Home / Posts tagged "business"

business

AI Productivity Tools Come with Strings

Posted on by Laze Spasevski
Mortgage Stress Dropped – Building a Buffer Still Matter
More businesses use AI tools to boost productivity, but they come with strings. These AI tools can expose sensitive data if used without controls. The Australian Cyber Security Centre (ACSC) has warned that cloud-based AI systems introduce specific cyber security risks for small businesses, particularly when sensitive data is uploaded without safeguards. The biggest exposure points ...
Read More

How SMEs are Upgrading Without Cash Strain

Posted on by Laze Spasevski
How SMEs are Upgrading Without Cash Strain
Despite the soft economy, many SMEs are upgrading vehicles, machinery and technology – but doing it in a way without cash strain. The Australian Bureau of Statistics reports that loans for plant and equipment were 9.4% higher in the September quarter than the year before and 36.9% above the 10-year average. That’s not a business sector pulling back – that’s a sector investing, carefully ...
Read More

New Payday Superannuation Bill 2025

Posted on by Laze Spasevski
Payday super law to start from 2026
From 1 July 2026, employers will be required to pay super at the same time as wages, under the new Payday Superannuation Bill 2025. The reform is designed to help workers grow their retirement savings by ensuring super is paid more regularly. But for small businesses, especially those that pay staff weekly, it will mean new processes. Tighter cash-flow management and potential system upgrad...
Read More

Businesses Facing Mixed Conditions

Posted on by Laze Spasevski
Businesses Facing Mixed Conditions
Businesses are facing mixed conditions, with the labour market remaining tight but with household spending rising in real terms, according to the latest data from the Australian Bureau of Statistics. The unemployment rate in April was 4.1%, which was unchanged from both the month before and year before. Despite the weak economy, there is little slack in the labour market, which means employ...
Read More

Job Vacancies Declined by 30.7%

Posted on by Laze Spasevski
Job Vacancies Down 30.7% From Peak
Job vacancies have declined by 30.7%. This marks a decrease in 10 out of the last 11 quarters, according to the Australian Bureau of Statistics (ABS). Vacancies peaked at a record 474,700 in May 2022, but have since fallen to 328,900 in February 2025, a reduction of 30.7%. “However, despite the falls in job vacancies over the last two and a half years, the total number of vacancies was s...
Read More

Young Australians Struggling to Find Jobs

Posted on by Laze Spasevski
Finding a job "increasingly complex" for young workers
Young Australians, aged 15-24 years, are struggling to find jobs. Their struggle is primarily due to a combination of factors, including a lack of skills, qualifications, and experience, which places them at a disadvantage in the competitive job market. As a result, the youth unemployment rate is consistently about five percentage points higher than the national average. According to Jobs &...
Read More

How Inflation is Affecting the Economy

Posted on by Laze Spasevski
Prices soaring for some items, declining for others
The national inflation rate in January was a moderate 2.5% but prices are changing at different rates and are affecting different parts of the economy, according to the Australian Bureau of Statistics. On the high side, prices increased by 6.5% year-on-year for education, 6.4% for alcohol & tobacco and 5.3% for insurance & financial services. On the low side, prices rose only 0.9...
Read More

Government Aims to Protect Small Businesses

Posted on by Laze Spasevski
New protections aim to level the playing field between big & small companies
The federal government aims to protect small businesses from unfair trading practices imposed on them by larger companies. The government said, "Treasury will consult this year on the design of protections for businesses, including whether a principles-based prohibition should apply and whether specific unfair trading practices should target small businesses." Unfair practices may includ...
Read More

ATO Warned Businesses With Tax Debts

Posted on by Laze Spasevski
The Australian Taxation Office ATO has warned businesses with tax debts. The Government’s principal revenue collection agency revealed that it has issued Notices of Intent to disclose business tax debts. At least 9,000 businesses are at risk of having their business debts sent to the credit reporting agencies for the month of October. ATO warned the businesses: That we are behind on th...
Read More

Commercial Sales Set To Rebound

Posted on by Laze Spasevski
  Commercial sales are set to rebound as transaction activity in the Australian commercial property market appears to be trending up. However, sales activity in 2023 will almost certainly be well down on last year's results. There were $29.2 billion of sales in the office, logistics & industrial, and retail sectors during 2022, according to JLL. Which is considerably higher comp...
Read More
Top