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Welcome back to our OAW Weekly Business Update \u2013 stay in the know with recent news and updates relevant to business and the economy.<\/span><\/p>\n The Federal Budget has both positives and negatives for small business owners, such as tax cuts and increased access to capital, but also increased compliance costs and a lack of support for the retail sector.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n The Australian stock market is expected to open higher, following a positive lead from Wall Street ahead of a key economic report.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n The Reserve Bank of Australia has warned that aggressive interest rate hikes could put 200,000 jobs at risk. They have instead suggested a more gradual approach.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n Criminals are exploiting Australia\u2019s education visa system by creating fake schools and enrolling fake students, making a mockery of the system.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n From 11 July 2023, personal transfer balance caps will be displayed on the ATO website, limiting the amount of superannuation an individual can transfer into retirement phase.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n An investor has criticised young Australians for seeking work-life balance, claiming they are \u201csoft\u201d and lack ambition. He believes they should be working harder to achieve success.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n This article argues that the teachings of Yoda from Star Wars can be applied to the Stage Three tax cuts, such as being mindful of the future and not being driven by short-term gains.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n Employers should be aware of the different types of fringe benefits they can offer their employees, such as salary packaging, novated leasing and entertainment benefits. These benefits are subject to taxation and must be reported to the ATO.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n No, actually \u2014 despite what the industry is doing Australian superannuation funds have grown significantly in size and complexity, with many now investing in a range of asset classes and strategies to maximise returns.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n Aristocrat Leisure has announced the acquisition of NeoGames for $1.8 billion, creating a global leader in digital gaming and lottery solutions.<\/span><\/p>\n Read more<\/span><\/a><\/p>\n Contact us if you have any questions or want to discuss the next steps for your business.<\/span><\/p>\n We would appreciate your support by following us on\u00a0Facebook<\/a>,\u00a0Linkedin<\/a>,\u00a0Instagram<\/a>-Oracle and\u00a0Instagram<\/a>-Kountable for more great tips, support and the latest tax news and headlines!<\/p>\nThe good, bad and indifferent of the Federal Budget: a small-business owner\u2019s view<\/b><\/h3>\n
ASX set to inch higher as Wall Street edges up ahead of key report<\/b><\/h3>\n
Massive impact on jobs\u2019 by raising interest rates more aggressively<\/b><\/h3>\n
Fake schools, fake students: Criminals make mockery of education visas<\/b><\/h3>\n
Personal transfer balance caps displayed from 11 July 2023<\/b><\/h3>\n
Top investor slams \u2018entitled\u2019 Australians<\/b><\/h3>\n
Why the teachings of Yoda should be applied to stage three tax cuts<\/b><\/h3>\n
Do you know your fringe benefits?<\/b><\/h3>\n
Are bigger super funds better?<\/b><\/h3>\n
Aristocrat to buy NeoGames for 1.8 billion<\/b><\/h3>\n
Get in touch<\/b><\/h3>\n