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CreditorWatch Blog

7-Eleven store owner faces Court over $50,000 underpayments

7-Eleven store owner faces Court over $50,000 underpayments

7-Eleven store owner and operator, Harmandeep Singh Sarkaria will face the Federal Circuit Court over allegations that he underpaid two migrant workers almost $50,000 and created erroneous records for the workers. The Fair Work Ombudsman (FWO) who initiated the legal proceedings has alleged that Mr Sarkaria short-changed one migrant employee from Pakistan $43,633 between 2012 […]

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$20,000 Tax break: Putting small business “front and centre”

$20,000 Tax break: Putting small business “front and centre”

Three months after the 2015 Budget announced a $20,000 tax break to small businesses, Tim Reed, CEO of MYOB, provider of business management solutions, shares his professional view with Dynamic Business on the effect these budget measures can have on the Australian small business community. Commenting on the $20,000 tax break, Mr Reed said “small […]

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Getting with the digital game at the Small Business Festival Victoria

Getting with the digital game at the Small Business Festival Victoria

With consumers juggling multiple digital devices, the value in having a digital presence as well as a physical presence has never been greater. Despite this, according to the Sensis e-Business Report 2015, only 17 per cent of SMBs have a digital business strategy. The pressure on SMBs to navigate the digital sphere is building as those […]

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Bigstone Capital and The Interface Financial Group to provide invoice finance services to Australian small businesses

Bigstone Capital and The Interface Financial Group to provide invoice finance services to Australian small businesses

Bigstone Capital, a start-up Australian loan market dedicated to small business, and The Interface Financial Group (IFG), one of the North America’s largest alternative finance sources for small businesses have signed a deal to deliver a flexible invoice finance product funded by peer-to-peer market platform. As a result of the collaboration, a range of funding […]

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NSW Business Chamber takes steps to drive Australian innovation

NSW Business Chamber takes steps to drive Australian innovation

In a movement to help drive Australia’s innovation agenda, the NSW Business Chamber has established the Industry Research Collaboration Advisory Alliance. The NSW Business Chamber Chief Executive, Stephen Cartwright, said that a number of representatives across the innovation ecosystem have been brought together to develop practical steps to make industry research collaboration and easier and […]

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Xero announces strategic partnerships to benefit small business

Xero announces strategic partnerships to benefit small business

Xero has announced a number of strategic partnerships today at Australia’s largest accounting technology conference in Melbourne, Xerocon Australia. In a keynote speech to over 1600 attendees at Xerocon Australia today, Xero Australia Managing Director, Chris Ridd, also announced that this week Xero expects to reach more than 250,000 paying subscribers using the global accounting platform in […]

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State-backed loan guarantee scheme for small business proposed

State-backed loan guarantee scheme for small business proposed

The Institute of Public Accountants (IPA) has introduced an Australian Small Business White Paper renewing its call for a state-backed loan guarantee scheme for small business. The paper was launched at a special event in Parliament House on Wednesday, 12 August and makes a number of key recommendations. IPA chief executive officer, Andrew Conway said “it was […]

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Growth of Australian exporters inhibited by financing constraints

Growth of Australian exporters inhibited by financing constraints

Access to finance continues to challenge the growth of Australia’s internationally-active businesses according a new survey commissioned by the Export Council of Australia and supported by Efic, the Australian Government’s export finance agency. The new Australian International Business Survey (AIBS) 2015 is one of the largest and most in-depth surveys of Australian exporters involving over […]

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New industry code highlights need for national regulation of employment services

New industry code highlights need for national regulation of employment services

The Recruitment and Consulting Services Association (RCSA), the peak body for the private employment services sector, has released a proposal for an Employment Services Industry Code (ESIC). The ESIC sets out to eradicate unfair practices with a single national framework for the regulation of the employment services and on-hire marketplace. Steve Granland, CEO, RCSA said […]

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Accounting practices ‘warm’ to cloud solutions

Accounting practices ‘warm’ to cloud solutions

A survey involving more than 400 practices across Australia shows that accounting firms are embracing cloud technology for themselves and clients. According to The Cloud Readiness Survey from Digital First, 43 per cent of accounting practices are anticipating a shift to cloud software in the next 12 months. The survey revealed that accounting firms understood how cloud […]

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