Legal

Insolvencies at a record high for small businesses

Tony Kaye Insolvencies across Australia's small business sector are soaring, with the number of companies placed into administration at the highest since 1999.

How to start a multi-million dollar venture with $10,000

business man

Tony Featherstone Consider this: a young entrepreneur starts an online furniture retailer with $10,000. Another starts an online pharmacy with $20,000, and a construction franchise gets going with $25,000.

Comments 17

How to deal with a cash crunch

cash

Christopher Niesche When businesses go under, it’s usually not because they’re not making a profit, but because they don’t have enough cash to pay their bills.

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.

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.

Business alert: no dividends in skipping super

The Tax Office is responding aggressively to complaints that small businesses are not paying super on time.

Ruth Williams Small businesses struggling with tight cash flows have been warned not to fall behind on employee super payments

Don't get caught without cover

Business dink.

Business Maxims There are many ways to own and operate a business. Some of them are simple, such as a sole trader or partnership, where the owner earns income as a share of profits.

Business Maxims

Not meeting super obligations can be an expensive mistake

Max Newnham

Max Newnham Businesses who fail to pay their employees' superannuation properly face a raft of penalties and risk attracting the notice of the Fair Work Ombudsman.