by Keeli Cambourne | Feb 15, 2023 | News
The instruction comes after the Commonwealth Bank recorded a half-year cash profit of $5.15 billion, up 9 per cent, after profiting from a series of rapid-fire interest rate rises that have inflated its profit margins. The federal government directed the ACCC to...
by Phil King, Accountants Daily | Feb 15, 2023 | News
The agency said trade receivables, which measured the average value of invoices, had been sliding since July last year and the 39 per cent drop in January compounded the usual seasonal fall. In a raft of bad data, the January Business Risk Index also showed...
by Small Business newsroom, ATO | Feb 15, 2023 | Blog
At the ATO we’re moving towards digital options for tax, super and employer systems and obligations. Here are some steps you could take now to start on your digital journey in 2023. One: Register for our online services ATO Online services allow you to access a range...
by Keeli Cambourne | Feb 14, 2023 | News
“The life of a small business and its owner is not like that of a corporate business. The two are intertwined,” Bruce Billson said. “And this becomes quite challenging [with rate rises] and explains why the forecast of small business loan defaults didn’t materialise...
by Keeli Cambourne | Feb 14, 2023 | News
In January, Hallbury Homes became the first major construction company in Australia to fold, highlighting pressures in Australia’s construction industry, following crises at major firms ProBuild and Metricon. Hallbury Homes filed for bankruptcy on 4 January owing...
