Business and Finance

Economic trends can have a significant influence on the success of a business. Whether you’re a startup, small enterprise, or large corporation, understanding the current economic trends is crucial in steering your ship in the right direction. Let’s delve deeper into the whirlwind of Australia’s economic landscape and decipher what it means for businesses like yours. Key Economic Trends Driving Change Resilient Recovery Australia’s economy has been on a recovery spree, bouncing back from the tumultuous times of the COVID-19 pandemic. With the easing of restrictions, many sectors saw a resurgence in activity which spelt good news for businesses across...

As the festive season approaches, the Australian Taxation Office (ATO) is raising the heat on small business debt. With the Christmas and New Year period notorious for cashflow strains across various industries, it’s crucial for businesses to ensure they’re not caught off guard. Why the ATO is Cracking Down? The ATO has set its sights on businesses that may be sidestepping their tax obligations, including unpaid taxes and super liabilities. A significant surge in unpaid GST debt and tax arrears has contributed to the doubling of collectable tax debt since 2017 to $50 billion, with over two-thirds of this debt...

The recent surge in bond yields has sent ripples through financial markets, signifying a pivotal shift after four decades of low-interest rates. This development has drawn attention to the implications it holds for businesses.  Let’s break down the basics of bond yields, why they matter, and how they can impact your business.   Understanding bond yields A bond yield is the return an investor can expect to earn from a bond, expressed as a percentage of the bond’s face value. It’s a key indicator of the profitability of bonds, and changes in yields can have significant implications for financial markets.  The...

As the business landscape emerges from the throes of the pandemic, the fragility of supply chains remains.    In today’s interconnected world, supply chains stretch across borders, encompassing suppliers, manufacturers, logistics providers, and customers worldwide. While this complexity offers numerous advantages, it also exposes organisations to a myriad of risks – from natural disasters and geopolitical tensions, to economic fluctuations and unexpected disruptions. It’s a timely reminder for Australian businesses to continually assess the potential risks of supply chain disruptions. In general, when compared to overseas counterparts, Australian supply chains are not only underprepared but underfunded. This leaves these critical networks...