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.
STP audit activity to ramp up as ATO ditches ‘softly’ approach
With Single Touch Payroll (STP) now mandatory for businesses of all sizes, BDO partner Ben Renshaw believes it will only be a matter of time...
Social media shopping a $16bn windfall for business
The bank commissioned YouGov to survey Australians on their shopping habits through social media: so-called “social shopping”. Read more at...
Small businesses made 7% less in FY19
The figures, compiled by Invoice2go using analysis of its 29,629 Australian business customers, revealed that the 2018–19 financial year was a...
‘Unfair’ payment practices to SMEs attract scrutiny
Late on Monday (30 September), the federal Labor Party issued a statement claiming that the ACCC has launched an investigation, at its behest,...
ATO to ‘nudge’ small employers over STP compliance
Tax and BAS agents with clients that have yet to begin reporting through Single Touch Payroll (STP) will soon receive correspondence from the...
Accountant, broker relationship crucial in SME lending success
Speaking on Prospa’s “Future-Proof Your Business” webinar, Equilibria Finance director and broker Anthony Landahl said that he believed brokers...
ATO to visit 400 business in Queensland following community tip-offs
The Australian Taxation Office (ATO) is paying a visit to 400 businesses in Teneriffe, New Farm, Newstead and Fortitude Valley in October,...
SMEs shun accountants despite their positive impact, research shows
According to the September 2019 SME Growth Index, based on an interview with over 1,000 Australian businesses, accountants are losing ground when...
Loan rejections resulting in cash flow crisis for SMEs, new research shows
According to the SME Growth Index, the percentage of SMEs reporting significantly worse cash flow has doubled since March 2018, with 7.3 per cent...
Cash payment limit causes concern
Legislation was introduced to Parliament last week to restrict Australians' use of large cash payments and a senate committee has opened up...
