AI, or artificial intelligence, involves using computers and machines to help mimic the problem-solving and decision-making capabilities of the human mind. As of May 2023, around 68% of Australian businesses had already implemented AI technologies, with an additional 23% planning to do so within the next year.

Dwelling price growth was up by a bit over 9 per cent in the year to June 2024. Apart from the COVID spike, growth in the first half of 2024 was at its fastest pace since 2010. Typically, this kind of growth occurs during rate cut cycles.

For small and medium-sized enterprises (SMEs) in Australia, staying on top of your tax obligations is essential. The Australian Taxation Office (ATO) is stepping up its efforts to ensure Australian businesses are meeting their tax obligations, targeting those suspected of not fully meeting their tax duties.

With Baby Boomers extending their careers and Generation Z entering the workplace, the workforce now comprises five generations for the first time in history. Small and medium-sized businesses are finding themselves managing teams that span generations.

Preparing your business tax return as a small business owner may feel daunting and complex, but it doesn’t have to be! By properly using your business tax return to reduce your tax burden, you may have more to reinvest in your business, fuelling future growth.
Here are our top tips to help you optimise your financial returns during tax time.

If you run a small business in Australia, tapping into available grants may help give you a financial boost and create new growth possibilities. With options ranging from federal to state and even industry-specific grants, there may be a grant you’re eligible for.

Ongoing inflation data has increased the chances of a move in August.
Whether the RBA does move will depend crucially upon the Q2 CPI data.
At a minimum, the higher inflation numbers are increasing the chances that the first-rate reduction will be later in 2025.
The growth in actual hours worked has been notably slower than for usual working hours.
·This largely reflects ongoing high levels of annual and sick leave that has been taken post-COVID.

Being able to manage your business’s cash flow is essential given its role in helping you pay your staff and your bills on time.

This year’s auction market is not only busy but also breaking previous records, with new listings in February up 16.6% compared to February 2023.