Small business requests for insolvency help grow sevenfold
The number of small businesses turning to the Australian Small Business and Family Enterprise Ombudsman for assistance with insolvencies spiked in the September quarter, revealing how corporate collapses are leaving local traders grasping for help.
Company director hit with $53,000 DPN nearly a year after business deregistration
The Australian Taxation Office should clarify its legacy debt collection strategy, an insolvency practitioner says, after the tax office levelled a director penalty notice against an entrepreneur whose business was liquidated and struck off the company register last year.
SMEs could be forced to turn over utility bills under new mandatory accounting rules
Small businesses will be exempt from Australia's new climate risk disclosure rules, but may still be asked to turn over meter readings, utility bills, and other energy usage figures to their bigger business partners.
The High Court was right to overturn Victoria’s EV tax but the road ahead is bumpy
The High Court was right to overturn Victoria's EV tax, writes John Quiggin, but there's a danger this decision will be extended to rule out any kind of road user charge.
Green shoots are showing in the Australian economy, but retailers are set for further pain in 2024
Australian consumers and workers may benefit from changing economic conditions in 2024, yet retailers can expect hardships to continue, according to Deloitte.
Big wheels keep on turning as SUVs, utes become the choice of Aussie motorists
SUVs are outselling standard cars three to one in Australia, even though they cost up to 25% more to run. Why?
Pensioners’ work bonus limit to get $4,000 boost
Pensioners also in a form of employment will be able to earn up to $4,000 more without their pension being affected.
NSW Small Business Commissioner challenges big firms accused of shady subscriptions practices
Debt collectors are chasing small businesses which fall into auto-renewing contracts they can no longer afford, the New South Wales Small Business Commissioner says, highlighting problematic behaviour by big-name service providers and the power imbalance between businesses large and small.
Cash no longer king: Digital payments are taking the throne instead
Australians have embraced digital payments so quickly the country ranks among the top users of cashless payments globally.
Why slow wage growth isn’t keeping us from the café
Wages may not be rising to meet inflation, but figures from the RBA remind us that wages don't tell the whole story.
Tax experts wait for further clarity after major AAT ruling on trust distributions and loans
Small business tax advisors are carefully assessing an Administrative Appeals Tribunal decision that challenges the Australian Taxation Office's interpretation of specific trust distribution rules, with one leading accountant "playing a straight bat" before a likely appeal from the ATO itself.
Australia is finally getting crypto regulation, with exchanges being targeted
Australia is finally getting crypto exchange regulation, with Assistant Treasurer Stephen Jones detailing the proposed new rules on Monday.