New export initiative to boost SME growth

New export initiative to boost SME growth

Announced in the 2018-19 budget, the government’s SME Export Hubs Initiative will fund successful applicants to develop local and regional hubs that will help local businesses begin to export. The program will fund new and existing export hubs in the priority growth...
Fintech lending guide to aid small business

Fintech lending guide to aid small business

The guide, Borrowing from fintech lenders, is a joint project between the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and SME finance expert Neil Slonim from theBankDoctor.org.The release of the guide is a follow-up to the Code of Lending...
It’s time to refine crowd-sourced equity funding

It’s time to refine crowd-sourced equity funding

We thought it would become a serious alternative to traditional forms of capital raising like IPOs and venture capital investment. New Zealand and the UK have thriving crowdfunding scenes and many predicted that Australia would follow suit. In anticipation, innovative...
Undeclared cash income in ATO sights

Undeclared cash income in ATO sights

The ATO said it is on a mission to recover an annual tax shortfall of almost $1.4 billion caused by individuals who leave income out of their return. According to assistant commissioner Kath Anderson, some Australians don’t realise they need to report all their cash...
Software fraud addressed in black economy laws

Software fraud addressed in black economy laws

Under the Treasury Laws Amendment (Black Economy Taskforce No. 1) Bill 2018, penalties will be introduced for the production, supply, possession or use of software that understates sales and income, Treasurer Josh Frydenberg said in a statement.The penalty for the...