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Ageing profile of business owners and rising insolvencies raise concerns about SME sector
Figures state that small businesses owe 67 per cent of Australia’s total collectable tax debt of $50 billion.
Victorian agribusiness Lotus Farm fined for underpaying workers and falsifying records
Lotus Farm provided false or misleading pay slips to the FWO and gave no payslips to the workers.
FWO conduct surprise inspections of Yarra Valley and Mornington Peninsula farms
Inspectors are on the alert for low rates of pay that breach the Horticulture, Pastoral or the Wine Industry Award laws.
SMEs anticipating a decrease in turnover by 2025
Despite the challenges, short-term business confidence continues to improve with 37 per cent of SMEs optimistic about th...
Visa commits $2 million to First Australians Capital’s Catalytic Fund
Since 2018, First Australians Capital has supported over 800 Indigenous businesses and leveraged $80 million in cumulati...
Late payments continue to be a pain point for SMEs
Millennials are more than twice as likely as Baby Boomers to agree that they'd feel uncomfortable asking customers for p...
Small business with big dreams? Here’s how to plan your finances effectively
Financial management is about understanding your numbers, making informed decisions, and having the right support system...
Land tax, interest rate pressures on landlords contributing to insolvency ‘domino’ among SMEs
Business-related personal insolvencies made up the bulk of insolvencies in 2023 and insolvencies in March peaked at more...
American Express extends grants program to small restaurants
Backing International Small Restaurants has provided $240,000 in financial support to Sydney venues in the past two year...
Invoice financing among SMEs on the rise as cashflow challenges bite
The latest Creditor Watch report found that cash reserves in Australian businesses are being depleted with a steep incre...