Tag: Sole Traders

New Hnry data reveals self-employed Aussies’ income growth has stagnated, but optimism reaches a new high as RBA holds cash rate

Small businesses and not-for-profits in NSW are now able to apply for rebates of up to $1,500 thanks to a new rebate scheme aimed to offset NSW and local government fees.

The Victorian government have announced a $100 million support package for sole traders to recover from COVID-19, one day after revealing plans for $3 billion in cash grants and tax relief for SMEs. The announcement that grants of up to $3,000 will be offered to 30,000 individuals comes after Premier Daniel Andrews on Sunday promised […]

Last week we brought attention to the fact that sole traders had been missed out in the first stage of the stimulus package put forward by government during the COVID-19 pandemic.  The Small Business and Family Ombudsman, Kate Carnell, called for more support for businesses that do not employ staff, saying they needed “income support […]

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has written to Prime Minister Scott Morrison, requesting support for Australia’s small business sector, including the nation’s 1.4 million sole traders. Read up on: COVID-19 economic plans and the government’s stimulus package. “The COVID-19 driven downturn is already taking an unprecedented toll on the Australian small business […]

When you’ve worked hard to build your business, you want to ensure that when the time comes to transition out of it, it’s passed on in the way you’d like. For sole traders, the greatest succession threat that must be managed is key man risk. Here’s how to do it.

Yesterday I heard about a Christmas celebration for sole traders – Jolly Solo in NSW. What a brilliant idea! It actually got me thinking and, sobering as it might be, reminded me that for some, running a business can be lonely.