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 […]
Nearly 500,000 Small Business Trading Without Digitalisation
Nearly 500,000 small businesses across Australia are currently trading with little to no digitalisation measures, while 34 percent of business who have were found to be more profitable as a result. On Tuesday 11th May MYOB published the findings of new research which discovered that 466,062 small and medium-sized businesses have been left in the […]
The Benefits of Embracing Digitalisation
The conception of digitalisation is something that thrills some business owners but at the same time frightens others just as much. If you run a business, many digitalisation options might have already been introduced into your business strategy. At the same time, you might also be hesitant to implement various elements of digitalisation. It is […]
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 […]
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 […]
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 […]
What is the Right Governance Structure for my SME?
Under modern governance principles, there is a difference between the governance of an organisation and the operations of the business of the organisation. Governance generally refers to a number of governing functions in relation to an organisation, which are well articulated in ‘Tricker’s framework’ of corporate governance. Formulating and monitoring the strategic direction of the […]
Accommodation Industry Woes
Some observations on the changing landscape of the accommodation industry in Australia, particularly in rural and regional areas.