AGP Executive Report
Last update: 2 hours agoPayroll Compliance: BrightHR’s new Xero Payroll integration aims to cut manual timesheet errors and help SMEs manage complex award rates and wage compliance. Cash Flow: Small transport firms are facing growing strain as money goes out before customer payments arrive, while a survey finds just 30% of businesses with 1–19 employees plan to hire in the next year. Card Fees: The surcharge ban is pushing some cafes to raise prices or seek other payment methods; the ATO says it will still stop accepting credit cards for tax payments from the end of November, despite business groups’ calls to reverse the move. Tax Burden: Compliance costs small and medium businesses an estimated $31 billion a year. CPA Australia is urging a 10% reduction by 2030, including simpler reporting and updated thresholds. Disaster Recovery: Research finds affected communities had nearly 10% fewer small businesses than expected two years after major disasters, with the losses threatening local jobs and growth.
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