When good credit becomes bad credit
In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable and so is the debt that comes with it. For most...
View ArticleBusinesses are missing out on government tender opportunities
Businesses are losing out on lucrative projects as they are not submitting for work through government tenders. In particular it is SMEs that are not recognising the ongoing opportunities for business...
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SMEs’ wish list for federal budget revealed
With the federal budget announcement later today and an election on the horizon, a national survey reveals clear expectations of what the government should prioritise for the small to medium business...
View ArticleFederal budget 2019: A summary for SMEs
The budget, which was revealed at 7:30pm yesterday, sees an increase in the instant asset write-off threshold to $30,000, lower tax rates and an easier tax dispute service for small business, as well...
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Aussie start up founders react to the budget
These Aussie start up founders share their thoughts on the Federal Budget reveal earlier this week, giving us an insight into how SMEs are going to be affected – the positives and the negatives....
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Banks rejecting SMEs for finance
The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs...
View ArticleOmbudsman supports Business Growth Fund for high growth SMEs
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell today welcomed the announcement of an Australian Business Growth Fund, a recommendation in the ASBFEO’s Affordable...
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How SMEs can avoid common financial pitfalls by managing cash flow
Setting up a small business can be an exciting yet daunting experience. By the time you actually launch your business you have likely experienced a lot of uncharted waters, sleepless nights, caffeine...
View ArticleHow SMEs can turn tax time into an opportunity to grow
Many small business owners see the end of the financial year (EOFY) as a busy time during which they need to prepare tax returns for the business and group certificates for employees, as well as...
View ArticleWhy document management is critical for small business growth
Byline: Scott Crosby, CEO, Upstream The merit in going paperless for small and medium businesses (SMBs) is clear: digitally stored documents, information, and files save businesses time, money, and...
View ArticleHow can SMEs meet Australia’s growing challenges?
By Anna Crabb, General Manager of B Lab Australia & New Zealand “Australia is at risk of falling into a slow decline if no action is taken”. This is the stark warning from the recently released...
View ArticleThe power of podcasts for SMEs
It’s no secret – audio is on the rise with more Australians listening to podcasts than ever. In 2018 local audiences grew by 22%, with time spent listening increasing to over 11 hours a week. The...
View ArticleSenators urged to pass equity bill that could see SMEs flourish
Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), urged senators to pass the Australian Business Growth Fund Bill on Wednesday. Ms. Carnell explained that the bill...
View ArticleAustralian SMEs concerned about impending recession
Australian SMEs are concerned about the impending recession, with business confidence plummeting to new lows, according to the ‘Canary in the Coal Mine’ report released today by Prushka Fast Debt...
View ArticleHow SME owners can ride out the COVID-19 recession
Australian SME owners are bracing for an imminent recession, inflicted by the global coronavirus pandemic. Our recent survey of SMEs revealed that, in response to the virus, 66 per cent are concerned...
View Article75% of SMEs want current stimulus measures extended until 2021
The vast majority of SMEs want stimulus measures to be extended further to help them recover from the impacts of the pandemic. This is according to Wave 11 of ACA Research and TEG’s COVID-19 Tracker...
View ArticleSMEs expecting salaries to be frozen for the next 12 months
47 per cent of small to medium enterprises expect salary increases to be frozen for at least 12 months, according to a new study from ACA research. It is positive to see that the proportion of SMEs...
View ArticleHow to start an online store in 2021
Last year’s e-commerce boom, particularly for Victorian entrepreneurs who received government support to go online with intuitive technology platforms that can quickly get up and running, saw...
View ArticleVictoria Increases Support Package For Businesses Amid Lockdown Extension
With the announcement of a lockdown extension for another seven days, the Victorian government has announced a fresh $209.3 million support package for small and medium businesses (SMEs). The...
View ArticleAtlassian co-creates Deed of Equity Gift for SME owners
Pledge 1% initiative co-founder Atlassian Foundation, has created a Deed of Equity Gift in collaboration with PwC Australia, Herbert Smith Freehills, and Australian Philanthropic Services for...
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