Business Management

How to Get your Business Back from the Brink of Failure — or Avoid Getting There in the First Place

By: MORGAN KELLY In any economy, business failure is inevitable for a certain percentage of the corporate sector. The commercial landscape is a competitive and frequently changing environment, which inevitably leads to business models, products and at times entire industries being rendered unsustainable. This is even more pronounced during times of economic uncertainty when management teams […]

July 11, 2016
Business Management

Is Competition Actually Good for SMEs?

BY: SHARON WILLIAMS Spending too much time sussing out the competition can be a distraction, but when I do, the insights are often important to my SME and my direction as a leader and innovator. This information is occasionally acted upon or at a minimum, it influences my thinking, my team and my business. In a world where the focus is increasingly on […]

July 9, 2016
Business Management

Being Strategic Separates the Successful from the Survivors

BY: LAUREN FRIED What’s the difference between confident entrepreneurs leading blossoming businesses and owners who can’t get out of survival mode? Having a clear marketing strategy.
 It’s all too easy to get caught up in the day-to-day execution of your marketing tactics such as building a website, advertising, posting on social media, just to name a […]

July 6, 2016
Accounting Business Management Tax

SME Owners Losing Personal Time to EOFY Prep

BY: JAMES HARKNESS Small business operators are working weekends and nights to organize the paperwork necessary to meet their EOFY obligations, according to the latest MYOB Business Monitor – a bi-annual national survey of over 1,000 SME owners. “Many operators are making significant personal sacrifices over and above running their day-to-day business, making EOFY not only […]

June 30, 2016
Accounting Business Management Tax

Missed Opportunities for SMBs that Go It Alone at Tax Time

BY: GUEST AUTHOR Many of Australia’s small businesses might be missing out on potentially valuable tax deductions by not consulting with a financial expert, according to research highlighted by finance and tax software developer Intuit.  Conducted with Galaxy Research, the study involved a survey of 400 small business owners in May, this year. The researchers found that, as the countdown […]

June 29, 2016
Accounting Business Management Tax

Ad-hoc Expense Management Systems a Burden for Financial Controllers and Sales Staff

BY: JAMES HARKNESS Small businesses can take the pain out of meeting EOFY tax-time requirements by ditching the shoebox overflowing with expense claims and invoices.  Dynamic Business spoke to Concur, an expense management solutions provider,  to find out more about how small businesses can better manage their invoices and expense claims at tax-time. According to Murray Warner, director […]

June 28, 2016
Accounting Business Management Tax

SuperStream Extension for Small Businesses

BY: JAMES HARKNESS More than 450,000 small businesses have become SuperStream compliant ahead of the 30 June deadline. If your businesses will struggle to adopt the new payment standard in time, don’t worry: the ATO has announced it is extending the deadline by four months.  Deputy Commissioner James O’Halloran said small businesses that need extra time to become SuperStream […]

June 27, 2016