News
Road to recovery presents dangers for SMEs 23 October, 2009
Australia's improving economic conditions present a new challenge for small businesses, with data showing that SMEs remain vulnerable to financial stress and failure in the early years of economic recovery following a downturn. These findings come from new research by Dun & Bradstreet.
Woods chips away with niche furniture 09 October, 2009
The average grade 6 kid is much bigger than in the past, said Rod Massey, managing director of Woods Furniture. That means they need larger school furniture.
Pay your tax before building your business 07 October, 2009
With many Australian companies taking advantage of the ATO's tax relief measures - including deferral of tax payments and interest-free payment arrangements there is a concern that this will negatively impact the SME sector and hinder growth. Businesses with an annual turnover of less than $2 million and an activity statement debt can apply for a general interest charge (GIC)-free payment arrangement from now until 30 June 2010.
Australia's employment expectations rising 07 October, 2009
The likelihood of Australia's unemployment levels continuing to rise appears to be diminishing with fourteen percent of Australian firms planning to take on staff in the lead up to Christmas. Firms are also positive about the sales and profits outlook and have the confidence to increase inventory levels and capital investment in the quarter ahead.
RBA lifts official interest rates by 0.25 basis points 06 October, 2009
The Reserve Bank of Australia (RBA) has today raised the official interest rates by 0.25 basis points to 3.25 percent. This is the first rise in official interest rates since March 2008. Reserve Bank officials had described the three per cent official cash rate target as an 'emergency setting', after rates were slashed in response to the global financial crisis from a peak of 7.25 per cent.
$1.69 million in family friendly grants announced 06 October, 2009
The Government's $12 million Fresh Ideas for Work and Family program follows a commitment by the Government to improve work and family options for Australians after winning office in 2007. The program is designed to encourage and support small businesses in developing innovative solutions to the work and family and work/life balance challenges faced by working parents.
Fair work road-show to help Australian business better understand new Fair Work Act 02 October, 2009
The Australian Government is delivering seminars and workshops around the country to ensure that Australians can access the information they need to better understand the requirements of the Fair Work Act 2009.
38,000 firms a high risk of distress this financial year 01 October, 2009
Close to 38,000 Australian firms are a high risk of distress this financial year, despite signs the Australian economy is on the mend. The latest data from D&B shows that the number of firms at risk has continued to rise over the past fifteen months, from around 34,000 in Q2 2008 to almost 38,000 in the June quarter of 2009. This increase leaves one in ten (10.2 percent) firms at risk of financial distress in the 12 months to the end of June 2010.
Australia offers extra support for small exporters 16 September, 2009
Trade Minister Simon Crean today announced that the Federal Government will make it easier for Australian exporters and overseas investors to obtain financial assistance. The Federal Government will simplify and expand the powers of the Export Finance and Insurance Corporation (EFIC) to enable it to more effectively provide financial support.
Small business advisory service helping Australian small businesses 09 September, 2009
The Small Business Advisory Services Program is a $46 million program from Commonwealth Government to help Australia's small businesses meet their potential.

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