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Business news and views from Accountancy Group

Is the RBA to blame? The economic state of play

The politicians have weighed in on the Reserve Bank of Australia’s economic policy and their reticence to reduce interest rates in the face of community pressure. We look at what the numbers are really showing.

Treasurer Jim Chalmers has stated that global uncertainty and rate rises are “smashing the economy”.

Former Treasurer […]

By |17 September, 2024|Finances|Comments Off on Is the RBA to blame? The economic state of play

The key influences of 2024

Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key issues and influences.

Inflation and labour supply

RBA Governor Michelle Bullock stated,“Inflation is past its peak and heading in the right direction, but it is likely to […]

By |15 December, 2023|Finances|Comments Off on The key influences of 2024

Succession: What does it take to and your business to the next generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners.

When it comes to generational succession of a family business, there are a few important […]

By |24 August, 2023|Finances|Comments Off on Succession: What does it take to and your business to the next generation?

Important: 1 July 2023 wage increases

For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission backs it up with fines of $9,390per breach for a corporation. In 2021-22 alone, the Fair Work Ombudsman recovered $532 million in unpaid wages […]

By |15 August, 2023|Finances|Comments Off on Important: 1 July 2023 wage increases

Question of the month: Company loan to pay down the mortgage

A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal mortgage, then transferring the cash back by 30 June. Is this an acceptable strategy?

This might initially sound like a brilliant strategy but what is really happening is that you are […]

By |10 May, 2023|Finances|Comments Off on Question of the month: Company loan to pay down the mortgage

How high will interest rates go?

The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we’re going through a process now of steadily increasing interest rates, and there’s more of that to come. We’ve […]

By |10 August, 2022|Finances|Comments Off on How high will interest rates go?
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