Tag Archives: small businesses

Xero and Square integration in Aus

Media Release February 10, 2020 Xero launches enhanced Square integration in Australia Xero, the global small business platform, today announced it has enhanced its integration with Square, the mobile-payments solution, to allow small-business invoices to be paid instantly and automatically recorded in Xero. With today’s enhanced integration, small businesses using …

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Vonto app launch will help small businesses

Vonto is a free mobile app that provides personalised insights and ideas to keep small businesses moving in the right direction. The app powered by CBA, collates data from a range of regularly used business tools into one platform, to provide easy to understand and actionable insights. “More than 80% …

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Mid-year budget contains ‘welcomed gifts’ for small businesses

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the mid-year budget update. According to the Ombudsman, the update contains some “welcomed gifts” for small businesses. “It’s encouraging to see the federal government has allocated funds to establish the national payment times reporting framework,” Ms Carnell said. …

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Ombudsman inquiry to ‘shine a light’ on insolvency system

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has announced an inquiry into the insolvency system. The Insolvency Practices Inquiry will investigate if current insolvency practices achieve the best possible outcome for small and family businesses in financial trouble. “This inquiry will shine a light on the insolvency …

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ACCC focuses on unfair contract terms for small businesses

The ACCC says unfair contract terms are a “key focus” in its latest ‘Small Business in Focus’ report. The twice-yearly report provides an update on key developments in the small business, franchising, and agriculture sectors. It also reports on the ACCC’s continued actions to protect small businesses against terms in a …

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Ombudsman calls for action to address small business growth

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says she is deeply concerned by fresh data showing small business growth is in crisis. She urges the government to do more to break down the barriers to business expansion. “The Institute of Public Affairs’ (IPA) latest research has found …

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Ombudsman backs extension of unfair contract terms to insurance

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed draft legislation that extends the unfair contract term regime to insurance contracts. “Removing the current exemption for insurance contracts from the unfair contract term regime as recommended by Commissioner Hayne, is a logical step,” Ms Carnell said. Room …

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Small businesses are wasting revenue in merchant fees

Many of Australia’s 2.1 million small businesses, says a specialist payment consulting firm, are wasting revenue by not investigating the best payment service providers. Nor are they making the most of least-cost routing. According to Payment Consulting Network, small retailers often don’t have time to research or have the money …

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Not so magnificent seven: why Aussie businesses fail

Global risk-management provider SAI Global has revealed the most common reasons Aussie businesses come up short. Principal Advisor in Business Improvement at SAI Global David Smith carries out training and certification for organisations seeking to meet the ISO 9001 Standard for quality management systems. He said: “Organisations that use our …

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Ombudsman welcomes faster payments to Qld SMEs

Ombudsman Kate Carnell has welcomed the Queensland government’s commitment to faster payment terms for small businesses. Ms Carnell has also urged other states and territories to follow suit, after expressing disappointment that it took so long. “A reduction in invoice payment times from 30 days to 20 days is to …

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