Clancy Yeates

Clancy Yeates

Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.

Threshold for online goods stays

shopping online

Clancy Yeates The federal government is laying the groundwork for a future cut in the $1000 GST-free threshold for goods bought from overseas online stores.

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Taxman shifts focus in high-tech blitz

ATO.

Clancy Yeates The taxman is subjecting small and medium-sized business owners to the type of advanced scrutiny previously reserved for global firms and the super-rich, under a growing push to ensure the sector is...

Tax office puts heat on struggling firms

Clancy Yeates The tax office says it is taking a more aggressive stance on small businesses that may not be financially viable, in an attempt to protect tax revenue and other creditors.

Greens in bid to boost small business support

Small business owners would recieve extra support under the proposal.

Clancy Yeates Small business owners would receive extra support worth up to $300 million a year under a new proposal from the Greens.

Welcome in the middle

online

Clancy Yeates Confidence among medium-size companies has edged up in recent months, and the sector continues to remain more optimistic than big and small business, a new report says.

Rates put big squeeze on small business

More interest rate cuts likely (Thumbnail)

Clancy Yeates Small-business customers have received the least benefit from the latest cycle of interest-rate cuts, new figures show, despite moves by the major banks to target the SME market.

Small business urged to detail power struggles

Clancy Yeates Brendan O'Connor open to examining whether big companies given unfair advantage.

Less red tape? Yes please

Clancy Yeates Business leaders and the nation's top politicians are set to spearhead a push to cut red tape.

More small companies fear damage from high dollar

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Clancy Yeates More than on third of small companies in survey cite strong Australian dollar as a concern.

Tills quiet at department stores

While retail figures are on the improve, spending in department stores is on the slide.

Clancy Yeates Spending at department stores slumps to its lowest in two years, as spending on food and cafes jumps.

Abbott courts small business

abbott

Clancy Yeates Opposition Leader Tony Abbott makes a pitch to small business, saying a Coalition government would seek to save the economy $1 billion a year by slashing red tape.

Big rise in business failure rate

Immigration cuts have contributed to the decline in retail sales.

Clancy Yeates The number of corporate insolvencies has surged to its highest level in more than a decade.

Supermarket players have too much power

The cost of living continues to rise.

Clancy Yeates ACCC should be given powers to break up companies that exert too much power, say senators.

Retail likes rate cut

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Clancy Yeates and Eli Greenblat Business leaders in the slow lane have applauded the Reserve Bank's interest rate cut.

Credit growth 'building up'

banking.

Clancy Yeates New lending to business has jumped to levels not seen since the global financial crisis.

Confidence on the up amid rate cut hopes

RBA.

Clancy Yeates and Eli Greenblat Confidence appears to be recovering from ''recession-like'' lows, with expectations of an interest rate cut.

Online to prompt bookshops' end within years: minister

PlannerGeneric image of a pile of books Open book

Charlotte Harper, Clancy Yeates Online shopping will wipe out general bookstores within five years, leaving only specialist players in capital cities, the Minister for Small Business predicts.

Booksellers outraged over minister's predictions

Books.

Charlotte Harper, Clancy Yeates Nick Sherry's prediction that online shopping will wipe out general bookstores within five years has sparked anger and shock in the industry.

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Reserve rejects gouging claims

Gouging.

Clancy Yeates The Reserve Bank has played down claims that the big banks are gouging small businesses, saying interest rates on business loans are near their long-term average.

Qld builders deny flood labour crisis

Flooded Queensland house

Clancy Yeates Queensland's small and medium builders have played down the threat of a wage spiral caused by flood reconstruction.