Welcome back to our Weekly Business News. We hope you and your family are safe and well. Here are this week’s updates and some tips and recommendations that may help us overcome this period of uncertainty. 12 Days with no new COVID-19 cases since February! Great news this week for Victoria who recorded 12 days with no new COVID-19 cases, and the rest of the country as Australia recorded its… Read more
Welcome back to our Weekly News. We hope everyone is safe and doing well. Here are some of this week’s highlights as well as some ideas that will help most of us overcome this crisis. Victoria Reports No COVID-19 Cases For Fifth Day Straight Victoria, Australia’s coronavirus hotspot, reported zero COVID-19 cases for the fifth straight day as states started easing regional border restrictions. This increases the prospects for a… Read more
When customers make a buying decision, they’re not just considering the quality and price of your products or services, they’re also evaluating the ease and convenience of the whole buying process. As a business owner, you should offer different payment options to provide the best customer experience and to ensure you receive timely payments Here are four ways your small business can accept payments in 2020: 1. Credit and debit… Read more
Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow: 1. Evaluate your current company assets. Take a look at your assets, both fixed and human. Could you make slight pivots to create a new form of income? For instance, if you run a coffee… Read more
Welcome back to our Weekly Business News Update. Finally some reprieve for Victorians so we hope you and your family are keeping safe and well. We have lots of updated information in this week post as well as ideas that may help us through the crisis. JobKeeper Key Date: 31 October 2020 For the JobKeeper fortnights starting 28 September and 12 October only, the ATO is allowing employers until 31… Read more
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
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
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
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
The Federal Budget was released yesterday 6th October 2020 so here is a recap of the key points as we see them. Key Points: This budget is based on economic assumptions including that there will be a COVID-19 vaccine rolled out by the end of 2021. Tax cuts for workers – more money in pockets for more Australians. JobMaker Hiring Credit scheme – businesses supported for hiring employees aged 16-35… Read more
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
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
As you know the JobKeeper program has changed as of 28th September and this next stage brings with it many changes. Join us for a free webinar next week to find out what you need to know about JobKeeper 2.0 rules, Business Support Packages, Tax Breaks and relief for businesses across Australia. Date and time: Tuesday October 6th at 11am AEDT REGISTER NOW Get in touch If you have any… Read more
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
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
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
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
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
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
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