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KEY FACTS Single Touch Payroll (STP) When: 1 July 2018 By: Australian Taxation Office For: Employers with 20 or more employees *The STP will apply to employers with 19 or less employees from 1 July 2019 – subject to parliament Time is well and truly ticking as the countdown begins for larger businesses in Australia […]
Global demand for NSW exports has put the ‘First State’ in the lead with $35.7 billion worth of Australian services exported last year. NSW contributed 52.3 per cent of the total Australian growth in services exports, which highlights the NSW Government’s success in creating an entrepreneurial business environment. Minister for Trade and Industry Niall Blair […]
Do we always know when companies collect personal information about us? When we choose to provide personal information, do we know how it will be used and stored? Often we do not. The scale of the problem of improper data collection was illustrated by recent revelations that Cambridge Analytica, a research and marketing firm, likely […]
Online purchases continue to grow with more Australians shopping online than ever before. New research from Australia Post indicates total purchases topping $21.3 billion for the first time, a 18.7% increase compared with 2016 with local retailers accounting for more than 80% of the total spend. Australia Post today released its annual Inside Australian Online […]
MYOB has teamed up with BPAY to offer a new invoice payment method, which was rolled out to MYOB customers last week (May 15), allowing businesses to get paid up to four times faster. MYOB Head of Product Marketing, Kim Owen-Jones said that giving customers the choice of BPAY as a payment method would provide […]
An integrated cloud-based business platform will revolutionise and simplify accounting, payroll, banking and daily operations for Australian small and medium businesses from July 2018. Combining the business expertise and software development teams of KPMG Australia (business advisory), CBA (banking) and Microsoft (technology platforms), Wiise is targeting SMEs that see themselves as having more complex needs […]
In this article, we look at the key take-aways from this year’s Federal Budget for Australia’s small businesses and startups. In addition, readers will discover how dozens of thought leaders responded to this week’s “Let’s Talk…” question, which asked them to weigh-in on the budget – was it a win for businesses, a missed opportunity… […]
Ahead of tonight’s Federal Budget announcement, startups have urged the Turnbull Government to facilitate better access to finance for small businesses, extend the instant asset tax write-off scheme, better support startups with global ambitions, implement sharing economy regulations, expand the R&D tax incentive and incentivise early stage investments. Beau Bertoli (Prospa), Tim Bos (ShareRing), Mike […]
Ahead of the 2018-19 Federal Budget, which will be released on Tuesday (8 May), Dynamic Business spoke to a cohort of business leaders about the measures they hope to see from the Turnbull Government. In this article, the second in a two-parter, Julius Wei (BMYG), James Lynch (CastleCoin), Michael Jankie (PoweredLocal), Trevor Townsend (Startup BootCamp), […]
Ahead of the release of the 2018-19 Federal Budget on Tuesday (8 May), Dynamic Business spoke to a cohort of startup advocates about the measures they hope to see from the Turnbull Government. In this article, the first in a two-part series, Sarah Moran (Girl Geek Academy), Beau Leese (Intersective), Mick Spencer (ONTHEGO), Bridget Loudon […]
The permanent continuation of the $20,000 instant asset tax write-off scheme for businesses with up to $10million in annual revenue tops the Federal Budget wish list of Australia’s SMEs, according to research undertaken by MYOB. Originally set to conclude after 30 June 2017, the scheme was extended until 30 June 2018 by the 2017/18 Federal […]
An online tool designed to make it easier for small businesses to apply for a trademark and secure a brand name has been launched by the Australian Government agency responsible for administering IP rights and legislation. Trade Mark Assist, unveiled today by IP Australia, helps users to: check whether their proposed trade mark complies with […]
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has released a position paper identifying ways to reduce the complexity of the workplace relations system for small businesses. “We have had significant consultations with small businesses over the last two years and the overwhelming view is the legislation is far too complicated for the […]
Sole traders and micro businesses operating in Australia’s tried and tested’ trades-based industries are enjoying the most growth and the greatest financial returns, according to data released by fintech startup Invoice2go. The Most Lucrative Industries for Australia’s Small Businesses list was compiled by aggregating annual invoicing activity of more than 23,000 Invoice2go mobile app users. […]
Sydney deep tech incubator, Cicada Innovations, has been named ‘Top Incubator in the World’ by global peak industry association for entrepreneurship programs, the International Business Innovation Association (InBIA). [Related: Now that more capital is available to deep tech startups, they need better access to makerspace: Cicada Innovations’ CEO] Finalists were selected from over 2,200 InBIA […]
“Repeat business is both an honour that confirms you’re doing something right, and a reminder to push yourself to keep serving the people who love what you’re doing,” says entrepreneur Kyla Kirkpatrick. Here, she shares her secrets to earning repeat business. It has been 10 years since I started The Champagne Dame and I am […]
A Federal Government review of auDA – the not-for-profit organisation responsible for administering the .au domain – has found its management framework is “no longer fit-for-purpose” and requires urgent reforms to meet the needs of Australia’s internet community. The review, undertaken by the Department of Communications and the Arts, outlines 29 recommendations for the auDA […]
Gender equality startup WORK180 has secured $1 million from seed investors including Skip Capital – the private investment fund of Atlassian Co-CEO Scott Farquhar – to fuel the international rollout of its unique jobs platform. WORK180 (formerly known as DCC Jobs) was launched in 2015 by co-CEOs Gemma Lloyd and Valeria Ignatieva to disrupt the […]
Sydney is the number one location in the Asia Pacific for startup founders to connect and building strong relationships, the results of a global startup survey show. [Related: “Huge coup for Sydney” – $35m startup hub to host exclusive Microsoft accelerator program, The NSW Government is launching a $35 million innovation hub; the startup […]
Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has encouraged business owners to urgently contact her office if they have experienced “heavy handed tactics” by the Australian Taxation Office. The Ombudsman, together with the inspector-General of Taxation Ali Noroozi, has been directed by the Treasury to examine cases of unfair conduct the ATO. The investigation, […]
