Business

SMEs enter ‘survival mode’, rate cut hopes fade

Quarterly lending data shows small businesses are shelving growth plans, with loan applications falling 20 per cent in...

25 July 2024 • By Christine Chen

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Business

SME Bootcamp returns in 2024

Registrations have opened for the SME Bootcamp – a free summit that could transform the way accountants and brokers...

13 June 2024 • By Miranda Brownlee

Business

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...

31 May 2024 • By Miranda Brownlee

Business

ScotPac, Gallagher partner for better SME finance and insurance services

The deal will allow clients to easily access both firms’ products as well as preferential premiums and rates.

24 May 2024 • By Christine Chen

Business

SMEs face recession-like conditions as consumer spending dries up

Low demand but high cost pressures are hitting hospitality businesses the hardest, CreditorWatch says.

22 May 2024 • By Christine Chen

Regulation

Government must right-size climate disclosure laws for SMEs or risk costly...

CA ANZ has long advocated for climate reporting standards, but compliance under the government’s proposed legislation...

17 May 2024 • By Amir Ghandar, CA ANZ

Business

Popular $20k tax break fails to move needle on SME cost pressures

A MYOB survey finds the instant asset write-off scheme was the FY22–23 budget’s most popular relief measure for small...

15 May 2024 • By Christine Chen

Regulation

SMEs still unaware of payment times regime, government told

CA ANZ and CPA Australia have said there has been little improvement in actual payment times and the government should...

13 May 2024 • By Christine Chen

Technology

A quarter of SMEs investing in AI, automation, NAB data reveals

Almost one in four SMEs have already invested in emerging technology solutions, while a further 20 per cent plan to in...

20 March 2024 • By Miranda Brownlee

Regulation

ATO issues $23m in assessments after latest ESST raids

The Tax Office has conducted raids on 17 premises in the past two weeks as part of its continued crackdown on...

06 March 2024 • By Miranda Brownlee

Technology

National AI Centre offers free AI education to SMEs

Australian small and medium businesses will now be able to access a free course in AI through TAFE NSW.

05 March 2024 • By Miranda Brownlee

Business

Government commits $41m to power SME energy relief

Businesses will be able to apply for grants of up to $25,000 to switch to more efficient equipment, saving on energy...

12 February 2024 • By Miranda Brownlee

Tax

2 in 3 SMEs benefit from instant asset write-off, survey reveals

The uncapped version of the instant asset write-off scheme was extremely popular among SMEs with the average spend...

31 January 2024 • By Miranda Brownlee

Business

SME job growth fall ‘a sign of recession-to-come’

The first decline in six months points to challenges ahead for small business, says Employment Hero.

25 January 2024 • By Philip King

Business

Insolvency data reveals ‘COVID lag’ impact on SMEs

ASIC says its FY23 statistics show many small businesses, particularly in construction, failed to recover from the...

21 December 2023 • By Philip King

Business

SME wages fall for first time in 6 months

Employment Hero calls for an end to rate hikes after payroll data showed easing pressures in the labour market.

20 December 2023 • By Christine Chen

Business

Regional SMEs ‘fret over financial health, inflation’

A “yawning financial gap” has opened up between metro small businesses and their country cousins, survey finds.

15 December 2023 • By Philip King

Business

90% of SMEs to dial back borrowing in 2024, survey finds

Higher borrowing costs and living pressures have prompted small and medium businesses to adopt a raft of conservative...

07 December 2023 • By Christine Chen