How does a bank fail? A finance expert explains the dramatic downfall of Silicon Valley Bank
The short answer is that SVB did not have enough cash to pay depositors so the regulators closed the bank. The longer answer begins with investment decisions made during the pandemic.
Slow and piecemeal: Australia’s ‘light touch’ approach with Airbnb continues to fuel the housing crisis
When landlords “host” tourists rather than residents, housing supply is depleted, rents rise and neighbourhoods change — and the housing crisis deepens.
ACT expansion into NSW mired by collapse of key Ginninderry builder
Subcontractors, creditors and clients were scrambling to find out where they stand after PBS Building collapsed and went into voluntary administration, owing at least $25 million and leaving a swag of builds in the ACT in limbo.
“What’s next on the chopping block?”: How Australian small businesses are reacting to the interest rate pressure
Asking for payment extensions. Pausing ad campaigns. Slashing graphic design projects. In the face of surging interest rates, entrepreneurs are making drastic decisions to cope with the new cost of their loan repayments.
‘Love thy taxes’ for a happier life: Yes, really!
I recognise most of you don’t want to hear this, but I have a tip on how to lead a happier and more productive life. Be happy about paying taxes.
ATO court actions are on the rise, as small business chief Will Day confirms “firmer footing” for compliance activities
Debt collection efforts at the ATO are now on a "firmer footing" than in recent years, Deputy Commissioner Will Day has confirmed, with the number of court actions initiated by the tax office expected to hit pre-COVID levels this year.
Why values-based capitalism is good for business and Australia
Teaching company owners how to implement values-based capitalism, be principle-centered leaders, support teamwork, joint problem-solving, and collaboration accelerates company growth, creates jobs, and results in more exports.
Inflation remains Australia’s biggest challenge amidst deepening economic downturn
Federal Treasurer Jim Chalmers is “cautiously optimistic” inflation has peaked. But he warned that rising prices remained “the defining challenge” amid a global economic slowdown and geopolitical uncertainty.
Littleproud says new super tax rules will hit “mum and dad” businesses. Is he right?
Raising the tax rate on superannuation balances above $3 million will affect "many mum-and-dad businesses" which hoped to sell up for retirement, National Party leader David Littleproud says, as accountants warn of significant tax implications for successful entrepreneurs nearing the end of their professional lives.
Late invoice payments in the spotlight as Xero offers cash prizes to small businesses waiting for what they’re owed
Small businesses waiting for delayed invoice payments could score cash prizes from Xero, as accounting and business transaction make the promise of accelerated payment central to their pitches to SME customers.
Australia-first as watchdog ASIC takes Mercer Super to court over greenwashing
ASIC alleged Mercer's sustainable superannuation products invested in no fewer than 15 fossil fuel companies including AGL Energy, BHP Group, Glencore, and Whitehaven Coal.
Small business wages grew less than 3% in the year to January, Xero says, as inflation soars
Wages paid by small businesses grew 2.9% in the year to January, marking the fourth consecutive month of slowing growth, according to Xero's new Small Business Insights report.
