News

 “Poor cash flow is the primary reason for business insolvency in Australia”  - Kate Carnell, Australian Small Business and Family Enterprises Ombudsman The Australian Small Business and Family Enterprises Ombudsman (ASBFEO) has released a report of large business...

The 2019 Federal budget, announced by Treasurer, Josh Frydenberg on 3 April is rightly described as a play for the next Federal election.  More spending and tax cuts have been promised, and while these will of course be dependent on the re-election of the Government,...

Apricity was a proud contributor to Mortgage Professional Australia today with our article 'Six thing you should know about invoice finance'. Find out why SME's are increasingly turning to our solution...

The Royal Commission into financial services concluded in Australia last month, exposing a catalogue of misconduct by big banks and superannuation companies.  The final report, which may lead to criminal or civil prosecution for the banks, also recommends widespread...

Announced last November, the Australian Federal Government plans to introduce a national payment register that would force large businesses to report on how long it takes them to pay their suppliers.  This move, which would give small businesses the opportunity to...

Join the Apricity NRL Footy Tipping Competition Register your interest now to be part of the 2019 Apricity NRL Footy Tipping Competition and receive weekly tips from Rugby legend Gorden Tallis.  First prize is a $1,000 Qantas voucher. Register Now.  Please select Join...

Banking Royal Commission disappoints for SMEs As we all know by now, Commissioner Hayne’s final report was made public on 4 February, with the Government pledging to take action on all 76 of the recommendations made.  Federal Treasurer Josh Frydenberg stated; “From...

ATO debt can be one of the biggest barriers to securing finance for small business.  If this is an issue facing you as a business owner, you are not alone - last year the ATO released figures showing that Australian Small Businesses owe in excess of $12...

2018 has been an exciting year of growth for our business and we are proud to have been part of the success stories of many of our clients.   The end of the year is a great opportunity to catch up, take stock and celebrate our achievements.  We have been lucky enough...

Small to medium business insolvencies dominate external administrator’s reports, according to an ASIC’s report of corporate insolvencies for the 2017-18 financial year. This year’s findings are consistent with the last two, revealing the top reasons for businesses...

Companies that inflict long payment terms on their small business suppliers are now facing the possibility of public naming and shaming under a review of payment times outlined this week by the Small Business Ombudsman, Kate Carnell. The review will include a survey...