News

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 […]

With the Australian Government putting pressure on small businesses to digitise amidst the COVID-19 recession, more SMBs are looking for support to build an online presence.  AppsVillage (ASX: APV) creates mobile apps from SMB Facebook and Instagram pages. The apps created using the tool aim to assist businesses to interact with their customers, and create […]

The results of an Atlassian study examining how working remotely has impacted knowledge workers during the COVID-19 pandemic provides valuable insights into how to lead a fragmented workforce. The three-monthly long global study, which surveyed over 5,000 employees, found an employee’s readiness for remote work was based on three key factors: Household Complexity – the […]

As we continue to navigate the impacts of the global pandemic, Export Finance Australia is supporting Australian businesses with access to finance.  Without a doubt, new challenges have emerged – from difficulty in fulfilling international orders to the loss of a steady customer base. As a result, many exporting or supply chain businesses need additional capital to help them stay on top of […]

Five Australian startups have been shortlisted from a record number of international applicants to participate in FoodBytes! Virtual Pitch 2020, Rabobank’s global food and agri startup discovery program. The Australian-based companies are among 45 food and agri startups, from across 14 countries shortlisted from 340 applicants from around the world. Successful applicants will become a part of […]

Business investment is a key theme in the 2020-21 Budget. Treasurer Josh Frydenberg announced tax changes that are a “game changer” in the way Australian businesses manoeuvre out of one of the worst recessions on record. These changes hope to incentivise capital expenditure and support businesses to offset losses that have been widespread during the […]

Guest authored by Sam Allert, CEO of Reckon With 23 per cent of small businesses concerned they won’t exist this time next year without Government support, there were many eager business owners waiting to hear what the Budget delivered on Tuesday evening. A pre-budget survey conducted by Reckon interviewed over 1000 small businesses and found […]

The business tax changes under the 2020-21 Budget have been met with positive feedback from professional accounting bodies and tax experts. Two of the key announcements under the Government’s business investment strategy are the immediate expensing and loss carry-back provisions for businesses with an annual turnover of up to $5 billion. Under immediate expensing, businesses […]

In what is being dubbed the “jobs budget” the 2020-21 Budget was the opportunity for the Morrison Government to lay out the blueprint for a post COVID-19 economic recovery. Whilst the Budget will land Australia in a $214 billion deficit, the startup sector has seen fruit from the plan, with many measures put in place […]

Last night, the Government announced a $2 billion investment into Research & Development Tax Incentives (RDTIs), scrapping a previously proposed $1.8 billion cut and a $4 million tax refund cap. The changes will apply from 1 July 2021 and will support more than 11,400 companies that claim the RDTI. In addition to the $2 billion […]

The 2020-21 Budget delivers the biggest Australian deficit since World War 2. The Government’s fiscal stimulus of $51 billion during the GFC pales in comparison to the $257 billion in spending unveiled by the Treasurer yesterday. We asked leading Australian economists for their first impressions on the budget and how it affects business investment in […]

Businesses are praising the decision from the Morrison Government’s 2020/21 Budget to invest $800 million into helping SMEs adopt new technology. On Tuesday night, Federal Treasurer Josh Frydenberg presented the Government’s economic roadmap out of the COVID-19 recession. The budget sees $800 million aimed at improving access to digital services for businesses, to “further drive […]

The Government has unveiled the JobMaker Hiring Credit to incentivise businesses to hire young job seekers over the next 12 months. It is expected to create around 450,000 positions for young Australians and cost the Government $4 billion from 2020-21 to 2022-23. What is it? From tomorrow, eligible employers will be able to claim $200 […]

The Government has enhanced instant asset write-off rules to support businesses investment, lowering taxes by an estimated $3.2 billion over the next two years. Businesses with an aggregated annual turnover less than $5 billion The Government will support businesses with aggregated annual turnover of less than$5 billion by enabling them to deduct the full cost […]

This year, Australia will see a $213.7 billion deficit. “Our economic response has come at a significant cost,” said Treasurer Frydenberg in his address on Tuesday evening. The deficit is expected to fall to $66.9 billion by 2023-24. Net debt will increase to $703 billion (36 per cent of GDP this year) and peak at $966 billion (44 […]

This evening the Federal Budget will be announced by Treasurer Josh Frydenberg in Parliament House in Canberra. Having been deemed by Prime Minister Scott Morrison the “most important budget since World War II”, the Government will this evening lay out their plan for economic recovery from the recession created by the COVID-19 pandemic. Follow the […]

The Reserve Bank of Australia (RBA) has kept the official cash rate at a steady, unprecedented low, as the Australian economy continues its slow recovery from the COVID-19 recession The RBA has decided to maintain its cash rate target at 0.25 per cent, on the day the Australian government is due to unveil the long-awaited […]

With the announcement of the Federal Budget looming this evening, start-up executives are calling for more money to be invested into growing new companies, and policy surety in regards to the R&D tax incentive. Nick Northcott, the Executive Director of legal tech startup Immediation, has said that in order for startup businesses to gain traction […]