MESSAGE FROM OUR CEO – DECEMBER 2018

CoSBA WELCOMES NEW MEMBERS: The Master Painters Association who together with the Master Plumbers Association were joint members for a number of years. We welcome them back as a member in their own right. Additionally, Associate Members: Tieline Research Pty Ltd, Rod Henderson; Knight Management Services Pty Ltd, Stephen Knight SMALL BUSINESS WARNING: As outlined in Greg Brown’s article below …

Coalition finally taking small business seriously

Robert Gottliebsen, The Australian, November 14, 2018 (EDITED) The Australian Government has finally grasped the fact in the generations ahead small enterprises will be the major creator of new jobs. The current business strategies being used by large corporations and the Australian Taxation Office are designed for a past era when large corporations dominated the employment stage. Treasurer Josh Frydenberg …

Morrison government takes steps to remove tax blight

The Australian, November 28, 2018, Robert Gottliebsen The Morrison government may be in crisis but it has announced plans to totally change Australian small enterprise taxation and, in the process, transform the way wealth is created in Australia. In the process it removes one of the great blights on the Australian nation. The famous quote from John Dalberg-Acton describes perfectly …

SMEs financing: Online lender Marketlend in ‘buy now, pay later’ push

The Australian, November 15, 2018 The battle in the often controversial “buy now, pay later” industry is spilling from the consumer into the business sector, with a new player set to push into the market this week. The Australian can reveal online marketplace and peer-to-peer lender Marketlend is forging ahead with a venture that connects small businesses and their suppliers …

Wasted opportunity: 47% of small businesses haven’t heard of the instant asset write-off, research finds

SmartCompany November 1, 2018 The Morrison government’s instant asset write-off forms a key part of its small business agenda, but new research has revealed many SMEs are unaware the program even exists. A survey of 864 small businesses published by American Express this week shows almost half (47%) are unaware they’re able to write off a purchased asset worth $20,000 or …

Warn staff of union threat, businesses told

Greg Brown, The Australian, November 6, 2018 Laundy — a former industrial relations minister and businessman — Liberal MP Craig has called on small and family business owners to “think like union organisers” and start grassroots campaigns against the prospect of industry-wide bargaining if Bill Shorten wins office. As a raft of Liberal MPs urged business to go public with …

Louise Stewart picks up innovation gong for subbie payment protection system ProjectPay

The West Australian, Thursday, 1 November 2018 Subcontractors WA’s Louise Stewart developed the ProjectPay system to protect subbies.Picture: Michael Wilson Fair pay in construction advocate Louise Stewart has won a prestigious innovation award for her project payment technology, ProjectPay. Ms Stewart, better known as Subcontractors WA chairwoman and advocate for fair contracts and timely payment of WA’s subbies, has won …

SMSFs perform better than previously thought, suggests report

The Australian, November 6, 2018 A move to impose a minimum balance on self-managed super funds has been dealt a blow, with new research from the Productivity Commission revealing SMSFs may be cheaper, and perform better, than previously suggested. A supplementary paper issued by the PC as part of its wider review of superannuation re-examines the sector to find that …

Common tax errors revealed: ATO visiting 10,000 businesses in nationwide compliance push

SmartCompany, November 8, 2018 The tax office plans to visit 10,000 small businesses in the 2019 financial year in a nationwide compliance push designed to reduce the SME tax gap. In a speech delivered to the Institute of Public Accountants National Congress last week, deputy commissioner for small business Deborah Jenkins said “mobile strike teams” are being deployed to weed …