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Let’s Talk… Late Payments

SMEs are vulnerable to late payers in Australia, with Small Business Ombudsman Kate Carnell stating, in April, that larger organisations are using them as...

ASIC launches crowd-sourced funding regime

Small to medium-sized businesses will have an opportunity to access crowd-sourced funding to help them begin or grow their business when the Australian Securities...

Excessive payment surcharge ban now in effect; consumer advocate encourages no surcharges

All businesses across Australia are now banned from hitting customers with excessive surcharges for using certain types of EFTPOS, Mastercard, Visa and American Express...

From unfair contract terms to optimism: A VSBC update on Victoria’s small businesses

The Victorian Small Business Commissioner, Judy O’Connell, provided Dynamic Business with insights into the state’s small business sector, including barriers to growth and the...

Headed for financial trouble? Spotting the warning signs could make all the difference

Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality...

Why cash is king for small businesses

The strange thing is you can have a full order book and see that your business is really taking off, but if you don’t...

The energy market: “If we don’t fix it, small businesses will close,” warns Kate Carnell

Small business operators have been described as “the forgotten people in Australia’s energy crisis” by the Australian Small Business and Family Enterprise Ombudsman, Kate...

How a debt detox could help your small to medium business in the new financial year

Many SMB owners think that that debt management is frustrating, repetitive and even awkward, but it doesn’t have to be. When approached with professionalism...

Debt recovery: what to do and when to do it

Are you struggling to make ends meet? Do some customers take liberties and pay you weeks or months after you finish the work? Do...

Small businesses urged to prepare now for forthcoming excessive payment surcharge ban

The Australian Competition & Consumer Commission (ACCC) is urging small business owners to prepare themselves for the excessive payment surcharge ban that will apply...

When small business suppliers are paid late, this “slows down cash flow for all”: MYOB

Companies that sign-up to the voluntary Australian Supplier Payment Code commit to not only paying small business suppliers within thirty days of receiving a...

Top tips to get your SMB paid by EOFY

Getting paid: one of the toughest issues every small business owner faces. As if building a great reputation, creating a stellar client list and securing...

Most small businesses owners haven’t taken advantage of the $20k instant asset write-off

The Australian Small Business and Family Enterprise Ombudsman has encouraged small business operators to take advantage of the Government’s instant asset write-off extension. More businesses...

Square launches one-shop-stop for SMBs seeking countertop payment solutions

To save business owners the hassle of having to source over-the-counter payment solutions from multiple vendors, Square has launched an online, one-stop shop offering...

The 2017 Budget is a good starting point but more is needed as SMBs take the global stage

The continuation of the $20,000 instant tax write-off for small businesses will come as little surprise: the Treasurer had been hinting heavily at this...

Federal Budget: small business $20k instant asset write-off scheme extended by one year

Businesses with an annual turnover of up to $10 million will benefit from the $20,000 instant asset tax write-off scheme for a further 12 months,...

A permanent $20k tax write-off for SMEs would help arrest government distrust says MYOB CEO

Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by...

The French election: How Australian businesses can prepare for a fresh round of uncertainty

In recent times, Australian businesses with global ties have experienced a prolonged period of uncertainty, riding out everything from Trump’s unpredictable administration to Theresa...

‘Act like a large company’ and other tips to help SMEs avoid the sting of late payments

Last week, the Australian Small Business and Family Enterprise Ombudsman released the findings of the Inquiry into Payment Times and Practices in Australia. The...

Small businesses being used as ‘cheap form of finance’ by larger ones: late payment inquiry

By extending payment times to small businesses in the supply chain, large Australian and multinational organisations are effectively using them as ‘a cheap form...