This week proved to be a more positive week for small businesses. Small business tax cuts passed the first hurdle, a tech company completed a $4m raise and Adina Jacobs provided her insight on mentorship and challenges.
Dynamic Business has picked the best news snippets of the week for you!
Small business tax cuts pass first hurdle
Fast-tracked company tax cuts for small and medium-sized businesses have passed the lower house, bringing the plan closer to reality. Draft laws enacting the Morrison government’s proposed tax relief measures are set for the Senate after clearing the House of Representatives on Tuesday.
Companies with turnover under $50 million will receive a tax rate of 25 per cent five years earlier than initially planned under the proposal.
Tech company Ed App completed $4m raise
Ed App, a mobile-first technology company that facilitates more than 35,000 micro lessons daily, has announced it has raised $4 million from workplace solutions tech company, SafetyCulture. Ed App is best known for its on-demand microlearning platform which offers companies across all industries a more effective way to onboard, motivate, and train employees.
CEO and founder, Darren Winterford said technology has changed the way people consume content and that traditional methods of training and onboarding employees were no longer effective.
Adina Jacobs on mentorship, challenges
Adina Jacobs is an impressive woman. She is the Co-founder and Director of Product for STM Brands, a global company designing, developing, and producing lifestyle accessories for personal tech devices.
“I love the fact that I’m now at the point where people ask me for my story and advice, which is inspiring in itself. It’s often through looking at other people’s businesses that I’m able to think a little more clearly, and then apply that back into STM.”
Have a great weekend and we will be back Monday with the top headlines in SMB news.