Business News

Employers reminded to prepare for Single Touch Payroll

The Australian Taxation Office has asked employers with 20 or more employees to count staff numbers in the lead-up to Single Touch Payroll (STP) beginning on July 1. ATO Assistant Commissioner John Shepherd says employers with close to 20 employees will need a headcount to determine whether they need to …

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Inquiry launched into affordable capital for SME growth

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has launched a new inquiry, exploring a range of international initiatives to address the funding gap for small-to-medium-sized enterprises (SMEs). “The inquiry will examine Australian initiatives where the government shares the lending risk, and state/territory initiatives to support small business …

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Planet Ark toolkit aims to help businesses reduce waste

A free guide for Australian businesses on how to manage waste more efficiently has been released by Planet Ark. The ‘War on Waste Tookit for Businesses’ has ten tools such as the ‘recycling no-brainer checklist’, the set of questions to ask a prospective recycler, and new brain-science-inspired signage. It also …

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B2Bpay aims to streamline payments for retailers

Zenith Payments has launched B2Bpay – a new payment solution that it says can assist retail SMEs with common problems such as cashflow and payment collections while rewarding them for making payments early. B2Bpay is promoted as offering retail business owners a secure online portal where they can monitor cashflow …

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Retailers reject union boss’s demands

The National Retail Association (NRA) has rejected the policy package outlined by the Australian Council of Trade Unions (ACTU) secretary Sally McManus at the National Press Club on Wednesday, saying it would be “crippling” for small business. In her address, Ms McManus took specific aim at employers hiring casual workers …

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Payments Register update

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has released an updated National Payment Transparency Register, which promotes businesses that pay their small business suppliers in fewer than 30 days. “Late payments affect a small business’s cash flow, impact on business growth and in worst case scenarios can put …

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ARA recommends minimum-wage increase to preserve industry employment

The Australian Retailers Association (ARA) has proposed a 1.9 per cent minimum-wage increase aimed at bringing back balance to a challenging trade environment. ARA Executive Director Russell Zimmerman says Aussie retailers still face a volatile operating market and this increase in line with inflation is the best way to ensure …

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Larger companies driving business confidence

Business confidence, as measured by Roy Morgan, has begun 2018 at its best two-month level since 2014 – driven largely by businesses with an annual turnover of $5 million or more. The Roy Morgan Business Confidence index was down 3.5 points (2.8 per cent) to 120 in February following the …

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Australian retail innovation lags behind national average

A new report from Commonwealth Bank showed that only 17 per cent of retailers are innovating in direct response to customer feedback, while just 15 per cent are innovating due to observed changes in customer needs. Furthermore, only 10 per cent of retailers are seeking to drive innovation to protect …

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Employees look to employers and government for tech training

New research from Salesforce has shown that 88 per cent of workers believe that all Australians should have equal access to technology training that will equip them for jobs of the future at no personal cost. The report also highlighted that 62 per cent of workers believe they will need …

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