When good credit becomes bad credit
In a perfect world, suppliers would prefer to be paid cash up front. However, in reality, the world works on credit. Trade credit is inevitable...
MYOB and BPAY collaborate to speed up business payments
MYOB has teamed up with BPAY to offer a new invoice payment method, which was rolled out to MYOB customers last week (May 15),...
Efic helping high-growth business take on export opportunities
Seeing Machines has gone from strength to strength since 2000, when the business was founded as part of an association with Australian National University....
The break small businesses deserve
Obtaining finance can be challenging for any business but it is an acute difficulty for micro and small businesses in their start-up phase.
Having the...
Non-bank business lenders growing in popularity amongst SMEs
There is no doubt the big banks remain major players in the SME lending market however, there has been a steady rise in the...
Small business loans in Australia: should you seek finance from a bank or an online lender?
Considering the small business sector employs nearly half the national workforce and contributes around $380 billion to Australia’s GDP , it’s easy to see...
Wolf amongst the sheep: does your business have any bad debtors hiding in its flock?
With companies increasingly defaulting on payments, going into administration and getting wound up by the ATO, small to medium businesses are more vulnerable than ever to bad...
A tale of two SMEs: what distinguishes a growing business from a declining one?
What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue?
Twice a...
Career breaks fuelling gender superannuation gap; super an ‘afterthought’ for SMEs owners
By the age of retirement, the average working woman will have lost $160,000 in superannuation due to career breaks, according to REST Industry Super....
Proposed tax debt disclosure laws ‘unlikely to help SMEs’, says debt collection agency’s CEO
Much has been said about the benefits SMEs will see from new draft legislation recently proposed by the Federal Minister for Revenue and Financial...
Accountants urge government to legislate against the late payment of small businesses
The Institute of Public Accountants (IPA) has called for the Federal Government to improve the financial outlook of SMEs by introducing a loan guarantee...
Aussie businesses welcome easier access to money
The current interest rate in Australia is 1.5%. It has been that way for 16 months +, as the Australian central bank pursues an...
“We’re helping SMEs navigate the lending market for the best loan outcome,” says ebroker CEO
Due to the ‘gigantic profits’ banks derive from processing the ‘lion’s share’ of home loans in Australia, traditional lenders haven’t had a compelling case...
Turnbull Government paying 60% of its small business invoices within 20 days, report shows
Federal Government agencies are paying 96% of their small business contractors within thirty days of receiving an invoice, according to a new report.
Minister for...
How to survive the Christmas blackout period
The Christmas Blackout period can bring Australian small businesses to a halt as wage bills take priority and payments begin to dry up. With...
The Federal Government commits to paying small businesses ten days sooner by July 2019
The Federal Government will begin paying small business suppliers ten calendar days sooner to improve their cashflow, it has been announced.
Under the Government’s...
How to master risk management in an SME
Every business owner understands that the rewards of running their own company are immeasurable, but the tradeoff is that you also bear the brunt...
Partnerships to support Australian SME growth
For small and medium businesses (SMEs) that want to take on new export opportunities, understanding your business’ working capital position is critical. Working with...
Small business ombudsman Kate Carnell calls for prompt payment of government subbies
Stating that small business subcontractors are vulnerable to delayed payments, the Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has announced she is...
Rising energy costs curtailing SME growth; Ombudsman blames price gouging, politics
Research showing that SMEs are reducing capital expenditure due to rising energy prices has prompted criticism of the state governments by the Australian Small...