Tag: Economic Climate

The Reserve Bank today announced a cut of 25 basis points to lower the cash rate to 2.75 percent.

The Reserve Bank of Australia (RBA) announced that the cash rate would remain at 3.0 percent earlier today.

With the downturn affecting job security, an increasing number of employees are lodging false bullying claims in an effort to protect their jobs, according to Harmers Workplace Lawyers. The scary new trend has seen an increase in the number of employees lodging false claims of bullying from their employers and exaggerated workplace allegations, to protect […]

ANZ have come under fire after it was reported they were sacking 500 workers, shifting operations to India. However, ANZ have fired back claiming that they will not make any cuts to jobs in 2009 and that Australian workers are safe. In a statement on Sunday, an ANZ spokeswoman said, “Despite the economic slowdown, ANZ’s […]

Charities have become the latest victims in the global financial crisis, with a growing number applying for funding to meet a rising demand for services. According to Perpetual, Australia’s largest manager of charitable trusts, 942 charities have applied for funding this year, up 26 percent on last year. The applications have totalled $60 million. With […]

Family owned businesses are more vulnerable in the current economic climate, than non-family owned businesses, according to CEO of Family Business Australia, Philippa Taylor. Family owned businesses in Australia number 2 million and Taylor expects many are going to “go to the wall” in the next few months. “Their lack of a solid business plan […]

In response to the Government’s $13.8 billion Telepresense video conferencing plan, Telarus, the national infrastructure-based service provider has today announced the availability of high definition video conferencing and Telepresence products via its partnership with LifeSize. The new technology will allow people to do more while travelling less, thus cutting costs and improving productivity, through true-to-life […]

For most small to medium enterprises (SMEs) tax planning can be pushed down the agenda and only dealt with on an annual basis with little time and effort given. However, tax represents one of the most significant business costs and by implementing ongoing tax planning it can save a business time and most importantly, money. […]