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.
Large companies refuse to reveal payment times
In November 2018, Minister for Small and Family Business, Skills and Vocational Education Michaelia Cash requested that the Australian Small...
NZ launches own version of STP, impacting Aussie firms
Called payday filing, the Kiwi system went live from Monday this week (1 April) and applies to all employers of New Zealand residents — including...
Bill extending instant asset write-off passes Parliament
The bill was passed by the Senate and the House of Representatives on Thursday morning with 18 government amendments, paving the way for the...
Top budget announcements for small business
The Coalition government delivered its budget on Tuesday evening, setting out its spending plans over the next year, given it remains in power...
‘Netflix but not STP’: 1 in 10 small biz STP ready
An Accountants Daily straw poll of 780 respondents has revealed that just 11.7 per cent of small business clients are ready for single touch...
Small businesses turn minds to skills, investment ahead of budget
"It’s going to go to voters. First of all to individuals, second of all to Australian-based small businesses," BDO tax partner Mark Molesworth...
ATO brings in over $500m from illegal phoenix operators
The annual direct impact of illegal phoenix activity is estimated to cost the Australian community between $2.85 billion and $5.13 billion, the...
Consultation process for unfair contract terms must pay attention to small business, says ASBFEO
On Friday, the Morrison government said it will further strengthen protections to all small business from unfair contract terms (UCTs). In a...
Future of write-off scheme is unclear
In January Scott Morrison said the government had to "put our money where our mouth is", announcing an extension of the instant asset write-off...
Employer loses same unfair dismissal claim twice
In a controversial ruling in July last year, TIOBE was ordered to pay $70,000 as compensation to former employee Cathy (Yaqin) Chen, who was...
