Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), urged senators to pass the Australian Business Growth Fund Bill on Wednesday. Ms. Carnell explained that the bill would significantly encourage growth and promote economic expansion for small and medium-sized businesses around the country. “We strongly support the investment by the Commonwealth in the […]
The Seabin Project, an Australian ocean-cleaning startup, has raised more than $1,000,000 through crowdfunding since the launch of their new ‘Public, for Purpose’ campaign. The campaign is being hosted on the equity crowdfunding platform Birchal and has amassed over 660 public shareholders in just four days, with more than 1000 investors onboard at the time […]
Prushka Fast Debt Recovery has revealed, through data sourced from court records, that 953 businesses issued Notices of Winding Up Application during the Oct-Dec quarter. This figure increased 5 per cent compared to the July quarter, and by 6 per cent year-on-year. The Australian Taxation Office continues to be the largest petitioner, with ATO and other […]
By Anna Crabb, General Manager of B Lab Australia & New Zealand “Australia is at risk of falling into a slow decline if no action is taken”. This is the stark warning from the recently released groundbreaking Australian National Outlook report from CSIRO and NAB, which draws on leading experts and extensive data analysis to forecast […]
A new financial year plan can make all the difference for your SME It’s never-ending for business owners: if it’s not BAS time, it’s EOFY, then the cycle starts all over again. With the EOFY rush receding, July as the first month of the new financial year is a great time to take stock. Scottish […]
New research reveals that one in two SME owners haven’t taken a break from their business in over six months. 49% of SME owners haven’t had a holiday in the last six months. Over one in four (26%) haven’t had a break for at least four years. One-third (30%) of SME owners have no plans […]
Small business owners are encouraged to get on board with a new ‘Single Touch Payroll’ system that comes into effect from today for employers with less than 19 employees. Minister for Finance and Small Business Damien Tudehope said the NSW Government had been helping businesses prepare for Single Touch Payroll with workshops through its Business […]
Byline: Scott Crosby, CEO, Upstream The merit in going paperless for small and medium businesses (SMBs) is clear: digitally stored documents, information, and files save businesses time, money, and resources. SMBs are increasingly taking up document management technology to better manage their finances, customer data, and employee details, leaving behind the physical paperwork proven to hold […]
A new report from Xero, the global small business platform, reveals for the first time the magnitude and impact of late payments to Australian small businesses, putting the value of outstanding, late payments at $115 billion a year. The research finds that half of all trade credit invoices are paid late and that solving the […]
By Lionel Legros, Asia-Pacific Director at OVH We are living in an era of cloud adoption. A 2019 study on Australia’s cloud market reveals that cloud Infrastructure-as-a-Service (IaaS) is growing considerably, with market spend expected to reach $1.3 billion by 2022. Yet despite this growth and a growing awareness of the benefits of the cloud, providers […]
