Post Type: Article

There’s plenty of reason to be optimistic about 2021 - especially since the business outlook is better than you might think.

If your business hired employees after 6 October, 2020 then you may be eligible for the JobMaker Hiring Credits payment. This could be worth up to $10,400 per eligible employee. Key details and eligibility criteria are: 1.       New employee aged 16-35 at time of hiring; 2.       New employee works at least 20 hours per week; 3.       New employee to…

In our recent video podcast with the Ambitious Accountant I speak about how you should be working to make yourself redundant over time. While it may seem counter-intuitive, discover what I mean by ‘making yourself redundant’ and why it’s important to build systems and processes into your business, so that your business can GROW!

With the endless demands for your attention during these COVID times, you could be forgiven for nearly missing the odd thing or two. However no one likes to miss out on any free money and with this in mind below is a summary of what your Victorian business may be eligible for: The above stimulus…

For your business to come out the other side of COVID 19 restrictions and more importantly the recession, it is crucial that you buy yourself as much time or “runway” as possible. How do you as a business owner extend the time your business has to survive and ultimately “take off” and thrive? Here are…

During COVID 19 the government stimulus options on offer have been constantly changing and JobKeeper is no different. The second stage of JobKeeper is going to begin on Monday, 28 September 2020, and for an eligible business with 5 employees that work full time, this could mean an additional $42,000 of funding. Here’s how it…

Due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time. While there is a temporary shortcut method that the ATO has introduced, of 80c per hour of working from home time, we recommend you track all…

The Victorian Government announced updated restrictions for Melbourne and regional Victoria to help slow the spread of coronavirus (COVID-19) in Victoria. Stage 4 restrictions are in place from 6pm on Sunday 2 August for metropolitan Melbourne. Stage 3 restrictions are in place from 11:59pm on Wednesday 5 August for Regional Victoria, including Mitchell Shire. These…

As a business owner, you obviously rely on your business to support yourself and your employees day-to-day, but you may also rely on it as a mechanism to fund your retirement?  As such, over the years, you may have reinvested almost every dollar earned back into the business. This money may have been spent to…

The Federal Government has released a new proposal to the current JobKeeper scheme. Business owners currently receiving JobKeeper (or likely to before 27 September 2020) are now eligible to consider employees that were on their books as of 1 July 2020 for the government JobKeeper payment. Previously, the initial requirement was that the employees needed…

The government has announced an extension to the JobKeeper Program which would extend payments made to businesses from the upcoming end date of 28 September 2020 up to 28 March 2021. Businesses will need to requalify for the second part of the scheme that begins on 29th September 2020. While many businesses will benefit from…

We know that COVID-19 has presented Ballarat business owners with some of the toughest business challenges ever faced. But we believe that with the right advice your business can not only survive but thrive in the current market. Listen to my recent podcast with Ballarat Business to find out more. Business Advisory As a business…