TOPIC
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.
Business will not go back to ‘normal’, Carnell says
Customer expectations have drastically shifted as a result of the coronavirus crisis, Kate Carnell, the Australian Small Business and Family...
ATO reveals key support measures that will kick on in 2021
It’s been a big year for business and while the government has extended a plethora of support, the Australian Taxation Office (ATO) recognises...
ATO details what businesses need to know about JobKeeper changes
Speaking exclusively on the MyBusiness webcast, ATO deputy commissioner James O’Halloran reminded businesses of the changes in the JobKeeper...
$60bn JobKeeper overestimate labeled ‘lost opportunity’ to expand scheme
The federal government originally forecast the JobKeeper program to cover about 6 million people at a cost of $130 billion. However, the...
Favourable payment data leads to call for more stimulus means testing
The latest CreditorWatch Business Risk Review showed that debtors took, on average, 33 days to pay their bills in November, versus 16 days in...
Small business coronavirus grants now tax-free
The changes to the income tax law apply to the 2020-21 income year and later income years under the Treasury Laws Amendment (2020 Measures No. 5)...
Report finds advisers have been a saviour for SMEs during COVID
Almost 54 per cent of the 1,252 small businesses surveyed had turned more regularly to their advisers in 2020 (on average 13.3 times each...
40% of small businesses pivoted during pandemic: ASBFEO report
The ASBFEO’s Small Business Counts report gives a statistical overview of small business performance in Australia, using the latest available...
‘Credibility undermined’: ASIC cops parliamentary blasting
Tabling its report on ASIC’s 2019 annual report, the House of Representatives standing committee on economics chair Tim Wilson said confidence in...
Reforms to small business insolvency pass Parliament
The reforms stated in the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 were announced as part of the delayed 2020-21 federal...
