372,000 Australian Businesses Were On JobKeeper When It Ended Last Month
Right up until it’s completion on Sunday 28th March, JobKeeper remained to be a critical economic lifeline for 372,000 Australian businesses. New research shows that almost a quarter of Melbourne based businesses were dependent on help from the scheme during its final phase. Businesses in regional parts of the country fared better than those in […]
Job Vacancies in Australia Hit Record Levels as JobKeeper Ends
Australia’s national jobs market appears to be in a strong position to take up many of the 1 million Australians who have recently come off the federal governments JobKeeper wage subsidy program. The Australian Bureau of Statistics (ABS) revealed that at the end of March 2021 there was approximately 289,000 vacant jobs across Australia in […]
The Impact Ending JobKeeper Will Have On the Unemployed
In Australia one entry-level job is advertised for every 48 people who are relying on JobSeeker payments. Now that JobKeeper has been discontinued and thousands of Australians are at risk of losing their jobs the competition for these highly sort after new employment opportunities has risen significantly. There are eight people who receive the JobSeeker […]
Working From Home Benefits during the Covid-19 Pandemic
It is important for Australian employers to be aware of their Fringe Benefits Tax (FBT) obligations when employees are provided with benefits to assist them when they are working from home during the covid-19 pandemic. As an employer you might have given or loaned specific eligible work related items to your employee in order to […]
Australian Businesses in a World after JobKeeper
Business owners, insolvency experts and bureaucrats are cautiously awaiting to see how the end of JobKeeper is going to impact the Australian economy over the coming weeks. Insolvency laws were introduced during the peak of the covid-19 lockdown to protect businesses. On top of this the $90 billion JobKeeper wage subsidy scheme made it possible […]
Thousands of Employees Face Redundancy as JobKeeper Ends
The JobKeeper scheme ended on Sunday 28th March. The ATO has warned employers that they could potentially lose access to the wage subsidy payments if they deny workers their redundancy entitlements. The Treasury has estimated that up to 150,000 employees across the country are likely to lose their job as a result of the […]
Advice for Business Owners Who Are Preparing for The End of JobKeeper
The Australian Government will be ending the JobKeeper scheme on Sunday 28th March. Here are some tips to help business owners prepare for life after the wage subside. Review Your Cash flow With as much detail as you can, it is advised that business owners put together a forecast for the next few months. Get […]
Struggling Businesses Are Concerned About What the End of JobKeeper Will Mean for Their Future
Struggling businesses and their employees are concerned about what is going to happen to them once JobKeeper ends on the 28th March 2021. Economists are predicting that over 100,000 jobs could be lost when the government ends the covid-19 welfare supplement later this month. When covid-19 shattered Australia’s economy in March 2020, millions of people […]
‘Ahead for Business’ – Supporting the Mental Health of Small Business Owners in The Age of Covid-19
The effects of the covid-19 pandemic have taken a huge toll on the mental health of many small business owners and their employees. The ongoing possibility of having to suddenly close whenever a new outbreak of covid-19 occurs means that many businesses are struggling to make a profit and are facing an uncertain future. As […]
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 […]