In the March 2024 quarter, Australian wage growth eased slightly to 4.1%, down from 4.2% in the December 2023 quarter, according to the Australian Bureau of Statistics. At the time, this minor dip signalled a potential turning point in the wage growth cycle. The...
Small business owners across Australia received welcome news in the most recent Federal Budget: the instant asset write-off scheme has been extended until 30 June 2025. With just over two weeks left until the deadline, now is the time to take action if you haven’t...
As we approach the end of the 2024-25 financial year, economic data from the Australian Bureau of Statistics offers a mixed picture for Australian businesses. On one hand, inflation is cooling. On the other hand, finding skilled staff remains a significant challenge....
The 2024–25 Federal Budget has offered further support for small businesses grappling with rising energy costs. From 1 July 2025, eligible businesses will receive a $325 electricity rebate, delivered in quarterly instalments throughout the financial year. To qualify,...
Business insolvencies have surged to their highest level in nine years, according to credit bureau Equifax. In the March 2024 quarter alone, insolvencies were up 41.1% compared to the same time in 2023, marking a level not seen since 2015. While this trend is a...
