Retail sales in Australia, according to the Australian Bureau of Statistics (ABS), expanded only 2.2% last year. It’s a weakness expected to worsen this year should low-income growth continue to hurt household budgets, and housing prices drop further (although they’re standing up well in SA). Read More
Of 200 businesses recently surveyed 65% of the owners said they were worried about cash flow and a third of these had no idea of how much capital was invested in the business. Read More
Late payments are one of the biggest drivers of cash flow issues plaguing SMEs and a primary reason for insolvencies, according to Australian Small Business and Family Enterprise Ombudsman (ASMFEO) Kate Carnell. Read More
The Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 was again introduced into the Federal Parliament after it initial lapsed in May. Read More
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The ATO now has more timely, expansive and robust data on who is and who isn’t SG compliant and is instituting a letter campaign to remind non-compliers not only of their obligations but the penalties they face. Read More
