Business owners trying to tough out financial troubles are ending up in strife, insolvency probe reveals Business Advice Matthew Elmas 18 November 2019 Kate Carnell says business owners are leaving it too late to seek help for financial troubles as the insolvecy practices inquiry continues.
New GST rules ‘level the playing field’ for independent hotels, ATO says Tax Matthew Elmas 31 October 2019 The tax office says new rules bringing some multinational online travel agents under the GST blanket will 'level the playing field' for SME operators.
Michaelia Cash slams “unacceptable” big business payment times, dodging questions about ‘reverse factoring’ Politics Matthew Elmas 24 October 2019 Michaelia Cash has dodged questions about whether the government will enable ASBFEO to use the full extent of its powers to examine reverse factoring.
“Don’t touch these people”: Beware pre-insolvency advisors as industry faces review Finance Matthew Elmas 11 October 2019 Two pre-insolvency advisors are pleading guilty to money laundering in a case brought by ASIC as two separate reviews pledge to examine the industry.
Small business insolvency under the microscope as ombudsman investigates restructuring Finance Matthew Elmas 10 October 2019 Kate Carnell will investigate the operation of insolvency practitioners in a new inquiry that will examine why restructuring rates aren't higher.
“Holding back the economy”: What’s causing the SME credit drought? Funding Matthew Elmas 9 October 2019 An array of sources report that access to finance is worsening for Australian SMEs, prompting broader fears for the health of the economy.
“One-off opportunity”: Government offers olive branch to businesses with superannuation amnesty extension Superannuation Priscilla Pho 23 September 2019 A proposed superannuation amnesty extension will allow small businesses to address any outstanding Superannuation Guarantee obligations without penalties.
Axing of SME patent regime paves the way for ideas theft, ombudsman warns Intellectual Property Matthew Elmas 10 September 2019 The government is planning to move ahead with a bid to axe an SME patent regime set up to make it easier for businesses to invest.
Kate Carnell to review R&D tax incentive processes, while tax commissioner lays blame with advisory industry Startup News Stephanie Palmer-Derrien 30 August 2019 Kate Carnell has launched an investigation into the R&D tax incentive scheme, however, the ATO’s tax commissioner has shirked responsibility.
‘Blurred lines’: Businesses turn to consumer credit as access to finance worsens Finance Matthew Elmas 9 August 2019 Credit conditions for small businesses have worsened further over the last 12 months as housing prices fall, increasing risks for entrepreneurs.
“Not good enough”: Pressure on banks over tap-and-go fees as uptake laggs Retail Matthew Elmas 9 August 2019 Tap-and-go payment fees are in the spotlight again with industry groups calling for banks to be "more proactive" about educating customers.
‘Struggling to pay debts’: Construction woes highlight need for sub-contractor protections Construction & Engineering Matthew Elmas 5 August 2019 A spike in bad debt activity in the construction sector highlights an ongoing need for tougher laws to protect sub-contractors from being ripped off.
