NSW unveils business-focused budget

NSW unveils business-focused budget

The NSW government has announced a $1 billion Working for NSW Fund to sustain businesses, create cash flow and retain employees across government and non-government businesses. Over $6 billion will go towards waiving or deferring taxes, fees and levies, including...
Mental illness cost to economy placed at $220bn annually

Mental illness cost to economy placed at $220bn annually

The report revealed that in 2018–19, the annual cost to the economy of mental ill-health and suicide in Australia was estimated to be up to $70 billion. Within that $70 billion figure, direct expenditure on mental healthcare and support services would be in the order...
Why SMEs should care about the Consumer Data Right

Why SMEs should care about the Consumer Data Right

Data seems to hold more power and influence than ever. Much of that data is held by big institutions, whether that would be big tech, the big banks or the major utilities. Small businesses needing financing, a decent IT setup or an affordable electricity plan would be...
The insolvency tsunami

The insolvency tsunami

NOTE: This feature was written before the federal government extended temporary insolvency and bankruptcy protections until 31 December 2020. Due to the extension, the number of “zombie” companies can be expected to rise. Small-business owners all over the country...