News Pulse for May 16, 2017

A daily download of SME, startup, fintech and tax news from around Australia.

‘Post without the office’: Sendle wins trademark dispute with Australia Post

AUSSIE parcel delivery start-up Sendle has slammed Australia Post for “wasting taxpayers’ money” in an attempt to stamp out competition after winning a two-year, David-and-Goliath trademark dispute with the government-owned letters business.

In May 2015 Australia Post took aim at Sendle, a door-to-door delivery provider that claims to offer rates 40 per cent cheaper than traditional post. The postal giant blocked the small company from registering its slogan , “Post without the office”, claiming it was “deceptively similar” to its own trademark.

Tax ‘will push firms overseas’

Michelle Melbourne — a 46-year-old Canberra-based entrepreneur — warns that small and medium-sized companies will be under pressure to move overseas if Bill ShortenHon Bill Shorten MP,  Federal Member for Maribyrnong Leader of the Opposition from 13.10.13 ­reverses tax cuts for businesses with an annual turnover of up to $50 million.

With Labor still committed to limiting tax relief to companies with up to $2m in revenue, Ms Melbourne is keen to retain her tax break and is pushing for more incentives allowing business to stay and invest in Australia.

Queensland considers changes to proposed Uber legislation

An unusually large number of suggested amendments to new Queensland legislation about ride-booking have been recommended before the bill is passed.

A state parliamentary committee says the Personalised Transport legislation should be accepted by MPs, but with 16 recommendations.

Legal start-up the first to receive state-based development funding

A legal tech start-up has become the first Australian company to receive a hefty funding boost from the Queensland government’s Business Development Fund.

Treasurer and Minister for Trade and Investment Curtis Pitt has announced that Lawcadia has become the recipient of a $500,000 funding boost as part of the state government’s Business Development Fund, an initiative that aims to attract venture capital to Queensland-based start-ups.

Future of small business tax cuts in question as SMEs lose faith in pollies

The future of the federal government’s small business tax cuts could be in doubt if Labor wins the next election, but business groups say SMEs don’t have a massive faith in either side of politics.

Last week Shadow Small Business Minister Senator Katy Gallagher said the 2017 federal budget was proof Malcolm TurnbullThe Hon. Malcolm Turnbull MP, Federal Member for Wentworth Prime Minister from 15.9.15 is happy to back the big end of town at the expense of tangible policies for SME owners, but over the weekend Shadow Treasurer Chris Bowen cast doubt on whether one popular small business policy would stay if Labor was elected to government.

When selling a small business, failing to prepare is the same as preparing to fail

If “location, location, location” is everything in real estate, then “preparation, preparation, preparation” is equally important when selling a small business.

There are many reasons why a small business owner might decide to sell, but preparation is the one common ingredient that can make the difference between a sale and a fail.

Three reasons this year’s federal budget is advantageous for small business owners

After the Federal Budget was announced on Tuesday, 9 May, small business owners will be trying to work out what matters most to them. Here are three main things we have been reviewing that may impact how small business do business – and it is mostly for the better.

Small business risks being left behind in Australia’s virtuous cyber security plans

It’s now a year since the launch of the Australian Cyber Security Strategy . Could progress be better? Of course. But the progress is good. Actually, it’s great.

The collaboration between government and the private sector has had a fresh wind touch its sails and the level of cyber security collaboration between many of Australia’s largest organisations is at an unprecedented level. The recent global wave of ransomware, variously termed WannaCry or WannaCrypt , was a live-fire exercise for testing the efficacCommunications Access Co-ordinatory of this collaboration.

Small business most vulnerable to cyber attacks

The global ransomware attack has exposed fears Australian small business is most vulnerable to online scams and hacking, with the Turnbull government and key lobby groups urging owners to beef up their cyber security.

While Australian businesses seemed to largely avoid the chaos, both the government and experts have warned small business lacks the resources and knowledge to ward off cyber crooks.

Tips, comments or suggestions? Let me know in the comments, send me an email or tweet me @simeonduncan.


Leave a reply

Your email address will not be published. Required fields are marked *