Locked
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 […]
Guest Authored by Mark Jones, Associate Managing Director in Kroll’s Cyber Risk practice, and Cem Ozturk, Managing Director in Kroll’s Business Intelligence and Investigations practice While there’s no shortage of commentary around cyberattacks perpetrated by external actors, insider threats—that is, those committed by people within the business such as current or former employees—don’t make the […]
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 […]
Australia’s unemployment rate increased to 6.9 per cent in September, however Australians should be focusing on another more troubling labour statistic. The latest ABS data showed that the underemployment rate also increased to 11.4 per cent in September (3 pts higher than a year ago). “Even before the pandemic, underemployment in Australia was persistently high,” said Matt […]
The Australian Business Growth Fund (BGF) has been formally established, providing eligible Australian SMEs between $5 mn to $15 mn in long-term equity capital investments. Eligible SMEs include Australian businesses that “have generated annual revenue between $2 million and $100 million and can demonstrate three years of revenue growth and profitability, allowing for the impact of COVID-19 […]
Applications for Australia’s first Angel Investors and Entrepreneur Masterclass pilot program are now open. The WA Government, Generation One and Perth Angels have teamed up to fund a new pilot program to boost investment into Indigenous entrepreneurs and start-ups. Applications for the pilot program opened on the 15 October and close on the 29 October […]
Phase 2 of the Coronavirus SME Guarantee Scheme commenced on the 1 October 2020 and includes a range of new measures to support businesses applying for loans. We examine what the Phase 2 changes mean for your business and how you can apply. What is Phase 2 of the SME Guarantee Scheme? The Government has […]
Governor of the Reserve Bank of Australia (RBA), Dr Philip Lowe, made a speech this morning encouraging Australians to spend more money to assist the stimulation of the economy. The speech addressing the annual Citi Australian and New Zealand investment conference also outlined the RBA’s plans to raise the cash rate, saying it will not […]
Daniel Petre is a Founding Partner at AirTree Ventures, one of the largest venture capital funds in Australia. Prior to AirTree, he was the Founding Chairman of netus (a tech investment company), founded ecorp (Australia’s largest internet investment company) and managed both Australian and US development at Microsoft. We discussed his views on the mental […]
The pandemic has prompted an explosion of digital and global business services. Airwallex, an online business account for SMEs, has seen this surge in digital business first-hand. “A major shift in the way businesses operate from offline to online is something Airwallex predicted from our inception,” said Jack Zhang, CEO and Co-founder of Airwallex. […]
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 […]
We live in an age of belief-driven buyers. Increasingly, consumers worldwide are making purchase decisions based on the impact they have on the world and on their health, and are seeking help in making sustainable choices, according to Nielsen’s 2018 report, “The Evolution of the Sustainability Mindset.” And yet that belief is tested every day — from reports of […]
While all industries have had digital transformation plans in the pipeline, the coronavirus pandemic has accelerated shifts to digital ways of living and working. ATM withdrawals have rapidly declined, online food delivery rates have more than tripled, and specialist telehealth appointments grew more than ten-fold in the month of March in Australia. The push to digital ways of […]
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 […]
Understanding how to grow your business is difficult, however understanding how to grow your business beyond domestic borders can be even more daunting. As technology opens up a multitude of global partnership opportunities and communication channels, knowing where and how to start can be critical to your business’s success. This week we ask: ‘What are […]
Despite the majority of pandemic-induced job losses occurring in female-dominated industries, the Government has not delivered policies that support women and men equally throughout Australia’s economic recovery. The 2020-21 Budget announced a $240 million Women’s Economic Security Statement, however missed an opportunity to boost workforce participation and long-term productivity through childcare investment. A focus on […]
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. […]
Dr Farzaneh Ahmadi is the CEO and Founder of Laronix, an Australian stratup creating Bionic Voice: the world’s first smart, wearable (non-invasive), artificial voice box that gives people who have lost their larynx, their voice back. So far, Dr Ahmadi has raised over $1 million for Bionic Voice, and has guided the technology from inception […]
In a bid to weather the economic fallout from COVID-19, some businesses have asked their employees to take a temporary pay cut as a means of keeping the business afloat and keeping people employed. But is this actually legal? And what recourse do employees have if their employer does the wrong thing? Extraordinary times, extraordinary […]
