Experts Accounting Tips

 Hi there, The most problematic thing with business loans is that you need to manage the debt efficiently otherwise you can be left with a deficit. Thus, you must discuss the decision with the bookkeeper because the repayment of the loan include the interest which can be high if you do not choose the loan properly. However, a goo thing is that the interest payment is tax deductible and can be claimed by the ATO. It is something that you are paying out of business account while the principal is what you have borrowed from the lender, which does not count as business expense. Thus, you must read the article shared below to know more about the tax deductions applicable to the business loan.   https://www.agibookkeeping.com.au/are-business-loans-tax-deductible/

 Shareholders of Australia’s largest provider of superannuation fund and share administration services Link Group (ASX: LNK) have voted in favour of a $2.46 billion takeover offer from Canadian software group Dye & Durham. The vote paves the way for Dye & Durham to assume control of Link by the end of September after it was revealed that the bidder’s biggest hurdle, approval by the Australian Competition and Consumer Commission (ACCC), has been all but secured after the Canadian company had agreed to sell its existing Australian operations. The Link board unanimously recommended shareholders accept Dye & Durham’s base offer of $4.81 a share after it was increased from an earlier bid of $4.57 a share. Read More: https://www.businessnewsaustralia.com/articles/link-group-shareholders-approve--2-46b-takeover-by-dye---durham.html

 The government's jobs and skills summit is less than a fortnight away but there is still intense disagreement over exactly what problems actually exist in Australia's labour market. Unions and progressive think tanks have pointed to the decade-long stagnation and recent collapse in real wages as the key concern. Real wages are measured by looking at workers' increase in pay minus inflation, otherwise known as the rising cost of living. With inflation (as measured by the Consumer Price Index) surging and pay packets (as measured by the Wage Price Index) not keeping pace, over the past year the average worker has seen their standard of living fall substantially. Read More: https://www.abc.net.au/news/2022-08-22/wages-versus-profits-as-inflation-soars/101350882

 The massive shake-up of Lendlease Group’s (ASX: LLC) business has taken its toll on the FY22 bottom line, with the company expecting the pain to continue into the current year before hitting its straps in 2024. The property giant posted a bottom-line loss of $99 million for the full year, but notes that its performance improved dramatically in the second half as core profit jumped from $28 million in the first six months of the year to $248 million in the second half. Lendlease, under the leadership of Tony Lombardo who replaced long-time CEO Steve McCann last year, has mapped out a simplification strategy that will see the business exit non-core developments and focus on emerging opportunities such as build-to-rent projects while shoring up its funds management operations. Read More: https://www.businessnewsaustralia.com/articles/lendlease-posts--99m-loss--targets-2024-to-reap-benefits-of-business-shake-up.html