News
MYOB has rated the Federal Government’s 2016 Budget a 9/10 for its positive impact on Australian Small and Medium sized businesses – saying the initiatives are welcomed but could have gone further and faster. MYOB congratulates the Federal Government on again recognising the power of SMEs in driving the Australian economy especially as it transitions away […]
NSW Business Chamber supports the 2016 budget stating that small and medium businesses across NSW have been given the opportunity to grow, innovate and employ more staff as a result of a supportive 2016-17 Federal Budget released by the Turnbull Government. NSW Business Chamber CEO Stephen Cartwright said, “For some time we have been articulating […]
StartupAUS, Australia’s peak advocacy group for startups, welcomed support for Fintech and expansion of the New Enterprise Investment Scheme (NEIS) in the Federal Government’s 2016 budget, but CEO of StartupAUS Alex McCauley believes that overall this budget was a disappointment for startups with few advances on previous measures. McCauley says this budget was a chance for the “Government […]
Today is the international day to celebrate workers – a day created in 127 years ago in the Netherlands to rally workers in support of 8-hour work days. Traditionally workers across the globe take to the streets in the call for better wages and job conditions. While May day celebrations, or Labour Day, are a […]
With three business days remaining before the the Federal Budget is announced, small to medium business owners have voiced a united desire for company tax rates to be reduced, according to the latest MYOB Business Monitor. The MYOB survey of more than 1,000 Australian SMB owners found that 60% of SMEs agreed that company tax rates should be reduced, […]
The definition of a small business has been further clarified in legal terms in a decision by Fair Work Australia that could have ramifications for small business owners across the country. The South African owners of a Perth-based garden statue business, Gardens of Italy, were taken to the Fair Work Commission over the alleged unfair […]
Calls for the company tax rate to be cut in the budget is a perennial issue, and one that small business inevitably weighs in on. There have been calls for small business to benefit from a lower tax rate for decades. In the three major tax reviews conducted since the early 1970s, (Asprey, Ralph and […]
It’s a little bit AirBnB, a little bit Uber – and if things go well, maybe even a little bit Tinder. A new Sydney-based platform called WelcomeOver is aiming to capitalise on the burgeoning share-based economy by bringing together strangers for dinner. Behind the new platform is a mixed young crew comprising Nelson Higalgo, […]
An increasingly favourable Indonesian investment climate offers growth opportunities for Australian exporters, according to new analysis from Efic. Jokowi’s reform drive buoys Indonesia’s investment climate Indonesia’s investment climate has benefited from 11 wide-ranging reform packages introduced by the government since September 2015. “This renewed reformist zeal has boosted market sentiment and will aid new efforts […]
They’re usually thought of as being digital natives, but a new report has found youth workers actually lack the enterprise skills needed for the modern workplace. According to a new report released by the Foundation for Young Australians, key enterprise skills including problem solving, digital literacy and financial literacy are in short supply. Part of […]
It’s hard to disagree that the 2015 budget wasn’t a cash cow for small business. Across Australia some two million businesses cashed in on $5.5 billion in tax breaks as the government attempted to stoke the home fires of the economy. The key prize allowed small business to claim basically any item needed for the […]
With a reputation for being the most smallest, most mobile and most affordable way for small business owners to accept credit cards, Square Reader is now available across Australia. Launched in March, Square Reader has been adopted by small and micro business owners who are using the innovative new business tool to accept Visa, MasterCard and American Express […]
Just when the Australian dollar is starting to bounce back against the US dollar after dipping last year, the local market is now being hit by the fluctuations in the Chinese economy. This has knock-on effects for Australian businesses. As Australia’s largest trading partner, China’s economic troubles is putting some pressure on the insolvency landscape, […]
With the release of the new “innovation” package by the Federal Government, an increasing amount of people are considering starting up a new business. However, before you get too carried away, it’s important to ensure you stay on the right side of the law. Here are my 5 top legal tips for any start up: […]
South Korea is one of Australia’s closest economic and trading partners, and with its high-income economy, there is a strong market for Australia’s high quality goods and services. For Australian SME exporters thinking about entering the South Korean market, it is important to first identify the opportunities for your business and any potential risks. Opportunities […]
You want to grow your business but you’re struggling. Perhaps you’re out of ideas, or the ones you have are stale, and you’ve got a limited marketing budget. One option, which can be a win-win-win in terms of exposure, partner and customer relations, is to hold an event. Not only does it get your brand […]
Australia’s national peak advocacy group for technology entrepreneurship, StartupAUS, has outlined its Federal policy priorities to improve capital and talent for Australian startups and strengthen economic prosperity. The recommendations were presented to The Hon. Christopher Pyne, Minister for Industry, Innovation and Science last Friday 9th October at a special board meeting. Policy action items recommended […]
A survey of over 1,200 businesses across Australia has revealed that 45 per cent of businesses are more confident under Prime Minister Malcolm Turnbull’s leadership with only 11 per cent reporting to be less confident. The report, produced by local services marketplace ServiceSeeking.com.au represents the largest insight into business confidence and economic sentiment this quarter. […]
Research findings released today have shown that smaller Australian businesses value innovation more than larger businesses. The results, revealed by the Commonwealth Bank Business and Innovation Study, also showed that roadblocks to innovation include a lack of ideas, time and resources, business partners who are all talk and no action, and a lack of data […]
An ATO pilot program – the external compliance assurance process – that allowed taxpayers to self assess has been named success and could be rolled out more widely. According to a Fairfax report, the program involving 56 companies with an annual turnover between $100 million and $5 billion, allowed the choice of using a registered […]
