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  1. Small businesses turn to alternative financing in droves amid pandemic pressure

    as leaders turn to alternative financing and personal lines of credit. The results of ScotPac’s SME Growth Index released last week show that businesses have increasingly turned to alternative financing methods as they emerge from the pandemic, with...

  2. Small businesses show sign of omicron rebound

    territory. Small businesses are taking tentative steps to rebuilding after COVID and are primed to make use of incentives in last week’s budget, according to February data on the sector. The Xero Small Business Index rose three points during the month...

  3. Small businesses secure $41m in energy grants

    have been given $41 million in grants to save on energy bills and reduce their carbon footprint, the government announced last week. The federal funding comes from the second round of the Energy Efficiency Grants for Small and Medium Sized Enterprises...

  4. Small businesses not seeking accountants' advice

    than half of all surveyed businesses used an accountant or financial adviser to review their banking relationship in the last year. Ross Prosper, director of taxation and business services at Bentleys Western Australia, said SME owners who don’t seek...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
  5. Small businesses need cash flow help: Xero

    small business owners with 57 per cent report feeling stress, 50 per cent anxiety and 48 per cent trouble sleeping over the last 12 months. The firm said the results reflected the findings of previous research conducted between November 2022 to February...

  6. Small businesses must focus on productivity as recession looms: MYOB

    to help them to improve and upskill themselves and their teams would assist with productivity,” Ms Fawcett said. “The last few years have shown Australia’s small and medium businesses can carry on in unprecedented times and this data shows they are...

  7. Small businesses applaud digital and skills incentives

    that will help them become more competitive and resilient. The move to legislate the measures, which were initiatives in the last budget, will enable businesses with an annual turnover under $50 million to claim for spending on technology or training...

  8. Small businesses ‘forgotten’ in domestic violence leave scheme

    Ms Boyd. Data from the ABS shows a steady upwards trend in the proportion of female business owners and managers over the last 20 years, with women now accounting for more than 35 per cent. “This is a crucial consideration for government — how do we...

  9. Small business urged to use ATO courses to learn tax, boost compliance

    for businesses to comply with their tax obligations. It comes after new Commissioner Rob Heferen issued a fresh warning last week to small businesses that continue to be over-represented in the ATO’s $50 billion book of collectable debt. Minister...

  10. Small Business Tax Concessions: Tips & Traps on Sale of Business Entities

    of their shares. Example 1 – multiple stakeholders in a large business entity Pat, Josh, Mitch and Nathan each owned 25% of Last Blast World Pty Limited, which carried on a sporting merchandise business. They were able to sell their shares in LBW to IPL...

    • Type: Article
    • Author: AustralianBiz
    • Category: Business
  11. Small business tasked to create 210,000 new jobs to stimulate economy

    released new research which shows that, while Australia was one of the fastest-recovering economies in the second half of last year, about 210,000 jobs need to be created across the small business sector by the end of 2021 to drive a full recovery. The...

  12. ​​​​Small business struggles, but financial system resilient: RBA

    profit margins have begun to decline a little in the accommodation and food industry.” The RBA left the cash rate unchanged last week at 4.1 per cent for the fourth consecutive month. However, since most small businesses used variable-rate loans, they...

  13. Small business slips on lodgement deadlines

    On-time lodgement slipped slightly for small businesses last financial year while debts owing spiked, prompting the ATO to consider new strategies to encourage compliance. In the 2016/17 financial year, 75 per cent of small businesses lodged their...

  14. Small business scam losses almost double in 2022

    Small and micro businesses lost $13.7 million to scams last year, with payment redirection scams accounting for the biggest losses, an ACCC report reveals. Total losses to scams increased 73 per cent for Australian businesses last year, jumping to...

  15. Small business revenue bounces back to pre-pandemic levels

    small business revenue rose by 5.1 per cent in February — after a 1 per cent rise in January — from 4.6 per cent last year. For February, the arts and recreation industries remain the weakest, with data recorded emerging before recent support programs...

  16. Small business resilient as sales growth slows: Xero

    from hundreds of thousands of small businesses, averaged 120 points during the period – an increase of 8 points over the last three months of 2022. “We know itʼs been a difficult start to the year for many Australian small businesses, but itʼs promising...

  17. Small business performance hits 4-year high: Xero

    times. Jobs growth across the sector remained above 5 per cent for the second month in a row, compared with the same period last year. All industries tracked by the index — which comprises anonymous transactions executed by its users — recorded positive...

  18. Small business owners face mounting mental health concerns: MYOB

    Of the business leaders surveyed, 52 per cent reported feeling stress as a result of operating over the course of the last 12 months, up by 7 percentage points from the same period last year. Meanwhile, 45 per cent of respondents reported experiencing...

  19. Small business needs a short-cut to survival or exit

    into the future.” One stumbling block was the treatment of trusts in insolvency, which had been an issue since the last big inquiry on the topic in the 1980s. “Now that trusts are endemic in almost every small business, what we need is a quick fix there...

  20. Small business laments deferral of instant asset write-off measure: COSBOA

    instant asset write-off (IAWO) to 30 June 2025 was removed from the Responsible Buy Now Pay Later and Other Measures Bill last week in parliament before it was passed by both houses. The government plans to reintroduce the IAWO measure, which was...