Australian labour market – weak jobs growth, rising unemployment

20/07/2015 0 Comments
The release of the – Labour Force data – for June 2015 by the Australian Bureau of Statistics shows that the Australian labour market marked time this month with employment growth positive but weak and unemployment edging up slightly as a consequence. The data continues the repeating pattern over the last 24 months or so where employment growth zig-zags around the zero line and is weak at best. The unemployment rate rose slightly to 6 per cent, which was where we were a year ago. Underemploy

Top changes for business and individuals from 1 July 2015

07/07/2015 0 Comments
TAX CHANGES FROM 1 JULY 2015 From July 1, 2015 the federal government will cut the company tax rate by 1.5 percentage points. Australian small businesses are expected to benefit as their taxation rate falls from 30 to 28.5 percent. Individual taxpayers with business income from an unincorporated business that has an aggregated annual turnover of less than $2 million will be eligible for this business tax discount. The discount will be 5% of the income tax payable on the business income received
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