Annual house price growth slowed, but income growth hasn’t caught up.
A better balance between demand and supply is slowly taking place across Australia.
Some further moderation in house price growth is likely in 2025.
For family-owned and small Australian businesses, making the decision to sell can be both challenging and emotional. However, the right approach can help you navigate this process while balancing emotional ties and the need for business continuity.
In Australia, seasonal businesses such as those in tourism and agriculture may face unique financial challenges due to their reliance on peak periods. While profits can soar during busy seasons, off-peak times can often lead to cash flow struggles.
Today, consumers and investors are increasingly prioritizing companies committed to sustainability. Sustainable business development goes beyond just following regulations; it’s about integrating environmental and social responsibility into your core business practices.
Digital receipts are electronic versions of traditional paper receipts, sent via email or accessible through mobile apps. Digital receipts are becoming more popular due to their convenience and efficiency, alongside the government mandated transition to e-invoicing.
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.
For personalised service, the very best financial products and exceptional customer service where you really matter, look no further than the professional team at Mainland Finance
Contact Us