Connect with us
The Northern Rivers Times | NSW Northern Rivers News
NSW Northern Rivers Makets
The Northern Rivers Times | NSW Northern Rivers News
NSW Northern Rivers Makets
previous arrow
next arrow

Business News

Small Business Fees

Published

on

Small Business Fees

IF you are a sole trader, the owner of a small business or a not-for-profit organisation in NSW, you may be eligible for a Small Business Fees and Charges Rebate of $1500.

This rebate helps businesses recover from the impacts of COVID-19 and encourages growth by reducing the cost of running a business.

Eligible businesses and not-for-profits only need to apply for the rebate once but can submit multiple claims until the full value of $1500 is reached.

The rebate can only be used for eligible fees and charges due and paid from March 1, 2021.

The rebate will be available until June 30, 2022.

For more information, please visit Service NSW at www.service.nsw.gov.au.

Continue Reading

Business News

BUSINESS EVENTS TURBOCHARGED ACROSS NSW

Published

on

By

BUSINESS EVENTS TURBOCHARGED ACROSS NSW

BUSINESS EVENTS TURBOCHARGED ACROSS NSW

A total of 27 business events across NSW will receive grants of up to $30,000, helping to turbocharge local economies and create more jobs across the State.
Minister for Jobs, Investment, Tourism and Western Sydney Stuart Ayres said while it has been incredibly tough for the business events sector, now was the time to rebuild business confidence and kick-start momentum across the industry.
“From Ballina and Coffs Harbour to Bathurst, and the Murray, the events will be staged across various corners of regional NSW, hosting more than 35,000 delegates in our State,” Mr Ayres said.
“These grants will not only support event managers and venues, but it will have huge flow-on effects and will help to boost the entire supply chain, putting more dollars into the pockets of local businesspeople and creating jobs.”
Mr Ayres said the opening of the $500,000 NSW Regional Business Event Development Fund in February could not have come at a better time, as the return of more face-to-face events ramps up.
“There’s a strong appetite among NSW businesses to get back to hosting and attending face-to-face events. People have a strong desire to build business connections in-person, while still taking advantage of virtual events,” Mr Ayres said.
“I congratulate the business event recipients for their contributions to growing the NSW visitor economy, and we look forward to welcoming delegates to the fantastic destinations and venues across regional NSW.”
Managed by Destination NSW, the NSW Regional Business Event Development Fund offers matched dollar-for-dollar funding of grants up to $30,000, and is designed to assist stakeholders create and attract business events for regional NSW while also supporting new business event initiatives.

Continue Reading

Business News

Payment redirection scams cost Australian businesses $128 million in 2020

Published

on

By

Payment redirection scams cost Australian businesses $128 million in 2020

Payment redirection scams cost Australian businesses $128 million in 2020

Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the ACCC’s latest Targeting Scams report. Combined losses reported to Scamwatch, other government agencies, banks and payment platforms totalled $128 million in 2020.
Reports to Scamwatch show that Australian businesses lost $18 million to scams in 2020, a 260 per cent increase on losses reported in 2019.
“Small and micro businesses made most of the reports to Scamwatch and experienced an increase in losses in 2020, although larger businesses reported the highest losses,” ACCC Deputy Chair Mick Keogh said.
Based on Scamwatch data alone, false billing scams were the most commonly reported scam by businesses and accounted for three quarters of total losses to businesses. Small and micro businesses accounted for almost 60 per cent of these false billing reports.
There are a range of false billing scams, but the most common type was payment redirection scams, also known as business email compromise (BEC) scams, with 1,300 reports and $14 million in losses. This is a substantial increase from the 900 reports and $5 million in losses reported in 2019.
In a payment redirection scam, scammers impersonate a business or its employees via email and request an upcoming payment be redirected to a fraudulent account.
Scamwatch also observed a new type of scam in 2020 that targeted farmers looking for a good deal on tractors and farm machinery. Scammers advertised equipment at prices well below market value, and told farmers that they couldn’t view the tractors prior to purchase due to government restrictions from the pandemic. Farmers made payments to secure these special deals, when in reality the equipment never existed. Farmers were conned out of $1.1 million in these scams.
“One thing we know about scammers is that they will take advantage of a crisis,” Mr Keogh said.
Businesses were also targeted by health and medical scams in 2020. About half of the $3.9 million in total losses reported to health and medical scams were from businesses, as they attempted to procure personal protective equipment for their staff to comply with government guidelines during the pandemic.
Other scam types that impacted businesses throughout the year included phishing, identity theft and hacking scams.
“It is so important for businesses to stay informed about scams so they can protect themselves,” Mr Keogh said.
“The ACCC provides a range of resources for businesses on how to avoid scams on the Scamwatch website and in our media releases throughout the year.”
Businesses that have been scammed should contact their bank as soon as possible. If the scam occurred on a platform such as Facebook, contact them directly to report it.
Businesses can also report a scam to ReportCyber, which is run by the Australian Cyber Security Centre and passes reports to law enforcement agencies for assessment and intelligence purposes.
The Small Business Information Network also provides details about new or updated resources, enforcement action, changes to Australia’s competition and consumer laws, events, surveys and scams relevant to the small business sector.

Continue Reading

Business News

The Northern Rivers Times Edition 49

Published

on

By

The Northern Rivers Times Edition 49_Page_01
The Northern Rivers Times Edition 49

The Northern Rivers Times Edition 49

The Northern Rivers Times Edition 49 is out today as usual it is available from all Newsagents, leading Service Stations, General Stores and Woolworths Supermarkets from Coffs Harbour to Southport and as far west as Tenterfield, every town in the northern rivers. A very full 80 pages to read on these rainy and cold days ahead with over 32 pages of local news, 4 page lift out TV Guide, 2 pages of puzzles, 7-8 pages of local sports, 7 page of Rural news, 4 pages of Local Entertainment, trades and professional services, funerals, community news and events and a special 7 Pages on Lismore’s the Star Court Theatre 100 year Anniversary. This is a brilliant edition and all of our readers will absolutely love it from page 1 to page 80. Only $2. But HURRY as last weeks edition 48 sold out all copies within 3 days.

Continue Reading

Latest News

Subscribe for our newsletter!

error: Content is © Copyright protected !!