Banking

BUSINESS MAXIMS

A question of profits

Tax.

Business Maxims Operating a business through a company can be a great idea when starting out. But the tax benefit can be outweighed when profits have built up.

Severely late bills hit one-year high

Late bills became even later in the December quarter.

Chris Zappone The number of bills being paid "severely" late by Australian businesses have hit a one-year high, rising by almost 30 per cent in the December quarter.

Spending slide spreads: Westpac

spending

Danny John Key parts of Australia's services sector are being hit by the slowdown in consumer spending.

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.

FINANCE

Keeping your lenders in the loop

Having a good relationship with your bank could save you.

Tony Kaye Having a better relationship with your bank could save you if push comes to shove. Here's how to do it.

Pass rate cuts on to SMEs: retail body

Don't forget SMEs, urges retail body.

Larissa Ham A peak retail body has urged banks to pass on yesterday's interest rate cut to small and medium-sized enterprises.

Retail likes rate cut

...

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

FINANCE

Write, which way should I pay my tax?

Keyboard.

Business Maxims Q. I am a UK citizen, and am doing a spot of freelance writing. Should I be taxing myself through my ABN number?

Credit growth 'building up'

banking.

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

Can't pay the ATO? Don't do a runner

Don't keep the ATO in the dark.

Max Newnham Often the first financial commitments that cash-strapped businesses ignore are payments due to the tax office.

We owe ourselves salaries

Max

Business Maxims Q. Can we claim our salaries - which we don't have the money for - as a tax deduction?

All debts are off

Many consumers are determined to hold on to their cash.

Alison Bell Small businesses are facing a debt repayment strike that could send many of them broke.

Businesses slow to act on rising dollar

Dollar.

Despite all the gripes from business about the strength of the Australian dollar hitting profits, few seem prepared to do anything to protect their bottom line.

The ultralight start-up: how to launch a business without clout or capital

Bankrupt

David Wilson Launching a start-up is easier than ever. But, because entry barriers verge on non-existent and everyone wants to be the next Facebook, Twitter or Dropbox, competition is fierce.

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.

Comm Bank, NAB to review business rates

Eric Johnston and Peter Martin Borrowers face further pain, with Commonwealth and NAB expected to review mortgage, business rates.

BUSINESS MAXIMS

The ABCs of GST

ABC.

Max Newnham When you own a business there are countless rules and regulations that must be met.

Business demand for credit at four-year low

Peter Martin Latest NAB business survey shows two-thirds of businesses reported no need for finance in January.

ATO issues? Just ask small business

ATO.

Henrietta Cook Small businesses welcomed a review of the Australian Taxation Office's cash-economy benchmarks.

Budget should help disaster-hit businesses

Queensland's state budget should be used not only to rebuild the state but its businesses too, an industry group says.