Victorian Government Announces Support for Businesses Impacted by Covid-19 Lockdown
The Victorian Government has announced new support for small businesses, including sole traders which have been impacted by the covid-19 circuit-breaker action. Operators from businesses in industries such as; hospitality, events, tourism and the creative industries are all set to benefit from these grants. The $143 million Circuit Breaker Support Package is expected to help […]
Zombie Businesses in The Age of Covid-19
Running a successful business takes a lot of hard work and with the covid-19 pandemic many Australian businesses are facing an uncertain future. Sudden lockdowns and social distancing rules have made it difficult for businesses to generate the amount of revenue that they used to make in a world before covid-19. Once the governments covid-19 […]
New Law Will Expand Directors Exposure to Company Debts
A new law is set to be introduced which aims to treat a person as continuing to be a director of a company even after they have resigned. This means the individual will still have continued exposure to all the laws that make them personally liable for any company debts. Directors can be held personally […]
Pubs in The Age of Covid-19
Pubs across Australia have been faced with many challenges during the covid-19 pandemic, as they try to remain profitable and abide by the governments social distancing rules. Data from Australian Bureau of Statistics illustrates that more than a third of Australian’s working in accommodation and food services lost work between March and April 2020. The […]
Fringe Benefits Tax (FBT) In the Age of Covid-19
A fringe benefit tax (FBT) is paid by employers who provide certain benefits to their employees or their employees family or friends. Key examples of fringe benefits include; allowing an employee to use a car for work for private purpose unrelated to work, paying for an employee’s gym membership, providing entertainment by giving away free […]
How Covid-19 Has Changed the Workplace: The Pros and Cons of Working from Home
The covid-19 pandemic has changed the way millions of people around the world work. Working from home rather than commuting to an office space has become the new normal and is a trend that will likely remain common long into the future for years after the pandemic is finished. There are some key benefits to […]
New Shopfront Grants Introduced by The Brisbane City Council
In November 2020, The Brisbane City Council introduced a Suburban Shopfront Improvement Grant to support local businesses. Applications for businesses looking to advantage of this initiate closed on 23rd December 2020. In this current month of February 2021, the Brisbane businesses that applied to receive funding from the city council to upgrade their shopfront are […]
Tips for Growing Your Business In 2021
Develop A Deeper and More Personal Relationship with Your Customers – Satisfying your customers should be a top priority of every business. It is crucial to understand your customers desires and to offer services and products that add value and exceed their expectations. You can gain insight into your customers by personalising your services and […]
Building Business Resilience in The Age of Covid-19
Sudden closures from covid-19 enforced lockdowns have made it difficult for businesses around Australia to remain financially viable. For businesses wanting to come out the other side of this pandemic in a strong position it is essential for businesses to build resilience by being flexible in the way they sell their products to customers. […]
Small Business Insolvency Reforms Introduced to Help Struggling Businesses
Thousands of Australian businesses impacted by the covid-19 pandemic have been thrown a lifeline following the Federal Government’s decision to introduce small business restructuring reforms on 1st January 2021. The Federal Government’s insolvency reform package was passed by Federal Parliament on 11th December 2020. The new rules will offer a debt restructuring process intended to […]
