The outbreak of the Covid-19 virus is having a huge effect on employers. The Fair Work Ombudsman has provided guidance about workplace entitlements and obligations. Talk to us about how to moderate the stress on your business
Eight C’s To Help Your Business During COVID-19
The information overload is real. The ramifications of Covid-19 on businesses are being felt and speculated upon every minute of each day – probably leaving you feeling like a rabbit caught in the headlights. Here’s eight simple words also beginning with C to help clarify your vision. 1. Cash. It’s the oxygen for your business, […]
Preserving Your Business Through Lockdown
After the shock of going into lockdown and either temporally closing or moving business operations to working from home, it’s time to consider your business’s next steps. How you support your customers and suppliers now will impact how you work together in future. We’re all in this together and now is a time for empathy, […]
How Much Do You Know About Gift Tax in Australia?
Is there such a thing as gift tax? Which gifts are taxable and which aren’t? How can I identify the taxable and non-taxable gifts? These are the most frequently asked questions when it comes to gift tax. Before we get any further, here’s the key element about gift tax: There is no gift tax in […]
JobKeeper Unpacked
JOBKEEPER – TIME TO ACT So you want to understand the Jobkeeper. In this blog we provide a detailed JobKeeper unpacked. The JobKeeper scheme is now law. The Government has released rules governing JobKeeper; we expect further information and explanation from the ATO over the next few weeks. Immediate action is required. An enrolment form […]
Australia’s Coronavirus SME Guarantee Scheme
As part of the government’s economic response to the Coronavirus, the Coronavirus SME Guarantee Scheme provides support for small businesses to access credit. The $40 billion scheme is backed by the government, who cover 50% of the risk, with the remaining 50% covered by the lender for new unsecured loans to be used for working […]
Claiming Deductions For Working From Home To Be Made Easier
The ATO are announcing a ‘working from home shortcut’ measure for people to claim running expenses, now they are working from home due to Covid-19 restrictions. The new measure will allow people to claim a set rate of 80 cents per hour working at home. This provides a more straightforward system for people, without the […]
How To Keep Your Business Running During An Emergency
‘Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. In essence, it’s your Plan B for how to set up a means of trading, when you don’t have access to your usual offices, workspaces or equipment. Right now businesses are having to put ‘Plan B’ into […]
The Value Of Cashflow Forecasting During A Crisis
During the ongoing coronavirus crisis, many sectors are seeing income either disappear completely or drop to dangerous levels. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard […]
