Category: Small and medium enterprises

BC Businesses to Pay Additional $6.5B in Government-Imposed Costs Over Three Years: Report

May 26, 2023
CanadaCorporate Income Taxpayroll taxPersonal income taxSmall and medium enterprisesWorld
0 Comment

British Columbia businesses are expected to pay billions in additional costs imposed by the provincial government over a three-year period, a report finds. The report released by the Greater Vancouver Board of Trade (GVBOT) says it identified “significant” government-imposed costs that will chip away an additional $6.5 billion from the earnings of business owners between…

Read More

Cheques Make a Comeback as Small Businesses Look to Avoid High Credit Card Transaction Fees: Bank of Canada

January 7, 2023
Bank of CanadaCanadacredit cardFinance Minister Chrystia FreelandMasterCardSmall and medium enterprisessmall businessWorld
0 Comment

The paper cheque is gaining back its popularity among small businesses as they look to offer more payment options to avoid the high transaction fees that come with accepting credit cards, according to a study by the Bank of Canada. “Merchants mentioned accepting a wider range of payment methods because they need to make sales…

Read More

Data Shows Small and Medium-Sized Enterprises in China on the Decline

May 26, 2022
ChinaChina Business & Economydynamic zero-COVIDprivate businessesprivate sectorSmall and medium enterprises
0 Comment

Small and medium-sized businesses in China have suffered dearly under the country’s dynamic zero-COVID policy amid an economic downturn. Since February 2022, China’s Small and Medium Enterprise Development Index (SMEDI) has declined for three consecutive months. “Nearly all customer flow, logistical flow, and cash flow [for small and medium-sized private businesses] have stranded,” Mr. Ma,…

Read More