So, you’ve packed away the Christmas tree, put away the good silverware and finally taken the time to think about where you are headed financially for 2020. If like many at this time of year, you find yourself with no savings, a credit card debt and no idea where your money is going, then Susan… Read more »
Jenny Marsh is the owner of a successful franchise business ATM2GO, which since 2011 has been providing the convenience of cash to events and businesses through ATM services. With 17 ATM2GO franchisees based all over Australia, Jenny says that she was finding it difficult to keep track of and properly understand her business’s numbers due… Read more »
There are a lot of changes in the wind that small businesses need to know about in 2020. Susan Franks, Senior Tax Advocate at Chartered Accountants Australia and New Zealand (CA ANZ) has pulled together some key changes that you need to know about to stay on the right side of the tax man. Franks… Read more »
A huge change is already underway in Australia’s banking sector. And, in January, consumers and businesses can finally experience some of its benefits first-hand, writes Steve Kemp, Head of Financial Institutions Partnerships APAC and Emerging Markets, Intuit. Since last year, regulators, Australia’s Big Four banks (NAB, Commonwealth, ANZ and Westpac) and a test working group… Read more »
With the new year fast approaching, Aussies are eagerly planning some time off work to enjoy the warm weather — however, time off is a luxury many small businesses simply can’t afford. For some small business owners, summer can be the busiest time of the year. For others, it can be a slow period where… Read more »
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, writes Katrina Ruth. The great news is that building wealth is possible, as long as you… 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 »
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