Treasurer Frydenberg says the Morrison Government continues to back small business with the announcement that it will extend the $150,000 instant asset write-off for six months to 31 December 2020. Australian businesses with annual turnover of less than $500 million will be able to take advantage of this extended timeframe to invest in assets
New cash flow support for employers from the ATO shouldn’t be missed. The government is providing temporary cash flow support to eligible small and medium businesses during the economic downturn associated with COVID-19. Eligible businesses will receive between $20,000 and $100,000 in cash flow boost amounts
China’s third richest man is a relative new kid on the block — and one of the country’s youngest billionaire entrepreneurs. Colin Zheng Huang, age 40, founded online discount platform Pinduoduo in 2015 and took the e-commerce firm public on the Nasdaq in 2018. Following a
As remote working increases, many businesses have adopted non-traditional solutions to manage this transition. Those that were quick to pivot and adopt digital solutions saw the least disruption during the nationwide shutdown. However, with restrictions easing across Australia and New Zealand, businesses are learning to
Visibility and control, two things we could all use a little more of when it comes to our business spend. I think we can all agree that the current circumstances have not only made us think about future proofing our business but have required us
The ATO is offering $150,000 per asset write-offs as an economic lifeline for small businesses struggling financially amid the pandemic. Despite the write-offs being five times the normal amount granted to small businesses in a financial year, most are not partaking. A survey by SME
Shopper Media today released the findings of its Consumer Sentiment Study, revealing the impact of COVID-19 on current and future shopping patterns and the behavioural and attitudinal shifts driving the changes. The Consumer Sentiment Study was an online survey of 11,390 Australian consumers nationally, with
Treasurer Josh Frydenberg’s statement on the economic impact of the COVID crisis: Household consumption and business and dwelling investment are all forecast by Treasury to fall sharply in the June quarter. The combination of social distancing, lower incomes and increased uncertainty are weighing heavily on aggregate
Treasurer Josh Frydenberg’s statement on the economic impact of the COVID crisis: Australia finds itself at war against a faceless and flagless enemy. The coronavirus has created a one in a hundred year event. A health and economic shock the likes of which the world
Image: Reuters China, South Korea and Taiwan are just some of the places using Big Data, AI and other emerging technologies to manage the effects and mitigate the risks of COVID-19; Jamaica and several countries in continental Africa offer good examples of leadership approaches that
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