Tag: finance

Retail sales rise in June, road to recovery remains fraught with hazards

Media Release 22 July, 2020 Retail turnover rose by a solid 2.4% in June according to the Australian Bureau of Statistics (ABS) preliminary report released today. However, National Retail Association (NRA) CEO Dominique...

A wave of tax debtors

Prior to businesses shutting down when the economy was fairly healthy, 25% of businesses could not find the cash to pay their tax and GST on time. This new research indicates that the...

Reasons for employee layoffs revealed

Media Release 16 April, 2020 Reasons for employee layoffs revealed: 1.2m businesses were already making sacrifices to stay afloat New research has provided a clue as to why Australian businesses have had to let go...

Financial advice service offers support

While the COVID-19 pandemic has resulted in significant morbidity and mortality worldwide, it is also significantly impacting the economy. This is leading to fear, anxiety and loss of confidence among people of all...

In financial trouble? Seek help early

Small businesses experiencing financial difficulties are often leaving it too late to seek help. This is one of the factors contributing to small business insolvencies that has been explored at the first meeting...

Ombudsman calls for more support for small business

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says a lack of access to funding is the biggest barrier to growth for small businesses. “The most recent SME Growth Index revealed one in...

Industry heads host roundtable discussion on small-business finance

The Council of Small Business Australia (COSBOA) recently participated in a roundtable discussion about small-business finance convened by the Reserve Bank of Australia (RBA). The meeting was held in Sydney and co-chaired by...

Amex cutting merchant fees for small businesses

American Express is reducing the fees it charges small businesses in Australia that accept the Amex card. Fee reductions will vary by business, with most small merchants to be charged a rate...
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