Accounting firm, related business ordered to pay $26 million in damages after misusing client intel
A Ballarat accounting firm, one of its directors, and an associated business have been ordered to pay $26 million in damages to former accounting clients after pursuing a business opportunity under consideration by those same clients.
Four ways Australia’s new migration strategy could affect your business or startup
Employers can expect to pay higher wages when recruiting talent from overseas, and new rules will crack down on "non-genuine" students and dodgy education providers, under a long-awaited reset of Australia's temporary migration regime.
Optus outage: Federal government urges compensation for small businesses
Compensation for small businesses hit by yesterday's Optus network outage "has to be on the table," Financial Services Minister Stephen Jones says, as entrepreneurs across the country deal with the aftermath of lost sales and severed communications.
Scrapped: Business registry modernisation scheme halted after projected $2.3 billion blowout
It was meant to slash costs and complexity for Australian businesses. Instead, the federal government has scrapped the Modernising Business Registers program, owing to billion-dollar blowouts, crushing delays, and a significant underestimation of the task at hand.
One in four personal insolvencies were business-related in June, and the number is set to climb
One in four personal insolvencies recorded in June were business-related, as officials and bankruptcy professionals alike prepare for insolvencies to rise over the next year.
“My cocoa prices have doubled”: Small businesses explain why chocolate prices will soon surge
Australian specialty chocolate makers are considering how to pass rising costs on to consumers, as some small businesses say the cost of cocoa has doubled from pre-pandemic levels.
Passion is great but it is also the biggest business killer. Here’s why
The author says passion is delicious, fiery and exciting, and gives you a fizz in your belly. But it’s also incredibly short-lived.
From wineries to babysitting vouchers: How local small businesses are preparing for Taylor Swift’s Australian tour
Small businesses across Australia are planning new products and events to coincide with Taylor Swift's 2024 stadium tour, as cities already graced with the superstar's presence report millions of dollars in economic benefits.
Cyber criminals are exploiting out-of-office emails to scam small businesses
Something as simple as including holiday details in your out-of-office email could give cyber criminals an edge over your business, SME experts warn, as the methods used by digital crooks become increasingly advanced.
Why I’m starting a lifestyle business after almost 17 years chasing startup glory
There was a time in the author's life when he was prepared to give absolutely everything to a company. But not anymore. Here's why.
Commonwealth Bank unveils account ‘name and shame’ system to tackle email scams
Commonwealth Bank has announced a new security feature which highlights account names when users make a first-time payment, saying the addition will cut down on scams — particularly those using hacked business accounts.
Businesses, councils will launch 1000 new fleet EVs in 2023 through NSW government’s $105 million grant scheme
More than 1000 new electric vehicles will fill out business and local council fleets in 2023 as a result of the New South Wales government's $105 million EV funding scheme.