A new study shows Australia is a relatively low taxing country compared to other countries, but an expert says this highlights a “double-edged sword” in maximising the benefits of lower taxes.
Retailers relying on consumers’ tax refunds to boost sales could be in for a shock, with a Bankwest report revealing 31% of Australians expecting to receive a tax refund intend to save it.
Small businesses unsure about carbon price claims can now access a dedicated hotline, designed to make it easier for consumers and business to complain if they suspect a price claim is false.
Australia should stop “pretending” it can compete against the low-wage economies of Asia and instead focus on productivity, Reserve Bank governor Glenn Stevens has told the Prime Minister’s Economic Forum.
Specialist magazine retailer Mag Nation has announced the closure of its foundation store in Auckland, but hasn’t ruled out the possibility of setting up shop elsewhere in the New Zealand city’s CBD.
The Westpac Melbourne Institute Index of Consumer Sentiment increased by 0.3% in June, but Westpac chief economist Bill Evans has dismissed the increase as another “disappointing” result.
Business conditions are at their weakest level in three years, according to the NAB Monthly Business Survey, with pressure mounting on the Federal Government to offer some relief.
Gross domestic product grew by a surprising 1.3% in the March quarter, according to the latest figures from the Australian Bureau of Statistics, but not all sectors are contributing to the growth.
The unemployment rate increased by 0.2% in May, new statistics show, with the data potentially dampening the probability of an interest rate cut in August.
Business angst looks set to continue, with the latest Dun & Bradstreet report showing 27% of local businesses anticipate declined sales in the coming months, while 30% expect lower profits.
The future of the fitness industry has been put under a cloud after Fitness First announced it is selling a quarter of its Australian gyms, suggesting gym operators need to up the ante in order to survive.
Industry groups have slammed the decision by Fair Work Australia to increase the national minimum wage by $17.10 a week, warning it will impose a major burden on small businesses.
The Cheesecake Shop says its avoidance of major shopping centres is enabling it to improve rental agreements for franchisees, who typically operate in regional areas or on suburban strips.
Partnering with a large logistics company could shield online retailers from parcel price increases, an expert says, after Australia Post revealed it is being forced to hike up its prices.
Australian small businesses that fail to invest in their operations will struggle to capitalise on the expanded opportunities generated by the mining boom, according to a new report by PKF.
Almost 70% of Australian retailers were more likely to defer business decisions within the past 12 months as a result of recent economic issues, according to the latest Sage Business Index.
Almost 60% of Australians feel they have been personally affected by the global downturn, a new survey shows, but a retail expert says it’s important to put such surveys into context.
New proposed laws that restrict the shift of data overseas could reduce the benefits of moving to the cloud, an expert has warned, despite research showing local firms view IT cloud applications as a key cost-saving measure.
Business and industry groups are urging Fair Work Australia to reject a claim for the minimum wage to be lifted by $26 a week, calling for a more “modest” approach to award wages.
Hidden fees and charges can destroy your small business. Here are the five big bills that are about to hit your mailbox. BY MICHELLE HAMMOND.