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| Nov 15, 2024 | Navigating Financial Waters: The Importance of Financial Advisors for Small Businesses | In the vast ocean of finance, small businesses often find themselves adrift. The waves of tax debt, cash flow issues, and financial uncertainty can feel overwhelming. But just as a lighthouse guides ships to safety, financial advisors can i... |
| Nov 15, 2024 | How proactive small businesses can address the critical issue of tax debt | Source: Adobe Stock article-article-body
The latest ATO transparency report reveals a critical issue for Australia’s small business sector: unpaid tax debt. Despite some progress, small businesses still owe a staggering $17.7 billion — more... |
| Sep 2, 2024 | Payment pain on display as more businesses ask ASBFEO for insolvency help | Source: Adobe Stock article-article-body
Pleas for assistance with business insolvency matters have jumped 50%, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) says, showing the extent and severity of the cash flow cr... |
| Aug 8, 2024 | “Flame of ambition”: Ombudsman proposes Prime Minister’s awards for small business in 14-point plan | The Ombudsman, Bruce Billson. Source: Supplied. article-article-body
Would small business awards handed down by the Prime Minister, or formal accreditation for those who pay suppliers on time, help to re-energise the SME sector?
Australian ... |
| May 29, 2024 | “Ultimate run-around”: ASBFEO calls on big tech to do better by small businesses | Social media applications are displayed on an iPhone. Source: AP/Jenny Kane article-article-body
Big tech providers need to urgently improve their dispute resolution services and back their small and family business customers, according to ... |
| May 22, 2024 | Payments platform Zeller unveils $10,000 grant program to help Aussie regional businesses | Catherine and Barry Norman of Fusspots at Inglewood. Source: Supplied. article-article-body
Four small businesses based in regional Australia will be given the opportunity to unlock and unleash their full potential this year, with Australia... |
| May 20, 2024 | Small business ombudsman ‘disappointed’ with government’s procurement report response | Bruce Billson. Source: SmallBizWeek article-article-body
Small business and government are both getting a raw deal on procurement because of systematic risk aversion, according to a new report.
The final report from Australian Small Busines... |
| Apr 29, 2024 | Australians lose $2.74 billion to scams, social media fraud up 17% | Source: Adobe Stock article-article-body
Australians’ annual losses to scams have fallen for the first time in seven years as the government steps up its campaign to stop people being fleeced.
The insight comes in the annual Targeting Scams... |
| Apr 24, 2024 | As hacks and scams hit small businesses, ASBFEO calls for new digital media dispute service | Source: Adobe Stock article-article-body
Small businesses locked in a dispute with social media giants deserve further support, the SME ombudsman says, calling for a new arbitration service capable of taking the fight to powerful digital pl... |
| Apr 24, 2024 | Your hunch is right: You are paying more tax | Source: Canva article-article-body
The Commonwealth’s annual tax take is in rude health and growing strongly.
The latest numbers released by the Australian Bureau of Statistics (ABS) reveal Australia’s overall taxation take has continued it... |
| Apr 23, 2024 | Hundreds of small businesses ask for help after losing access to Facebook, Instagram and more | Social media applications are displayed on an iPhone. Source: AP/Jenny Kane article-article-body
Small business disputes with digital platforms like Facebook are the fastest-growing complaint category faced by small business ombudsman Bruce... |
| Feb 7, 2024 | Guardz Launches in Australia and New Zealand to Empower MSPs to Cyber Secure and Insure SMBs | Partnership with trusted Australia-based IT distributor, Manage Protect, allows MSPs to protect their small and medium-sized business clients
SYDNEY and TEL AVIV, Israel, Feb. 7, 2024 /PRNewswire/ -- Guardz, the cybersecurity company securi... |
| Jan 17, 2024 | Surging disputes between SMEs and digital marketing consultants prompts action from Ombudsman | Source: Adobe article-article-body
Nearly 70% of small businesses drop their digital marketing provider within 12 months, and half report being upsold on services they don’t need, according to first-of-its-kind research from the Australian ... |
| Nov 29, 2023 | Ombudsman warns small businesses to beware of scammers | The Australian Small Business and Family Enterprise Ombudsman, (ASBFEO) Bruce Billson is urging business owners to strengthen their security as scammers ramp up their activity over the holiday period.
The ombudsman is suggesting business ow... |
| Nov 10, 2023 | How Hnry plans to help sole traders claim $3.5 billion missed in tax deductions | Hnry’s managing director in Australia Karan Anand. Source: Supplied article-article-body
Aussie sole traders are spending eight hours a week on financial admin while juggling work-life balance and cost of living pressures, with new research... |
| Nov 10, 2023 | Thousands more Australian businesses now eligible for CSIRO Kick-Start grants program | Source: Adobe Stock article-article-body
Thousands more Australian businesses will now be able to apply for matched funding grants to undertake research and development, with the CSIRO revealing on Tuesday that it has lifted the eligibility... |
| Oct 23, 2023 | Greener For Business wants to help “cash strapped” SMEs hit net zero but makes some pricey suggestions | Tom Ferrier (Green Founder) and Jonathan Mattock (Origin Small and Medium Business - Retail General Manager). Image: Greener article-article-body
Cleantech startup Greener has launched Greener for Business, a new initiative designed to assi... |
| Oct 23, 2023 | Small business requests for insolvency help grow sevenfold | Source: AAP Image/Jono Searle article-article-body
The number of small businesses turning to the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) for assistance with insolvencies spiked in the September quarter, revealing ... |
| Oct 2, 2023 | Greener for Business launches to help Australian SMBs move to net zero | Greener, the Australian cleantech startup that creates custom action plans to help its customers become more environmentally sustainable, is launching Greener for Business today. Aimed at Australian SMBs, Greener for Business is intended to... |
| Sep 28, 2023 | Top Australian female small business champions crowned | An Australian awards program that aims to highlight the achievements of some of the country’s most remarkable women in the small business sector has revealed this year’s winners.
In its second consecutive year of operation, The Australian W... |
| Aug 4, 2023 | Small businesses left out in the cold by government procurement process | Small businesses in Australia have raised concerns about feeling excluded from government procurement opportunities, citing difficult tender processes and a sense of being left out from the ‘in-crowd’ according to findings from an inquiry b... |
| Aug 1, 2023 | ASBFEO: Over 40,000 businesses assisted, as payment disputes persist | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has achieved a remarkable milestone, assisting 40,000 small businesses in resolving disputes. The figure comes off the back of the latest quarterly report that sheds lig... |
| Jul 12, 2023 | Celebrating female-owned small businesses | The 2023 Australian Women’s Small Business Champion Awards is sponsored by Nine Plus, CUB, NOVA Employment, Castaway Forecasting, Xcllusive Business Sales and Big Clean. Image - Suppled.
Entries are now open for a prestigious awards program... |
| Mar 30, 2023 | Ombudsman launches inquiry into government small business contracts | Time consuming and confusing contract processes are holding back small businesses from taking advantage of the government’s promise to double small business procurement, according to the Small Business and Family Enterprise Ombudsman (ASBFE... |
| Sep 20, 2022 | Cyber threats are more prevalent than ever before. Australia needs an “Iron Dome” to protect small business | Source: Unsplash/Clint Patterson
Viruses, whether digital or biological, come in all shapes and sizes. But the best defense from them stems from a unified and persistent response.
Take the Australian COVID-19 response. Federally, through th... |
| Aug 11, 2022 | Take action now to secure your .au and protect your online identity | There’s limited time left to secure priority access to the new .au domain names and Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, is urging small business to act now to protect your internet identity.
If you own ... |
| Aug 9, 2022 | Four female business leaders reflect on resilience in the face of adversity in 2022 | Anna Ross, founder, Kester Black. Source: supplied.
The last two years have undeniably been some of the most difficult to date in business. The pandemic, climate crisis, Ukraine War and recent impending recession has made staying afloat as ... |
| Jul 11, 2022 | Small businesses get a bigger share of government procurement contracts | There is no substitute for customers and it’s great to see the Commonwealth’s commitment to be a bigger customer for small businesses, writes Australian Small Business and Family Enterprise Ombudsman, Bruce Billson.
Changes to Commonwealth ... |
| Jun 13, 2022 | Superannuation changes, tax help and energy prices on the agenda for small businesses as EOFY approaches | The Small Business and Family Enterprise Ombudsman, Bruce Billson, highlights the issues at the top of small businesses’ agendas as we fast approach the end of the financial year.
It was particularly pleasing to hear the Prime Minister spec... |
| Jun 10, 2022 | Female small business owners are driving Australia’s economic recovery. The Albanese government needs to support them | As the Albanese government settles in, it must consider boosting female-owned small businesses as a line of defence against the onslaught of economic challenges Australia currently faces.
With rising inflation, debt, cost of living, and una... |
| May 25, 2022 | Ombudsman names and shames electric ‘undergarment’ training company 20Volts for refusing to engage in mediation | Bruce Billson. Source: SmallBizWeek
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has made the rare decision to name and shame a fitness training company for refusing to engage in dispute resolution with a small bus... |
| May 18, 2022 | Bruce Billson says regulation falling “disproportionately” on small business | Australian Small Business and Family Enterprise Ombudsman Bruce Billson. Source: AAP/Tracey Nearmy
In a submission to the Department of Prime Minister & Cabinet, Bruce Billson says small businesses are made to shoulder the weight of ‘di... |
| May 11, 2022 | Big tech should better support small business: ombudsman | Big tech’s run-ins with Australian small business have become more frequent and serious, requiring channels for dispute resolution and a specialist court, a watchdog has warned.
Australian Small Business and Family Enterprise Ombudsman (ASB... |
| May 10, 2022 | Billson calls on government to help SMEs resolve disputes with social media giants | Source: AAP/Tracey Nearmy
Australian small business and family enterprise ombudsman (ASBFEO) Bruce Billlson has advocated for government support for small businesses that trade on digital platforms, in his submission to the Australian Compe... |
| Mar 17, 2022 | Mr Flamboyant’s fraud charge begs the question: How can suppliers ensure they’re paid? | A Double Bay florist has been charged with fraud after he was accused of skimming his customer’s credit cards and not paying his suppliers for work already completed.
Mr Flamboyant owner Brennon (legally known as Brendon) Mrzyk, 25, got int... |
| Feb 23, 2022 | Ombudsman tours regional Australia in disaster planning review, as CPA calls for ‘off the shelf’ support | CPA Australia has called for a ‘break-glass-in-case-of-emergency’ model for small businesses facing natural disasters, and Small and Family Business Ombudsman Bruce Bilson is touring the country to find out what support business owners want... |
| Feb 10, 2022 | How can the government help small businesses impacted by natural disaster? | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Bruce Billson is hitting the road to uncover how the government can better assist small businesses affected by natural disasters.
Billson will visit natural disaster-hit... |
| Oct 22, 2021 | Bruce Billson says amusement sector could stay shut due to insurance crisis | Australian Small Business and Family Enterprise Ombudsman Bruce Billson. Source: AAP/Tracey Nearmy
Urgent feedback from the amusement, leisure, and recreation sector is being sought by the small business ombudsman, after the release of an i... |
| Oct 19, 2021 | Australia’s amusement industry in dire need of help says Small and Family Business Ombudsman | The nation’s amusement, leisure, and recreation sector is facing an insurance crisis that could force many of our best-known attractions to shut their doors due to a lack of adequate cover.
An interim report commissioned by the Australian S... |
| Oct 12, 2021 | “You don’t have do it alone.” We need to talk about small business owners and mental health | Two-thirds of small business owners are experiencing psychological stress – up by a third from pre-COVID times – according to research by the Department of Treasury. Mental health organisation, Beyond Blue, has responded by launching a free... |
| Oct 7, 2021 | Are you a female entrepreneur? Then it’s time to share your experiences | In an effort to support and boost further female entrepreneurship in Australia, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Bruce Billson is calling for women to share their experiences.
Women who currently own an... |
| Jun 6, 2021 | Ombudsman goes into bat for amusement park industry over insurance lockouts | The Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, has taken up the cause of the members of the Australian Amusement, Leisure and Recreation Association, many of whom face imminent closure following their inabilit... |
| May 12, 2021 | Small business ombudsman applauds budget as a win for business owners | The Small Business and Family Enterprise Ombudsman Bruce Billson suggests last night’s budget announcement paves the way for a small business-led economic recovery.
The budget includes several new and enhanced measure that will support smal... |
| Apr 30, 2021 | Small business ombudsman calls for crackdown on banks denying SMEs “basic banking services” | Source: AAP/Tracey Nearmy
Small business ombudsman Bruce Billson is calling on the federal government to require financial institutions to explain why they withdraw or deny insurance and banking services to small businesses.
In a submission... |
| Apr 28, 2021 | Ombudsman and AusPost work towards solution for perishable goods issue | The Australian Small Business and Family Enterprise Ombudsman Bruce Billson proclaims the first meeting with Australia Post a success. Billson and the delivery provider are working towards a resolution for business owners whose deliveries w... |
| Apr 12, 2021 | Working capital finance: what is it and how to apply | By Contributor
Mon, 12th Apr 2021
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BI
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Planning
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Financial software
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Savvy
FYI, this story is more than a year old
We all know that business lives and dies on cash flow. Poor financial management can lead to the failure of 46% of busine... |
| Apr 9, 2021 | Why fostering entrepreneurial spirit has never been more important to Australia’s future | Thrive co-founders Ben Winford (centre) and Michael Nuciforo (right), with chief technology officer Warren More. Source: supplied.
Entrepreneurship contributes to the economic development in all countries across the world and has always bee... |
| Mar 29, 2021 | You are not alone: The mental health resources tailored to entrepreneurs | Source: AAP/Dan Peled.
Here at SmartCompany, we know running a business can feel like a lonely endeavour that causes many mental health struggles, especially when the pressure is on.
Over the past couple of years, bushfires, floods and COVI... |
| Mar 2, 2021 | Most sole traders wish they had more support – here’s how to get it | One is the loneliest number – but it doesn’t have to be. Building your support networks when you’re a solopreneur is a boon for business and your mental health, writes Angus Capel, Xero’s Small Business Advocate.
Australia is a nation of se... |
| Jan 31, 2021 | When A Stint In A Family Business Didn’t Work Out, He Turned Around And Started A Million-Dollar Online Store | When Bryce Monkivitch was 25, his family sent him to China to work in his uncle's factory. That adventure didn’t turn out as planned. “He thought I was too immature and said, ‘Go home and get an education,’” Monkivitch recalls. |
| Jan 27, 2021 | 5 simple tips for small business owners to grow your cash flow | For small business owners, cash flow problems are a common and dangerous threat to the survival of their companies. In fact, many identify it as their number one pain point, writes Aaron Fidler, Head of Retail & Commerce at Mastercard A... |
| Jan 21, 2021 | Public liability crisis crippling small business says Ombudsman | Too many small businesses are being forced to close their doors because they can’t get public liability insurance, according to Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell.
Carnell has called on the Feder... |
| Dec 14, 2020 | ASBFEO report declares Aussie small businesses are agile and resilient | Australian small businesses have shown their tenacity in the face of extremely challenging conditions, according to the Australian Small Business and Family Enterprise Ombudsman Kate Carnell’s new Small Business Counts report.
The report, r... |
| Dec 11, 2020 | Immediation bags $3.75 million for tech shaking up dispute resolution for SMEs, as Kate Carnell calls for reform | Immediation founder Laura Keily. Source: supplied.
Disputes mediation platform Immediation has raised $3.75 million in Series A funding, after COVID-19 led to a tech overhaul of the legal system and 1000% growth.
The funding comes amid call... |
| Dec 9, 2020 | High cost insurance pushes business to the edge | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has found the insurance industry is gouging small business owners on essential business products.
The ombudsman has handed down her Insurance Inquiry final ... |
| Dec 9, 2020 | Unaffordable insurance bringing bushfire-affected SMEs to the “brink of collapse” | Former Australian Small Business and Family Enterprise Ombudsman Kate Carnell.
Small businesses are facing serious trouble accessing affordable insurance, with a damning report by the small business ombudsman revealing businesses that have ... |
| Dec 3, 2020 | Business Funding Guide gets refresh to focus on SME survival | // Last year’s guide to growth has had to adapt, with new advice available for businesses looking for funding and getting approvals for finance…
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) recently updated the Bus... |
| Nov 27, 2020 | Ombudsman updates business funding guide to help SMEs recover from COVID-19 | Former Australian Small Business and Family Enterprise Ombudsman Kate Carnell.
Small and medium businesses that are seeking to survive the ongoing economic downturn now have another tool at their disposal, with small business ombudsman Kate... |
| Oct 20, 2020 | The government’s $540 million Business Growth Fund has been established and will invest in high-growth SMEs from next year | Treasurer Josh Frydenberg and Prime Minister Scott Morrison.
Small business ombudsman Kate Carnell has welcomed the formal establishment of the Australian Business Growth Fund (BGF), saying the federal government program fills a “critical g... |
| Oct 6, 2020 | Small Business Ombudsman: history making budget delivers boost for business | The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the Federal Government’s 2020 Budget is one for the history books, with a record spend that will help lift small businesses out of the COVID crisis and provide ... |
| Aug 6, 2020 | The heartbreak and devastation of Victoria’s stage 4 restrictions | As Victoria endures the second wave of COVID-19, it’s downright devastating for the small businesses at the coalface of this crisis writes Australian Small Business and Family Enterprise Ombudsman Kate Carnell.
To have been through the firs... |
| Aug 3, 2020 | Kate Carnell to lift the lid on insurance companies dirty laundry | The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has been inundated with complaints from business owners on the ill-treatment they have received from major insurance companies.
Carnell says her office has receive... |
| Jul 27, 2020 | Small Business Ombudsman launches inquiry into insurance practices | Small and family businesses that have faced issues with their insurance companies have a new champion, with the Australian Small Business and Family Enterprise Ombudsman Kate Carnell launching an inquiry into their practices today.
Carnell ... |
| Jul 21, 2020 | “Broken system”: Ombudsman finds insolvency practices working against small business | Small business ombudsman Kate Carnell. Source: AAP/Mick Tsikas.
Small business ombudsman Kate Carnell has urged insolvency practice reforms to address a “broken system” for SMEs, amid an expected surge in small businesses hitting the wall l... |
| Jul 14, 2020 | COVID-19 is the number one worry of small business owners | More than a third of small business owners are worried about the COVID-19 pandemic
26 per cent are most concerned with cash flow or finances.
9 per cent of businesses are worried about attracting and/or retaining customers
7 per cent are co... |
| Jun 29, 2020 | My Business Health helping small business to recover | The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, says small businesses looking for assistance on the road to recovery post-COVID-19 should head to the My Business Health portal.
As businesses emerge from hibernat... |
| Jun 16, 2020 | Small business ombudsman calls for a small business procurement panel to assist in Australia’s economic recovery | Former Australian Small Business and Family Enterprise Ombudsman Kate Carnell.
The Australian small business ombudsman has called on the federal government to establish a small business procurement panel.
Last week Kate Carnell said such a ... |
| May 7, 2020 | New mental health resource for sole traders impacted by covid-19 | The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has released a free online mental health resource for sole traders, amid alarming predictions of a dramatic rise in Australian suicide rates due to the economic and ... |
| Apr 20, 2020 | Small Business Ombudsman wants 30-day payment times legislated | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell has called for federal legislation requiring small businesses to be paid in 30 days, amid a fresh wave of big businesses using the COVID-19 crisis as an exc... |
| Apr 9, 2020 | My Business Health ups support for business owners during coronavirus crisis | Small businesses struggling to cope with the COVID-19 crisis do not have to suffer alone, with the new and improved My Business Health offering dedicated holistic support to employers and sole traders.
The Australian Small Business and Fami... |
| Apr 8, 2020 | Mental health support services available | //The federal government has recently provided funding towards a new dedicated COVID-19 mental health support service for small to medium-sized enterprises.
Many WA startups, small and medium-size enterprises (SMEs) have undoubtedly faced i... |
| Apr 7, 2020 | ‘An act of business bastardry’: Big business keeps squeezing small suppliers on payments in face of COVID-19 | Source: The New Daily
The small wholesaler was giving the large customer the standard 30 days to pay with a three per cent discount.
On the 30th day came the extra squeeze, an arm twist for more, an act of business bastardry.
With payment a... |
| Mar 20, 2020 | Dealing with COVID-19: Tips to get your shop online | I write this article working from home, like many of you, after my business closed our offices in a bid to promote social distancing to reduce the impact of COVID-19. For me, and many other Australian businesses, the process of ‘going onlin... |
| Feb 18, 2020 | My Business Health offers dedicated support for bushfire affected businesses | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has expanded the reach of it My Business Health portal to provide practical advice and tips to support small business owners impacted by the bushfires.
The portal was de... |
| Feb 14, 2020 | Ombudsman says legislation needed to fix late payments | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell says the voluntary Supplier Payment Code is ineffective and if the government is serious about getting big business to pay small business on time, legislati... |
| Feb 13, 2020 | Should Scott Morrison make 30-plus day payment terms illegal? | Former Australian small business ombudsman Kate Carnell. Source: AAP Image/Mick Tsikas.
Should the Morrison government move to outlaw payment terms beyond 30 days?
That’s the question being asked in the wake of the Australian Small Business... |
| Feb 10, 2020 | “Fundamentally flawed”: Big business manipulating BCA supplier code | Small business ombudsman Kate Carnell. Source: AAP/Mick Tsikas.
Small business ombudsman Kate Carnell has called for a supplier payment code created by lobby group Business Council of Australia (BCA) to be scrapped, arguing the industry-bas... |
| Feb 7, 2020 | The pressure is on for big biz to provide fair payment terms | The pressure is mounting on companies and big corporations that are failing to pay small business owners in a timely fashion to pay up or be named and shamed.
Currently, many big businesses are delaying payment of contractors and small busi... |
| Jan 29, 2020 | Corporates put on notice for putting the squeeze on small business | “Recent reports of big businesses using supply chain finance platforms that use artificial intelligence to calculate the discount a supplier may be willing to accept, are disturbing,” says Australian Small Business and Family Enterprise omb... |
| Dec 10, 2019 | My Business Health to help businesses with pain points | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has launched a new site, My Business Health, aimed at improving the wellbeing of Australia’s small business owners.
The My Business Health, site has been designed to pro... |
| Nov 27, 2019 | Business Growth Fund to back high growth small businesses | Treasurer Josh Frydenberg has announced the government and major banks will be backing local business owners, with the establishment of an Australian Business Growth Fund.
The government, ANZ, CBA, NAB and Westpac will each commit $100 mill... |
| Nov 20, 2019 | Ombudsman welcomes government’s deregulation agenda | The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell has welcomed the federal government’s plans to reform the red tape currently inhibiting small business growth.
“The next wave of deregulation reform, announced by P... |
| Nov 6, 2019 | Government to cough up interest on late payments | In a win for business owners, the government has announced as of January 2020 it will pay interest on electronic invoices that are paid past their due date.
The move was announced by finance minister Mathias Corman who said the government w... |
| Oct 10, 2019 | Small business insolvency under the microscope as ombudsman investigates restructuring | Kate Carnell.
The behaviour of insolvency practitioners in restructuring collapsed businesses will be examined in a new inquiry announced by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) today.
Small business ombuds... |
| Oct 1, 2019 | Report finds small business in economic decline | Aussie small business earnings have taken a dive, with a new report by Invoice2go revealing small business owners are making on average $8315 less this year.
The drop of 7.6 per cent affects all sectors bar one, with only those in Plumbing ... |
| Sep 24, 2019 | Report finds loan rejections and late payments causing cash flow crisis | A new report suggests small business owners are turning to alternative lenders for funding as their cash flow crisis continues to worsen due to late payment times and funding rejections from traditional banks.
The SME Growth Index report by... |
| Sep 8, 2019 | Feedback wanted on small business funding guide | The Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell is seeking feedback on the Business Funding Guide.
The guide, released in July by ASBFEO in partnership with Scottish Pacific Business Finance, is an indus... |
| Jul 29, 2019 | ASBFEO and Scottish Pacific launch small business funding guide | Small business owners and their accountants and advisors will have a much better idea of the finance options available to them, thanks to a new resource developed by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and... |
| Jun 28, 2019 | ASIC approves July 1 business banking reforms, but delays decision on controversial definition | Commissioner Kenneth Hayne and Treasurer Josh Frydenberg (right). Source: AAP/Kym Smith.
Corporate watchdog ASIC has given a partial tick of approval to an updated version of the code of conduct regulating small-business lending.
ASIC said ... |
| May 2, 2019 | How to nail a cashflow forecast when you hate numbers | Business consultant Amy Chen. Source: supplied.
Owning a business means you get the joy of calling the shots, but you also have one of the greatest challenges faced by entrepreneurs: juggling responsibilities that fall outside your key stre... |
| Apr 23, 2019 | Capital injection: Morrison commits $100 million to SME growth | Treasurer Josh Frydenberg and Prime Minister Scott Morrison. Source: AAP/Sam Mooy.
Small businesses looking to turbocharge their growth will have access to a $1 billion capital fund under a re-elected Morrison government.
With the 2019 fede... |
| Apr 9, 2019 | Corporates fail to cough up info on payment times for small biz | The Australian Smal Business and Family Enterprise Ombudsman has revealed a large number of big corporates have failed to respond to the ombudsman’s request for information on payment times to suppliers in the small business space.
The Revi... |
| Apr 8, 2019 | “Selfish and short-sighted”: Damming ombudsman report shows big business still lax on SME payment terms | Kate Carnell.
Some of Australia’s largest businesses have been reluctant to disclose how quickly they’re paying SME suppliers, despite promising to fulfil invoices within fewer than 30 days.
A new report into late payment times released by ... |
| Mar 27, 2019 | Keep the cash coming: How to ensure your invoices are paid on time | Business consultant Amy Chen. Source: supplied.
We all know sales are critical to business survival. But sales mean nothing if we don’t collect what we’re owed. Cash is the oxygen your business needs to live and breathe, and it’s what pays ... |
| Feb 15, 2019 | New legislation to provide a fair-go for small businesses in dispute | An amendment to the Treasury Laws passed by the Senate yesterday will allow small business better access to justice should they be in dispute with big business or government.
The Treasury Laws Amendment (2018 Measures No. 5) Bill 2018 will ... |
| Dec 5, 2018 | Payment disputes costing small business owners $1000s | The Access to Justice Inquiry has found small business owners are paying hundreds of thousands of dollars in order to resolve payment disputes, double the cost of a decade ago.
Payment times and terms are the biggest cause of disputes, with... |
| Dec 3, 2018 | Cyber Security Small Business grants program announced | The Cyber Security Small Business Program will support small businesses across Australia to have their cyber security tested by a provider that has been approved by the Council of Registered Ethical Security Testers Australia New Zealand (C... |
| Nov 28, 2018 | Last chance to take ASBFEO payment times survey | The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, is urging small businesses to take the payment times survey before it closes on Friday.
Carnell is particularly keen for more representation from small businesses ... |
| Nov 14, 2018 | “Game-changing” government plan pledges $2 billion for capital-starved SMEs | Treasurer Josh Frydenberg. Source: AAP Image/Wayne Taylor.
Small business owners and advocates have welcomed a $2 billion commitment from the Morrison government to set up a commonwealth fund to help SMEs access finance.
Announced on Wednes... |
