Just 1% of Australian businesses have signed up for eInvoicing. Now, the ATO is set to double down on the time-saving scheme
Two years after launch, the eInvoicing system had only reached 25,000 of Australia's estimated 2.5 million businesses.
“Critical”: Small Business Minister Julie Collins urges SMEs to share views for payment times review
The federal government has urged small businesses to share their thoughts on how to accelerate payment times between major companies and their suppliers.
“Concerning”: Payment times watchdog to investigate as small businesses wait an average of 35 days for reimbursement
Australia's payment times watchdog says it will intensify its focus on big businesses in 2023, after the release of "concerning" data showing the average payment time to small businesses barely budged in 2022.
Prepare for 2023: 12 steps SMEs should take before Christmas
Alongside carols, gifts and roast spuds, here are 12 steps for the 12 days of Christmas that business owners and managers should prioritise to get ready for 2023.
Tap to the future: Government could crack down on payment companies making it harder for SMEs to access the cheapest fees
A new Treasury consultation paper puts the spotlight on least-cost routing: the system allowing small businesses to choose the cheapest payment system whenever a customer taps their card.
Treasury to conduct payment times review as small business invoice times stretch to 33 days
The Treasury has committed to a review of the federal Payment Times Reporting Scheme, earning plaudits from small business representatives.
Aussie small businesses fear they will miss summer sales targets as cost-of-living pressures continue to bite
Data from Xero also revealed that 28% of small businesses are similarly concerned they will miss their targets due to the cost of new supplies and equipment.
Pay day: What payment options should you offer your staff?
Offering your staff a real-time earned pay access option allows your business to contribute to your employees’ financial and psychological wellbeing.
Contracts, cashflow and equity: Five signs a building company might collapse
The last year has been tough on the building industry with around eight in 10 construction companies forced to use their own funds in order to complete a client's home.
Why inventory bloat is hurting your cashflow, and what you can do about it
Inventory bloat combined with a softening demand in the economy is taking its toll on cashflow and earnings at retailers in the US, and analysts fear Australian retailers face a similar fate.
“Incredibly disappointing”: Billson lashes big business over late invoice payments
Small Businesses and Family Enterprise Ombudsman Bruce Billson has eviscerated the more than half of big businesses in Australia that are failing to pay their suppliers on time.
As interest rates rise, here are proactive steps your business can take to improve the situation
The action your business should take in response to increasing interest rates depends on whether you have cash or debt.
