Small Business Connections (SBC) is a media platform that delivers targeted content, news, industry reports, trends and tips to business owners, entrepreneurs, startups and stakeholders in the SME sector.
Businesses across Australia are feeling the pinch following a full year of the Covid-19 pandemic, according to the Payment Practices Barometer. The report by credit insurance firm, Atradius, surveys both large and small businesses to check in on business to business payment behaviour. Write-offs increasing Over the past year, the survey found the number of invoices
Have you ever been charged an outrageous overseas bank transaction fee for paying an overseas client? On top of that, did the bank payment take days or weeks to arrive? Airwallex founders ran into this same issue when they started a cafe in Melbourne and tried buying goods from China. So they scrapped the cafe
Event organisers, hosts, suppliers, producers and cinema businesses will benefit from a new support package of grants announced by the Victorian Government today. The $20 million Victorian Events Support Package has been designed to support the events industry, acknowledging the heavy and ongoing impact of the May-June restrictions on the sector. Part of the more than $500
Research by invoice financier Apricity Finance has found that over half – or 51 per cent – of small-to-medium enterprise (SME) owners are willing or have used secured finance when borrowing money. while the Big Four banks remained the most common source of funding, more than one in five (22% – or nearly half a
New research shows despite recent government assistance measures, the family home remains the most common form of security to fund borrowings for SME’s to recover from the pandemic. YouGov research, conducted on behalf of business finance company Apricity Finance, in the last week of April 2021, found the traditional forms of funding for small businesses
The Victorian Government will provide additional support for businesses in greater Melbourne who continue to be affected by necessary health restrictions. After two weeks of Victorians doing the right thing, we are now in a place where we can continue to ease restrictions and reopen more businesses safely – but those businesses that will still
Have you heard about temporary full expensing but are unsure if suitable for your business? This temporary measure introduced by the Australian Government allows businesses to claim an immediate deduction for the full cost of eligible assets. It’s one of several measures and tax incentives designed to help businesses recover from the impact of COVID-19.
In a single year, the Covid-19 pandemic has accelerated small business digitalisation and the evolution of the cashless economy. But as the world considers embracing digital currencies for a multitude of payment, trading and banking options, small business has been largely left out of the conversation. SBC Media sat down with Andrew Barker, Chief Marketing
Tax Concessions at a glance: if you are a business, use this table to find out what concessions you can access based on your aggregated turnover. When we say ‘turnover’, we mean ‘aggregated turnover’. The concessions have various start dates beginning from 1 July 2016. Business concessions Deductions Concession Turnover less than $2 million Turnover $2 million to
The Victorian Government today announced a new round of travel vouchers as part of a package of support to boost tourism recovery right across regional Victoria. “The Business Costs Assistance Program top-up payments mean eligible tourism businesses will receive a $7,000 payment, regardless of where they are based. This is substantial and deserved support,” said
Small Business Connections (SBC) is a media platform that delivers targeted content, news, industry reports, trends and tips to business owners, entrepreneurs, startups and stakeholders in the SME sector.
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