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  1. Small business owners face mounting mental health concerns: MYOB

    Of the business leaders surveyed, 52 per cent reported feeling stress as a result of operating over the course of the last 12 months, up by 7 percentage points from the same period last year. Meanwhile, 45 per cent of respondents reported experiencing...

  2. Small business needs a short-cut to survival or exit

    into the future.” One stumbling block was the treatment of trusts in insolvency, which had been an issue since the last big inquiry on the topic in the 1980s. “Now that trusts are endemic in almost every small business, what we need is a quick fix there...

  3. Small business laments deferral of instant asset write-off measure: COSBOA

    instant asset write-off (IAWO) to 30 June 2025 was removed from the Responsible Buy Now Pay Later and Other Measures Bill last week in parliament before it was passed by both houses. The government plans to reintroduce the IAWO measure, which was...

  4. Small business ill-prepared for tech hurdles

    on small businesses too, with 40 per cent of respondents saying their business suffered from a tech skills shortage over the last two years, while nearly a quarter said they were relying on new government and policies to recruit. “Technology, upskilling...

  5. Small business given fail mark for websites, social media

    Small Business Digital Taskforce. The Navii Digital Health Check survey, which quizzed 602 SMEs between August and December last year, gave small business a failure mark of just 32 per cent for its website, SEO and social media practices. Only slightly...

  6. Small business debt and tax gap at top of ATO hit list

    even bigger problem with the total taxes outstanding blowing out from $39 billion at the start of 2019 to about $60 billion last January. “Of this, more than $37 billion is defined as collectable, which means either not disputed and not insolvent.” “Of...

  7. Small business Budget good news for accountants

    Last night’s federal Budget contained good news both for small businesses and their accountants. The Treasurer last night announced a $5.5 billion small business package, including a 1.5 per cent corporate tax cut and new accelerated depreciation...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business

  8. Small business a weak link in digital economy, says CPA Australia

    are growing faster thanks to technology. Australian small businesses grew more slowly than their peers in the Asia Pacific last year, according to CPA Australia’s latest Asia-Pacific Small Business Survey, and their failure to embrace technology is a...

  9. Small business ‘needs triple-pillar of Budget support’

    for help. “Our small business survey shows 40 per cent of people in Australia sought advice from an accountant in the last 12 months, and 8 per cent sought advice from government,” Mr Ord said. “So if you want to maximise the impact of this project, you...

  10. Small business ‘dying from a thousand cuts to consumer spending’

    whole economy struggles – they really are the lifeblood of the economy.” Her own experience suggested consumers were making last-minute decisions to cut back. “A local restaurant that is a MYOB customer posted on their Facebook on Saturday night saying...

  11. Small business ‘at risk’ if NSW workers comp rises 33%

    A huge increase in premiums could be the last straw for many, says COSBOA. NSW small businesses will be unable to employ more people or help grow the economy if a projected 33 per cent increase in workers compensation payments is realised, according to...

  12. Sluggish TPB processing as 19,000 financial advisers registered

    constraints. We are always looking for ways to improve our processes to achieve greater efficiency,” said Mr Taylor late last year. “However, the additional tax (financial) adviser renewal requirements may impact on the service standards we have...

  13. Sluggish stats call for ‘bold, decisive’ action in accounting

    year. This represents a 0.1 per cent increase compared to the 25.3 per cent representation for the same reporting period last year, and is well short of the AICD’s 30 per cent target. Similar patterns exist in the accounting profession, most notably...

  14. Slipstream adds financial services exec to coaching roster

    members. Mr Smith’s appointment would be Slipstream’s first addition since financial planner Nina Forbes joined in July last year. It said its coaching roster included “highly credentialed” authors, business owners and mentors, selected based on their...

  15. Sky-high demand for staff ‘the number one problem’

    opportunity to identify real solutions”, CPA Australia said. ABS data showing the unemployment rate fell to 3.4 per cent last month simply reinforced the fact that “thousands” of accountants were needed to make up the shortfall, CPA Australia general...

  16. Skills shortage driving SMEs to the brink, says Insolvency Australia

    With supply chain problems and rising inflation, an inability to find workers is the last straw for many. The nationwide skills shortage is becoming a key factor in forcing businesses into insolvency with SMEs hardest hit, said Insolvency Australia....

  17. Skilled migration system ‘unfit for purpose’

    fail to meet their needs. There are over 1,000 such agreements currently in place, increasing almost two-fold in the last 18 months.” The report said while changes in policies to increase labour supply and promote skill acquisition for the local...

  18. Skill drought forces accountancy to trial four-day week

    skill drought. “The intention was to have a happy team and have a great culture here, but as we’ve moved along, even in the last three to four months the labour shortage has gotten much worse and we’re really struggling,” said Ms Holden. “We can’t...

  19. Six steps to scaling your firm: part 2

    Following part one of the six steps to scaling your firm through outsourcing, part two looks at the last three steps in how to use offshoring to grow your accounting firm. Accounting firms that wish to scale and grow often turn to outsourcing, but they...

  20. SISFA warns against special treatment for accountants in advice reform

    Association, with the aim of reforming and simplifying the current advice framework. Speaking at a Pritchitt Partners event last week, SMSFA chief executive John Maroney said the groups were working through a blueprint to take to government around a...

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