Late payments are increasingly putting pressure on Australian businesses, with new research highlighting just how widespread the issue has become. About 80% of businesses experienced late or overdue payments in the past 12 months, while 17% now consider them a major threat to profitability, according to CreditorWatch’s latest Business Sentiment Survey. On average, […]
The $20,000 instant asset write-off has been confirmed for the 2025–26 financial year, giving eligible small businesses the ability to immediately deduct the cost of qualifying assets. While the measure offers welcome cash flow relief, it is important to understand who qualifies, the timing rules and when claiming the write-off actually makes commercial sense. […]
Owning the premises from which you operate your business – whether it’s a shop, office, factory or warehouse – can offer stability and control. One route many small business owners consider is buying their business premises via their self‑managed superannuation fund (SMSF). This approach has benefits, but also strict rules and compliance requirements. Here’s a […]
The start of a new year is a good time for small businesses to pause, reflect and decide where to focus next. Clear goals help owners stay on track, manage resources effectively, and respond to market changes. Although each business has its own priorities, the process of setting meaningful goals is similar for all, […]
For many Australian small businesses, Artificial Intelligence is fast becoming a mainstream lifeline. According to the 2025 Australian Small Business AI Report from BizCover, 80% of small businesses are already using or planning to adopt AI within the next two years. This shift is opening real opportunities to improve day-to-day efficiency and strengthen cash flow for […]
Simple cash flow strategies to keep your business on track Cash flow pressures continue to drive high insolvency risks for Australia’s small and medium-sized businesses, according to CreditorWatch’s July Business Risk Index The data reveals a worrying jump in business-to-business (B2B) invoice defaults, a key predictor of future financial distress. In the current economic […]
One in five small and medium-sized business (SMB) owners spend nearly a full working week each month on financial admin, according to a recent national survey. The research, commissioned by accounting tech company Dext, found that 21% of SMB owners spend between 21 and 40+ hours per month on non-revenue generating tasks like invoicing, payroll, […]
If you’re a business owner, you’ve probably noticed the change. Hiring is taking longer, budgets are tighter and your team may be working fewer hours. The latest labour force data from the Australian Bureau of Statistics (ABS) confirms it: unemployment rose to 4.3% in June, the highest level since December 2021. While the number might […]
In today’s complex regulatory environment, community clubs face numerous challenges in maintaining compliance while fulfilling their mission to serve the community. This article explores key lessons from the partnership between Omnia Business Solutions and the Kellyville Bushrangers, highlighting the importance of professional support in managing compliance and governance for community organisations. The Role of Professional […]
Imagine this: your biggest client pulls the plug tomorrow – no warning, no buffer. For many business owners, that’s not just a nightmare scenario; it’s a plausible risk. According to the latest SME Growth Index Report, by ScotPac, almost one in five Australian SMEs believe they’d be out of business if one major client or supplier […]