Union Access and Your Business: A Guide for Small and Family-Owned Enterprises
Union Access and Your Business: A Guide for Small and Family-Owned Enterprises Disclaimer: The information provided in this article is general in nature and not intended as legal advice. For specific legal advice, please consult a professional. Recent amendments to the Fair Work Act have brought significant changes regarding union rights and workplace entry, particularly […]
The Future Stability of Small Businesses Amidst the Cost of Living Crisis
The Future Stability of Small Businesses Amidst the Cost of Living Crisis The cost of living crisis is hitting everyone hard, but small business owners are facing unique challenges. They must navigate rising costs while keeping their businesses afloat. This analysis looks at the future stability of small businesses in light of current economic pressures […]
2024-25 Budget: Will Small Businesses Truly Benefit?
2024-25 Budget: Will Small Businesses Truly Benefit? The 2024-25 Australian Budget includes several measures to support small businesses. While these initiatives sound promising, a closer look at the funding and economic impact raises questions about their effectiveness. Instant Asset Write-Off Extension The budget extends the $20,000 instant asset write-off for another year. Noting that as […]
2024-25 Budget: Will Disaster Relief and Preparedness Measures Help Small Businesses?
2024-25 Budget: Will Disaster Relief and Preparedness Measures Help Small Businesses? The 2024-25 Australian Budget promises substantial support for disaster relief and preparedness. But will the proposed measures truly benefit small businesses? Let’s break down the key initiatives and their potential impact. National Emergency Management Agency (NEMA) Funding The budget allocates $236 million over four years to […]
Navigating Through Turbulence: The Vital Role of Legal and Tax Literacy in Small Business Resilience
Navigating Through Turbulence: The Vital Role of Legal and Tax Literacy in Small Business Resilience In light of recent discussions on the vulnerability of small businesses in a market dominated by large corporations, as highlighted by ABC’s report, it becomes imperative to focus on the strategic advantage that heightened legal and tax literacy can provide. […]
The ESG Reporting Conundrum for Small Businesses: A Multifaceted Perspective
The ESG Reporting Conundrum for Small Businesses: A Multifaceted Perspective The implications for small businesses are profound as Australia embarks toward enhanced Environmental, Social, and Governance (ESG) reporting standards. With the government proposing mandatory climate-related disclosure laws for large businesses and financial institutions, it’s essential to consider the cascading effects on the smaller entities that […]
Introducing Director ID: Ensuring Transparency and Accountability in Australian Business
Introducing Director ID: Ensuring Transparency and Accountability in Australian Business The Australian Securities and Investments Commission (ASIC) Modernising Business Registers Program’s (MBR) first service delivery is the director identification number or director ID. This requirement is now available on the Australian Business Registry Services (ABRS) website. Managed by the ATO the ABRS streamlines how you register, […]
Navigating the Cyber Threat Landscape: Essential Insights for SMEs
Navigating the Cyber Threat Landscape: Essential Insights for SMEs SME’s have become increasingly more likely to be targeted by scammers and hackers. The reasoning is simple: businesses collect and store a wide range of consumer data, especially important personal data. If COVID-19 has taught us nothing else, it has certainly shown the depths of human […]