Small business contributes half a trillion dollars to Australian economy, provides 5.1 million jobs, says new report
Australia's small business sector contributes more than half a billion to national GDP and provides jobs for 5.1 million people, according to a new snapshot of the local business landscape.
From global expansion to new sales channels: An insight into Gymshark’s financials
Gymshark has stuck to its DTC strategy since the beginning of the business, but for the first time ever, we saw revenue generated from wholesale channels.
Visa and Mastercard to limit “tying conduct” that offers some merchants cheaper credit processing fees
Payment giants Visa and Mastercard have pledged not to offer merchants cut-price credit transaction rates if they lock into their debit transaction systems, a move small business advocates hope will level the playing field for local SMEs.
Dirty money continues to be a huge problem in Australia. Here’s the solution
Australian banks, casinos and organised crime groups have all been at the centre of the nation's dirty money problem.
Half of new investors are women, but investment gender parity still a way off
Australia has witnessed a significant increase in the number of women investors entering the market, surpassing previous records.
One third of Australian small businesses owners can’t pay themselves: Xero data
Some business owners are even dipping into their personal savings to mitigate rising costs and make a profit, the report states.
$1.55 billion in SME tax breaks pass in Senate, clearing path for major bonus deductions
Small business tax breaks valued at $1.55 billion have passed in the Senate, clearing the way for enterprises nationwide to claim up to $20,000 in bonus deductions this tax season.
Recognising migrant qualifications could boost Australian economy by $1 billion
The Billion Dollar Benefit report states Australian economy could benefit to the tune of over $1 billion if more was done to harness the skills of migrants and refugees.
Tattoo BNPL platform INKPAY collapses, claiming new credit regulations will cut too deep
INKPAY, a buy now, pay later platform dedicated to tattoos has collapsed into administration, after claiming the cost of new regulations which treat BNPL like a traditional credit product will be too much to bear.
Great Resignation continues: Cash-strapped employees expect to change jobs within 12 months
Even as the 'Great Resignation' continues, about 42% of the employees surveyed said they planned to demand a pay rise to cope with the higher cost of living, up from 35% last year.
A money coach shares 11 EOFY tips for small business owners
This EOFY checklist may help you meet your legal obligations and help your small business get ready for the upcoming tax season.
Chalmers boasts 3.6% unemployment rate, says record 465,000 jobs created in Labor’s first year
Treasurer Jim Chalmers says the national economy is prepared to take on global headwinds, following data showing Australia outperforming international peers.
