News

The news you need to know: September 26 2019

- September 25, 2019 2 MIN READ

Did you miss out on today’s news? Don’t fret! We’ve got the lowdown on all the news that matters to small business owners. Here’s what you need to know on Thursday September 26 2019. Melbourne café to face court over underpaying workers The Fair Work Ombudsman is taking the operators of a Northcote café to… Read more »

News

Corporates fail to cough up info on payment times for small biz

- April 9, 2019 2 MIN READ

The Australian Smal Business and Family Enterprise Ombudsman has revealed a large number of big corporates have failed to respond to the ombudsman’s request for information on payment times to suppliers in the small business space. The Review of payment terms, times and practices report, released today by the ASBFEO, surveyed 2400 small and family businesses… Read more »

News

Big business put on notice for poor payment times

- February 14, 2019 < 1 MIN READ

The Minister for Small and Family Business, Michaelia Cash has put the nation’s biggest corporations on notice, following the government’s commitment to improve payment times for small businesses. 3000 of the nation’s leading corporations are being called upon to take part in a payment reporting scheme which would require them to publish how long it… Read more »

News

Last chance to take ASBFEO payment times survey

- November 29, 2018 < 1 MIN READ

The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, is urging small businesses to take the payment times survey before it closes on Friday. Carnell is particularly keen for more representation from small businesses and family enterprises in rural and regional areas. “We know some of the worst payment practices are directed towards rural… Read more »

Finance

Late payments leave small business owners in the lurch

- November 9, 2018 2 MIN READ

Research from recurring payments specialist, Go Cardless reveals 75 per cent of Australian SMB owners said they can’t be sure they’ll be able to pay their own bills on time due to unpaid invoices. Despite recent government reforms, late payments continue to be an ongoing battle for Australian SMB owners with delayed payments directly impacting businesses,… Read more »

News

Late payments continue to be an issue for small business

- September 19, 2017 2 MIN READ

Despite efforts by the Small Business Ombudsman, Kate Carnell, to tackle the culture of late payments in Australia, a report by Dun and Bradstreet confirmed the big business end of town is continuing to fall down in its efforts to stem the issue. Whilst late payments fell during the second quarter of 2017 by 4.6… Read more »

Business Basics

What you need to know about late payments

- June 1, 2017 4 MIN READ

Late payments are the single biggest issue for the small business community. According to Dun & Bradstreet, late payments have increased since the start of 2017 reaching its highest level since 2014. On average, 59.8% of Australian businesses pay their bills on time, while 9.5% pay in excess of 60 days. Here’s what you need… Read more »