Posts Tagged ‘small business’
Federal Budget Wrap 2023-24
Treasurer, Jim Chalmers, delivered the 2023-24 Federal Budget last night, where the Government has outlined a raft of measures which aim to strike a “considered, methodical balance” between fiscal restraint and supporting Australians through the current difficult times. The Government has announced a small surplus of $4.2 billion this financial year, the first in 15…
Read MoreSmall business technology investment boost
Small businesses that incur expenditure relating to an adoption towards becoming a digital business will be entitled to a bonus tax deduction.
Read MoreCOVID relief is over for business owners, and now the struggle is real
We don’t like to focus on the negative, but bear with us on this one. Small business owners currently face government legislated (and industry-led) wage and superannuation increases, increasing energy and supply costs, a tight labour market, increased pressure from the ATO…where can a business owner – who employs Australians and supports the Australian economy…
Read MoreWhat a Labor government means for small business
After 9 years of Liberal government, small business is watching with bated breath to see if Labor is able to support them in the way that they need. Here’s what they’ve promised so far… Albanese has enacted his campaign promise of a minimum wage increase of at least 5.2%, in line with headline inflation – see…
Read MoreSmall business defence against inflation
Inflation is the latest concern for small business. Levels in the USA are concerning, and while it is not as bad here in Australia, trends such as higher cost of living and increasing interest rates have us all on alert. The current inflation rate is 5.1% – Small businesses need space and opportunity to rise…
Read MoreNew round of government supports announced for small business
Some have said that ‘living with COVID’ has been worse for business than lockdowns. Thankfully, those worst affected over the summer period are now able to access the NSW government’s 2022 Small Business Support Program as well as extended financial relief programs. Here’s the what and how… The 2022 Small Business Support Program is for…
Read MoreBusiness insolvencies set to rise in 2022
Credit reporting company, CreditorWatch, has released its report on business activity through January. The latest results indicate that the Australian economy is likely to recover at a slower pace than desired, with a follow-on effect of more insolvencies. Here’s what to look out for and the proactive steps to take if your business is feeling…
Read MoreBusiness steps to keep people safe and doors open
When restrictions eased in October 2021, hopes were as high as the vaccination rates. We were ready to ‘learn to live with COVID’. Then Omicron ripped through families, communities and businesses, challenging safety, staff and supply. How can a small business owner compete with Omicron in order to protect staff and consumers, and continue to…
Read MoreCOVID-19: Small and medium business support package
Support for businesses impacted by COVID has changed shape in the last week or so. Here is what you need to know about the latest small and medium business support package… Joint State & Commonwealth support How much 40 per cent of a business’s NSW payroll payments, at a minimum of $1,500 and a maximum…
Read MoreHow business can stay profitable in a discount world
We live in a consumer savvy world, where consumers hunt down the best prices from the comfort of their lounge rooms, and anonymously review products and services with the click of a button. It’s no wonder price discounting is so common – businesses are competing to provide the best quality and value. It can be…
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