Category: Business

Covid-19 – Concessions by State governments and Banks

  • On March 24, 2020
This article covers the various concessions and grants initiated by the state governments and some banks in response to the outbreak of Covid-19. Victoria Payroll tax waived: Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived. Eligible businesses must continue to lodge returns but do […]

Stimulus Package: What You Need To Know

  • 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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Understanding Your Cash flow Statement

  • On December 7, 2019
The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time period. For each of the reporting categories, receipts and payments are listed (money in and money out), and this is reported as a net increase or decrease […]