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Write-offs double during pandemic as uncollectible invoices mount

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

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Use 90% savings on overseas payments to expand your SMB globally

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

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Organisers, events, venues and cinemas to receive post-lockdown boost

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

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Two-thirds of small businesses are using property as security

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

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Explaining temporary full expensing for small business

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.

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Should small businesses accept digital currency as payment?

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

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Tax concessions based on your business’s aggregated turnover

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

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Support for regional tourism businesses

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

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RECEIVE GOVT GRANT OF $10K to $250K*.

Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.