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150,000 Jobs for NSW

Regional NSW is set for an employment boost following Premier Mike Baird’s announcement of a four-year Jobs for NSW initiative to create 150,000 new jobs. At least 30 per cent of the $190 million fund set aside for the program will be channelled to regional and rural areas. This adds a slice to the regional…

Unconscionable conduct costs vacuum retailer $370,000

Vacuum cleaner retailer Lux Distributors will have to suck up a $370,000 penalty for engaging in unconscionable conduct. The Federal Court ordered Lux pay the penalty in proceedings brought by the Australian Competition and Consumer Commission (ACCC) in relation to the company’s sale of vacuums to three elderly women aged between 82 and 93 years.…

SuperStream makes super payments super easy

SuperStream is here and it’s changing the way businesses meet the employee Super Guarantee. Part of the federal government’s Super Reform package, the Australian Taxation Office (ATO) says employers will benefit from the simplified electronic payment process.  Businesses should notice a reduction in the time and cost spent processing contributions.  Critically, it will also assist…

Export market development grants a growth opportunity

Small and medium-sized businesses can build capacity and realise growth by applying for an Export Market Development Grant (EMDG). Current or prospective exporters can use the EMDG scheme to create or expand their overseas markets and take advantage of opportunities presented by new free trade agreements and the low Australian dollar. Australian Industry Group Chief…

Fantastic plastic: cash-only businesses risk sales loss

The cashless economy is well and truly upon us, with Australians making more than 225 million debit and credit card transactions each month. Research reveals cash-only businesses slow to embrace alternative payment options run the risk of losing sales and customers. A report published by consultants Economists International (EI) tracked growth in five businesses following…

How to make a billion dollars in business

We are in an age of great money-making business opportunities – we just don’t know where to look for them according to SeaChange International CEO Jay Samit. Jay says when trying to find your billion dollar idea, you need to look to where value is created and captured instead of the overall environment for business. …

$2,000 grant targets small business expansion

Small and micro businesses looking to expand operations by employing additional staff are eligible for a $2,000 grant under the NSW Government’s Small Business Grant. The Office of State Revenue is rolling out a series of free seminars that provide an opportunity for businesses to learn about the grant and how they can implement it…

Succession planning: it's more than an heir and a spare

With the birth of Princess Charlotte, the Duchess of Cambridge completed her royal duty by producing an heir and a spare, thus ensuring the House of Windsor’s reign for another generation. Royals aren’t the only people who need to consider succession planning.  Business owners and operators need to think about it, too.  Succession planning is…

Free food safety workshops protect business and customers

Food safety standard breaches can be costly for businesses, not just in dollar value but also in reputation and ongoing business viability. Cessnock City Council Director Planning and Environment Gareth Curtis said as part of Council’s aim to promote food safety, free food handler awareness workshops would be offered throughout September. “The workshops are a…

You're fired!

Dubbed the Myer Liar by the media, Andrew Flanagan was back in the news recently as his fake resume escapade came to a head in the Victorian County Court. Last week Mr Flanagan pleaded guilty to four deception charges and was put on a three-year community corrections order requiring he complete 400 hours of unpaid…

Car expense deduction changes: have you implemented the new flat rate?

The Government’s car expense tax deduction has been simplified to one flat rate of 66c per kilometre for up to 5,000kms. The change means different rates no longer apply to different engine capacities, and the yearly deduction rate is essentially capped at $3,300.  Payments exceeding that amount can still be made but are subject to…

Competition brings savings for customers

A draft report on the competitiveness of the NSW retail electricity market has revealed small businesses stand to save up to $610 per year by switching providers. The Review of the Performance and Competitiveness of the Retail Electricity Market in NSW, released by the Independent Pricing and Regulatory Tribunal (IPART), also found around 25 percent…