Tag: hospitality

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 […]

Youth Unemployment in Australia During the Covid-19 Pandemic

Over 870,000 Australians lost their jobs during the first few months of the covid-19 pandemic. Around 38% or 332,200 of these Australian workers were young Australian aged between 15 and 24. By June 2020, as Australia’s overall unemployment rate hit 7.4%, the youth unemployment rate jumped to 16.4%, with a further 19.7% underemployed. An underemployed […]

The Tax Consequences for Business Events Ahead of Trans-Tasman Travel Bubble

On Monday 19th April 2021 the Australian and New Zealand federal governments plan to lift international border restrictions between the two countries. As a result of the travel ban coming to an end corporate events will become a more frequent occurrence “extravagant” corporate events are likely to pique the interest of the Australian Tax Office. Australian […]

Hospitality Venues in Brisbane Endure First Lockdown Post JobKeeper

Restaurants, cafes and other hospitality establishments located in Brisbane are expecting to take a massive hit as the city enters Australia’s first covid-19 lockdown since the end of JobKeeper. Under the new lockdown rules, hospitality venues are only able to serve take-away or home delivery options to their customers. Non-essential businesses such as; gyms, cinemas, […]

Federal Government Extends Apprenticeship Wage Subsidy Scheme Until 30th September 2021

Prime Minister Scott Morrison has announced that the federal government will be extending its wage subsidy scheme for apprentices and trainees until the end of September 2021. It is anticipated that the extension will result in another 70,000 new jobs being created. The scheme has already created over 100,000 apprenticeships since it was introduced on […]

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 […]

Insolvencies Increased by 61% In February 2021

Last month saw the number of insolvencies in Australia rise by 61%. The official statistics released by CreditorWatch indicate that insolvencies increased from 254 external administrations at the start of February to 408 administrations by the end of February 2021. With JobKeeper set to end on 28th March 2021, it is anticipated that the number […]

The Financial Impact Snap Lockdowns Are Having on Australian Businesses

The Professional Accounting Body has called for Australia’s federal, state and territory governments to work together to create a national response for businesses that are impacted by future snap lockdowns whenever a new outbreak of covid-19 occurs. Keeping Australian citizens safe during the pandemic should be the government’s top priority and the quick action taken […]