With tax cuts for big business abandoned, what is the fallout for SME’s?
The news has been dominated in recent days by the Liberal Party Leadership saga, a new Prime Minister and a new Cabinet. However, the last days of the Turnbull Government saw proposed corporate tax cuts for big business being consigned to the scrapheap. The contentious plan to cut the corporate tax rate for big business […]
Why invoice financing is a great fit for manufacturing
By it’s very nature, the manufacturing industry lends itself well to invoice financing, a flexible and agile funding method. Manufacturing is alive and well in both Australia and New Zealand. Reports are stating that the manufacturing industry in Australia is heading for a renaissance, with 40,000 new jobs created in 2016. In New Zealand, manufacturing also plays a […]
Qantas Voucher Competition Winner
Congratulations to the lucky winner of our recent competition, Megan Rabbitt-Sutton, the Financial Manager from Wolff Group based in Toowoomba, Queensland. Megan is the recipient of a $250 Qantas voucher. When asked what does Apricity mean for their business, Megan said “the potential to fund invoices and possibly invest further into the growth of their business”. […]
Apricity News + your chance to win a $250 Qantas Voucher
Apricity News + your chance to win a $250 Qantas Voucher Why is it that in Australia, we seem to be continually let down by the leaders in the economy, politics and more recently – our sporting teams? Without getting in to Ball-Tampering-Gate, I do think that as a nation, it’s important to admit when […]
OVERDRAFTS, SMALL BUSINESS AND THE BANKS
Small businesses face many challenges, but one of the biggest obstacles can be obtaining external finance (The Availability of Business Finance, RBA). Many small businesses have typically relied on bank facilities, such as overdrafts, to manage cash-flow shortages, however the RBA states that lenders appetite for this is decreasing. In a speech just before Christmas, […]
7 Simple Tips To Avoid Late Payments
Late payments are an ongoing issue for small businesses around Australia. Check out these simple tips you can use for your business to minimise stress and help ensure you’re being paid on time. When these don’t work, there’s always Apricity!
Accountants urge government to legislate the late payment of small businesses
The Institute of Public Accountants (IPA) is calling for the Federal Government to introduce a loan guarantee scheme and legislate maximum payment times for business-to-business transactions in order to improve financial implications faced by small to medium businesses.
VIDEO: Kate Carnell on Christmas cash flow, access to finance and Single Touch Payroll
Listen to Australian Small Business and Family Enterprise Ombudsman Kate Carnell discuss the importance of maintaining positive cash flow during the Christmas period for small businesses.
Four in Ten Construction Invoices Paid Late
Senate Inquiries are recommending a number of changes when it comes to payment terms for the construction industry as cash flow difficulties are still largely prevalent due to late payment of invoices.
How late payments are sending small business to the wall
The Australian Government is being urged to legislate against late payments by big companies to small businesses as SMEs are being sent to the wall due to cash flow issues.
