The ATO is urging small business employers who’ve not yet made the switch to Single Touch Payroll (STP) to get in touch if they need help to transition. Small employers with 19 employees or fewer are now required to start reporting through STP but ATO Assistant Commissioner Jason Lucchese said there was still time for… Read more »
The holiday season is always a stressful time for small business owners. Many are concerned with how they will have the funds to get through the first quarter of the year as the nation slows down over Christmas and summer. Last January, finance company Scottish Pacific saw a spike in enquiries from business owners hoping… Read more »
There’s an old saying, “put your money where your mouth is”. And that’s exactly what bootstrappers do. Yet sometimes it’s the starry-eyed capital-raising young startups that seem to attract more attention than the brave bootstrappers, who are backing their idea with their own savings. Dispelling the myths As a bootstrapper of two businesses (Matchboard and… Read more »
Imagining a bigger, better life that is made easier because of the security and safety net of wealth is a dream lots of people share. And why not? Having money to take care of everyday stresses seems like fun… The great news is that building wealth is possible, as long as you take some strategic… Read more »
Christmas is thought by many to be a happy time however, many small business owners dread the holiday season as cash flow can become a serious issue, writes Prushka CEO Roger Mendelson. The decline can start mid-December, when you are likely paying your employees Christmas leave, and for some there is even the extra expense… Read more »
Farmers and regional businesses are being cut a break as the government announces plans to roll out cheap interest-free loans to help them stay afloat as the drought worsens. The loans are part of a half-billion-dollar stimulus package announced by the PM today, as the Morrison government plans to shake up the existing Regional Investment… Read more »
“It’s the canary in the coal mine,” warns Patrick Coghlan, CEO of CreditorWatch as small business insolvencies rise 20 per cent over the last quarter, an increase of 8 per cent year on year. Coghlan suggests the rise in businesses being declared insolvent doesn’t bode well for the economy. Coghlan’s comments follow the release of… Read more »
Small businesses come in all shapes and sizes across many industries, which means a one-size-fits-all approach to loans just doesn’t work. Reuven Barukh, CEO of Live Group explains why alternative lenders can be a good option It can take a lot of hard work to apply for a loan with a bank, and if you’re… Read more »
Wellness is a word that we hear almost on a daily basis. A quick check on Instagram reveal almost 16.5m posts with the #wellness hashtag! Given that most people spend the majority of their time working, how does wellness fit in, both figuratively and practically? Does wellness actually have a place at work? Gradually, businesses… Read more »
From local cafés and restaurants to large retail conglomerates like Wesfarmers and Woolworths, it seems that we are hearing about a new underpayment scandal every other day. No matter how small or large your organisation is, any business owner can find themselves in hot water once accused of committing wage fraud, writes Tracy Angwin, CEO… Read more »
‘How will new technology impact my job?’. It’s an often asked question of today’s HR teams. And, while it’s true some jobs will change in terms of roles and responsibilities, people will remain the heart of them. To succeed in this new era of business, known as the Fourth Industrial Revolution, organisations must equip staff with… Read more »
Did you know absenteeism costs the Australian economy $44 billion per annum? According to a survey by the Australian HR Institute, Australian employees take on average 8.8 unscheduled days off per year. All these sickies are contributing to lost productivity and come at a cost to both your employee’s mental health and the success of… Read more »
Weekly business news and insights, delivered to your inbox.
