News

The science of work-life balance and what it means for you

- December 20, 2019 2 MIN READ

Ever wondered what balance of exercise, sleep, food and work delivers the best outcomes for your physical and mental health? A team of scientists led by researchers in South Australia is embarking on a four-year study to find out. The international team will use 200,000 data sources from Fitbits, activity monitors and time-use surveys linked… Read more »

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Ombudsman raises concerns on Banking Code of Practice changes

- December 18, 2019 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has raised concerns with proposed changes to the Banking Code of Practice set to go into effect in March 2020, suggesting some changes are unfair to small business owners, leaving them unprotected. “The ABA claims it has implemented the Royal Commission recommendations but it has… Read more »

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Ombudsman backs changes to unfair contract terms

- December 17, 2019 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the opportunity to advocate for stronger unfair contract term protections for small businesses, as the federal government begins its next phase of consultation. “The government has now released its regulatory impact statement, which broadly reflects the recommendations made by my office throughout this… Read more »

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Small businesses lagging behind in tech adoption

- December 16, 2019 < 1 MIN READ

Small business owners are lagging behind in their adoption of cloud accounting solutions according to fresh data from MYOB. 41 per cent of accountants and bookkeepers surveyed revealed more than half of their small business clients still rely on paper documentation rather than using electronic services. The accountants reported that despite the prevalence of cloud… Read more »

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MYEFO spreads Christmas cheer to small businesses

- December 16, 2019 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the mid-year budget update, saying it contains some welcome gifts for small businesses. “It’s encouraging to see the federal government has allocated funds to establish the national payment times reporting framework,” Ms Carnell says. “The framework will require large businesses to publish information… Read more »

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Xero and NAB join forces to streamline bill payments

- December 12, 2019 2 MIN READ

Cloud accounting solution Xero has integrated accounts payable functions on its platform with Australia’s largest business bank in move the company is calling a game-changer. Australian businesses using Xero that have NAB internet banking will be able to instruct multiple bill payments at a time through Xero and approve their bill payments anytime, anywhere, directly in… Read more »

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Government slashes NDIS provider redtape

- December 11, 2019 < 1 MIN READ

Speech pathologists, occupational therapist and assistive therapists will soon face less red tape when registering to provide services to clients as part of the National Disability Insurance Scheme (NDIS). The federal government has announced it will simplify the NDIS provider registration and audit process removing much of the regulatory burden faced by these small business… Read more »

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My Business Health to help businesses with pain points

- December 10, 2019 2 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has launched a new site, My Business Health, aimed at improving the wellbeing of Australia’s small business owners. The My Business Health, site has been designed to provide holistic support to small business owners. It offers practical tips and information to assist small businesses with everyday issues.… Read more »

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Local retailers to win out with consumers this Christmas

- December 9, 2019 2 MIN READ

Campaigns such as #buyfromthebush are impacting Australians spending habits this Christmas according to a new report by MYOB. MYOB’s research shows six in ten Australians say campaigns such as the drought relief efforts are encouraging them to buy local. Moreover, 64 per cent said they would be more likely to support a bricks and mortar… Read more »

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ATO warns of scammers targeting small business

- December 6, 2019 2 MIN READ

The Australian Tax Office (ATO) is alerting small business owners and individuals to beware of scammers taking advantage of tax payment deadlines to con people into paying out funds. Historically the period from November to January is the peak time for cybercriminals to hit unsuspecting businesses. The ATO reports over $2 million was lost by… Read more »