Following the recent Federal Budget, experts explained that for the South Australian economy the biggest gain was the $90 billion in defence programs for the state.
Another good thing though was the tax cuts for small business.
Also the treasury has confirmed that the small business retirement exemption will continue, so if you’re planning on selling your business, you can use it as part of retirement planning and contribute more to superannuation than the $500,000 lifetime after tax contribution cap.
Read more about what the budget means for small businesses at: http://www.adelaidenow.com.au/business/experts-urge-sa-small-business-to-invest-create-jobs/news-story/369087b4f59273e309136d136b9e47c7
If you’re a small business owner looking for funding, there’s good news, according to the Biz2Credit Small Business Lending Index.
According to the index, March 2016 saw the days of mass rejection of small business loans coming to an end, following the analysis of 1000 small businesses.
It was revealed that big banks approved 23 per cent of funding requests in March which is an increase from the previous month.
Institutional lenders also improved their approval rates from 62.7 per cent to 62.8 per cent in March.
No matter your niche there are a number of apps that would benefit your small business.
When asked by Smh.com.au to provide a list of the most popular free-to-download apps for Australian small businesses, Apple and Google provided this list. These apps are free but have in app purchases.
- Canva – the graphic design app
- Evernote – Allows you to remain organised
- Invoice2Go – Create invoices and quotes anywhere
- Genius Scan – Allows you to use your smartphone as a scanner in your pocket to scan receipts and documents on the go and export them to PF files.
- Deputy – A staff management app allows you to communicate with your team from your smartphone.
Find out the rest of the apps at: http://www.smh.com.au/small-business/smallbiz-tech/the-nine-best-free-apps-for-small-business-20160419-go9pta.html#ixzz46mFlSg1B