AGP Executive Report
Last update: 7 hours agoIndependent-Contractor Rules in NJ: A Trenton debate is heating up as New Jersey’s new independent-contractor regulations near their Oct. 1 start date, with critics warning the “ABC test” could raise costs and make it harder for parents, caregivers, retirees, military spouses, and entrepreneurs to earn a living. SME Credit & Defaults: New data points to pressure in small-business finance: Equifax reports 36,900 active ATO tax defaults nationwide (up 22.6% YoY), with construction defaults rising 25% and SME construction asset finance down 23.5%. Working-Capital Shift: Commercial lending demand is changing—brokers are seeing more focus on liquidity and working capital, not growth financing, pushing borrowers toward non-bank lenders. Energy Costs Hit Main Street: Gas prices and diesel-driven delivery costs are squeezing small businesses, while a Victoria gas-lobby “scare campaign” claims a new ban on gas hookups would spike bills—sparking backlash over the lack of proof. SME Supply-Chain Scaling (Global): Indonesia’s ministry is backing medium firms as “anchors” to connect micro and small businesses to supply chains and financing. Tech for Small Ops: QuickBooks Free upgrade signals are highlighted for growing firms hitting limits on invoices, receipts, and contractor management.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
