Rob Lamers explains smart business practices in times of high inflation and rising interest rates. It’s clear, from the Reserve Bank’s recent blunt statement on the need to rein in inflation, that monetary policy will be tighter in the period ahead, leading to further rate rises and a leaner cash economy. In this environment, smarter […]
ANZ Small Business Specialists now available through any ANZ branch At ANZ, we support small business and understand that people who work for themselves need banking arrangements that are flexible enough to keep pace with their changing needs. That’s why we now have dedicated Small Business Specialists available through any branch. Better still, we’re opening […]
The recent share market downturn is likely to force many SME owners who are approaching retirement age to seek higher prices when selling their businesses to compensate for the reduced value of their superannuation investments. With the share market still uncertain and super funds likely to achieve only single digit growth in the year ahead, […]
There is a lot of hype in the market now about Web 2.0, the use of Wikis, Facebook and blogs and how they can help businesses gain a significant competitive advantage. While all these are great from a knowledge sharing perspective, they can add to the information overload that many business owners face today. As […]
A huge export order that could transform your business, comes in. Are you ready for the financial and other radical challenges? Here’s some advice on how to find and manage finance to meet significant export opportunities. If you’re a small to medium-size enterprise with innovative products and services, you could win an export order that […]
Any business owner involved in sending/receiving products relies on an intricate chain of supply. The good news is, some solid programs are in place to improve efficiency and reliability. If you’ve been shopping online lately, you may have been using a computer assembled in Taiwan with Irish-built processors and running software developed in the US, […]
Do you know your payroll tax rights and obligations? We take a look at crucial clauses. Payroll tax is a state and territory tax levied on wages paid by employers to their employees unless a relevant exemption or exclusion is applicable, although these and other features of the tax can vary across the different jurisdictions. […]
There are still a number of ways that people can reduce their taxable income before the end of the financial year. For instance, if your spouse is on a lower tax rate, they should hold income-producing investments. Other tips include: Salary sacrifice A salary sacrifice arrangement can help reduce taxable income but must be put […]
Managing a fleet of cars goes beyond just the car itself. We sift through some of the tools needed to build an efficient fleet, and save on the price. Fleet management is not easy for small and medium businesses, especially when competing with the big end of town. But tools such as electronic logbooks, driver […]
Federal Government departments and agencies will be required to pay small business suppliers within 30 days, according to AAP reports. This is nearly half the current payment period. Small Business Minister, Craig Emerson, said penalties and interest will apply to late payers. “We will legislate for this in due course,” he says. The move aims […]
