Federal Treasurer Jim Chalmers has just released his first budget, and the consensus is that it is essentially a ‘safe’ budget. There are not too many winners, however, the expectations were low considering the status of the worlds major economies and inflation rates not seen since the 1990s. While Australians debt continues to grow ($36.9...
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Since early 2020, small business owners have been hit with challenge after challenge & the prolonged shortage of labour in Australia is the last straw for many...
Whilst the end of financial year (EOFY) spells sales and bargains for shoppers, it’s a very important and often stressful time for businesses and bosses. A 12-month time period followed for tax purposes (starting on July 1st and ending on June 30th) the end of the fiscal year marks the moment for business owners to...
In recent weeks, there has been multiple media headlines from journalists explaining why they will never pay $7 for a cup of coffee. An example was recently in The Age by journalist Julian Virgona, who wrote ‘Melbourne’s coffee culture is overrated, but this is the nail in the coffin’. While TR Consulting is industry agnostic,...
We are lucky enough to live in an age where technology can provide incredible insight into your business, and tools exist that make forecasting and modelling easier than ever before. However, the impact of such technological improvements has resulted in a shift in focus to the skills required to use such tools. Take Excel for...
For anyone sitting back and taking note of reported metrics such as business confidence, unemployment rates, GDP growth, record real estate sales and new home builds, or looking at the share market reaching new highs, it’s hard to believe we are approaching 2 years of pandemic induced lockdowns. However, these numbers have significant limitations and...
Executive Summary Coffee Shop Owners is the first in a series of reports focusing on industries with a significant small business presence. Key economic information reported readily in the media such as gross domestic product (GDP), consumer price index (CPI), retail sales, interest rates, and labour market statistics are largely irrelevant to the average small...
The budget announced yesterday was intended to be a crowd-pleaser. Most likely a signal that the next federal election is around the corner. This is evidenced by the $9bn war chest in the budget to deliver decisions 'not yet announced'. From an SME perspective, the positives were the extension of the loss carry-back rules, instant...
When considering a new website design, the prospect of a beautiful new online presence is exciting. If you’ve ever launched a website before, you’ll know the buzz you get from seeing your vision in bright, fresh color on the screen. But before you start planning out that vision, could there be a better approach to launching a...