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.
ATO assures small employers transition to STP will be flexible
Earlier this week, Parliament passed legislation to extend single touch payroll (STP) reporting to include all small employers (those with fewer...
ATO says $2.7bn protected from the black economy
Businesses in building and construction are required to lodge a TPRS annual report each year on any payments to contractors and subcontractors...
SMEs overconfident on cyber threats
New figures from the Australian Bureau of Statistics (ABS) show that crime rates in Australia are for the most part substantially below the...
STP becomes obligatory for all employers
The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 was passed on Tuesday, after it was sent back to the House of Representatives in late...
ASBFEO calls on banks to show they have ‘actually changed’
The ASBFEO, Kate Carnell, noted the commissioner’s acknowledgement that the Australian Banking Association (ABA) Code of Banking Practice is “the...
Royal commission report: What does it say about SME lending
Over the course of its hearings, the royal commission received 10,140 submissions – almost two-thirds of which (61 per cent) related specifically...
1 in 4 SMEs doubt viability without loans
One in four of the businesses to have borrowed money from Prospa between 2013 and 2018 were uncertain they would have remained afloat without the...
ASBFEO welcomes asset write-off scheme extension
As of this week, the instant asset write-off scheme will be available to small businesses until 30 June 2020 for assets purchased under $25,000...
Public listings in short supply in 2018–19
Launching its respected IPO Watch Australia Report on 2018’s stock market activity, HLB Mann Judd noted that initial public offerings (IPOs) for...
Less than 1 in 3 small businesses satisfied with government support
The level of satisfaction with the federal government’s support of small business remained steady at 31 per cent compared to 33 per cent the...
