Finance

Finance

Finance ideas, advice, news and tips from Australia's best business start-up mentors and journalists. StartupSmart's finance section features information and advice for business start-ups and people looking to start a business.

Advice How do I find the best insurance for my business?

There’s a range of things you can insure your business against and seemingly even more firms that are prepared to provide that insurance.

Advice What do I need covered by insurance?

Small businesses’ only insurance obligation is to provide work cover for their employees, to guard against injury or death claims.

Advice How do I find a good accountant for my business?

In the early stages of a business formation, extra costs need to be considered carefully but it’s safe to say that you’ll need an accountant at some point.

Advice What are the tax pitfalls I should avoid?

Being mindful of the deadlines that are imposed upon you by the Australian Tax Office (ATO) is a simple but effective way of reducing your risk of falling foul of the tax man.

Advice What are the main taxes I have to consider?

The rate of tax you will have to pay as a business will fluctuate from year to year, but there are some basics you will need to be aware of in terms of your liability.

News Strong Aussie dollar prompts renewed calls for tourism industry boost

A tourism lobby group has renewed calls for the government to create more incentive for entrepreneurs to invest in tourist facilities, amidst the high local dollar and a $7.2 billion deficit.

News ICT start-ups dominate $10.4 million Commercialisation Australia round

More than 25 businesses will share in $10.4 million in the latest round of Commercialisation Australia grants, with 11 of the winners coming from the ICT sector.

News Niche retailers look to prosper as consumer spending slips

Rental businesses appear to be moving beyond big-ticket items into smaller niche markets, as cautious consumers continue to look for ways to save money across all categories.

News RBA leaves interest rates on hold

The Reserve Bank has surprised the business sector with today’s announcement that the official cash rate will remain unchanged at 4.25%, insisting the situation in Europe is improving.

News Retailers reveal top Valentine’s Day sales tips as spending tipped to rise 4.8%

Almost $1 billion will be spent by couples in the lead-up to Valentine's Day on February 14.

News Sales expectations hit pre-GFC high: Report

The sales expectations of Australian businesses have hit an eight-year high, with expected interest rate reductions boosting confidence, according to a new study.

News Third straight Reserve Bank interest rate cut tipped

Economists are confident the Reserve Bank will cut the cash rate when it meets tomorrow, but the interest rate cuts appear to be having little impact on demand for business banking services.

News Services sector lifts after months of decline: Report

The services sector has lifted after three months of decline, according to the Australian Performance of Services Index.

News Businesses in the dark over tax write-offs as economic pessimism grows

More than a third of small businesses believe Australia’s economy has worsened in the last six months, new research shows, while less than a quarter are unaware of a new tax write-off.

News CreditorWatch sets sights on banks after multimillion dollar investment

Credit reporting service CreditorWatch has secured funding from Nightingale Partners in what is understood to be a multimillion deal, as it sets its sights on major clients including the big banks.

News Rezdy eyes global growth following $250k seed funding

Rezdy, a six-month-old web start-up, has secured $250,000 in funding from Grand Prix Capital ahead of an ambitious global growth plan over the next year.

News Xero acquires Max Solutions after raising $15m

Accountancy software company Xero has raised $15 million to fund global growth and has made its first acquisition for the year, snapping up Max Solutions in a deal worth almost $5 million.

News Ryan Seacrest scores $300 million to invest in media companies

American radio host Ryan Seacrest has raised his profile as a celebrity-turned-entrepreneur, after his investment company received $300 million to invest in other media companies and projects.

News Start-up numbers hit record low as new ventures struggle

The number of new business established last financial year was the lowest on record, according to the Australian Bureau of Statistics, with young firms and sole traders the most likely to fail.

News Pollenizer’s Pygg raises $600k while Wooboard heads to US

Pollenizer-backed start-up Pygg has raised $600,000 in six months from a host of investors, including Yahoo!7 chief Rohan Lund and Tim Howard of Seven Network’s Vividwireless.

News Business confidence brightens in December

NAB’s Monthly Business Survey shows business confidence improved in December despite the European debt crisis. Confidence rose by one point to +3 index points in the month.

News Food retail sector set for subdued March quarter

Australia’s food retail sector will undergo subdued growth in the March quarter, according to the Australian Food and Grocery Council CHEP Retail Index, following stronger sales in December.

News Springwise Wildcard accelerator hunts for start-ups

Applications close today for the Springwise Wildcard scheme, which will see start-ups travel to Amsterdam to participate in the Rockstart accelerator program.

News Facebook IPO tipped to spark start-up acquisitions

Facebook could file for an initial public offering as early as this week, according to reports, which would value the company at up to $US100 billion.

News News Corp-backed Beyond Oblivion bankrupt before launch

New York-based digital music start-up Beyond Oblivion has filed for bankruptcy before its launch, despite financial backing from News Corp and nearly $90 million from investors.

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