Business sentiment down as economic recovery slows
The June quarter 2010 ACCI-Westpac Survey of Industrial Trends showed a marked softening of manufacturers’ General Business Sentiment for the second half of 2010.
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ACCC approves ATM deal between Suncorp/Bendigo Bank
The ACCC has granted interim authorisation Suncorp Metway and the Bendigo Bank to not charge each other’s cardholders a fee for transactions at ATMs they own.
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Small business once bitten twice shy of big banks post GFC
Prospects for small businesses appear to be looking up post-GFC in Australia, yet the attitudes held by business owners towards banks has not recovered.
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EOFY planning tips for the next financial year
The end of the financial year can feel like a blur of papers, numbers and money, but it’s worth taking the time to reflect on your end of financial year results and put together a business plan for the new year.
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Paid Parental Leave bill receives mixed support
The Federal Government’s Paid Parental Leave bill that passed the Senate yesterday has received mostly bipartisan support, as well as its fair share of criticism.
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How to make the most of your accountant at EOFY
As well as sorting out your books and taxes, your accountant can also provide help in the long-term planning of your business – and the start of a new financial year is the best time to think about this.
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Finsia launch world world first FSP credential
The Financial Services Institute of Australasia (Finsia) has launched a new Financial Services Professional credential (FSP), a world first that will increase the standard of financial professionals.
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Small business owners overwhelmed by tax burden
Australian small business owners feel overwhelmed by financial reporting obligations, according to a new study by American Express out today.
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RBA likely to keep rates on hold until August
The Reserve Bank of Australia (RBA) has indicated that it will likely keep interest rates on hold until August in the minutes from the June RBA board meeting.
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NAB launches iPhone app after success with NAB’s iPad app
National Australia Bank has launched a dedicated iPhone Internet Banking app, bringing all the features of the NAB iPad Intenet Banking app to the iPhone.
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New Zealand Reserve Bank raises rates to 2.75 percent
The Reserve Bank of New Zealand today increased the Official Cash Rate by 25 basis points to 2.75 percent, the first increase in interest rates for New Zealand since 26 July 2007.
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NSW Budget: no guiding light towards prosperity
Business, particularly SME’s, should be disappointed by a small adjustment to payroll tax and not enough focus on business growth and attraction in the NSW Budget.
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SMEs in trusts may be forced to restructure due to ATO
The Federal Government & the Australian Taxation Office (ATO) continued to alienate themselves from the business sector last week with the Tax Office releasing its final ruling on discretionary trusts distributing surplus income to corporate beneficiaries.
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Three areas to focus on for EOFY
Yes, it’s that time again. 30 June is racing up on us and business owners are flat chat. Here are three key tips to help you make the end of the financial year easier (or less taxing).
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Superannuation insurance premiums a rip off
Insurance premiums incorporated into superannuation funds can eat away at your life savings, with the difference amounting to thousands per year for some funds.
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Comscentre scores finance deal and grows business
A new customer financing arrangement has delivered more than half a million dollars worth of business to Brisbane-based telecommunications provider Comscentre within its first three months.
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Aussie rejected by ANZ Bank for $2 billion in funding
Aussie Home Loans has been rejected by ANZ Bank in its quest for the $2 billion needed to revitalise Aussie’s home loans business BusinessDaily reports.
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Citibank Australia’s favourite credit card says InfoChoice.com.au
Citibank’s Clear Platinum credit card is Australia’s favourite, according to banking comparison website InfoChoice.com.au.
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NAB buys failed US Bank TierOne from FDIC
National Australia Bank (NAB) through it’s wholly owned subsidiary Great Western Bank (GWB) has announced the acquisition of the failed TierOne Bank (TierOne) from the Federal Deposit Insurance Corporation (FDIC) for a cash payment of approximately US$76 million.
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Support for 12% Superannuation Guarantee ‘almost universal’
The Federal Government’s proposed increase in the Superannuation Guarantee from 9 to 12 percent has ‘almost universal support’ from Australians a poll commissioned by ASFA concludes.
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