Business News Update – 14th April 2022

Welcome to this weeks edition of the Business News Update, read on for the latest updates in regard to Regulations, Business News and Covid Support, hopefully providing information to help you to successfully move forward. Mask Mandate to be Dropped in South Australia South Australians will be spared from wearing masks in most public indoor spaces from Good Friday, but will still be required to wear them in high-risk settings…  Read more

Business News Update – 24 February 2022

Welcome back to our Business News Update for this week, providing for you the latest Support & Business News PLUS some ideas to help us all move forward. Australia Welcomes Back International Tourists After almost two years, vaccinated international tourists and business travellers began arriving in Australia with few restrictions. Prime Minister Scott Morrison said 1.2 million people had visas to enter Australia with 56 international flights due to touch…  Read more

Business News Update – 17 February 2022

Welcome back to our Business News Update for this week, providing for you the latest Support & Business News PLUS some ideas to help us all move forward. Booster Shots Now Required To Be Fully Vaccinated Australians will need to receive booster shots to be considered fully vaccinated against COVID-19, although authorities said foreign travellers will continue to need only two shots to enter the country. If you haven’t received…  Read more

Business News Update – 3 February 2022

Welcome back to our Business News Update for this week, providing for you the latest Support & Business News PLUS some ideas to help us all move forward. NSW Unveils $1 Billion Support Package for Businesses The New South Wales government has unveiled a $1 billion support package for small- and medium-sized businesses hit by the Omicron outbreak. However, the payment will be capped at half of what was offered…  Read more

EOFY 2021 Is Fast Approaching – Are You Prepared?

It’s almost that time again – EOFY! With 30th of June fast approaching, are you prepared yet again for end of financial year? This year particularly is going to be quite different with the COVID-19 stimulus packages the Australian government has released. There is more to take into consideration when preparing your financials. Stimulus Payments Don’t forget the COVID-19 government stimulus packages for business like JobKeeper will form part of…  Read more

Here’s what the Federal Budget 2020 may mean for you

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

[WEBINAR] JobKeeper 2.0, Grants and Tax Breaks for Business

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

Questions to ask yourself as your business tries to recover from the impact of COVID-19

As small business owners look to operations after COVID-19, there are some important business questions to ask yourself.  This will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you can make to keep your company operational through future economic downturns. It’s not always fun to do this sort of examination, but the answers to these questions will…  Read more

Additional support for Victorian businesses

As you would have heard, the Victorian Government has announced updated restrictions for Melbourne and regional Victoria to help slow the spread of COVID-19.  Stage 4 restrictions were placed from 6pm on Sunday 2 August for metropolitan Melbourne. Stage 3 restrictions are in place from 11:59pm on Wednesday 5 August for Regional Victoria, including Mitchell Shire. These restrictions mean that many businesses will have to close or limit their operations.…  Read more

Are you sure you are eligible for the government stimulus packages?

Our role as advisors is to support small businesses, but we cannot compromise our standards along the way, particularly as the effects of COVID-19 continue to rage on for our clients. The Tax Practitioners Board (TPB) together with the ATO recently released a statement as a reminder of the ethical responsibilities of accountants and bookkeepers. The core of their message was that the ATO will not look favourably on businesses…  Read more

JobKeeper plus COVID-19 Update

The COVID-19 pandemic is impacting nearly every aspect of our lives and will be remembered as a pivotal time in history. Like any other event that impacts the world, we don’t know what the future will be like, but we do know that the other side of this will require resilience and creativity from all of us. In the spirit of resilience, we have put together some useful resources to…  Read more

COVID-19 updates for the week

Here we are another week down! We hope everyone enjoyed their Easter break and is feeling a little fresher. Many of us are adjusting to a new normal – staying home as much as possible, whilst finding our groove working remotely, if that’s an option. The government is putting together financial resources to support small business, and many other businesses are doing what they can to help business owners keep…  Read more

What are the Trends in Business? The New Paradigm?

In the last two months, the world has changed. And with it, business has also changed in ways that are likely to be with us permanently. It is time to think about what the future is likely to bring to start preparing our businesses for the new reality. With bricks and mortar business being impacted by forced closures and social distancing, there has been a rapid move towards remote systems…  Read more

COVID-19 updates just keep coming so here’s what else you should know

10th April 2020 Rental waivers and deferrals for commercial tenants Prime Minister Scott Morrison announced some new measures for landlords and tenants on Tuesday 7th April. The new mandatory code will apply to tenancies where the tenant or landlord is eligible for the JobKeeper program, which means those that are in financial distress. This code was described to include “good-faith principles” where landlords must not terminate the lease or draw…  Read more

JobKeeper legislation has now passed through Parliament – so what does this mean for eligible Australian businesses?

The JobKeeper legislation was passed by the Federal Government yesterday with some additional amendments especially around the Fair Work Act allowing employers increased power to vary employment terms in order to assist them to stay in business and to maintain their workforce. So, what does this mean for Australian businesses, employers and employees? Up to 6 million Australians are about to start receiving $1500 per fortnight wage subsidy as part…  Read more

Make the right business decisions – using cashflow forecasts

With the COVID-19 virus, business is facing unprecedented impacts on their trading. Many businesses are having to cope with change and needing to make fast, informed decisions about what they need to do to stay afloat. And the key to staying afloat is having sufficient cash or access to cash when it is needed. There is no point finding out that you are in difficulties after the fact – you…  Read more

‘Job Keeper’ $1500 fortnightly payment makes up Government’s 3rd stimulus package

We seem to not be able to catch a breath from all the chaos of COVID-19, we have just got word of the 3rd stimulus package from the Australian Government. This package focuses on the ‘Job Keeper’ payment, aimed at helping businesses keep their staff, which will be a lifeline for many people over the coming months. Mr Morrison said the latest package, which comes on the back of two…  Read more

COVID-19 Update – Government considers economic ‘hibernation’ for businesses by providing rent, mortgage and energy relief as part of a third stimulus.

Businesses and as well as ordinary Australians have some further relief coming their way once the third stimulus package is announced any day now. Scott Morrison spoke yesterday saying that “what we will be announcing will be to seek to hibernate Australian businesses.” He will be unveiling his third stimulus package and day. The Prime Minister claims that our government’s intentions are to preserve “as much of the economy as…  Read more

COVID-19 Grants, Tax Breaks and Assistance Packages – Webinar Recording with Neto

It was a pleasure to be invited by NETO CEO Ryan Murtagh to participate in a joint free webinar to discuss how Australia’s changing landscape is impacting small business owners and what options are available by the Australia Government to help through the crisis. We covered various topics including what grants, tax breaks and assistance packages are available to Small Business owners during the Coronavirus crisis. We talked about the…  Read more

2nd Stimulus Package announced

The Australian Government has announced a second stimulus package as we continue to fight COVID-19. The $66 billion dollar coronavirus stimulus provides relief for small businesses, casuals and welfare recipients.  This combined stimulus of $189 billion dollars will hopefully reduce some of the impact Coronavirus is having on our community. Following the government’s first stimulus package less than 2 weeks ago, Treasurer Josh Frydenberg said “we now expect the economic…  Read more