Australia/New Zealand Small Business News Round-up – 21/05/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from Australia and New Zealand:

  • Dismay at funding cuts: SMALL business owners have borne the brunt of Prime Minister Kevin Rudd’s inflation-warring razor gang, industry advocates believe.
  • Xero happy with first-year results: Xero founder Rod Drury is totting up the early numbers from his start-up accounting software firm, saying they are small but better than expected at the end of its first year. The company had expected to have 1300 small businesses…
  • Innovation grants slashed to save $707m: Budget 08: Commercial Ready, a SME grants program that subsidised innovation and commercialisation, was scrapped in this week’s federal Budget — a move that will save AU$707 million over four years.
  • Sick ?Tell the lie detector: BUSINESSES are turning to new lie detector technology to check if their employees are ill or pulling a sickie when they ring in.
  • Budget 08: Business face new budget burden with tax changes: To offset spending, the Government has introduced changes to Fringe Benefits Tax claims and software depreciation for purchases made after 13 May 2008.
  • Do kids have a place in small business: Many people choose to become small business entrepreneurs for lifestyle reasons. They want to create a business that can be designed around being able to take the kids to school or spend more time with the family. And that’s one of the great things about being your own boss – you can do what you want. If you want to bring the kids to work, great. But is it really?

As always this list is not exhaustive, but I hope it will give you a little overview. — ST. 

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