Facebook turns 15: Is the platform still worth the time for small businesses?

SmartCompany, February 4, 2019 In the past 15 years, a website which began as a ‘hot or not’ rating game for female Harvard students has become a $500 billion social-media behemoth with the power to disrupt global politics and send content viral overnight. While we can debate the merits of Facebook and social media until the cows come home, it’s …

Media Release: Finance Brokers’ Commissions

6 February 2019 The findings from the Financial Services Royal Commission are washing through the Australian conscience and indeed the economy. Whilst the behaviour of the major banks and financial institutions that have been exposed during the Commission cannot be condoned, the effects on some small businesses will be far reaching. The announcement from Josh Frydenberg, the Australian Federal Treasurer, …

Watchdog bites Gupta group over late payments

The Australian, February 8, 2019 The industrial group owned by British billionaire Sanjeev Gupta will immediately address overdue payments to suppliers in the South Australian steelworks city of Whyalla after meeting Australia’s small business watchdog. Small Business Ombudsman Kate Carnell yesterday spoke with senior GFG Alliance executives after her office received several complaints from businesses struggling with cashflow problems. Those …

Former PM Jim Bolger is back to revive New Zealand’s unions

The Weekend Australian, February 9, 2019 We are not in the habit of looking to New Zealand for inspiration but before long we will be hearing all about its new wage growth-­inducing, inequality-busting work­­place relations system and why we should adopt it. First, here is an interesting chain of events that provides a heartwarming ­glimpse into how, over time, some …

MESSAGE FROM OUR CEO – FEBRUARY 2019

ELECTRICITY a ticking time-bomb: By the time this edition of the Broadcast is published the heat will indeed be the McGowan Government over power prices. In an opinion piece by Paul Murray published in The West Australian on 2 January 2019 under the heading ‘Heat is on McGowan Government over power prices’, he said: “There are few things more important …

Peter Strong: What will 2019 bring, and what do small businesses want

SmartCompany, January 14, 2019 There will be an election in 2019, and at some stage, we will be conducting a mail out to selected marginal seats highlighting the policies of COSBOA and comparing these to the policies offered by the major parties. We want small business owners (who of course are also voters) and their employees to know what business …

Five tax tips for businesses looking to get ahead of the curve in 2019

SmartCompany, January 14, 2019 Last year was tumultuous for the world of SME taxation, from the implementation of Single Touch Payroll (STP) for firms with more than 20 workers to worrying revelations about ATO conduct surfacing. But with a federal election on the cards, a suite of SME tax policies from both parties, and even more STP compliance to come, …

Five ways small businesses got screwed over in 2018

SmartCompany, December 18, 2018 It’s been a tumultuous year for Australia in a general and businesses haven’t been immune to the fallout from some of the country’s biggest scandals in recent memory. There’s the banking royal commission, the revelations from which have prompted horror from small business advocates and resulted in a credit crackdown that’s curtailing investment. The near constant …

Australian Finance Industry Association’s SMB lending code finds champions

The Australian, January 7, 2019 The Australian Finance Industry Association’s code of conduct for online small to medium business lending has found its team of enforcers, with former FlexiGroup chief executive Symon Brewis-Weston leading the independent committee in charge of ensuring fintechs toe the line. The committee will have the power to investigate potential breaches of AFIA’s code, including the …

Social media “witch hunt” forces regional small-business owner to shut up shop

SmartCompany, January 23, 2019 A small-business owner is closing the doors on her neighbourhood fish-and-chip shop, claiming to have fallen victim to a “witch hunt” by not-for-profit groups. Carolyn Kerr, owner of The Battered Wife Fish And Chips in Far North Queensland, courted national controversy last year over the name of her business, which has been criticised as offensive to victims …