Cashflow

New research reveals the average SME spends over two full working weeks (84.1 hours) every year in gathering tax on behalf of the Australian Government.

Are small businesses guilty of paying other small businesses late? Are the people whinging also the source of the problem? Could it be that we are hypocrites?

The latest Small Business Survey by the Australian Chamber of Commerce and Industry (ACCI) has revealed the nation’s small businesses are expecting a difficult year ahead.

Capital, it’s a key factors that can determine whether or not a small business survives another day. With this firmly in mind, Charlotte Petris and her co-founder-husband launched a business that brings SMEs together with an all-important business element: the investor.

The horrendous market performance from oil, Russia’s rouble and bitcoin ensured that they breezed to the dubious position amongst the year’s worst investments.

Your organisation may be making sales left and right, but if you’re not collecting funds from these transactions, you may find yourself with insufficient cash during critical periods.

You can be swayed thinking that your new customer is going to be one of your best – so, really, is there that much risk in providing them some credit? You have crosschecked the credit application against an ASIC search and there are no discrepancies – so what could go wrong?

A good invoice is your first step to making sure you get paid. Issuing an invoice should be the first thing you do after you have supplied your goods or service. Here’s what your invoice should contain…

The silly season may be switching into gear, but with the increased costs on both businesses and consumers alike, SMEs must ensure they have a plan of attack at the ready.

Cameron Campbell had a simple goal when he and his wife decided to start-up their own business and that was to create a comfortable source of income for his potentially growing family.

The September fall of the Aussie dollar of more than 6% in two weeks will bring much needed relief to many businesses who have long struggled with a strong exchange rate. However, spare a thought for importers, for example, who costed the dollar at US90c back in August.

Old lines like ‘money makes the world go round’ aren’t bandied about for no good reason.

Retailers are being given the chance to cut business costs and boost energy efficiency thanks to free workshops being held around Australia.

Kick off the new financial year by discovering who your profitable customers are and gently shed the loss makers. Chris Ridd, managing director of small business accounting software provider Xero, explains how.

Companies fail essentially due to poor management, poor financial control and in some cases fraud. What chance do small businesses have to avoid financial failure or mediocrity?

Bad debts can be bad news for small business. Chris Ridd, managing director of small business accounting software provider Xero Australia, explains how you can deduct them from your tax – and how you can avoid them.

One of the keys to shake-up your business in the new financial year is to keep your records up to date. Doing this increases your business’ value, provides easier access to finance and allows a better insight into how you are performing. Business policy advisor at CPA Australia, Gavan Ord, told Dynamic Business that too […]

After more than 350 startups vyed for a chance at $5 million in the Inaugural Big Pitch competition, two lucky start-ups have chosen to share the prize.

Government is lagging behind on paying invoices to small business according to the most recent survey of 40 government agencies.

With the end of financial year just around the corner, it’s a great time to consider the results for this year and what you want to achieve next year.