New eligibility test, updated rules for SMEs in revamped Export Market Development Grant scheme
The federal government's latest Export Market Development Grants (EDMG) round will open to small businesses in November, and Trade Minister Don Farrell is urging SMEs to understand the new-look eligibility criteria ahead of time.
Rob Heferen’s first ATO corporate plan: “Increased focus” on businesses debts and a new SME blueprint
The Australian Taxation Office is pledging an "increased focus" on lingering business debts while preparing a new, multi-year program to improve small business tax performance.
“Pile of new red tape”: Coalition pushes to disallow controversial rules for tax practitioners
The Coalition will seek to reverse a set of new and highly controversial rules for tax practitioners, arguing they will impose unnecessary red tape on accountants and bookkeepers.
Silver lining: Sunset Lover founders raise $1 million to save 73-year-old Adelaide knitting mill
The capital raise marks a potential comeback for the knitting mill, with Dean and Melanie Flintoft, who founded the sustainable brand Sunset Lover in 2021, securing the assets of Silver Fleece from liquidators on August 9.
Cauldron books $4.3 million Industry Growth Program grant to expand hyper-fermentation facility
Australian biomanufacturing startup Cauldrom Ferm has secured $4.3 million in the first round of Industry Growth Program funding, helping the operation scale its signature 'hyper-fermentation' system.
What the FX? Small business lobby calls on ACCC to “act now” on money transfer reform
It should be far easier for small businesses to determine whether their international money transfer service offers a good deal, COSBOA says, after the ACCC found SMEs could lose hundreds of dollars each time they use costly providers.
Sole traders are under pressure, but the tide is turning to digital tax tools
It’s time Australian sole traders took tax matters into their own hands, and the technology is there for the taking.
“Conditions are extremely tough”: Senator David Pocock urges Labor to expand asset write-off to help small businesses
Early signs point to yet another parliamentary showdown over the instant asset write-off scheme, as both Coalition senators and independent crossbencher Senator David Pocock say the small business tax break should expand beyond the government's latest proposal.
Accountants welcome last-minute reprieve from new tax rules, but fear extra costs and red tape
Accountants and bookkeepers have welcomed a last-minute reprieve from eight new obligations scheduled to begin in August, but feel more should be done to shield small practices from further 'red tape'.
The 2023-2024 tax season, by the numbers
We collate a handful of the key figures related to personal and business tax returns, and some of the more esoteric figures linked to the new financial year.
Smart50 alumni Cashrewards acquires Little Birdie
Cashback platform Cashrewards says it has taken a significant step towards becoming the country's "ultimate shopping companion" after acquiring shopping deals platform Little Birdie.
Small business narrowly avoids losing $940,000 in payment redirection scam
An Australian small business narrowly avoided losing almost $940,000 to a single payment redirection scam, Bendigo Bank says, highlighting the importance of double-checking invoice details before firing off payment.
