Ershad Ullah's Posts
As of 30 June 2023, Australia boasts a robust business landscape with 2,589,873 active businesses. The 2022-23 period witnessed a growth of 0.8%, translating to an increase of 19,973 businesses. This growth was fuelled by a 15.8% entry rate, accounting for 406,365 new businesses. However, as per the ABS, the period also saw an exit […]
A lot of businesses in Australia shut down for a couple of weeks during Christmas and New Year, giving their employees a well-deserved break. While this downtime is perfect for recharging, it also means no business operations—and often, no cash flow—for two to six weeks. In 2024, the cash flow challenge is even greater, as […]
Small to medium-sized businesses are the backbone of our economy. According to ASBFEO, they employ over 60% of all Australian workers. When run well, these businesses can become a source of independence for many young entrepreneurs. Recently at Investax, we’ve seen a number of small to medium-sized business owners struggling to keep up with the […]
In 2024, the cryptocurrency landscape continues to evolve rapidly, with new developments shaping the way individuals and institutions interact with digital assets. As blockchain technology matures and cryptocurrencies become further integrated into mainstream financial systems, the Australian Taxation Office (ATO) has kept pace, refining its approach to how these assets are taxed. In Australia, cryptocurrency […]
In an effort to make home ownership more accessible and stimulate the property market, the Victorian government has introduced a temporary stamp duty concession on off-the-plan (OTP) apartments, units, and townhouses. This measure, centred on the motto “More Homes Mean More Opportunity,” aims to alleviate the upfront financial burden for first-time home buyers and young […]
With October drawing to a close, the deadline for lodging your 2024 tax return is fast approaching. The 31st of October is the final date to submit your return for individuals who prepare their own tax affairs. We understand that everyone has busy lives, and tax may not always be a priority. However, if you […]
According to the August 2024 Monetary Policy Report published by the Reserve Bank of Australia (RBA), inflation has fallen substantially since its peak in 2022. Higher interest rates have been instrumental in bringing aggregate demand and supply closer to balance. The RBA’s target inflation range is 2-3%, and as of now, inflation is sitting at […]
As we move through 2024, many Australians continue to embrace the hands-on approach to renovation projects, finding both joy and a sense of accomplishment in improving their properties. Renovation in 2024 isn’t just about personal satisfaction; it’s also a smart investment strategy. By upgrading their properties, investors can attract higher rents and increase the overall […]
As of 2024, Australia has approximately 111,900 registered medical practitioners, including both general practitioners (GPs) and specialists actively practicing across the country. This number reflects the steady growth in the medical workforce over the past decade, driven by an increasing demand for healthcare services. At Investax, we have extensive experience working with medical practitioners, and […]