Tag: small business

The End Of JobKeeper Has Cost 56,000 Jobs To Date

Newly released data from Single Touch Payroll has revealed that 56,000 workers who were previously on JobKeeper have lost their jobs. This is an increase in 16,000 which is up from the figures of 40,000 jobs from the data published two weeks ago. “The data suggested that up to 40,000 former JobKeeper workers lost employment […]

46 Percent of Small Business Owners Admit to Mental Health Problems

Research published by MYOB has shown that 46 percent of small and medium sized business owners believe that running their own business has directly contributed to feelings of depression or anxiety.    Furthermore, another 26 percent ranked mental health as an “immediate” problem in their daily life and workplace.  These figures illustrate that the pandemic is taking […]

The Australian Government Is Planning More Insolvency Reforms

Small businesses across Australia that operate via a trust will now be considered for further protection, as the federal government contemplates further insolvency reforms as part of the May 2021 federal budget. On Monday 3rd May, the Treasury announced that the Australian Government will be holding a consultation regarding how trusts are currently being treated […]

The Benefits of Running A Family Owned Business

There are many advantages and benefits to running a family-owned business. Family business still thrive in today’s highly competitive economy as most successful family businesses are not only well-founded but also exceptionally well-run. When you are aware of the advantages of being in a family-owned and run firm, it can significantly help your business maximise […]

How The 2021 Federal Budget Will Impact Australian Small Businesses

On Tuesday 11th May, the Australian unveiled what’s been described as one of the most important and hotly anticipated federal budgets in recent decades. As Australia aims to bounce back from the covid-19 pandemic, there is a huge focusing on needing to ensure that Australia maintains a strong economic recovery, with the goal of supporting […]

Victorian Government Announces Support Package for Businesses Impacted By Lockdown

Last month Victoria was forced into a 7-day lockdown as a consequence of a fresh outbreak of community transmitted cases of covid-19. The Victorian Government has stated that it is especially trying to help businesses most affected this time around, which includes operators in the hospitality, events, retail and creative industries by giving them additional targeted […]

Australian Governments Offers Victorians $500 Per Week During State Lockdown

Prime Minster Scott Morrison has announced plans to offer financial support to Victorian workers who have been impacted by the recent covid-19 enforced lockdown. The fresh lockdown has resulted in the immediate closure of venues and the loss of jobs in a number of different industries particularly retail, hospitality, events and tourism. The Australian Government […]

The Australian Government Announces $1.2 Billion Digitalisation Package

The Australian Government has announced that it intends to make a huge investment in digital education for works, along with artificial intelligence, incentivising investment in game, refreshing government services, digitising SMEs, data management, emerging aviation technologies and cyber security. The ambitious new technology package is worth $1.2 billion was announced on Thursday the 6th May […]