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Invoice delays: The 62-43-37 rule to tackle late payments

​ The recent findings from a CreditorWatch survey shed light on a significant challenge faced by Australian businesses, with over 80% of respondents reporting the detrimental impact of late payments on their growth trajectory in the last six months.  The study underscores the pervasive issue, emphasizing that a substantial 37% of businesses have become accustomed […]

How SMEs can maintain momentum post-Christmas

​ About 95 per cent of businesses in Australia are classified as small-to-medium businesses, and many of them are approaching the busiest time of the year – one that effectively bolsters their coffers for the year ahead.  We undertook a survey of SMBs and consumers in the US (a market which mirrors Australia’s) and found that 75 […]

Funding highlights: December 1 to December 7

​ Here’s a recap of recent funding developments from Australia, India, the US and beyond. Leonardo.Ai raises $47 million to empower creativity with AI Australian GenAI startup, Leonardo.Ai, has successfully raised AUD$47 million (USD$31 million) from investors such as Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital, and Samsung Next. The platform has […]

A guide for SMEs to assess ESG investment impact

​ Measuring environment, social, and governance (ESG) performance is about more than ticking off a checklist or playing it safe. Instead, it’s a pathway for businesses to innovate and grow sustainably. The majority of Australian businesses (93 per cent) recognise that ESG performance is relevant to the enterprise value of organisations. Additionally, customer retention (41 […]

Deadline approaching: SMEs have until December 31 for Lodgment Amnesty

​ Small business proprietors have a limited 25-day window to rectify overdue forms using the Small Business Lodgment Penalty Amnesty Program.  The amnesty, concluding on December 31, 2023, specifically targets late lodgment penalties for small business income tax returns, fringe benefits tax (FBT) returns, and business activity statements (BAS) initially due between December 1, 2019, […]