Finance News

Now that the ink has dried on last week’s Australian Federal Budget, which was largely focused on alleviating cost-of-living pressures across the nation, we can evaluate what this means for businesses. Here is a summary of the key the Federal Budget announcements impacting business owners. Australian Federal Budget Summary for Business Owners: Small Business Instant Asset Write Off: $20,000 threshold for 2023–2024 Temporary Full Expensing will end on 30 June 2023. From 1 July 2023 to 30 June 2024, the Government will temporarily increase the instant asset write-off threshold to $20,000 for small businesses with an aggregated turnover of less...

Environmental, social, and governance (ESG) factors have become an increasingly important consideration for investors and regulators as awareness of climate change and other sustainability issues grows. ESG factors are are non-financial factors that investors and lenders use to identify material risks and growth opportunities and include the following, and are core to an organisation’s strategy and operations. However, with the rise of ESG, there comes an increased focus on greenwashing. In Australia, the ACCC and ASIC are working together to address greenwashing or misrepresenting a company’s environmental credentials. What is greenwashing? Greenwashing is the act of making false or misleading...

Strong Despite Challenges and Opportunities for Growth in Emerging Industries

In uncertain times, businesses have learnt to be more agile and opportunistic to survive and thrive. One way to do this is through mergers and acquisitions. By pursuing underperforming competitors or businesses with complementary capabilities, you can quickly build market share and improve your business’s bottom line. In this blog post, we will discuss some of the things you should consider when it comes to mergers and acquisitions – and where to find opportunities. Mergers and acquisitions A study by KPMG found that mergers and acquisitions were the most common form of growth for global businesses in 2021, with 2022...