Finance

The first JobKeeper wage payment deadline is fast approaching. Pay your workers or risk missing out on back payments for the first two fortnights.

Almost three-quarters of businesses surveyed by the ABS expect the COVID-19 pandemic will reduce their cashflow over the next two months.

Payment times in excess of 30 days should be outlawed, Kate Carnell says, noting a deluge of big businesses using COVID-19 as an excuse.

In this time of crisis, businesses must control their own destiny by immediately comprehending near-term cashflows under alternative scenarios.

With so many coronavirus announcements for SMEs, you could be left wondering where your startup sits. Here's a rundown of the support available to you.

The best thing self-employed people can do to prepare to ride out any bumps in the road is put a plan in place to cut spending and free up cashflow.

There are calls to allow entrepreneurs to access their superannuation, but that would make our economic situation worse. There is, however, another option.

If your business is to survive the COVID-19 outbreak, you need to act now to protect your cashflow, negotiate with your landlords, and come up with new pricing and product ideas.

The government's stimulus package, especially the instant asset write-off threshold and up to $25,000 grant, will be helpful, but will not prevent closures.

Kate Carnell has given big businesses an ultimatum on whether or not she will formally recommend outlawing payment terms longer than 30 days.

Small business ombudsman Kate Carnell has called for the BCA's supplier payment code to be scrapped, saying big firms are manipulating and shirking promises.

Starting in the new year, payment times will be cut from 20 days to five days for small businesses contracted by the NSW government.