read more

Business Update – 13 April 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Mask Mandate to be Dropped in South Australia South Australians will be spared from wearing masks in most public indoor spaces from Good Friday, but will still be required in high-risk settings such as hospitals, aged care or residential disability facilities, on public transport and in ride-sharing vehicles. Business…  Read more

Business Update – 6 April 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Central Bank Opens Its Door to Interest Rate Hike The central bank dropped its previous pledge to be “patient” on policy, signalling a step towards an eventual tightening. While the Reserve Bank of Australia (RBA) kept its cash rate at 0.1%, it noted inflation had picked up and was…  Read more

Business Update – 30 March 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Federal Budget 2022 Find out how the Federal Budget 2022 affects you. ABC News offers a summary of Treasurer Josh Frydenberg’s latest budget, indicating who’s getting a cash boost and who’s not. Bonus Tax Deductions for Small Businesses The Technology Investment Boost allows small businesses to claim 120% of…  Read more

Business Update – 16 March 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Entry Ban for Cruise Ships to Be Lifted After two years, the government announced that it would lift its entry ban for international cruise ships next month. This could potentially boost a tourism industry impacted by COVID-19 restrictions. New Zealand Opens Borders to Australians Fully vaccinated Australians will be…  Read more

Business Update – 9 March 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. COVID-19 Vaccine Claims Scheme The government is developing a claims scheme to provide a simple, streamlined process to compensate eligible people who suffer a moderate to significant impact following an adverse reaction to an approved COVID-19 vaccine without the need for complex legal proceedings. The scheme covers the costs…  Read more

Business Update – 2 March 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. WA Border Reopening After 697 days, Western Australia has finally reopened its borders. From 12: 01am Thursday, a long list of new restrictions is expected to stay in place for four weeks. Strong Economic Growth at the End of 2021 The economy has reported its equal-best quarter of growth…  Read more

Business Update – 23 February 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia Welcomes Back International Tourists After almost two years, vaccinated international tourists and business travelers began arriving in Australia with few restrictions. Prime Minister Scott Morrison said 1.2 million people had visas to enter Australia with 56 international flights due to touch down in the first 24 hours of…  Read more

Business Update – 16 February 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Booster Shots Now Required To Be Fully Vaccinated Australians will need to receive booster shots to be considered fully vaccinated against COVID-19, although authorities said foreign travellers will continue to need only two shots to enter the country. If you haven’t received a booster within six months of your…  Read more

Business Update – 9 February 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Borders to Reopen to International Travel The borders will be reopened to vaccinated tourists and other visa holders from 21 February. Unvaccinated travellers who have a medical reason for not getting inoculated will need to apply for a travel exemption and will be required to quarantine at a hotel.…  Read more

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