Covid Disaster Payments Will End When Vaccination Rates Reach 80 Percent
Federal Treasurer Josh Frydenberg has announced Covid disaster payments for workers impacted by lockdowns will be discontinued once a state and territory reaches its 80 percent vaccination mark even if some regions end up being locked down again as a result of an outbreak. This means that income support for individuals who lost work during […]
How To Know If Your Business Is In Financial Trouble
Running a business can be full of challenges especially during the covid-19 pandemic when lockdowns can be implemented unexpectedly and the economy consequences of this can be severe. Here is a list of warning signs that could indicate that your business is headed for financial trouble. Major Clients Have Left Your Organisation Successful businesses will […]
New Business Grants Have Been Announced To Support South Australian SMEs
On Monday 13th September, The South Australian State Government announced introduction of two new business support grants to assist small and medium business across the state. The programs will deliver an extra $15 million in financial support to an estimated 3,500 local businesses. The newly announced Covid-19 Tourism and Hospitality Support Grantwill provide support for […]
Australian Businesses Admit To Struggling To Retain and Attract Quality Staff
Ongoing border closures and a ban on international travel means that Australian businesses have lost access to technical and skilled workers from overseas coming into the country. As a result of this businesses are now having to fight for available resources and things could potential become more challenging for small businesses across the country. The […]
Regional NSW Businesses Set to Pilot Vaccine Passport Trial
The NSW State Government has announced that selected business in regional parts of NSW will be picked to undertake a pilot trial of the new covid-19 vaccine passport, as the state aspires to re-open to full vaccinated people during the month of October. On Wednesday 22nd September, Victor Dominello the NSW Minister for Customer Service […]
Australian Household Spending Decreases for The Third Month in A Row
As a result of ongoing lockdowns in Sydney and Melbourne household spending across Australia has dropped for the first month in a row. Retail sales in Australia dropped 1.7 percent for the month of August when compared to the sales from a month earlier. Sales in New South Wales dropped 3.5 percent which is the […]
The Benefits of Hiring A Business Consultant
A business consultant can be best described as a professional who works with clients on a large range of aspects with the purpose of trying to assist with improving, growing or maintain a company. A business works with business owners and managers to enhance the operations and efficiency of a business. The business consultant helps […]
Australia’s Economic Recovery Has Hit A Major Roadblock With Recent Lockdowns
Newly published data illustrates that Australia’s economic recovery significantly stagnated in July, as this was the month where small businesses recorded their worst performance since December 2020 in the face of ongoing lockdown restrictions affecting more than half of the Australian population. On Thursday 26th August Xero published results of their latest small business index, […]
Australia Is Experiencing an Increase in New Businesses Starting Despite Challenges of Covid-19
Newly published data collected by the Australian Bureau of Statistics (ABS) shows that there is an increase in the number of Australian businesses that are starting up, despite the tough restrictions, ongoing lockdowns and economic uncertainty that has been generated as a result of the covid-19 pandemic. The recently published data from the ABS, which […]
Australian Government Expands Eligibility for Business Recovery Loans
The Australian Government has announced that it will be loosening criteria for its SME Recovery Loan Scheme. The newly introduced changes mean that business with a turnover of up to $250 million will now have access. Prior to the new changes, the funding was only available to businesses who had received JobKeeper in the March […]