There’s a growing digital divide between small businesses and large enterprises, with smaller businesses gaining an advantage by their adoption of new technology, according to a new report.

 Accounting software company Xero is partnering with online payments provider Stripe to develop what they say are innovations that help small businesses get paid faster, in more ways, and gain more visibility over their business performance.

Xero has responded to the Federal Government's expansion of Single Touch Payroll reporting by introducing a payroll-only plan.