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Divorce rates have increased, and the way you settle your finances really matters

divorce

The 2021 Australian Bureau of Statistics census data recently released shows that 2.5 million Australians are now divorced; up from 2.2 million in 2016. Of 5.55 million families, nearly 1.07 million are now single-parent families. Divorce is an extremely emotional event and a huge milestone in anyone’s financial life. It is the emotional nature of a relationship…

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COVID relief is over for business owners, and now the struggle is real

wage increases

We don’t like to focus on the negative, but bear with us on this one. Small business owners currently face government legislated (and industry-led) wage and superannuation increases, increasing energy and supply costs, a tight labour market, increased pressure from the ATO…where can a business owner – who employs Australians and supports the Australian economy…

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What a Labor government means for small business

labor government small business

After 9 years of Liberal government, small business is watching with bated breath to see if Labor is able to support them in the way that they need. Here’s what they’ve promised so far… Albanese has enacted his campaign promise of a minimum wage increase of at least 5.2%, in line with headline inflation – see…

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Economic outlook: consumer position, cost of living, property and investment

economic outlook

Australian businesses are having a tough time. Australian consumers however, have money in their pocket. Here are some statistics from the Australia Bureau of Statistics June report. Slower consumer spending over the last two years means Australians have saved quite a bit of money, and their spending grew the Australian economy by 0.8% during the March…

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Small business defence against inflation

inflation

Inflation is the latest concern for small business. Levels in the USA are concerning, and while it is not as bad here in Australia, trends such as higher cost of living and increasing interest rates have us all on alert. The current inflation rate is 5.1% – Small businesses need space and opportunity to rise…

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10 steps towards a smooth EOFY

end of financial year eofy

With the Australian Tax Office (ATO) back in full collection mode after some leniency during the COVID peak, it is essential that businesses and individuals not only do due diligence this EOFY, but protect against an audit as well. Here’s a step-by-step guide… 1. Schedule time with your accountant A simple first step that enables…

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