Post Type: Article

As part of the latest lockdown (Lockdown 5.0), the Victorian government has provided initial payments for a number of businesses. These payments were automatically paid if your business received a similar payment for Lockdown 4.0. Due to the lockdown now running into a second week, the Victorian Government has announced a further $282.5 million injection…

The pandemic tested the limits of Australian business owners’ strength, resilience, planning, and ability to innovate. While the financial outcome for businesses tended to vary across industries and locations, those which have survived should draw lessons from the challenges of the past 14 months. Here are 3 lessons from the COVID pandemic to help you…

Our past few blog posts have focused on preparing your business for a period of increased demand as the pandemic-related restrictions and uncertainty ease. We’ve discussed strategies to adapt your business planning and overheads to the new normal, as well as the steps you should take to ensure you’re ready for increased demand. This post…

With the 2020/21 financial year drawing to a close, we’ve put together the best advice our accountants have for small businesses. The tips in this blog post are designed to help you reduce costs, improve your processes, and grow:  Our Accountant’s Advice for Small Businesses: 1 – Start with a complete business review.   Knowing…

A new round of grants is now available to eligible Victorian businesses affected by the latest lockdown and restrictions. Grants of up to $5000 are available for eligible businesses that have been affected. Applications are open until 11:59pm on 24 June 2021. The Business Victoria website has more details on eligibility as well as a…

The Victorian Government has announced further support for Victorian businesses as the current lockdown is extended another week for Melbourne businesses. Download the latest Media Release here. In that providing regional COVID testing remains negative, as of 11:59pm tomorrow night (Thursday), restrictions will be eased in Regional Victoria. Download the Restrictions Table here. Also, the…

With customer demand looking likely to increase into the future, now is a great time for businesses to plan for growth and expansion. In this blog post, we’ll explore 4 strategies you should consider as you adapt your business to the new normal:  1. Consider Entering New Markets.  Offering your product or services to new…

We heralded a post-pandemic business boom in our Business Outlook for 2021 article late last year. With vaccines being rolled out, travel bubbles opening, and a more hopeful future ahead of us, now is the time for businesses to prepare to meet growing demand. Here’s what you should be planning for: 1.    Getting the right…

Equipment loans are so valuable for growing businesses. But you do need to think about whether it makes sense to get a business loan before signing. This blog post will outline some of the major factors you should consider before taking on an equipment loan.    6 Key Things to Think About Before Taking on an…

Eligible employers are now able to apply to access wage subsidies to help with costs for taking on new and eligible employees, funded by Jobs Victoria. The wage subsidy amount available depends on each employee and whether the job is full-time (up to $20,000) or part-time (up to $10,000). Eligible employees must be from one…

Your small business cash flow is vital to managing your day-to-day operations – and your stress levels! It’s important to remember that cash flow issues don’t just arise when profits are in decline. They can happen to any business at any time, if they aren’t carefully managed.   Here are 5 ways to improve your small…

2021 has arrived! If you’ve been keeping an eye on our blog, you’ll know that there are plenty of reasons for small and medium-sized businesses to be optimistic about the next 12 months. But, optimism won’t translate to results unless you’re prepared. These 5 financial resolutions for 2021 are a great place to start: 1.…