Businesses have been plunged into further uncertainty as the Senate inquiry into R&D tax incentive (‘RDTI’) reforms is delayed a third time this year. What do we know so far? The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (‘the Bill’) was introduced on the 5 December 2019 to reform RDTIs. Treasurer Josh […]
Last Tuesday (21/07/2020), the Australia Treasury announced that they are going to extend the JobKeeper payment up to 28 March 2021, six months longer than the initial deadline. According to Prime Minister Scott Morrison, the newest reports on JobKeeper and JobSeeker have shown how both schemes helped businesses to stay afloat during this time. “The […]
Victoria and Melbourne’s metropolitan area started their second lockdown last week, which will last for the next six weeks, as the state saw a spike in coronavirus cases. The unexpected secondary lockdown may have harmed businesses within the hospitality sector to such a extent that it proves fatal. Melbourne is currently in stage three of lockdown […]
In a retail landscape marked by unexpected and sudden closures, businesses that might not have considered going online at all have had to make the leap to an online store very suddenly. Urgently shifting to an online presence amid COVID-19 has forced a lot of retailers into choppy water, however, in the longer term, taking […]
Research reveals that, before the outbreak of COVID, 2 in 3 businesses had planned on investing in capital in FY21, which asks the question of whether the asset write-off threshold should be extended further. The figure comes from an independent survey of 261 Australian businesses – 88 per cent of which are SMEs – commissioned by Money.com.au, […]
How can employers best support their parent employees during this time, with the COVID-19 pandemic forcing many businesses to adopt work from home models? Recent weeks have seen many businesses and organisations embrace remote work to continue operating throughout the COVID-19 pandemic. Although this is causing challenges for all employees, it’s a particularly challenging time […]
Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), urged senators to pass the Australian Business Growth Fund Bill on Wednesday. Ms. Carnell explained that the bill would significantly encourage growth and promote economic expansion for small and medium-sized businesses around the country. “We strongly support the investment by the Commonwealth in the […]
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 […]
Dynamic business revisit this highly relevant piece written by Mike Lowry, founder and CEO of XVenture, renowned for his unconventional and passionate approach in creating cutting-edge individual and team development and performance programmes globally. I received a call from a CEO overseas who had slipped into a very dark place. He had acknowledged that his levels […]
Byline: Guy Mckenzie and Adam Gilmore, co-founders of Tonic With the demand for delivery rapidly increasing, businesses across all industries, from food to health and retail, are feeling the pressure to provide fast and reliable delivery options. In recent years, there has been a rise globally in the use of delivery services. It is estimated […]
