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  1. SMEs still passive about technology, finds MYOB

    the long-term plan, that's what they've got to think about.” Mr Raik-Allen said that SMEs in Australia are still hesitant to lead the way with new technology. “I was quite disappointed in some cases in some of the results around just how much we are not...

  2. SMEs should be alert to $20K write-off this EOFY

    accounts are actually not pointing the other way and that the director owes the business money, because that could actually lead to some adverse tax consequences,” he said.

  3. SMEs reveal pessimistic forecast

    Nearly half of Australian SME owners believe the economy will decline in the next year, leading to a pessimistic forecast of their own performance. MYOB’s Business Monitor survey of more than 1,000 SME owners has found that 42 per cent of those...

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

  4. SMEs mental health support gets a boost

    Deborah Jenkins, said the tax office is aware of the “enormous” pressure facing Australian small business owners, in the lead up to World Mental Health Day on 10 October. More than one in five Australians experience some sort of mental health condition,...

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

  5. SMEs lead calls for company tax cuts

    Australian SMEs have voiced their opinion on a cut to company tax, claiming that it will keep the country competitive on a global scale. The latest SME Snapshot from cloud accounting provider MYOB has shown that 53 per cent of the 400-plus SMEs...

  6. SME tech adoption key to driving economic activity, COSBOA says

    and affordable tools. With these enablers in place, small businesses will be well placed to weather future volatility and lead Australia’s next chapter of inclusive and digitally-driven economic growth.”

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

    year on year, underscoring ongoing business difficulties in the state. In contrast, South Australia and Western Australia lead with year-on-year growth rates of 8.4 per cent and 8.2 per cent, respectively, showcasing regional disparities in business...

  8. SMC urges government to ‘safeguard’ Australian super

    Using super for house deposits will lead to a spike in property prices and upward pressure on rental payments, according to research by the Super Members Council. New research by the Super Members Council suggests the coalition policy to use super for...

  9. Smart SMEs utilise data, says Deloitte

    cloud used by the smartest SMEs alongside social and mobile to better connect with their customers in real time, anytime. Lead researcher and Deloitte Access Economics Director, John O’Mahony said the survey paints a picture of an increasingly...

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

  10. Small change to secrecy provisions could combat phoenix activity: Joint bodies

    for new tax regulator secrecy provisions, as previously reported. Belinda Zohrab-McConnell, regulations and standards lead for CPA Australia, said the confidentiality of protected information was integral to maintaining taxpayer confidence to openly...

  11. Small businesses may ‘collapse under strain of payday super’, IPA warns

    to accommodate the more frequent payment of SG. The association also warned that more frequent SG contributions will lead to higher costs for employers by way of processing costs and higher transaction and servicing costs. “In addition, the cashflow...

  12. Small businesses in need of a Christmas pick-me-up

    the likelihood that “it will take a while for small businesses impacted by lockdowns to get back on their feet”. “As we lead into the festive season and summer holidays, it’s really important that Australians continue their support of small businesses,...

  13. Small businesses ‘overwhelmed’ by EOFY tax compliance, survey finds

    or receipts (32 per cent), forgetting to claim a significant deduction (31 per cent), entering incorrect figures that lead to tax errors (14 per cent) and accidentally deleting crucial financial records (11 per cent). Respondents said the biggest...

  14. Small business ombudsman to undergo review

    creation, this process will help ensure that support is targeted in the right places.” The review team will be chaired by a lead reviewer, Su McCluskey, assisted by a secretariat, and is required to be completed by no later than 30 June 2017. A...

  15. Small business must be ruthless over payments: CreditorWatch

    payments was starting to have a serious impact. “Trade receivables continue to decline and trade payments defaults, a lead indicator of insolvencies, are at their highest point since October 2020,” he said. “Small businesses are crying out for...

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

    technology support because of the government’s strategy to become a top 10 digital economy in 10 years. But Asia would still lead the way. “Our competitors are putting a lot more money into helping the SME sector succeed in this digital environment than...

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

    a busy Christmas that doesn’t eventuate and then they’ve got cash outflows without the money coming in, which could lead to a lot of discounts to move the stock early next year.” “We probably will see a spike but we’re concerned it won’t be the same as...

  18. Small biz accountants, bookkeepers on notice as audit locked in

    various industries, including retail, accommodation and food services. “Businesses should be warned that non-compliance can lead to action ranging from formal cautions and on-the-spot fines to litigation for the most serious breaches,” said Fair Work...

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

    Mr Calabretta. “It creates a domino effect where the staff shortages result in a loss of customer service and ultimately lead to reduced revenue.” Mr Calabretta said moves by the government to ease staff shortages with visa rule changes might not come...

  20. Skills in demand this financial year: part 1

    be the implementation of new add-on systems to automate finance processes and improve efficiency. In some cases this will lead to redundancies, however there’s also a real focus from employers on upskilling top employees in order to redeploy them into...

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