Up to $20k tax break for SMEs that install solar, electrify heating, and more in pre-budget promise
Up to 3.8 million small and medium-sized businesses will benefit from the tax incentive to make their energy usage more sustainable and efficient.
Non-bank lending on the rise, as heightened interest rates squeeze small business
Small business demand for non-bank lending solutions has risen 50% over the last year, business lender ScotPac says, suggesting the time and effort required to obtain traditional financing, along with rising interest rates, are causing entrepreneurs to look further afield.
Inflation has peaked, but interest rate rises are still likely
Inflation is likely to keep easing as both the “headline” and “trimmed mean” measures are heading in the right direction.
Australia’s Android payment race accelerates as Stripe launches tap-to-pay for businesses
American payments fintech Stripe has launched a new suite of products Australia, challenging incumbents like Square and Zeller by offering small businesses access to Tap to Pay on Android and its own Terminal POS system.
The ‘blockbuster’ review of the RBA by Jim Chalmers and what it means for its future
Chalmers offered in-principle agreement to all 51 of the panel’s recommendations and said he would be seeking support from the Opposition for any legislation needed to implement them.
Small businesses can drive up Australian productivity. But they need support
The prosperity of future generations of Australians is at risk as our economy faces a persistent decline in productivity growth.
Family-run Bevilles cashes out for $45 million as Michael Hill takes ownership of jewellery retailer
The Bevilles jewellery chain will fold into the Michael Hill retail group in a deal worth $45 million, the ASX-listed firm has announced, ending nearly 90 years and three generations of ownership by the Beville family.
Social enterprises can help with the budget bottom line. Here’s how
What sets social enterprise apart is the social mission that sits at the core of the company’s business model.
The great wave of business insolvencies is here, ASIC data shows, with cave-ins at their highest rate since mid-2019
Australian businesses are caving in at the highest rate since before the COVID-19 pandemic began, new data shows, suggesting a long-forecast wave of insolvencies is now surging over the Australian economy.
Six “urgent” actions the government can take to support women in the 2023 federal budget
Special advice prepared by the Women’s Economic Equality Taskforce was handed to the government that focuses on six key areas.
Businesses lost $23 million to scams in 2022, as false invoices hit SMEs hard
Australian businesses reported an astonishing $23.2 million in scam losses across 2022, with new data from the ACCC showing small firms are persistently vulnerable to email compromise and false billing scams.
Meal kit subscription Dinnerly freezes prices for six months to tackle cost-of-living pressures
Dinnerly says the decision is part of its mission to help Australian families better manage their weekly food costs, tackle cost-of-living pressures and reassure consumer confidence.
