Economy

Chris Zappone

Small business losing faith in economy, says survey

Money

Chris Zappone Confidence among smaller businesses has tumbled to levels not seen since the global financial crisis, with worries about fuel costs, cash flow and interest rates weighing on sentiment.

Spending slide spreads: Westpac

spending

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

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

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

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.

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.

Accountants still a trusted source of advice, say SMEs

Finance

Alexandra Cain Most small business owners still rely on their accountant rather than their lawyer, bank, business coach or financial planner, according to a survey of Australasian small business owners.

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.

BUSINESS MAXIMS

Hey Max, what about my tax?

ABN number.

Max Newnham Q. I know I need to obtain an ABN from any supplier but do I need to get one for the people I do work for?

Tax cut a boon as work dries up

Landscape gardeners James Anderson (left) and Danny Fern

Rachel Wells James Anderson, who runs a small landscaping business, says the government's plan to reduce company tax by one percentage point would help offset the slowdown his business is already beginning to see.

Comments 1

Smart owners always ready to sell

Christopher Niesche SMALL BUSINESS owners who want to get the best price when they sell should start preparing for the sale years in advance, experts say.

Lead time crucial for selling business

It's not easy for small businesses to keep afloat when the market is pulses up and down.

Christopher Niesche Small-business owners who want to get the best price when they sell out should start preparing for the sale years in advance, experts say.

Fail to plan, plan to fail

Christopher Niesche Succession is a vital, often overlooked, part of self-employment.

Mark Bouris

Small and non-bank lenders worth a look

Mark Bouris

Mark Bouris The truth is that you can't influence a rate cut, but you can look for a better deal.

RBA slashes interest rates to 3.75 per cent

Interest rates may be lifted next month...

Chris Zappone RBA slashes rates by the most since the GFC in a bid to reignite growth in the sagging economy.

Undervalued: why less is risking more

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Christopher Niesche The increased cost of construction brought on by the carbon tax and the soft economic conditions mean many more small businesses are taking the risk of being underinsured, an insurance consultant...

Missing tax cut doesn't spell doom for small business

budget

Max Mason Wayne Swan’s surprise decision to drop Labor’s previously promised one per cent cut in the company tax rate will still have benefits for small business, economists say.

What the budget means for small business

Australian Treasurer Wayne Swan

Max Newnham This year's federal budget has again shown that the small business sector is largely ignored by politicians and bureaucrats in Canberra.

How to increase prices without alienating clients

money

Christopher Niesche Increasing prices can be tricky at any time, but in the current soft economy small businesses risk losing customers if they mishandle the price rise.