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Top Inside Small Business News

View From The Hill: Jim Chalmers Wants to Get on with Economic Reform and Tax Is in His Sights
Jim Chalmers · Melbourne

View From The Hill: Jim Chalmers Wants to Get on with Economic Reform and Tax Is in His Sights

50% Right coverage: 8 sources
The federal treasurer believes the community is up for significant economic reforms, if the changes are crafted and sold the right way.See the Story
Millions of Aussies to Get Pay Boost From Tomorrow - ABC Listen
Wages · Australia

Millions of Aussies to Get Pay Boost From Tomorrow - ABC Listen

60% Right coverage: 5 sources
Tomorrow marks the start of a new financial year and a suite of changes that'll impact the hip-pockets of Australians. For millions of the country's lowest paid workers, July 1 will bring about a pay boost with a 3.5 per cent increase to minimum and award wages taking effect. Guest: Amanda Rishworth, Minister for Employment and Workplace Relations and former Minister for Social Services (2022-2025) Producer: Lexie JeuniewicSee the Story
Seoul Asks Temu, AliExpress to Pull Children's Products over Safety Concerns
Business · Seoul

Seoul Asks Temu, AliExpress to Pull Children's Products over Safety Concerns

75% Center coverage: 4 sources
SEOUL: The Seoul city government has asked online retail giants Temu and AliExpress to suspend sales of certain children's products over safety concerns, saying on Friday (Jun 27) that some goods far exceeded local limits for hazardous substances. Chinese e-commerce titans like Shein, Temu and AliExpress hSee the Story

Bitcoin and crypto investors hit with flood of IRS letters, say tax experts

Coverage: 2 sources
Crypto tax platform CoinLedger cites a ninefold increase in users asking about IRS letters.Floods · United StatesSee the Story

SMEs Demand More Government Support as Pressures Mount

100% Center coverage: 1 sources
Ahead of the government’s small business review expected this summer, new research reveals that nearly three in five SMEs (58%) feel their concerns are overlooked by politicians, despite the recent manifesto pledge to support small business owners. The research from not-for-profit, Virgin StartUp, reveals that many founders are calling on Westminster to take further action including on a clear long term strategy for SMEs (66%), increased support…Finance · United KingdomSee the Story

Businesses warned of ATO's high interest on tax debt

Business owners across Australia who owe the Australian Taxation Office are being urged to act quickly before the burden worsens. Julian Finch, founder and CEO of Finch Financial, said the ATO’s general interest charge, currently 11.17 per cent and compounding daily, is one of the most financially damaging debts a business can carry, particularly for small to medium enterprises. “ATO interest rates are now more aggressive than most credit cards …Australia · AustraliaRead Article

Small business restructuring has kept struggling companies afloat

A significant uptake in small business restructurings (SBRs) over the past few years has been a key factor in the survival of otherwise struggling small businesses, according to a new report. The Report 810 Review of Small Business Restructuring Process: 2022–24 published by Asic showed there were 3388 SBR appointments that commenced between July 1, 2022 and December 31, 2024, a significant increase from the 82 SBR appointments from January 1, 2…Australia · AustraliaRead Article

SafeWork NSW on the Lookout for Sexual Harassment Risks Across NSW Hospitality Venues

SafeWork NSW has intensified its campaign against sexual harassment with an ongoing compliance program. As part of the program, inspectors led by SafeWork NSW’s Respect at Work Taskforce, assessed hospitality businesses during the past two months whether they were proactively managing work health and safety (WHS) to prevent sexual harassment within their workplace, such as alcohol usage, late-night work, and close interactions with customers. As…New South Wales · New South WalesSee the Story

‘This tax will break them’: The private schools about to be slugged with huge bills

100% Left coverage: 2 sources
Mid-market and specialist independent schools are getting caught by the state government’s controversial schools payroll tax.Taxes · MelbourneSee the Story

New pay rates effective 1 July; how much will they be?

As decreed by the Fair Work Commission, the National Minimum Wage and minimum award wages are set to increase by 3.5 per cent. The increase applies from the first full pay period starting on or after July 1. National Minimum Wage From 1 July 2025, the National Minimum Wage will be set at $948 per week, or $24.95 per hour, which will apply from the first full pay period on or after July 1, 2025. This means if a company’s weekly pay period starts …Australia · AustraliaRead Article

EOFY tax tips: What sole traders in niche industries can really claim

In this piece, Karan Anand – Managing Director of sole trader tax platform Hnry – shares the most overlooked EOFY deductions for niche industries. With the end of the financial year looming, Australia’s 1.6 million sole traders are deep in receipt season, sorting invoices, tallying deductions and trying to make sense of what they can and can’t claim. And every year, the same pattern emerges: many sole traders are missing out on deductions that t…Australia · AustraliaRead Article

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