Client Area

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Concerns raised as small businesses suffer a spending ‘cold snap’

New data from MYOB reveals that small businesses are experiencing what is called a spending ‘cold snap’ with cash and EFT deposits on a decline since June this year.

Atlassian acquires video messaging platform Loom for $1.5b

In an effort to ramp up its software offering for hybrid workplaces, Australian-founded tech giant Atlassian Corporation (NASDAQ: TEAM) has announced it has acquired video messaging platform Loom for US$975 million ($1.5 billion).

Australia Post unveils cutting-edge parcel facility to meet soaring e-commerce demand

In response to the ever-increasing demand for e-commerce services, Australia Post has recently inaugurated a state-of-the-art parcel facility that embodies innovation and efficiency.

Albanese government moves towards regulating digital payment wallets, phasing out cheque payments

In a significant development in the world of finance and payments, the Albanese Government of Australia has taken strides towards regulating digital payment wallets, such as Google Pay and Apple Pay, on par with other traditional payment methods.

IMF sees bleaker economic times ahead for Australia, but the picture’s not all bad

This week the International Monetary Fund released its latest six-monthly world economic outlook and global financial stability report. As you might imagine with reports that have “world” and “global” in their titles, they cover a wide range of issues, so let’s breakdown what you need to know.

Innovation is imperative, but Australian businesses held back by fear of failure in uncertain economy

New survey findings from Miro®, show Australian leaders and information workers near unanimously agree that innovation is urgent and critical to business success. However, a triple threat of economic uncertainty, fear, and outdated business practices, means few are prioritising innovation—defined as the design, development, and launch of new products and services.

Deloitte: Businesses should brace for worker-led AI disruption

A new study from professional services firm Deloitte has determined that more than one quarter of the Australian economy faces imminent and significant disruption due to generative AI – calculated to be equivalent to almost $600 billion worth of upended economic activity.  Yet, so far, only 1.4 percent of all Australian businesses and less than 10 percent of the country’s larger employers have officially adopted the rapidly emerging technology.

State seizes money from 5,000 accounts for overdue hotel quarantine debts

Australians taken to quarantine hotels during COVID-19 now face state-backed garnishing orders for overdue payments. Revenue New South Wales (NSW) has issued orders to take money from 5,190 bank accounts of residents with hotel quarantine debts.

Securing Australians’ superannuation

As announced in the 2023–24 Budget, employers will be required to pay their employees’ superannuation guarantee entitlements on the same day that they pay salary and wages. The consultation paper provides industry and stakeholders an opportunity to provide input on implementing payday superannuation and a redesigned compliance framework to encourage employers to pay their super as close as possible to payday. All interested parties are encouraged to provide input on the consultation paper by 3 November  2023.

Households urged to switch off potentially dangerous LG solar batteries immediately

The Australian Competition and Consumer Commission (ACCC) has warned all households with a solar storage system to check if their system at home contains recalled LG batteries and, if so, switch them off immediately.

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.

Related Post

member-img
Posted by Strategic Wealth Management 28 May 2024

Proactive superannuation planning: what you need to be aware of before June 30

As a small business owner, juggling multiple responsibilities is the norm. With June 30 fast approaching, understanding superannuation can save you a lot of headaches and potentially a lot of …

Read More… from Proactive superannuation planning: what you need to be aware of before June 30

Read More
member-img
Posted by Strategic Wealth Management 16 May 2024

Unpacking the 2024 Federal Budget: What you need to know

When Treasurer Jim Chalmers handed down the 2024-25 Federal Budget on 14 May 2024, it was clear that the government had a diverse range of objectives. From offering tax cuts …

Read More… from Unpacking the 2024 Federal Budget: What you need to know

Read More
member-img
Posted by Strategic Wealth Management 27 Feb 2024

Business Update – 28 February 2024

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. Employer audits to surge, ATO warns The ATO has warned …

Read More… from Business Update – 28 February 2024

Read More
member-img
Posted by Strategic Wealth Management 24 Jan 2024

Land Tax Changes

Land tax: Changes to the principal place of residence exemption From 1 February 2024, persons who purchase and occupy a property but own less than 25% interest (either solely or …

Read More… from Land Tax Changes

Read More
member-img
Posted by Strategic Wealth Management 16 Jan 2024

Business Update – 17 January 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. High chance’ of RBA achieving its goals in 2024: …

Read More… from Business Update – 17 January 2024

Read More
member-img
Posted by Strategic Wealth Management 11 Dec 2023

Managing work-life balance as a small business owner

As a small business owner, it can be incredibly difficult to maintain a healthy work-life balance. The obligations and responsibilities of running your own business often take priority over any …

Read More… from Managing work-life balance as a small business owner

Read More
member-img
Posted by Strategic Wealth Management 10 Dec 2023

Business Update – 11 December 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Jim Chalmers welcomes OECD prediction RBA has reached interest …

Read More… from Business Update – 11 December 2023

Read More
member-img
Posted by Strategic Wealth Management 04 Dec 2023

Make life easier with AI

AI (Artificial intelligence) has been both a huge disrupter and enabler for businesses of all shapes and sizes. (AI) is no longer just a pipe dream of science-fiction. It has …

Read More… from Make life easier with AI

Read More
member-img
Posted by Strategic Wealth Management 30 Nov 2023

Business Update – 30 November 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. How much Aussies plan to spend on Christmas presents …

Read More… from Business Update – 30 November 2023

Read More
member-img
Posted by Strategic Wealth Management 07 Nov 2023

Multifactor Authentication (MFA) email Scam

We’re seeing an increase in reports about an email scam impersonating the ATO. Scammers are emailing clients advising them that due to ATO security updates, they are required to update …

Read More… from Multifactor Authentication (MFA) email Scam

Read More

Contact Us

Our office is located in Hurstville. Parking is available under our building. We are a short 750m walk from Hurstville train station.

Postal address: PO Box 497 Hurstville BC, NSW 1481