Business News Update – 21 October 2020

Welcome back to this Weeks Business News update.  We hope you and your family are safe and doing well. Lately, economists have been talking about a “K-shaped” recovery from the current recession. As this article in The Conversation explains, this kind of recovery happens when different parts of the economy recover at different rates. White-collar workers who can more easily work remotely may have an easier and faster path to…  Read more

Business News Update – 15 October 2020

Welcome to another edition of  Weekly News.  We hope you and your family are safe and doing well.  Here are some of our highlights for week that has been to keep you informed.  Grab a cuppa and enjoy our news. Federal Budget 2020 Rundown The Federal Budget was released earlier this week. Here’s a quick rundown of the key points: This budget is based on economic assumptions including that there…  Read more

5 Marketing Tips To Help Drive Business During COVID-19

As a result of the pandemic we hear many of our client stories of hardship and the strain this difficult time has had on their business.  Although you may find your business slowing down and sales harder to achieve do not give up!  Here is what some of our clients have done to pivot their business in order to stay in business. Establishing and maintaining connections with existing and potential…  Read more

Government Overhauls Bankruptcy Laws: What Does This Mean For Your Business?

Many businesses have found it so difficult to keep trading to stay afloat.  The COVID-19 crisis has caused such disruption.  The government is trying is throwing a lifeline to small businesses, by overhauling the bankruptcy laws in hope to saving jobs and trying to support those businesses on the verge of collapse. So, What Is Changing? From the current ‘creditor-in-possession’ regime, Australia’s insolvency laws shifted to a ‘debtor-in-possession system’. Entities…  Read more

Supporting Apprentices and Trainees Wage Subsidy Extended

The Australian Government has extended and expanded the Supporting Apprentices and Trainees wage subsidy, to include medium-sized businesses who had an eligible apprentice in place on 1 July 2020. This may be of particular interest to employers who are not eligible for the JobKeeper extension. What is the Supporting Apprentices and Trainees wage subsidy? The Supporting Apprentices and Trainees wage subsidy is part of the Australian Government’s COVID-19 Economic Response.…  Read more

Do you have a COVID-19 Financial Plan?

Many countries in recession, unemployment rates rising, multiple economic indicators at their all-time lows, increased market volatility– these are just some of the economic impacts we’re seeing as a result of the pandemic. As we continue to battle the COVID-19 crisis, it is important for everyone, especially those who have had their income stream affected, to keep their finances in check and proactively find ways to navigate their way to…  Read more

Business News Update – 30 September 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. $800m Digital Business Plan to Drive Economic Recovery The Australian Government has announced a Digital Business plan to enable businesses to take advantage of digital technologies to grow their businesses and create jobs in the wake of COVID-19. PM Scott Morrison and Treasurer Josh Frydenberg announced the…  Read more

JobKeeper and JobSeeker Changes Effective 28 September: What You Need To Know

The Australian Government announced that JobKeeper and JobSeeker payments will be extended, with changes starting on 28 September 2020. Below is a rundown of the changes to expect on these support schemes. Changes to JobKeeper The JobKeeper scheme will continue until 28 March 2021. The extension of the scheme will operate in two separate periods: Extension 1: 28 September 2020 to 3 January 2021 Extension 2: 4 January 2021 to…  Read more

3 Tips to help You Raise Your Credit Score

Throughout your business life, you’ll likely need to borrow capital. This is why it’s important to build and maintain a solid credit score now – so when the time comes to apply for financing you’ll be able to prove to a lender you’re a good risk. Here are 3 easy steps you can take today to raise your credit score. 1. Understand your numbers A quick online search can help…  Read more

Business News Update – 23 September 2020

Welcome back to our Weekly News Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Queensland Border Zone Extensions from October 1st Queensland’s border zone will be extended to 5 local government areas in NSW starting October 1st. These areas include: Byron, Ballina, Lismore, Richmond Valley and Glen Innes councils. South Australia-NSW Borders to Open at Midnight South Australia will reopen…  Read more

Business News Update – 16 September 2020

Welcome back to our Weekly COVID-19 news update.  We hope you and your family are safe and doing well.  Read on for this week’s update. Melbourne’s Roadmap to ‘COVID Normal’ A staged plan to ease Melbourne out of tight COVID-19 restrictions has been released. Stage 4 restrictions will remain in place for another two weeks with some minor changes, and will start to ease further from 28 September. The final…  Read more

How to develop good business habits

If you’re like most small business owners, there’s never enough hours in a day to complete all the tasks on your to do list. Often you’re faced with prioritising what you need to do right now – deal with customer queries, meet a deadline, attend an event – and the things you know you should be doing for the ongoing growth of your business. Scheduling time to attend to these…  Read more

Victorian Government Releases 3rd Round of Business Support Packages

Premier Daniel Andrews announced on Sunday 13th September 2020 a third round of the business support fund to provide financial support to businesses impacted by restrictions in Victoria. The $3 billion business support package is the largest in Victoria’s history taking the Government’s total business support to over $6 billion to help keep Victorians in Jobs and to help businesses to survive during this difficult time. The package is to…  Read more

4 Tips to Help Grow Your Family Business

Many family business owners have the same goal in mind – to grow their business and to pass it on to the next generation. Although keeping the business in the family can be a fun and rewarding experience, running and growing a family-owned business comes with its challenges.  Conflicting views on business and family matters such as succession of power, rivalry, favouritism, and disposition of assets often can lead to…  Read more

Weekly Business Update – 9 September 2020

Welcome back to another weekly update. We hope you and your family are safe and coping well.  Here is this week’s update. Australia To Extend Bankruptcy Protection Rules Until End of 2020 Australia will extend its temporary insolvency and bankruptcy protection rules until the end of this year, providing businesses a lifeline to recover from the impacts of COVID-19. The rules, which were first introduced in March and originally due…  Read more

This Weeks Business Update – 3 September 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. COVID-19 Cases Finally Dropped in Victoria to Seven-Week Low Victoria, the epicentre of Australia’s second wave of COVID-19 infections, has reported a significant drop in the number of new cases, reaching a near two-month low. This is good news as the total lockdown in Melbourne is set…  Read more

Has your business slowed down? Here are 5 tips to help you attract more leads

Finding your business through searches is no easy feast.  It is rare for people to find your business and become a client or customer without you letting them know you are here.  Your business has to grab people’s attention, turn visitors into leads and then convert those leads into sales. By attracting solid leads you have a greater chances of converting them to sales.  Solid leads are those contacts who…  Read more

4 Tips to Help Guide Your Businesses Through Uncertain Times

This pandemic has caught most of us off guard.  No one would have ever thought the world would spend the year battling a virus? This unprecedented global crisis is a reminder that these business threats are very real and act as a wake-up call for businesses leaders.  Even if the scenario may seem far-fetched, it pays to prepare for the worst. When a pandemic hits, businesses play a crucial role…  Read more

JobKeeper Extension Bill Introduced in Parliament

The JobKeeper Payments Amendment Bill was introduced in the House of Representatives on Wednesday 26th August. We appreciate your patience as we process these changes This Bill introduces the extension of the JobKeeper scheme that was announced last month. The proposed rate changes will see the current $1500 per fortnight payment drop to $1200 for full time workers. and $750 for those working less than 20 hours per week from…  Read more

This Weeks Business Update – 26 August 2020

Welcome back to our Weekly News Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Daniel Andrew’s plan to extend State of Emergency to 18 months Victorian Premier Daniel Andrews has asked Parliament to give his government the power to extend the State of Emergency powers for a further 12 months making it a total of 18 months.  The state of…  Read more