SMALL BUSINESS

INSIGHTS, TRENDS AND CASE STUDIES

The sharing economy is going gangbusters and entrepreneurial Australians are securing a slice of the action.

Conditions ease further, confidence turns negative

Deterioration in conditions in most states, with current momentum negative. Household sector weakness evident, investment still ok (outside mining), while agri. facing easing prices and needs rain. Housing sector downturn, population growth centred on the eastern states, agricultural prices easing.

NAB’s view is that prices will decline further over the next year or so – led by further declines in Sydney and Melbourne. We also see the adjustment continuing in an orderly manner, with prices remaining well up on 5 years ago.

Just what did Australia think of the Federal Budget? From industry bodies to media, we count down 10 of the most interesting reactions.

Technology is changing the way accounting professionals work and the relationship they have with their clients. Cloud accounting business specialist Lielette Calleja shares the secrets of her own success and suggests ways to make the most of continuing transformation.

Small business won tax cuts, an increase to the instant asset write-off, increased infrastructure spending and investment in apprenticeships.

Big spending for drought and flood relief were a feature of this year’s Federal Budget, along with a Future Drought Fund and an Emergency Response Fund.

Mental health, aged care and frontline and primary care were key initiatives for the health sector this year.

Pre and post-secondary schools received a funding boost, with non-government schools receiving 60% of school funding for 2019-20.

Listen to Alan Oster, NAB’s Group Chief Economist, Tom Elliott, 3AW Drive Host, Danny Armstrong, Managing Director at ShineWing Australia and Vicki Macdermid, Partner at Pitcher Partners, bringing you expert insights to what the budget means for you and your business.

Days out from the Federal Budget, there have already been several leaks about what it could hold. Here’s the low-down on what to expect.

New NAB data reveals key factors for the wellbeing of small business owners.

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