With the 2020 Federal Budget bringing news of a new instant asset write-off measure for Australian small businesses, SMEs are being urged to use the opportunity to digitise. Under the new scheme, businesses are able to claim the full value of all new eligible depreciable assets of any value which are first used or installed […]
Zip has announced its partnership with Visa, Apple and Google to allow many more small businesses to accept buy now, pay later (BNPL) in store. The company’s new ‘Tap & Zip’ product feature enables Zip Pay users to shop anywhere that accepts Visa1, ApplePay or Google Pay. Unlike its major competitor Afterpay, which can only […]
The Law Council of Australia is encouraging the Government’s move away from the one-size-fits-all approach when dealing with small businesses facing insolvency to be fast-tracked. The reforms to the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 aim to establish a new formal debt restructuring process for eligible small businesses, to enable financially distressed but viable firms […]
Australian plant-based meat startup, v2food, has today announced the closing of $77 million in Series B funding, including investment from Singaporean state-owned investor Temasek. Joining the round of new and existing investors includes ABC World Asia, Altitude Partners, China Renaissance, Esenagro, Horizons Ventures, Main Sequence Ventures, Marinya Capital, Novel Investments and Sequoia Capital China. “This […]
With the news of the 2020 Federal Budget bringing forward the Coalition’s three-stage tax cut package, Payroll SaaS platforms are working to implement the new tax tables into their services for their small business customers. The Australian Taxation Office has announced that as the changes have been made part way through the income year, employers […]
Jordana Edwards has lived in Pottsville in regional New South Wales for the last 15 years. The town of just 6000 people is where Jordana launched her now $3 million a year company Clean Tea and The Breastfeeding Tea Co. But Jordana is passionate about more than just building her own business. She has identified […]
Melbourne business owners are displeased with Premier Daniel Andrews’ plans to keep customer-facing businesses closed under his government’s latest COVID-19 response plan. In a press conference on Sunday, the Premier announced Melbourne’s newest roadmap out of the pandemic, along with which came news that customer-facing businesses may not open until November 2. There will be […]
IKEA Australia yesterday announced the launch of Australia-first clean energy storage initiative to power its Adelaide store, and provide a surplus of green energy to the South Australian power grid. The multinational furniture chain has partnered with Queensland’s Planet Ark Power to help meet their ambitious zero net emissions target by 2030. The project will also be run […]
CEO and founder of software-as-a-service company, Sked Social, it is fair to say that entrepreneur Hugh Stephens has a stake in how small businesses and startups have been impacted by the COVID-19 recession. He is also a partner of Galileo Ventures – a venture fund and accelerator program aiming to systematically enable and support promising young […]
Following the first round of JobKeeper cuts, and the presentation of the most significant Federal Budget since World War II, businesses are starting to face the reality of insolvencies and liquidations. New data from digital credit reporting bureau CreditorWatch the number of businesses entering into administration rose by 11 per cent in September to 436. […]
