Less talk, more small business action in 2017

“The future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector’s priorities says Australian Small Business and Family Enterprise ombudsman (ASBFEO) Kate Carnell. Carnell wants action on issues such as business tax cuts, competition reform, unfair contracts, government procurement and security of payments.” Read more Business Council of Australia Business … Read more

New research resource available for entrepreneurs!

We currently have a short trial of the ProQuest Entrepreneurship Database. This database bridges theory with practice, covering a wide spectrum of resources useful to educators, researchers, students and practitioners. Content ranges from the scholarly – including journals, dissertations, working papers and conference proceedings – to a full toolkit of practical guides, templates, forms, sample … Read more

Fears ATO will hand over small businesses to credit agencies ‘willy nilly’

“The federal government announced its plans to enable the ATO to disclose small business tax debt information to credit reporting agencies in its midyear budget update. The measure will initially apply to businesses with Australian Business Numbers and tax debts of more than $10,000 that are at least 90 days overdue and is set to commence on … Read more

Small businesses could get access to $20,000 instant asset write-off for another year

“Small businesses around the country could be given another 12 months to take advantage of the federal government’s $20,000 instant asset write-off scheme that was first introduced in mid-2015. The write-off is due to end on June 30 this year, however, small business minister Michael McCormack has called for the budget measure to be extended for … Read more

RedEye founder Wayne Gerard on how the R&D tax incentive should be fixed to drive growth in Australian startups

“Last week, minister for innovation Greg Hunt released a series of recommendations from the federal government’s R&D tax incentive review. Whilst it is great to see R&D receiving focus from our political leaders, I believe the recommendations have overlooked some important reforms that could drive growth among our next generation of Australian businesses. With startups increasingly generating … Read more