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  1. SMEs dealing with ‘conflicting messages’ on cash payments, says IPA

    technical policy, Tony Greco. Treasurer Jim Chalmers released a consultation paper on the proposed cash acceptance mandate last month. Greco said that while there are circumstances where cash is necessary, such as during outages, this government push...

  2. SMEs building their business pipeline

    MYOB shows 36 per cent of SMEs have increased work or sales booked in for the next 12 months, up from 28 per cent in August last year. The September 2014 MYOB Business Monitor Report also showed a relatively stable level of revenue growth among SMEs and...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  3. SMEs begin to feel pre-pandemic business pressures: MYOB

    country’s 2.29 million SMEs, with 14 of the 16 business pressures measured by the MYOB Business Monitor increasing in the last six months,” Ms Fawcett said. “This demonstrates that as COVID-19 pressure subsides, other business pressures increase. “SME...

  4. SMEs battle unique combination of inflation, labour drought

    It found the fourth-highest job vacancy rates on record with open positions almost triple pre-pandemic numbers during the last quarter of 2022 and first quarter this year. CEO of Rural Business Tasmania, Elizabeth Skirving, said regional areas were...

  5. SMEs at risk of cyber crime, MYOB data reveals

    the business management platform has revealed most Australian SMEs have experienced a cyber attack or cyber incident in the last two years. New data from MYOB has revealed 61 per cent of medium-sized businesses and 12 per cent of small businesses have...

  6. SMEs are buckling under the weight of insurance premiums, ACCI says

    take steps to mitigate their risk exposure to threats such as cyber-attacks, workplace hazards and physical security.” Late last year and earlier this year, Business NSW was significantly vocal about insurance premiums and how they were “slowly boiling...

  7. SMEs 'frustrated' by Australia's online providers

    with the cost. The same survey revealed that 46 per cent of SMEs are now using cloud computing, up nine per cent in the last six months. MYOB chief technology officer Simon Raik-Allen said that while it is encouraging to see the increased adoption of...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  8. SME wages fall for first time in 6 months

    Hero calls for an end to rate hikes after payroll data showed easing pressures in the labour market. SME wages fell last month for the first time since May in a sign of a cooling economy, said payment platform Employment Hero, calling for an end to RBA...

  9. SME success strategies in the wake of a pandemic

    to changing travel regulations, border controls and vaccination rollouts, mean remaining flexible is the key to success. Last year, we saw many organisations move to company-wide remote working with very little notice. While some had remote working...

    • Type: Article
    • Author: Scott Harrington, William Buck
    • Category: Business

  10. SME sector running hot and cold, survey finds

    growth was at a seven-year high point but those expecting revenues to contract had leaped 18 per cent compared with last year. The report said the fate of the construction sector, the largest SME category in the country, was a significant factor. “A...

  11. SME owners urged to reassess depreciation rules amid complexity concerns

    from an accounting perspective for me,” Francis said. “It doesn't give me an idea of how long I think my assets are going to last, the value of my assets, or give me a really good indication of when I might have to replace it, so that's why I haven't...

  12. SME owners must engage ‘exit planning’, says William Buck

    a business is in the best position to go to market. So, the fact that only three in 10 have had their business valued in the last three years is quite alarming,” he said. “Most business owners can alleviate their biggest concern when selling and receive...

  13. SME owners bullish amid uncertainty

    who anticipated growth in 2015 and 64 per cent in 2014. Forty-nine per cent of SME owners reported actual growth over the last 12 months, which is in line with 2015 and up 3 per cent from 2014. At the other end of the spectrum, 20 per cent reported a...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  14. SME owners ‘fearful’ about not being paid, says ASBFEO

    area of concern for small and family businesses and now accounts for 42 per cent of assistance cases, up from 36 per cent last year.” An annual summary of assistance provided to small and family businesses by ASBFEO showed there were 6,254 help requests...

  15. SME loan scheme expansion only addresses symptoms: CPA Australia

    careers, there’s no longer-term objective here.” She believes the government should act on a recommendation put forward last year by the accounting, bookkeeping and small business bodies for a professional advice subsidy for small businesses. The...

  16. SME lending reaches record high

    report by the Australian Bankers’ Association (ABA), banks approved approximately $88 billion in new small business loans last year, up from $77 billion two years ago. The report found almost nine in every 10 small businesses said they do not see access...

    • Type: Article
    • Author: Emma Ryan
    • Category: Business

  17. SME lender lists on ASX

    Pacific’s most significant acquisition to date was perhaps that of rival SME lender Bibby Financial Services in December last year, with the combined business now employing almost 300 staff, handling approximately $10 billion of annual sales and...

    • Type: Article
    • Author: Reporter
    • Category: Business

  18. SME insolvencies tipped to rise in 2020

    SME insolvencies are forecast to increase in 2020, reversing a positive trend witnessed over the last couple of years, new research has shown. According to new data released on Friday by digital credit agency CreditorWatch, while 14 per cent fewer SMEs...

    • Type: Article
    • Author: Reporter
    • Category: Business

  19. SME insolvencies on track to double historical average, data reveals

    revealed that from January to April this year, SME overall credit demand was down 7.3 per cent compared to the same period last year and SME trade credit demand had taken the biggest hit, down 13.8 per cent in the year to April. In April of this year,...

  20. SME employee growth rate on ‘downwards slope’, recent data reveals

    The year-on-year employee growth rate for small business has halved since April last year, according to the latest Employment Hero SME Index. Employment Hero’s April SME Index Update indicates that the employee growth rate for SMEs has fallen from 11...

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