“Concerning”: Payment times watchdog to investigate as small businesses wait an average of 35 days for reimbursement
Australia's payment times watchdog says it will intensify its focus on big businesses in 2023, after the release of "concerning" data showing the average payment time to small businesses barely budged in 2022.
Why Australia is in the midst of a potato chip shortage
Potatoes are among Australia’s favourite vegetables. However, we are facing a shortage of processed potatoes, especially of frozen chips.
Afterpay says credit checks may have a role to play in BNPL but remains critical of regulation
In a response to a Treasury consultation paper on buy now pay later regulation, Afterpay has said that credit checks may have a role to play. But in remains critical.
“We are so lucky”: Community keeps small business founders going after blaze tears through Melbourne warehouse
Ashli Templer turned to her closest friends after a Melbourne warehouse fire torched her skincare business' stock. Now, Templer says a broader community of loyal customers is pitching in to help Yours Only recover from the devastating blaze.
Accountants call for permanent WFH tax deductions similar to cents-per-kilometre car claims
The federal government should legislate a standard tax deduction for work-from-home expenses, mirroring how drivers are reimbursed for every kilometre they cover for work, according to CPA Australia.
Fintech startup Hnry raises $35 million to automate accounting so you don’t have to
Fintech startup Hnry just landed $35 million in Series B funding for its automated accounting platform. Yes, real accounting.
How Australia’s labour market is leading to a surge of children with jobs
Employing minors became rapidly old-fashioned in the era of rising underemployment. But a rampant labour market is changing things.
Zeller launches small business debit cards, replacing the traditional bank sign-up process with Officeworks
Entrepreneurs are set to gain near-instant access to transaction accounts and physical debit cards without ever entering a bank branch, under an ambitious plan Zeller hopes will expand its market.
With inflation at 7.8%, another interest rate rise in February is all but guaranteed
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index (CPI) figures showing inflation hit 7.8% in 2022 – its highest rate in 33 years.
Web3 and renewables: Four investment trends you can expect in 2023
As 2023 has just begun, your investment wins and losses in the last year are also getting the opportunity to turn over a new leaf.
Social media users seeking answers from the ATO are being targeted by scammers, federal government says
Scammers are monitoring public social media pages for commenters seeking assistance with their tax payments or MyGov registration and reaching out to those taxpayers from bogus accounts, the federal government states.
It was meant to help small businesses save themselves, but experts are calling the simplified restructuring scheme “insanity”
A new small business restructuring process designed to keep owners in control has suffered an "embarrassingly" low take-up, an industry leader says.
