Australia Post boss denies plans to become a ‘Commonwealth-owned bank’ to stem its losses
A number of community advocates have been pushing for Australia Post to enter the retail banking market as a full-fledged institution.
New ATO scheme will pay small retailers to report their GST monthly
The Australian Taxation Office will pay twenty small retailers to report and lodge their GST obligations on a monthly cycle, as it investigates new ways to improve tax performance among local SMEs.
More than 650 branches since 2017: Banks continue to leave regions despite billion-dollar future
An inquiry is examining the impact of accelerated bank closures across country Australia and will hear from councils and banks alike.
Budget 2023: What the halving of the PAYG and GST instalment increase means for small business
The 2023-2024 federal budget halves a scheduled 12% tax instalment increase to 6%, a move the federal government says will improve small business cashflow.
Explained: The $20,000 instant asset write-off and how small business got here
A ramped-up instant asset write-off scheme will offer small businesses tax breaks on eligible purchases over the next financial year, averting fears the scheme would drop to cover purchases of just $1,000.
Non-bank lending on the rise, as heightened interest rates squeeze small business
Small business demand for non-bank lending solutions has risen 50% over the last year, business lender ScotPac says, suggesting the time and effort required to obtain traditional financing, along with rising interest rates, are causing entrepreneurs to look further afield.
Social enterprises can help with the budget bottom line. Here’s how
What sets social enterprise apart is the social mission that sits at the core of the company’s business model.
Thirteen ways to bridge the $70 billion a year deficit in our budget
Spending cuts have been the focus of budget repair efforts for most of the past decade, so a lot of the low-hanging fruit has already been picked.
From inheritance taxes to super concessions: Top economists on how to raise $20 billion per year
The 59 leading economists surveyed were asked to pick from a list of 13 options (many of them identified in the government’s 2022-23 Tax Expenditures and Insights Statement) and reply as if political constraints were not a problem.
SMEs slogged with card transaction fees three times higher than big business, with least-cost routing yet to reach full potential
Australia's smallest businesses are saddled with card transaction fees triple that applied to major corporations and the take-up of cheaper options remains "disappointingly low", according to the Reserve Bank of Australia.
Australian tech companies reveal tens of millions in Silicon Valley Bank exposure after collapse
ASX-listed companies have revealed tens of millions of dollars in exposure to the Silicon Valley Bank collapse, as Australian tech leaders face an anxious wait for US authorities to bail out depositors of the failed institution.
Late invoice payments in the spotlight as Xero offers cash prizes to small businesses waiting for what they’re owed
Small businesses waiting for delayed invoice payments could score cash prizes from Xero, as accounting and business transaction make the promise of accelerated payment central to their pitches to SME customers.
