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 […]
Extending The SME Guarantee Scheme To Help Australia’s Tourism Industry Recover From Covid-19
The Federal Government has chosen to extend its small and medium-sized enterprise loan scheme. The SME recovery loan scheme will be an adaptation of the SME Guarantee Scheme which was introduced in March 2020. The scheme provides loans of up to $5 million, 80% of the loan is guaranteed by the government and 20% is paid […]
Boosting the Creative Economy and Employing Australians In Entertainment Sectors
In a bid to boost the creative economy, the federal government announced the $250 million support package called “The Covid-19 Creative Economy JobMaker Package” on 25th June 2020. This support package includes a $90 million Show Starter Loans Scheme. These much-needed support packages are being delivered as part of the Coronavirus SME Guarantee Scheme. The […]
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 […]
Distinct Lack of COVID-19 Support for Sole Traders
Distinct Lack of COVID-19 Support for Sole Traders Grants to keep small businesses operating amid COVID-19 restrictions have been welcomed, but concerns remain about how the $17.6 billion stimulus package might help Australia’s 1.5 million sole traders. So far there has been a distinct lack of support available to sole traders, as most stimulus measures […]
Putting Your Business into Hibernation
Putting Your Business into Hibernation New Federal Government Business Support Measures The government has announced further business support measures in the form of a $1500/fortnight wage subsidy, with the aim of keeping people employed in their current roles. Much of the government’s focus on business support has been on helping businesses to survive a period […]