Small Business
Companies that sign-up to the voluntary Australian Supplier Payment Code commit to not only paying small business suppliers within thirty days of receiving a correct invoice but also helping them implement technologies and practices to speed up invoicing. The code is an initiative of the Business Council of Australia (BCA), which believes that it will […]
Two decisions of the Fair Work Commission took effect on weekend – An immediate 3.3% increase in the minimum wage; and a staged variation in penalty rates under the Hospitality, Fast Food, Retail and Pharmacy Awards. The decisions do not apply to people employed under enterprise agreements or in other sectors (eg nurses, police, paramedics, […]
An increasing number of small business owners will complete their tax returns themselves this year, according to research undertaken by cloud accounting provider MYOB. The company’s June SME Snapshot revealed that 41% of owners plan to complete their own returns, up from 41% last year. John Moss, MYOB’s chief strategy officer told Dynamic Business that […]
Supporting female entrepreneurs means physically breaking the glass ceiling with a jackhammer, not just talking about it, writes Christie Whitehill, founder of the Tech Ready Program. Female entrepreneurs are fighting back. Over the last 10 years and more, the global economy combined with the progress of technology has fostered an extremely healthy environment for entrepreneurs […]
Most retailers regard and often treat their stocktake activities as a rather burdensome compliance process. However, stocktakes can boost marketing and supply chain performance and provide a regular barometer of business efficiency. That’s because stocktakes can – and should – generate a consistent flow of data about every aspect of the business. During the stocktake […]
With the end of the financial year almost upon us, now is the time to make the most of your tax planning. If you are like most business owners, chances are you are putting off thinking about your tax until after 30 June. However, you MUST act now. If you wait until after 30 June, […]
As the 2016-2017 financial year comes to an end, businesses are hastily tying up loose ends in preparation for the new financial year. Often employers can put themselves at risk when pressuring their employees to work extensive overtime to finalise projects, meet deadlines and finish annual reports before the end of the financial year. Employers […]
Getting paid: one of the toughest issues every small business owner faces. As if building a great reputation, creating a stellar client list and securing sales isn’t hard enough – sometimes weeks go by and business owners are still waiting to see the money in the bank. Last year, data from MarketInvoice highlighted Australia as one of the […]
To encourage employers to harness the skills of Australia’s ageing population, the Federal Government is providing a financial incentive to employers who engage and retain mature-age workers. Available through jobactive – the Federal Government’s $6.8 billion job placement program – the Restart wage subsidy entitles an employer to up to $10,000 for hiring eligible workers […]
Working with corporate and executive teams around Australia, we’ve noticed an interesting trend: increasing talk of ‘Boys Club’ culture’. With the multitude of media reports of late exposing sexism and harassment within Uber’s executive teams, leaders have reasons to examine their own company culture for anything untoward. Minor forms of exclusion can bubble beneath a […]
Are you across all of the changes and how they will affect your business before this financial year ends? As an owner of an SME, the onus is on you to make sure that your business is prepared. Here are my top tips to ensure you end the year on a positive note, rather than […]
The phrase ‘tax time’ can all too easily translate to feelings of boredom, dread and uncertainty for the small business owner. There’s the income tax return, BAS, payroll tax, super, and more. However, instead of viewing the annual marker as a time-sapping and difficult box-checking exercise, it should be seen as a spring board to […]
Outsourcing your manufacturing tasks can be a great decision. You can save money, become more competitive, and focus your attention on other tasks such as developing new products—so it can be a very smart move. But it does not always go smoothly. In fact, there are a number of mistakes you can make that can […]
Gone are the days where Australia was synonymous with barbecues and the dubious delights of Vegemite, as the nation has a food scene that’s undergone a startling transformation in the past ten years. With a freewheeling approach that takes in the best of global cuisine trends with a flexible take on everything from fine dining […]
If you keep yourself updated in the retail game, it shouldn’t be news to you that American giant Amazon is going to cross into Australian borders with the speculation of destroying Australian retailers [1]. For any small business owner, the thought of a radical change in competition is frown worthy. It goes without saying that […]
Moving any sort of heavy equipment is a challenge that needs careful planning and the right resources if it is going to be achieved successfully. Here is a look at how to find the right partner to help you achieve your aim and work out a logistical solution that helps you transport your items safely […]
Just as Australia’s population is ageing, so too is the nation’s workforce, with an increasing number of workers seeking to remain in employment longer. According to Susan Ryan, who was Australia’s Age Discrimination Commissioner up until 2016, this is a huge opportunity for employers. ‘Good business sense’ Tapping into this growing talent pool, Ryan explained […]
Since launching in July 2015, the Federal Government’s employment services program, jobactive, has helped employers from across Australia recruit more than 400,000 suitably skilled workers. The popularity of jobactive with employers is attributable to the range of services, available through the program, that make it cost-effective and hassle-free for businesses, especially SMEs, to recruit staff who […]
More than half a million small businesses stand to benefit from tax cuts included in the 2017-18 NSW Budget, according to Treasurer Dominic Perrottet. In a statement, released yesterday, the Treasurer announced: “From 1 January 2018, the NSW Government will abolish insurance duty for small businesses on commercial vehicle insurance (including aircraft), professional indemnity insurance, […]
If you own or operate a business, there’s a good chance that you’ve tried to think of every conceivable thing you can to protect that business so it can grow and make more money each year. You’ve thought of all the marketing and budgeting concerns, you know how to attract customers and hire the best […]
