Tag: Xero

Xero’s November Small Business Index shows SMEs have beat the lockdown blues as sales boom.

Data released last week by Xero produced as part of its small business index shows SMEs continue to struggle through lockdowns. The data shows small businesses are performing below average, containing the downwards trend from July.   Sales in small business Despite Australia’s two most populous states being in lockdown, sales numbers grew over August compared […]

Data from July released by Xero shows lockdowns are hurting small businesses sales, employment and cash flows.

Data released today from Xero and AlphaBeta (part of Accenture) show that the continued recovery of small businesses has lifted jobs to pre-pandemic levels and reveal year-on-year revenue growth for 6 consecutive months. “Our Xero Small Business Insights analysis for November paints a pleasing picture of the sector’s continued recovery,” said Trent Innes, Managing Director […]

As we enter the new financial year, it’s clear the challenges of COVID-19 will be with us for at least several months more. Fortunately, there are technology solutions that can help small business during this difficult time. They can boost the likelihood of being paid promptly, reduce the compliance burden of tasks such as JobKeeper, […]

The Payment Times Reporting Bill aims to address late payments and the consequential struggle with cash flow, which is an ongoing problem for Australia’s 3.4 million small businesses, with the negative impacts spreading widely across the broader economy with juggling suppliers. Paying small businesses late creates a back log effect. The Government has been prompted […]

Founded five years ago by Ainsley Johnstone and Natalie Firth, Think Talent is a modern executive recruitment agency that connects Australian and international organisations with top talent across Technology, Marketing & Digital and People & Communications markets.  Growing from a team of two to 12, their success in part is due to enterprise clients wanting […]

Now that Single Touch Payroll (STP) has been live for over half a year, we wanted to know – from the perspective of small business owners themselves – how the system is benefitting businesses. Dynamic Business has covered the roll out of Single Touch Payroll extensively, including a podcast with the ATO’s Jason Lucchese last […]

Only a few big businesses, such as Telstra and Rio Tinto, have done ‘the right thing’ according to Australian Small Business Ombudsman Kate Carnell, in terms of addressing late payments. Late payments is a huge problem for the Australian small business community, with a Xero report last June (2019) citing a loss of $7 billion per […]

A new survey from Xero, the global small business platform, has revealed a disconnect between small business owners and politics, with a whopping three in four (75 per cent) unable to name the Federal Small Business Minister, and 15 per cent unable to name the Prime Minister. Despite many not being able to name key […]