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 investment ‘weaker than expected’: RBA
Minutes from the monthly board meeting, released on Tuesday (16 July), reveal the board expressed concern at a waning private sector when it...
‘Business failures have spiked’: Recovery firm
Citing figures from insolvency firm Rodgers Reidy, Prushka Fast Debt Recovery said there had been a “worrying spike” in the number of...
AussieBum’s glocal success: Turning mocks into money
Mr Ashby’s idea for aussieBum was born on Sydney’s Bondi Beach. Fond of making up original business ideas, in 2001 Mr Ashby decided to give into...
No respite for 95% of SME owners
According to a survey of 430 SME owners, conducted by Honeycomb Strategy and commissioned by online lender OnDeck, running a small business is a...
ASBFEO asks ACCC to limit the re-authorisation of APRA to protect small business
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell says if the Australian Competition & Consumer Commission (ACCC)...
FWO issues $243,000 penalties for underpayments, false records
The Fair Work Ombudsman has secured penalties of $243,000 against the operators of several retail fruit and vegetable and flower stores across...
Small business ombudsman questions new banking code’s enforcement
While the new Banking Code of Practice is an improvement on previous versions, it remains to be seen if it will be effective in addressing the...
June EOFY rush sees over 43,000 small employers sign up for STP
On 1 July, single touch payroll (STP), one of the biggest tax changes since the introduction of GST, became an obligation for all businesses...
Over $500m in penalties detailed for STP non-compliance
With employers with 20 or more employees required to be STP-compliant from 1 July 2018, the 12-month transition period has now run its course,...
ATO outlines penalties for STP failures
The ATO has repeated its previous position that no penalties would apply for the first 12 months of Single Touch Payroll (STP), which took effect...
