Insolvency Rates in Australia Expected to Increase By 10% This Year
In comparison to the rest of the world, Australia appears to have dodged a bullet when it comes to business insolvencies, but it is not out of the woods just yet. Despite the Australian government’s temporary support measures, insolvencies are expected to rise by 10 percent this year and potentially increase by another 10 percent […]
Businesses Can Expect Faster Payments and Savings When Compulsory E-Invoicing Starts In NSW
Businesses across New South Wales can expect to see quicker savings and payment times once mandatory e-invoicing is introduced for all government agencies across the state on 1st January 2022. It will it will bring a host of other benefits for small and medium businesses when sending and receiving invoices to the government. The implementation […]
Queensland State Government Announces 30,000 Tourism Vouchers to Spend on The Gold Coast
In a bid to attract more local tourists back to one of Queensland’s most popular tourism destinations, The Palaszczuk has launched 30,000 tourism vouchers worth $100 each, to be redeemed by tourists when they visit the Gold Coast. The purpose of the initiative is to help businesses recover from the impacts of the covid-19 pandemic […]
The End Of JobKeeper Has Cost 56,000 Jobs To Date
Newly released data from Single Touch Payroll has revealed that 56,000 workers who were previously on JobKeeper have lost their jobs. This is an increase in 16,000 which is up from the figures of 40,000 jobs from the data published two weeks ago. “The data suggested that up to 40,000 former JobKeeper workers lost employment […]
46 Percent of Small Business Owners Admit to Mental Health Problems
Research published by MYOB has shown that 46 percent of small and medium sized business owners believe that running their own business has directly contributed to feelings of depression or anxiety. Furthermore, another 26 percent ranked mental health as an “immediate” problem in their daily life and workplace. These figures illustrate that the pandemic is taking […]
Small Businesses Save $8.9 Billion Through Recommendations from Advisers
Throughout the covid-19 pandemic, Australian small businesses have sought the advice of accountants and bookkeepers to help overcome the many challenges they have been dealt with during one of the most unpredictable times of human history. Recent research illustrates that $36.4 billion was injected into the small business sector through grants, investment guidance, or other […]
The Australian Government Is Planning More Insolvency Reforms
Small businesses across Australia that operate via a trust will now be considered for further protection, as the federal government contemplates further insolvency reforms as part of the May 2021 federal budget. On Monday 3rd May, the Treasury announced that the Australian Government will be holding a consultation regarding how trusts are currently being treated […]
The Benefits of Running A Family Owned Business
There are many advantages and benefits to running a family-owned business. Family business still thrive in today’s highly competitive economy as most successful family businesses are not only well-founded but also exceptionally well-run. When you are aware of the advantages of being in a family-owned and run firm, it can significantly help your business maximise […]
The Australian Government Injects $15.3 Million To Assist E-invoicing Adoption
E-invoicing is set to feature prominently over the upcoming months as the federal government has announced a $15.3 million investment ahead of the upcoming federal budget. The investment is included in the $1.2 billion package unveiled by the Australian Government on Thursday 6th May which aims at accelerating Australia’s digital adoption. In an aim to […]
How The 2021 Federal Budget Will Impact Australian Small Businesses
On Tuesday 11th May, the Australian unveiled what’s been described as one of the most important and hotly anticipated federal budgets in recent decades. As Australia aims to bounce back from the covid-19 pandemic, there is a huge focusing on needing to ensure that Australia maintains a strong economic recovery, with the goal of supporting […]
