The rising costs of living, record low pay rises and an increasing official cash rate may see many Aussie small businesses pushed to the brink of insolvency in the coming months. According to Michael Chan, principal and personal insolvency specialist at Jirsch Sutherland, bankruptcies could be on the cards as business costs continue to… Read more »
Entrepreneurs with great ideas may not always succeed. Many of our greatest companies and inventions were started by people who failed the first time. Yet, the current insolvency system is not sympathetic to honest failure and genuine prospects for recovery of the business or business owner, writes Australian Small Business and Family Enterprise Ombudsman,… Read more »
Minister for Customer Service and Digital Government, Victor Dominello, has announced sweeping rebates that could deliver thousands in savings to small businesses. The Small Business Fees and Charges Rebate will increase from $2,000 to $3,000 and be available until the 30th of June. Since being introduced in 2021, the rebate has helped more than 88,000… Read more »
The treasurer Josh Frydenberg has announced an extension of the SME Recovery Loan Scheme which was due to wrap up at the end of 2021. Around 80,000 loans worth approximately $7.3 billion have been written to date since the scheme commenced in March 2020. Eligible small and medium businesses will now have until June 30… Read more »
Businesses will now be able to claim compensation for the loss of perishable stock as the NSW government announces a new ‘Summer Holiday Stock Guarantee for Small and Medium Enterprises (SMEs)’ grant. Minister for Finance and Small Business Damien Tudehope said the Government wanted to ensure businesses could open with confidence and certainty without fear… Read more »
For anyone sitting back and taking note of reported metrics such as business confidence, unemployment rates, GDP growth, record real estate sales and new home builds, or looking at the share market reaching new highs, it’s hard to believe we are approaching 2 years of pandemic induced lockdowns, writes Tim Roberts, managing director of TR… Read more »
The global pandemic continues to have a heart-breaking effect on many small and family businesses. With the lockdown in Sydney extended until at least the end of September, and lockdown in regional NSW, Victoria and the ACT extending well beyond what was originally hoped for, it’s a tough time for many owners and leaders of small… Read more »
<big>Along with the frightening health concerns of the COVID-19 pandemic, many individuals and businesses are also facing severe financial hardship.</big> This time we don’t have the assistance of JobKeeper or the JobSeeker Corona Supplement. But is there any other financial assistance to help keep our businesses and personal lives afloat? Fortunately, yes there are! It… Read more »
It goes without saying the current lockdowns are having an immense impact on small businesses and workers around the country. As many highly vaccinated countries across the world return to some level of normality, Australian businesses are closed, or operating at reduced capacity, in response to stay at home orders across. And, unlike the lockdowns… Read more »
NSW Small Business Month kicks off on October 1 2020, to deliver a festival dedicated to small business owners across the state. 100s of events to support small business There will be hundreds of free and low-cost activities to help small business owners find the support they need to survive and thrive during the pandemic.… Read more »
With stage four restrictions expected to continue in Victoria until at least September 28, CPA Australia has called for urgent additional support for the state’s business owners. The CPA suggests the extended lockdown and ‘roadmap to reopening‘ will have devastating consequences for Victorian businesses. The viability of many businesses is under threat. Many have faced… Read more »
Sarah Britz, founder of Spend With Us tells Kochie’s Business Builders in her own words, why she decided to launch a non-profit to help small business owners in need. Spend With Us is a website marketplace supporting rural and regional Australian small businesses impacted by bushfire, drought and COVID-19. It’s a platform that connects the… Read more »
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