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CreditorWatch Blog

A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds

A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds

Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB […]

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How will the economy Impact SMEs in 2017?

How will the economy Impact SMEs in 2017?

September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period includes the […]

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SMEs not buying recession talk: MYOB survey

SMEs not buying recession talk: MYOB survey

Talk of a looming recession is being shrugged off by SME operators, according to the latest Business Monitor from accounting software provider MYOB.  The bi-annual survey of more than 1000 SME operators found that 26% expect the economy to improve over the next year, while a further 33% expect it to remain the same. The […]

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One in four SME owners are juggling businesses

One in four SME owners are juggling businesses

Two in five SME owners either operate multiple businesses or plan to, according to new research from MYOB with Tim Reed, the cloud accounting provider’s CEO, declaring “the great Australian entrepreneurial spirit is alive and well.”  Findings from MYOB’s latest SME Snapshot – a survey of 589 business owners – indicate that a quarter of […]

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SMEs pessimistic about economy but start-ups forecast revenue growth: MYOB survey

SMEs pessimistic about economy but start-ups forecast revenue growth: MYOB survey

Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed.    The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]

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SMEs do not understand foreign direct investment

SMEs do not understand foreign direct investment

A surprising amount of Australia’s small-medium enterprises (SMEs) lack a working knowledge of foreign direct investment (FDI) and how it relates to the economy and their business. Findings released from Bentley’s The Voice of Australia Business Survey has revealed that 64 per cent of SMEs have ‘no idea’ how much FDI contributes to Australia’s Gross Domestic Product […]

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