News
The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that […]
Small business council (COSBOA) launches ‘Fair to Small Business, Good for Everyone’ campaign With the Federal election looming, the Council of Small Business Organisations Australia (COSBOA) has launched a campaign; Fair to Small Business, Good for Everyone, which is calling for Governments to employ sensible policies to help small business people to get back to […]
These Aussie start up founders share their thoughts on the Federal Budget reveal earlier this week, giving us an insight into how SMEs are going to be affected – the positives and the negatives. Carl Hartmann, Co-founder at ShortLyster “The part of Mr Frydenberg’s speech most relevant to the startup sector was his […]
We like what we see, but turn words into action to benefit small business MYOB commends the Federal Government for returning the budget to surplus and for highlighting the importance of small business to the economy. MYOB particularly welcomes increasing the instant asset write-off to $30,000 and raising the threshold to $50 million. One of […]
The budget, which was revealed at 7:30pm yesterday, sees an increase in the instant asset write-off threshold to $30,000, lower tax rates and an easier tax dispute service for small business, as well as other conditional plans that could benefit SMEs. The new budget would mean that the instant asset write-off threshold would increase to $30,000; there […]
With the federal budget announcement later today and an election on the horizon, a national survey reveals clear expectations of what the government should prioritise for the small to medium business sector. SME Growth Index research released yesterday shows the priorities of SMEs in regards to what the new Federal Parliament should focus on – and company tax cuts was the top response. […]
Sam Allert, Reckon Group CEO, shares his thoughts on the impacts of the expected federal budget announcement this evening. General Outlook “Our survey uncovered that 65 per cent of small business owners do not believe this year’s Federal Budget will deliver positive change for their business, suggesting that they have been disappointed by budget announcements in the past. “As a result, many are […]
The accounting app Xero share their Small Business Insights with us to shed light on what small businesses should be aware of, which is now made especially relevant with the federal budget announcement later today. The anonymous and aggregated data is collected monthly from hundreds of thousands of Xero’s Australian subscribers through the Xero platform. […]
A new food ordering app called YQueue is set to launch on the Gold Coast in May. The recent start up has seen a successful first launch in Singapore and now the founder George Lim looks to recreate that success in Australia. YQueue has been designed with the local food and beverage merchants in mind, […]
Female only co-working space One Roof has secured investment from female investors to secure their next premise in Melbourne. Sheree Rubinstein, CEO of One Roof, set up the company with the inspiration to help women succeed in business and address the gender gap in entrepreneurship. After major success as a simple pop-up using an Airbnb […]
The Telecommunications Industry Ombudsman is pleased to announce the formation of a Small Business Team, commencing 1 April 2019 In the 2017 to 2018 period, complaints from small businesses increased 8.7 per cent to a 20,433 total. This increase was largely driven by issues including no action or delayed action by their service provider to resolve their […]
Leading food company Deliveroo has announced a partnership with Melbourne-based Hospitality and Retail API Platform Doshii to streamline processing orders for restaurant partners. Restaurants who partner with Deliveroo will be able to utilise the Doshii API (Application Programing Interface) to connect customer ordering direct to their in-store point-of-sale (POS), eliminating the need for restaurants to manually […]
Online lender and invoice finance solution company, Waddle, yesterday announced it has secured AUD$4 million in Series A funding. The funding round was secured from experienced technology investor, Allectus Capital Limited (Allectus), and will be utilised to aggressively scale the platform in Australasia and accelerate the integration of Waddle’s global financial services partners. The raise […]
Minister for Primary Industries, Niall Blair has welcomed the move by Coles and Aldi to raise their milk prices to help support our State’s dairy farmers. “This is a great start for dairy farmers who have been struggling with the impacts of $1 a litre milk since 2011 and who are now facing added pressures […]
A recent study has revealed that 19 per cent of Australian small business will delay hiring staff until after the Federal Election as fear mounts over the impact of election policies on operations. According to new survey results in the Westpac Small Business Report in collaboration with Deloitte, small businesses are delaying critical decisions such […]
A fresh milk crisis taskforce will be established to help Australian dairy farmers who are doing it tough in drought ravaged towns. The Fresh Milk and Dairy Advocate will lead a dedicated Dairy Business Advisory Unit within the Department of Primary Industries, which will focus on driving demand for NSW milk through a marketing campaign, […]
Australian businesses are encouraged to begin training human resources professionals in modern slavery compliance in preparation for the lodgement of their first reports in June 2020. Accredited workplace relations specialist and Rigby Cooke partner, Rob Jackson, said HR professionals had a pivotal role to play in modern slavery compliance in all Australian businesses. “Training in […]
Over two-thirds (71 per cent) of small business owners say the federal government is not doing enough to support them, in a new study by accounting software provider Reckon (ASX:RKN). Government red tape is considered the biggest obstacle to creating a start-up in Australia, with over half (52 per cent) of SMBs agreeing. The survey, which […]
Students at Melbourne’s Swinburne University of Technology have an opportunity to participate in Microsoft’s pilot employability skills program, designed to equip students with the skills and talent required for high-demand technical roles. The pilot program seeks to address projected workforce shortages in new technologies, including AI, cybersecurity, data science and computer science, as the ‘gig […]
Passionate women’s rights advocate and journalist Tracey Spicer AM has been named 2019 NSW Premier’s Woman of the Year – the top honour at the NSW Women of the Year awards. Ms Spicer accepted the award from Premier Gladys Berejiklian and Minister for Women Tanya Davies at the WOTY Awards ceremony in Sydney today. “Tracey […]
