Finance

The dealership said it was a cash handling fee that was mislabelled as a surcharge. Meanwhile, card surcharges are generally less than 1.5%.

The number of small businesses turning to the Australian Small Business and Family Enterprise Ombudsman for assistance with insolvencies spiked in the September quarter, revealing how corporate collapses are leaving local traders grasping for help.

Businesses, councils, and banking representatives will speak at public hearings held by the Senate Standing Committee on Rural and Regional Affairs and Transport.

The matter returns to court in August to finalise damages paid to Hunt Leather and Ancio and begin determinations for other businesses who may join the class action.

The rising cost of doing business is attributed to wage pressures, the cost of goods and services, and cash flow management, the study highlighted.

The question of landlord profits is one we need to understand. The ATO puts out the statistics each year that let us answer the question. The answer is: yes — for some!

Construction company collapses have surged over the last 12 months, as Australian builders battle the end of COVID-era economic stimulus, vulnerabilities in long-established payment models and the impact of rapid inflation and interest rate rises.

Australian banks, casinos and organised crime groups have all been at the centre of the nation's dirty money problem.

Some business owners are even dipping into their personal savings to mitigate rising costs and make a profit, the report states.

Business restructuring practitioner appointments are surging compared to 2022 levels, data from Australia's corporate regulator shows, as one accountant describes being "overwhelmed" by rising interest among struggling SMEs. 

New Zealand pizza chain, Hell Pizza, is challenging Buy Now Pay Later with its own 'pay when you're dead' scheme.

Electricity prices will rise as much as 29% for tens of thousands of small businesses across Australia from July 1, as market regulators confirm major hikes to the base rates offered to energy consumers.