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Small business allowed to contest ATO benchmarks

11:05PM | Tuesday, 29 November 2011 | Michelle Hammond

Benchmarks developed by the Tax Office for small businesses are a good tool to detect income but are otherwise susceptible to “heavy-handed” use, according to the inspector-general of taxation.

Government urged to tackle supermarket home brands

11:54PM | Monday, 28 November 2011 | Michelle Hammond

The Australian Food and Grocery Council is urging the Federal Government to appoint a Supermarket Ombudsman to control the amount of shelf space taken up by home brand products.

Business groups up in arms over super levy rise

11:17PM | Friday, 25 November 2011 | Michelle Hammond

A leading business group says it’s appalled by the Federal Government’s lack of consultation on lifting compulsory superannuation by 3% from 2013-14, claiming the increase will cost jobs.

Retailers reveal top Christmas sales strategies

11:05PM | Friday, 25 November 2011 | Michelle Hammond

Successful retailers have revealed their best Christmas sales strategies, after the Australian Retailers Association painted a gloomy picture for the industry with its latest predictions.

Banks introduce same-day settlement for weekend trade

11:29PM | Tuesday, 22 November 2011 | Michelle Hammond

Retail and hospitality businesses relying on weekend trade look set for quicker access to their funds, with two of the major banks moving to same-day settlement, seven days a week.

Union pay push set to impact retailers

11:49PM | Monday, 21 November 2011 | Michelle Hammond

Employers in the retail industry could be dealt another blow in light of a union push to introduce the adult wage at 18 years of age instead of 20, in addition to a pay push for apprentices.

Healthzone collapse compromises 80 franchisees

11:43PM | Monday, 21 November 2011 | Michelle Hammond

Health products chain Healthzone Limited’s 80 franchised and 30 company-owned stores will continue to trade in the short-term, despite the business being placed into receivership.

Retail sales record 25-month high ahead of Christmas

11:52PM | Friday, 18 November 2011 | Michelle Hammond

October was the best month for retailers in 25 months, according to the Commonwealth Bank Business Sales Indicator, suggesting Christmas sales may not be as dismal as initially thought.

Dealing with a nosedive in client spending

11:12PM | Friday, 18 November 2011 | Michelle Hammond

Randall Deer knows all too well what it’s like to launch a business during a severe downturn. His second business, My Holiday Centre, was launched at the height of the GFC.

Iconic Australian surfwear brand Hot Tuna up for sale

11:10PM | Wednesday, 16 November 2011 | Michelle Hammond

Australian-founded surfwear brand Hot Tuna is up for sale due to slow growth and a stagnant market, according to reports.

ACCC issues carbon price business guide

11:16PM | Tuesday, 15 November 2011 | Michelle Hammond

The Australian Competition and Consumer Commission has launched a guide for businesses on carbon price practices, urging them to ensure their claims are accurate and can be substantiated.

Business payment terms hit 53 days: Report

11:12PM | Tuesday, 15 November 2011 | Michelle Hammond

Australian businesses are taking almost a month longer than average to pay their bills, according to Dun & Bradstreet, with national payment terms reaching 53 days in the September quarter.

Labor flags mini budget in desperate bid to return to surplus

11:57PM | Monday, 14 November 2011 | Michelle Hammond

The Federal Government has compiled a mini budget in a bid to return the budget to surplus next year, but the controversial measure is unlikely to impact small business.

Analysts highlight hidden costs of mobile devices

11:28PM | Monday, 14 November 2011 | Michelle Hammond

Small businesses need to be aware of the hidden costs associated with equipping employees with mobile devices, analysts warn, as employers attempt to make their staff more productive.

Consumers still have appetite for food and entertainment

11:53PM | Friday, 11 November 2011 | Michelle Hammond

Australian consumers might be avoiding the shops, but they’re still prepared to indulge in food and entertainment, according to the latest MasterCard survey on consumer purchasing priorities.

Insolvency spike prompts Christmas cashflow warning

11:31PM | Thursday, 10 November 2011 | Michelle Hammond

The number of corporate insolvencies has surged to its highest level in more than a decade, after almost 3,000 companies entered administration in the September quarter.

NBN Co. to offer tailored services to small firms

11:32PM | Wednesday, 9 November 2011 | Michelle Hammond

The National Broadband Network Company will allow wholesale internet service providers to cater for small firms and home operators, enabling businesses to tailor their broadband services.

Trio of Harvey Norman subsidiaries in administration

11:22PM | Monday, 7 November 2011 | Michelle Hammond

Harvey Norman has appointed an administrator to three of its failing stores, amid complaints by landlords about unpaid rents on two abandoned Rick Hart stores in Western Australia.

Groupon’s IPO success set to spark local activity

11:18PM | Monday, 7 November 2011 | Michelle Hammond

It’s been revealed Groupon raised $US700 million after increasing the size of its initial public offering, with experts predicting the local market to witness similar activity as the sector starts to mature.

eBay’s top sellers confident of Xmas sales surge

11:55PM | Friday, 4 November 2011 | Michelle Hammond

Two-thirds of eBay’s top 3,000 sellers say they’re confident this Christmas will be their busiest yet, according new research, amid an upward trend in retail sales.

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