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Why banks are now chasing your SME clients
Australia’s big banks and non-bank lenders have a new focus: small business. This pivot is driving competition and improving access to finance for SMEs.
SMEs receive $2m worth of grants to improve natural environment
The latest round of funding is part of the Business Research and Innovation Initiative (BRII) in supporting the early-stage development of...
Create software-focused R&D tax incentive system: Kate Carnell
In a submission to the federal government’s Financial Technology Inquiry, Ms Carnell described the R&D Tax Incentive as unsuitable for...
Brisbane bakery penalised for withholding pay to teenage worker
T & Sons Pty Ltd, trading as Mount Ommaney Bakehouse, has been penalised $22,050 and its manager Ms Rosa Vo has been penalised a further...
More COVID grants for SMEs given tax-free status
Under the Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grant Programs) Declaration 2020, Mr Frydenberg declared...
AFCA raises monetary limits for small business finance complaints
AFCA recently adjusted its monetary limits for complaints, including: the maximum value of a claim for compensation AFCA can consider; the...
APRA data shows more SMEs ending deferrals on loans
Exits from deferral continued to outweigh new entries for the fifth straight month in November 2020, with $32 billion in loans expiring or...
Small business insolvency reforms now in effect
The reforms in the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 were announced as part of the delayed 2020–21 federal budget....
Businesses receive reduced JobKeeper payment to start 2021
From 4 January, eligible businesses receive $500 per week for each staff member working at least 20 hours per week, down from $600. Other...
SME lobbyists urge end of paper invoicing
The ATO, PwC and small business leaders Kate Carnell and Peter Strong are calling for a faster uptake sending digital invoices, with data...
Small business ombudsman backs JobKeeper extension
In a recent MyBusiness webcast, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, expressed hope that the government...
