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.
‘Fallacy to think that a system can automate payroll’
Speaking to Accountants Daily, Australian Payroll Association chief executive Tracy Angwin said the recent spike in businesses discovering...
Risks as founders borrow from company coffers
"Basically liquidators view loan accounts like cash at the bank, and say 'give me the money'. We're seeing this situation more and more," partner...
SMEs ‘underestimate’ GST as half self-lodge BAS
Business owners typically rely heavily on tax practitioners to comply with their income tax obligations, with over nine in 10 businesses using a...
Alarm bells as insolvencies, payment defaults spike
The firm said in its Q3 Small Business Risk Report — which it said uses official data from 26 different sources, including ASIC, debt collectors...
Making life better for small business
This includes the importance of MSMEs in promoting innovation, creativity and ‘decent work’ for all, as well as achieving the goals of the 2030...
Government to pay e-invoices within 5 days from 1 January
The five-day e-invoicing payment policy will apply to contracts valued up to $1 million, where a supplier and a government agency both use the...
Director loans bankrupting business owners
Stewart Free, a partner and the NSW trustee at insolvency firm Jirsch Sutherland, revealed that his firm has seen a substantial spike in the...
ATO to visit 800 businesses in Melbourne following black economy warning signs
The Australian Taxation Office (ATO) has announced it will be taking a closer look at several Melbourne suburbs in November and early December,...
Self-lodgers linked to meagre tax refunds
Despite the government’s doubled end-of-year tax offset of $1,080 for low and middle-income earners kicking in this year, average refund amounts...
Government invites comments on legislation for Australian Business Growth Fund
The Morrison government has released for consultation exposure draft legislation that will allow it to invest in an Australian Business Growth...
