The Victorian Government Announces Business Events Grants to Attract Interstate Visitors
The Victorian government has announced that business events operators will be eligible to apply for grants of up to $25,000 in a bid to entice interstate visitors to travel to Victoria. The National Business Event Program will be directed by the Melbourne Convention Bureau (MCB), with eligible events consisting of conferences, exhibitions, workshops and seminars. […]
Calls for Targeted Stimulus Package to Assist Hospitality Venues Post JobKeeper
Restaurateurs and café owners across Queensland are calling for the Australian Government to create a targeted stimulus package to support the hospitality industry. This comes as Brisbane was placed into a three day lockdown earlier this month to combat the recent announcement locally acquired covid-19 cases being detected in the Greater Brisbane Region, Gold Coast […]
The ATO Is Set To Turn the Tide on Insolvencies
Following the discontinuation of JobKeeper and other government support measures which were introduced at the peak of the covid-19 pandemic, the ATO is set to ramp up enforcement in line with the governments ambition to revert to a “business as usual approach”. It is not expected that the ATO will be overly aggressive but they […]
New Mental Health Training for Accountants and Bookkeepers Has Been Officially Launched
The Counting on U Program, is a brand new mental health initiative which has been made freely available to members of Chartered Accountants Australia and New Zealand, the Institute of Public Accountants, CPA Australia and the Institute of Certified Bookkeepers, is now open for registration after a successful pilot phase took place in February. It […]
Advice to Help Businesses Impacted By Floods Minimise Their Financial Hardship
Chartered Accountants Australia and New Zealand (CA ANZ) has announced a new checklist to support small businesses who have been affected by the recent flooding to occur in the east coast of Australia. This checklist has been created to help reduce the amount of financial hardship small businesses endure as they look to recover from the […]
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 […]
Small Business Revenue Has Bounced Back To Pre-Pandemic Levels
Fresh data released by Xero revealed that small businesses in February recorded their ninth consecutive month of revenue growth. This data also illustrated that revenue growth for Australian small businesses in February was up 4 percentage points since January. Small Business revenue increased by 5.1 percent in February following a 1 percent rise in January […]
The ATO Announces a Permanent Review Service for Small Businesses
On Friday 26th March the Australian Tax Office (ATO) announced that it will permanently install its independent review service following a successful three-year pilot program which gained the approval of its participants, whether they got the outcome they hoped for or not. In a statement released by the ATO, the tax agency proclaimed that the small businesses […]
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, […]
The Australian Government Has Extended the SME Responsible Lending Exemption
The Australian Government has announced an extension of the SME responsible lending exemption. This announcement comes following delays to the passage of new laws that will consequently remove responsible lending obligations for banks. The SME responsible lending exemption was set to expire on 2nd April 2021 having been originally introduced in March 2020 at the […]
