Business Update – 7 June 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Be ready – recession or not Businesses should be prepared for a recession, even if one is not imminent. Planning ahead and having a strategy in place can help businesses survive and even thrive during a recession. This includes having a cash reserve, reducing costs, and diversifying income streams.…  Read more

Business Update – 10 May 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia to deliver first budget surplus in 15 years Australia is set to deliver its first budget surplus in 15 years, with a small surplus of around A$4 billion for the fiscal year ending June and deficit estimates for subsequent years also decreased. Australia to ban public vaping in…  Read more

Business Update – 15 March 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australian markets take a hit after multiple US banks collapse Australian markets experienced a sharp decline on Tuesday after multiple banks collapsed in the United States. The ASX200 opened down 1.6% and fell a further 2%, wiping out all gains made this calendar year, with financials bearing the brunt.…  Read more

Business Update – 8 March 2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Inflation is still a concern as the economy slowly recovers Australia’s economy has recovered better than most from the COVID pandemic and is now 7% larger than before. But experts say that ongoing inflation is a continuing concern for everyday affordability. Mental health is a major concern as the…  Read more

Business Update – 16 March 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Entry Ban for Cruise Ships to Be Lifted After two years, the government announced that it would lift its entry ban for international cruise ships next month. This could potentially boost a tourism industry impacted by COVID-19 restrictions. New Zealand Opens Borders to Australians Fully vaccinated Australians will be…  Read more

Business Update – 2 February 2022

Welcome back to our Weekly Digest. Read on for the latest updates and 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 during the Delta wave in 2021, after…  Read more

Webinars to Help You Become More Efficient with Tax and Super

Webinars to Help You Become More Efficient with Tax and Super The ATO will be offering two webinars this January and February to help you streamline processes and manage your tax and super online. Connecting online with the ATO: sole traders. You can register here. Connecting online with the ATO: businesses. You can register here. These sessions will teach you the ins and outs of GST, pay as you go…  Read more

Business Update – 25 January 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. WA Cancels Plan to Reopen Borders on 5 February All states and territories, except Western Australia, have reopened their internal borders despite a record surge in cases. Last Thursday, WA Premier Mark McGowan made a shock announcement that the reopening of borders, which was originally set on 5 February,…  Read more

Business Support Update – 25 January 2022

Support for Small Businesses If your business is struggling, the ATO offers a wide range of support for those affected by the pandemic, natural disasters, mental health issues, or financial difficulties. Learn more about the available support, and the small business debt helpline for free, independent advice. Update Your ABN Details Make your ABN details even more detailed by adding up to 4 additional business activities on top of the…  Read more

Business Update – 19 January 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Should You Mix or Match Your Booster Dose? In Australia, Pfizer and Moderna COVID-19 vaccines are recommended as booster shots, regardless of which vaccine you had for your first two doses. Some research has indicated that “mixing and matching” vaccines could give your immune system a bigger boost. Eligibility…  Read more

Pandemic Leave Disaster Payment changes

Pandemic Leave Disaster Payment People who are forced out of work to isolate due to being infected or being a close contact are eligible for the Pandemic Leave Disaster Payment. You are also eligible if you are caring for a child under 16 years old who is a close contact or infected, or someone with a disability or a severe medical condition who is a close contact of someone with…  Read more

Business Update – 12 January 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Pandemic Leave Disaster Payment People who are forced out of work to isolate due to being infected or being a close contact are eligible for the Pandemic Leave Disaster Payment. You are also eligible if you are caring for a child under 16 years old who is a close…  Read more

5 Ways to Beat Inflation

5 Ways to Beat Inflation Business owners will encounter a lot of opportunities and face hurdles in 2022. One of the greatest challenges is likely to be inflation due to the increase in national debt, among other factors. This Forbes article shares some tips on how entrepreneurs can fight back. Do more with less. Many have improved their financial discipline due to the pandemic. Continue to cut waste and find…  Read more

Business Update – 5 January 2022

Welcome back to our Weekly Digest. We hope you and your family have all had a great time during the festivities! Read on for the latest updates and some ideas to help you have a great start into the new year. COVID-19 Vaccination Info Kiosks COVID-19 vaccination information kiosks are now open in shopping centres and at events in New South Wales, Queensland, South Australia and Western Australia to help…  Read more

Business Update – 3 November 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Borders are reopening! After closing its international borders for nearly 600 days, Australia is now open to foreign visitors starting on Monday, as restrictions gradually lift. Fully vaccinated travelers from New Zealand who test negative in pre-departure tests can now enter and avoid quarantine in NSW. The next set…  Read more

Business Update – 27 October 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia-Singapore Travel Lane Begins on 8 November Australia and Switzerland will join the eleven countries – including the United States, the United Kingdom, Spain, Italy and France – that have signed on to Singapore’s vaccination travel lane arrangement that replaces quarantine with COVID-19 testing pre-departure and on arrival. The…  Read more

Business Update – 20 October 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Melbourne to Ease Lockdown Melbourne is set to lift its stay-at-home orders by Friday. This comes as Victoria’s vaccination rate is set…  Read more

Business Update – 22 September 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. End of Lockdown in Sight for Melbourne Melbourne will exit its coronavirus…  Read more

Business Update – 18 August 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. Tougher COVID-19 Restrictions in Melbourne New stricter COVID-19 restrictions came into effect…  Read more

NSW and Federal Government Combined COVID-19 Support Package

This week the NSW state and Australian Federal Governments announced a combined support package to help households and businesses during the ongoing COVID-19 lockdown. The COVID-19 Disaster Payment will be expanded and increased under this agreement. The payment will increase to $600 if a person has lost 20 or more hours of work a week or $375 if a person has lost between 8 and less than 20 hours of…  Read more

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