Business Update – 16 August 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

Markets continue to wobble

The ASX followed Wall Street’s shaky lead last week, closing flat. Traders are reacting to a handful of uncertainties including surging inflation, recession fears, ongoing supply chain issues, and record low unemployment.

What rising interest rates mean for those who don’t have a mortgage

It’s no secret that interest rates have been steadily rising, and homeowners are likely feeling the pinch. But what about those without a mortgage? ABC News breaks it down here.

RBA feels real disposable income will continue to fall into 2024

The Reserve Bank said this week that the poor and marginalised in the community will feel the tightening of its monetary policy the most. As the cost of living crisis continues, it now admits that that poorer Australians may not have enough of a buffer to weather the storm.

Single touch payroll phase 2 is coming

STP2 began January 1, but many companies deferred that to the end of 2022. However, with the grace period rapidly coming to an end, it’s time for companies to turn those functions on. Details can be found here.

Experts warn rental housing crisis can still worsen

Australian renters are reporting price increases of up to $150/week. With a widespread renting supply crisis, many are wondering what can be done to fix the situation.

How an economic downturn can benefit your business

Economic downturns are rarely regarded as good news, however there are many historical examples of businesses that have made the most of these times and come out on top.

Get in touch

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

Astute Business Consultants

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