New insolvency laws: 4 actions small business directors must take

Image credit: Scott Graham

There are four key actions that small business owners should take immediately, to ensure they are well positioned once they, or their suppliers, come off JobKeeper this month.

5 ways your business could benefit from open source technology

Image credit: ThisisEngineering RAEng

Here are five reasons why open source technologies are beneficial for businesses looking to stay competitive in digital transformation…

The changes in insolvency & restructuring rules that could catch out Australian businesses

Image credit: Scott Graham

“COVID Safe Harbour” insolvency rules have been replaced by legislation that includes a new, streamlined SME restructuring process…

How to keep business costs down, while still achieving your strategic goals

Image credit: Riccardo Annandale

Making cuts to costs that are too deep can impact employee and customer satisfaction. Don’t cut costs enough, it can embed inefficiencies into the business or threaten viability. So…

Top SME opportunities and challenges for 2021

Unsurprisingly, the top four challenges and top three opportunities facing SMEs in the coming year are a result of COVID-19 related financial pressures, according to the latest ScotPac SME Growth Index research. When asked what they are most positive about for 2021, the most common response was getting “back in the black” (24%), and the… Continue reading Top SME opportunities and challenges for 2021

Want to do business with the Federal Government? Start E-invoicing

As part of its recently announced Digital Business Plan, the Federal Government has committed AUD3.6 million towards mandating the adoption of electronic invoicing for all Commonwealth government agencies.  The move aims to encourage greater adoption amongst businesses supplying to government and within their supply chains.  The mandate comes into effect as of 1 July 2022 and… Continue reading Want to do business with the Federal Government? Start E-invoicing

60% of small businesses shut down within first 3 years: H&R Block has ‘Grants for Growth’ to stop it

With more than 60% [1] of small businesses shutting down within their first three years, Australia’s leading tax accountants, H&R Block are offering small business and start-up’s a helping hand with the initiative; ’Grants for Growth’.  Now in its second year, the grant offers support to budding entrepreneurs who need an extra boost to transform… Continue reading 60% of small businesses shut down within first 3 years: H&R Block has ‘Grants for Growth’ to stop it

Happy new financial year! A small business guide to the tax changes

By Matthew Prouse, Head of Industry, Xero Australia New financial year, new obligations and opportunities… If you’re like most small business owners, you’re probably focused on closing out the 2018-19 financial year. But it’s worth taking a moment to consider the year ahead too. There are new regulations to be aware of in 2019-20 –… Continue reading Happy new financial year! A small business guide to the tax changes

Why document management is critical for small business growth

Byline: Scott Crosby, CEO, Upstream The merit in going paperless for small and medium businesses (SMBs) is clear: digitally stored documents, information, and files save businesses time, money, and resources. SMBs are increasingly taking up document management technology to better manage their finances, customer data, and employee details, leaving behind the physical paperwork proven to hold… Continue reading Why document management is critical for small business growth

Are you making any of these 7 mistakes when hiring payroll staff?

By Tracy Angwin, CEO and payroll expert at Australian Payroll Association Are you looking to hire new payroll people? Payroll staff are an integral part of any organisation, whether it be in a finance or HR capacity. However, the reality is that it’s a specialist set of knowledge and skills that are unique to the… Continue reading Are you making any of these 7 mistakes when hiring payroll staff?