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  1. Inflation slows to lowest level in more than a year

    services. ABS head of prices statistics Michelle Marquardt said the 5.6 per cent annual rise was the smallest since April last year. “While prices have kept rising for most goods and services, many increases were smaller than we have seen in recent...

  2. Inflation slips to lowest annual figure since last February

    prices statistics Michelle Marquardt said inflation continued to ease from 5.4 per cent in June and its peak of 8.4 per cent last December. Slowing the inflation rate in July increase were price falls for automotive fuel (-7.6 per cent) and fruit and...

  3. Inflation result spells uncertainty for business

    would need to factor in increased input costs for clients but also a big dose of uncertainty about how long inflation would last. Gavan Ord, senior manager, business and investment policy at CPA Australia, said the result showed we were going down the...

  4. Inflation rebounds on high petrol, energy prices

    transport and financial services. ABS head of prices statistics Michelle Marquardt said the result was an increase on last month’s 4.9 per cent figure but still reflected a decline from the peak of 8.4 per cent last December. She said excluding volatile...

  5. Inflation rebounds on high petrol, energy prices

    transport and financial services. ABS head of prices statistics Michelle Marquardt said the result was an increase on last month’s 4.9 per cent figure but still reflected a decline from the peak of 8.4 per cent last December. Ms Marquardt said excluding...

  6. Inflation has peaked but further rate rises on the cards: RBA

    “The decision is the tenth consecutive increase since May 2022 and comes after national accounts and CPI data released last week revealed that both economic growth and inflation have slowed faster than expected, making the wisdom of this decision hard...

  7. Inflation erodes employee confidence, but bosses upbeat

    may be more confident that better times lie ahead.” Overall, only 72 per cent of workers felt the same this year compared to last while 89 per cent of employers believed business conditions were on the up. Employers cited increased financial resources...

  8. Inflation cools in wake of rent, energy subsidies

    Changes to housing, food, non-alcoholic beverages and transport prices meant inflation slowed down to 4.9 per cent last month. Inflation eased to 4.9 per cent over the year to October from 5.6 per cent as Commonwealth rent assistance and electricity...

  9. Industry, small business urge FWC to dial back minimum wage rise

    The ACTU’s 7 per cent claim is “reckless”, says one industry group, with high inflation and a slowdown in GDP growth. Both small business and employer associations are urging the Fair Work Commission to dial back union demands for a 7 per cent increase...

  10. Industry sees spike in firm sales

    level” there are more buyers than sellers in the market at the moment. He attributes this trend, which has spiked in the last five years, to accounting firms in particular struggling to master organic growth. “They’ve been growing by acquisition for...

  11. Industry groups urge major parties to rule out taxing unrealised gains

    Taylor strongly reiterated the Coalition’s opposition to the $3 million super tax in Momentum Media’s Election 2025 event last week. He said the Coalition has not softened its stance on the Division 296 tax on assets above $3 million within super,...

  12. Industry fund ramps up pay day super lobby

    when employees salary sacrifice only solves “17 per cent” of the issue of unpaid super, says Industry Super Australia. Last month, Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 was introduced, with one of the measures...

  13. Industry figure condemns compliance ‘scaremongering’

    industry is engulfed in a “compliance death spiral” due largely in part to the rapid rise of technology. “Over the last 35 years the tax compliance pie has grown, and continues to grow, contrary to all the scaremongering by those outside our industry...

  14. Industry execs welcome first steps in long-running tax saga

    and grow. It’s a good day for Australian small to medium sized businesses, their employees and the whole community.” Last Monday the parliament’s lower house passed the Turnbull government’s 10-year corporate tax plan, reducing the corporate tax rate to...

  15. Industry bodies push for tax system shake-up

    become unsustainable, overly reliant on income tax and no longer fit for purpose, according to pre-budget submissions made last week. The Tax Institute, CA ANZ and the Institute of Financial Professionals each said in separate submissions that a...

  16. Industry award provides kick-start for new firms

    recognition to help businesses attract quality staff and clients. The recipient of the New Firm of the Year award in last year’s Australian Accounting Awards, Sovereign Private, said it has given the business further validation among its client base....

    • Type: Article
    • Author: Reporter
    • Category: Business

  17. Industry at odds over new ATO reporting model

    of the SMSF sector and I think they should be commended for that,” Mr Burgess told delegates at the SMSF Summit in Brisbane last week. “But I’ve got to say, what a shemozzle we are in when it comes to events-based reporting,” he said. “Once we start...

  18. Individuals speed up returns, royal commission drives early rush

    Individual lodgement numbers are ahead of where they were last year, and some tax professionals believe the royal commission and stricter lending conditions are driving businesses and individuals to lodge early. Tougher lending conditions in the wake...

  19. Indexation of TBC tipped to trigger surge in excess amounts

    if indexation of the general TBC does occur, this will result in “significant difficulties” for many SMSFs. In an update last week, the ATO reminded SMSFs that if the All Groups consumer price index (CPI) figure for the December 2020 quarter is 116.9 or...

  20. Independent report details Count’s financial woes

    significant overhead recharges from CBA, which the report noted will not be incurred under CountPlus ownership. Over the last few years, the number of firms and advisers steadily declined. On 30 June 2017, there were 292 member firms and 587 advisers....

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