Pulse Alert – News Pulse for May 3, 2019

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

Unregulated Airbnb threatens to derail stable Margaret River growth, inquiry hears

Accommodation providers in Western Australia

Margaret River, known for its vineyards and surf, is one of the state’s premier tourism destinations.

Bleeding jobs, think small

ANZ has moved to the front of the race that’s set to bring about the biggest white-collar job loss revolution in our history. All previous mass reductions of white collar staff have been related to the health of the economy. But this one is caused by technology, so it is permanent.

Spurred on by the fallout from the royal commission, the banks are going to lead Australia in massive job shedding among large enterprises .

Admin major barrier to small business success

The engine room of the economy may be at risk of stalling, as new research reveals the weight of administration and red tape is costing small businesses an average of 541 hours in time, and $14,857 in money each year.

This is a total annual cost of more than $20.16 billion per year for Australian small businesses.

Small businesses could determine election result

Small business owners make up a sizeable proportion of voters in Australia’s most marginal seats, including one where more than one in four voters own a business, meaning they could ultimately determine the result of the federal election.

Figures published on Thursday (2 May 2019) by the Council of Small Business Organisations of Australia (COSBOA Council of Small Business Australia) looked at the 20 most marginal federal electorates across Australia, and tabulated the percentage of small business owners within these seats.

Small business remain strongly confident despite media speculation due to economic concerns

Small business confidence remains high, despite media rumblings around economic concerns, according to a new report released at the end of April.

SMEs continue to plan for growth in the coming 12 months, and confidence in the sector remains strong, a trend which has remained steady for the past two years, according to the latest ‘Canary in the Coal Mine’ report from Prushka Fast Debt Recovery.

Thousands of taxi and private drivers sue Uber in major class action

More than 6,000 taxi and car-hire drivers, operators and licence owners across four states are taking on ridesharing giant Uber, as part of a major class action.

The case will be filed in the Victorian Supreme Court this morning.

ATO should stop preying on small businesses

Liberal Democrats Senator Duncan Spender has slammed the Australian Tax Office for its mistreatment of small businesses, as exposed by the Australian Small Business and Family Enterprise Ombudsman.

“Unfortunately the Ombudsman has confirmed what I already suspected: that the taxman is enforcing its debt recovery actions on small businesses, despite appeals processes still taking place,” he said.

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

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