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Summary of Stimulus packages: COVID-19

  • On March 23, 2020
Over the past six months, Australians has faced devastating natural disasters including drought, fires, floods, and now, the outbreak of coronavirus (COVID-19). Governments, businesses and communities all around the world are facing unprecedented challenges. In the midst of these difficult times and to keep the cash flowing through the economy, the central Government has released […]
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The Stimulus Package: What you need to know

  • On March 18, 2020
The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four-part package focuses on business investment, sustaining employers and driving cash into the economy. An updated package was announced on 23rd march 2020 For Businesses: Business investment Increase […]

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Covid-19. Financial Support for Australian Businesses

  • On March 13, 2020
Whatever your business, it’s likely that Covid-19 will be impacting you. You may be dealing with stock shortages, exporting issues, disrupted travel plans or a sales downturn due to tourist drop off. As the situation changes and develops across the world, it’s important that businesses develop a workplace response to coronavirus. You’ll want to have […]
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How healthy is your working capital?

  • On March 2, 2020
We all know that cash is king when it comes to business success, but what exactly is ‘working capital’ and how does this financial metric help measure the health of your business? Working capital is made up of the cash and assets that are available in the business to fund your operations and keep you […]
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Competitor analysis – know who you’re up against

  • On February 25, 2020
Knowing who your competitors are is a key piece of business intelligence, helping you understand your market and the core threats and opportunities in your sector. Competitor analysis is the process of identifying, researching and gauging the threat posed by your competitors and is usually carried at prior to launching your business. But monitoring competitors […]
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Get in control of cashflow

  • On February 10, 2020
It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start to outstrip your income, that […]
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Eight Steps to An Effective Dunning Campaign

  • On February 8, 2020
If you sell to customers on credit, you are probably already using dunning letters. These are simple notes that tell a customer “Hey, you’re overdue. Can you please pay us?” You can send a dunning letter via email or as a paper letter. Sounds simple? Actually, no. To write an effective dunning letter requires great […]
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Introducing remote working?

  • On February 2, 2020
70% of professionals work remotely at least once a week, according to a study by serviced office provider IWG. Remote working has become more and more common as developments in technology have allowed us to communicate and collaborate no matter where we are. In fact, most of us are already logging on from home or […]
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Christmas Parties and Presents – and Tax!

  • On December 17, 2019
Christmas is a splendid time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get caught out by entertainment rules! Claiming entertainment and gifts as business expenses is not always straight-forward, as there are implications for GST, income tax and fringe benefits tax (FBT). Is it Entertainment? Entertainment […]
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Do you run your business from home?

  • On December 10, 2019
ATO has issued some new guidance to businesses claiming home office expenses for home-based businesses. What are Home-Based Businesses? A home-based business can be run at home like a boutique or from home like an electrician who visits the client’s site but does all the admin work from home and stores tools etc. Home Office Expenses Normally, if you […]