Pulse Alert – News Pulse for April 18, 2019

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

Our plan for lower energy costs for small businesses

Small businesses are the beating heart of Australia’s economy. When small businesses are healthy, all Australians are better off. It means more jobs, more choice, better living standards and more vibrant and connected communities.

Australia’s 3.4 million small, medium and family businesses employ over 7 million workers.

SME lender officially launches equipment finance loan

OnDeck has officially launched its new equipment finance loan for small businesses, as it urges brokers to help small businesses gain access to finance.

The fintech lender first began rolling out its chattel mortgage for equipment finance in October last year, however the lender’s global CEO Noah Breslow officially launched the product at an event in Sydney on Wednesday evening (17 April).

Federal Election is no Easter treat for Australia’s small business community

Australia’s small to medium enterprises (SMEs) are bracing for a double whammy of disruption from the back-to-back Easter/Anzac Day public holidays coupled with a Federal election.

irms that Anzac Day’s proximity to Easter combined with the upcoming Federal election will negatively impact many SMEs.

Australian small business confidence at lowest level since 2011, says CPAs

Australian small businesses experienced slow growth in 2018 and their business confidence in 2019 is at its lowest point since 2011 – lower than small businesses in Indonesia, Vietnam and the Philippines, according to new survey data from CPA Australia.

The findings from CPA Australia’s 10th annual Asia-Pacific Small Business Survey follow extensive surveying of more than 3,600 small business operators in ten markets, including Australia, Hong Kong, Mainland China, Singapore, Malaysia and Vietnam. The survey is a measure of business confidence, hiring intentions, innovation and adoption of technology and social media usage.

MYOB investors tick KKR bid

MYOB is inching closer to starting life under the care of private equity heavyweight Kohlberg Kravis Roberts & Co, with the suitor’s $1.6 billion bid winning the support of the cloud accountancy software provider’s shareholders.

According to MYOB, 74 per cent of shareholders, representing 82.6 per cent of the vote cast, backed KKR’s offer.

Shareholders give MYOB takeover the green light

Small business accounting firm MYOB looks set to pass into private equity ownership after shareholders gave a green light to a $1.6 billion takeover offer from KKR on Wednesday afternoon.

Seventy-three per cent of eligible shareholders voted on whether to sell their shares for $3.40 each, with 82 per cent of votes cast in favour and 17 per cent against.

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