How long does the average small business wait to receive payment for their invoices? And how late is the average payment?   The latest Xero Small Business Index has the answer to both those questions.   Between July 2023 and May 2024, average payment times ranged between 22.2 and...

Retail sales revenue rose just 1.6% in the year to February, well below the 3.4% inflation recorded during the same period, according to the latest data from the Australian Bureau of Statistics.   The Northern Territory was the only part of the country to record above-inflation sales...

Most Australian households and businesses remain able to service their debt, despite the tough economy, according to the Reserve Bank of Australia (RBA).   “Strong conditions in the labour market, the large savings buffers accumulated by many borrowers during the pandemic and rising housing prices are helping...

The Australian Taxation Office has reminded small businesses they may be eligible for tax concessions. Businesses with an aggregated turnover of less than $2 million can qualify for capital gains tax (CGT) concessions, including the small business 15-year exemption, small business 50% active asset reduction, small...

All 13 industries monitored by the Australian Bureau of Statistics (ABS) have recorded year-on-year increases in their turnover, according to the latest data. After analysing business activity statements, the ABS found turnover increased by: Accommodation & food services2% in the year to January Mining3% Administrative &...

Demand for office space increased by an average 0.1% across the country's CBDs during the six months to January, according to the latest six-monthly snapshot from the Property Council of Australia. Nevertheless, the CBD vacancy rate actually increased from 12.0% to 12.5%. That was due to considerable...

Running your own business is full of challenges and ups and downs. We know first hand that having a solid support network around you is key to working through the challenges.   It's great to see the federal government is delivering more funding to allow small...

The federal government has made electric vehicles more affordable after passing the Electric Car Discount Bill through parliament. The bill removes the 5% import tariff for zero- and low-emission vehicles that are beneath the Luxury Car Tax Threshold ($84,916).   The bill also provides a fringe benefits tax...

Navigating a changing economy isn’t always straightforward, but Australian small businesses are used to embracing new opportunities. Grants and allowances may be available for small business owners to lean on either in times of financial need or ahead of a growth venture. We’ve rounded up...

At Finestream, we want to profile businesses that we have worked with who inspire us! DB Motors is one such business, that's why we have chosen them for our next Business Profile. You can view our first Business Profile on Adelaide Hills Lawns & Gardens...