Apr 03

NSW Small Business Support Fund

Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced today by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope. The NSW Government will put $750 million... read more →
Apr 03
Apr 03
Apr 02

Understanding JobKeeper Payment

Your business may be eligible for the new JobKeeper Payment which was announced on 30 March 2020 to assist businesses to continue to pay their employees. We are waiting on legislation to support the measures so it is unclear at this stage how the mechanics of the JobKeeper payment system... read more →
Mar 24

Second Stimulus Package – Business Owners

With the country locking down it's borders, empty airports, cafes, bars, restaurants and more changes to come the Commonwealth Government has released the second stage of its plan to cushion the economic impact of the coronavirus. For small to medium sized businesses (SMEs), the key elements of the second stimulus... read more →
Mar 24
SMSF Strategies

Second Stimulus Package – Individuals

Details on the second stimulus package announced A summary for individuals The Commonwealth Government yesterday released the second stage of its plan to cushion the economic impact of the coronavirus. For households including casuals, sole-traders, retirees and those on income support, the key elements of the second stimulus package are: ... read more →
Mar 17

NSW Stimulus Package

NSW Treasury officials Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Health Brad Hazzard today announced a NSW stimulus package in response to the coronavirus crisis. In a nutshell, the package is aimed at three things - saving lives, creating jobs and supporting small business in NSW. The key... read more →
Mar 17
COVID-19 Tax Help

ATO supporting COVID-19 impacted businesses

The Australian Taxation Office (ATO) issued a special edition Business Bulletin yesterday, 16 March 2020, which contains information about how the ATO can support your business during the COVID-19 crisis. How the ATO can assist The ATO will implement a series of administrative measures to assist Australians experiencing financial difficulty... read more →
Mar 12

Government Announces $17.6 billion stimulus package

The Federal Government has announced a $17.6 billion economic stimulus package in a bid to keep Australians in jobs as the economy takes a hit from the spread of coronavirus. The stimulus package is projected to have a $22.9 billion impact to prevent Australia from slipping into a recession.  The... read more →
Mar 10

Dealing With Market Turbulence

The share market decline since the peak of 20 February 2020 has been fast and brutal. Immense fear has now engulfed the market just like it has engulfed society through the perceived necessity to stockpile toilet paper. COVID-19 is undoubtedly impacting world trade with borders being closed and the world's... read more →
Mar 09
Floods Australia Accounting

FBT exemption for emergency assistance

Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe benefits tax (FBT). It is worthwhile to know what kinds of benefits you as a business owner can provide for different emergencies that will be excluded from FBT. Exemptions will... read more →
Feb 28
Feb 27
Feb 18
Business advisors and accountants

Negotiating a business deal

The business deals you make or don’t make can drastically change the course of your company, so it is important that you enter negotiations well prepared. Research: Have a well thought out, flexible strategy and plan that you can use to negotiate effectively. Make sure you research thoroughly and have... read more →
Feb 11

SMSFs & Family Law Super Splitting

Introduction A superannuation interest is considered ‘property’ for the purposes of the Family Law Act 1975 (Cth) (‘FLA’). Thus, it may be split in a similar manner as the parties’ other assets in response to a relationship breakdown. Indeed, the superannuation splitting laws extend to all de facto relationships in all states... read more →
Jan 30

Protecting your super

Protecting your superannuation - Further changes to insurance in super is now law. Did you know that superannuation fund members under the age of 25 and members with balances below $6,000 risk losing their insurance cover unless they actively opt in to retain their cover? Background These recently enacted changes... read more →
Jan 21
insurance advisors Newcastle

Recovering from a business setback

Whether it's the terrible impact from the recent fires, the economy, personal issue or other setback, bouncing back from setbacks is a key skill for business owners as things don’t always go the way they are planned with unexpected situations arise from time to time. How a business owner deals... read more →
Jan 14

Sales Strategies For 2020

The New Year is a good time to reflect on the past year and focus on goals for performing better in the year ahead. In particular, it is a great opportunity to reflect on your business’ marketing plan and set forward new strategies to hit the ground running. Increasing sales... read more →
Jan 01

Planning for the new year – 2020

The end of year period is a busy time for everyone, not just at work but preparing for the holidays and the New Year. For retailers, a large portion of their yearly sales may come from this period and service businesses can be equally overwhelmed. For other industries, the year... read more →
Dec 17

Hiring Working Holiday Makers

As the holidays approach, so do the overseas workers wanting to experience an Australian summer. Australia employs approximately 100,000 working holiday makers each year. Any employer can hire working holiday makers provided they meet the requirements to do so. Employers must confirm the working holiday maker has a valid visa... read more →