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Super changes to knock SMSFs from their perch
The superannuation changes legislated by the Turnbull government in November will significantly cut the relative importance of self-managed super funds as sources of retirement income, new research has...
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Unpaid bills hit small business for $76 billion
Unpaid customer bills are costing the economy $76 billion and crippling small businesses, according to a new report Fintech financier The Invoice Market estimated that 2 million small businesses are...
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Little jobs upside in small business tax cut plan
The Turnbull government’s signature economic policy at last year’s election was a 5 per cent cut in the company tax rate, over a ten-year period, at a cost to revenue … Continued The post Little jobs...
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American retailer stops Sydney business trademarking ‘Bondi Beach’
Multinational clothing giant Abercrombie & Fitch has trademarked Bondi Beach and muscled a Sydney retailer out of using the name. Sydney toiletries brand Bondi Wash attempted to trademark its name...
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Banks are driving some farmers to consider suicide, Senate report claims
Senators have released a damning report on banks’ treatment of rural businesses, alleging their uncompromising approach to lending is driving some farmers to consider suicide. The shocking allegations,...
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Banks rejected changes to small business lending rules
Changes to bankers’ codes of practice were watered down in the face of bank objections, the banking royal commission has heard. Philip Khoury, a consultant and former officer with corporate watchdog...
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Trick of the light could affect your spending habits
Research has revealed the role that room lighting can play in decision-making, with darkness more likely to lead to indulgent choices. According to Kellogg School of Management research, we experience...
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Parry and thrust: Shorten dodges skewering on tax cuts for small business
Small business looks set to get a rare and easy leg-up as Scott Morrison and Bill Shorten do a little dance over $29.8 billion worth of tax cuts for the … Continued The post Parry and thrust: Shorten...
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How the popularity of Queer Eye has business owners smiling
The global success of Netflix’s Queer Eye program has been a huge win for the streaming giant, but as the show airs its fourth season, the five stars aren’t the only ones … Continued The post How the...
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Subway forced to cough up workers’ unpaid wages in crackdown on fast-food sector
Fast-food chain Subway has been hit with hefty fines for underpaying workers at 17 franchises across Australia. After a lengthy investigation into anonymous complaints, the Fair Work Ombudsman has...
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There is a reason why so many restaurants are underpaying their staff
Wage theft in the restaurant industry has hit the headlines yet again, with the Neil Perry-fronted Rockpool Dining Group accused of tampering with time sheets to conceal potentially thousands of hours...
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‘Half lockdown’: Sydney business owners complain about double standards
Business owners have slammed the New South Wales government for exposing them to an extended lockdown by failing to properly enforce the state’s COVID restrictions. They said residents have put others...
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Business founders offer words of advice to budding entrepreneurs
Starting your own business can feel like you’re in a pressure cooker and constantly worried about when the next dollar will land in your bank account. But there are some basic steps you can take from...
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Applying for a business loan? Here are some pointers
You’ve got bold plans and you want the bank to lend you cash to help turn your business idea into a reality. Obviously it’s important to go to the bank with a solid business plan, but what does that...
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Australia Post service cut puts small businesses in jeopardy as international...
Alen Rako thought his small business had survived the pandemic. Then he got a nasty surprise at the post office. In April, Mr Rako made his usual trip to his local, only to find that international...
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Gen Zs are rushing to start their own businesses
A wave of younger Australians are using what they learnt in the classroom to set up online businesses that tap into the “regionalisation of people”, according to a prominent small business advocate....
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Bambi started a business at age 50. In Australia, she’s far from alone
At first, Bambi Price loved learning new things and travelling for her corporate job, but after a while, the thought of yet another work trip made her stomach churn. “I’d get to the airport and my...
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Businesses plan fees and price hikes to cover costs of tap and go
Australians could soon be slugged with higher prices at their local grocer and servo as steep merchant fees are passed on to consumers. Small businesses are paying tens of thousands of dollars a year...
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Loan scheme extended for small business
The Morrison government is extending the loan scheme for small businesses, introduced when the coronavirus pandemic first struck, for a further six months. The SME Recover Loan Scheme was due to finish...
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The Stats Guy: Demographic ideas to start a thriving niche business
My Christmas present to you is five free business ideas based on demographic data. These businesses are operating in markets that are only going to grow over the coming decades. I truly believe that...
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