Posts tagged "spending"

This year's rendition is shaping up to be extremely important: as cost of living pressures clamp down on discretionary income, Australians appear more likely than ever to focus their spending on heavily discounted events like Black Friday.

Major cuts to startup, screen industry, and small business innovation programs are expected in the NSW 2023-2024 budget, as the new Labor government contends with deficits and spending cuts inherited from the Coalition.

Australia's business failure rate is only set to rise over the next year, analytics firm CreditorWatch states, as persistently high interest rates and lower consumption squeeze enterprises struggling to maintain profitability.

Small business accounting platform Thriday is launching a new AI system which tracks business spending to automatically prepare a tax treatment, a development CEO Michael Nuciforo claims as an Australian first.

Up has launched a new debit card made from 82% recycled materials and a fresh partnership with waste-data startup Seabin, as the digital bank targets a new generation of eco-conscious spenders.

A gloomy economic outlook and worsening consumer sentiment have not dampened optimism at payments unicorn Zeller, which claims a significant uptick in big business users is propelling its revenue growth.

Australian consumer confidence has fallen to levels not seen since the dawn of COVID-19 lockdowns and the depths of Global Financial Crisis despair, Westpac says.

Restaurant owners want next week's federal budget to address staff availability and the punishing cost of doing business, six months after pledges in the last budget left one small trader feeling like a "tool" in an election campaign.

Business bookkeeping platforms have welcomed draft legislation which could create $1.55 billion in "bonus" tax offsets for small businesses.

HIVERY co-founder Jason Hosking says the startup sector should prepare for conservative investment ahead, as "there's no doubt the landscape, retail tech or otherwise, has changed significantly in the last six months".

Australian retail industry associations say interest rate hikes and rising inflation could flatten expenditure in the months ahead.

The potential for social procurement to create inclusive employment “represents a truly unmissable opportunity”.