Post Type: Article

This is one of the most common questions being asked right now. Bills are coming in, you have lost your job or have been put onto Job Keeper, so how are you supposed to get through this crisis period? Figures from the Australian Tax Office (ATO) suggest that almost 500,000 Australians dipped into their Superannuation…

No one would have guessed that we would be where we are today: people in isolation, businesses shutting down completely at the directive of our governments, social distancing from everyone except our closest loved ones. Our governments’ top officials are on our media daily enacting measures to keep our people and economy afloat, and it…

The Australian federal and state governments are offering aid to businesses in a variety of ways with new measures being announced weekly, sometimes even daily. It is their top priority to balance both our health crisis happening as a result of the COVID-19 pandemic as well as the economic crisis happening as a result of…

There are a variety of supports currently in place, and more to be announced, to help individuals and households through the Coronavirus pandemic: Income support payments: JobSeeker and JobKeeper JobSeeker Payments If you have been stood down or let go from a job, you may be eligible for the JobSeeker payment. Eligibility criteria has recently…

There are a variety of supports currently in place, and more to be announced, to help support businesses through the Coronavirus pandemic: JobKeeper payment Jobkeeper payments are available to businesses that have been significantly impacted by Coronavirus. The payment will act as a wage subsidy to help keep your employees employed. Generally, employers will be…

Program Overview The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work. The Fund is part of the Victorian Government’s $1.7 billion Economic Survival Package. Eligibility criteria and application guidelines are outlined below. Applications can be made…

As a business owner, it’s hard to know what to do and what to expect in the fast-changing business environment we now all face as a result of the Coronavirus Pandemic. Fortunately, Sharp Accounting are currently working with local business to do just that; to help them not only weather the storm, but come out…

In a bid to minimise the potential impact of the Coronavirus to the Australian economy, the Government has today announced a $17.6 Billion targeted stimulus package.* We will keep you updated as soon as more information becomes available, but this is what we know so far: Instant Asset Write-Off Concessions have been extended 15 Month…

You’ve heard of financial advisors and business consultants, but what is a business advisor? And more importantly, do you need one?  A business advisor looks at things like strategy, growth, profit improvement, structure, governance and more. For example, a business advisor might examine finite details like, how long it takes to move products from your…

Deciding to manage your own superannuation fund is a sizable responsibility however, if done with the right support and advice, isn’t too big of a commitment and certainly worth the effort. What is a self-managed superannuation fund (SMSF)? A SMSF is a private superannuation fund regulated by the Australian Taxation Office (ATO) that you manage…

Buying a business premises is similar to buying a house however, there are a few differences. First, you’ll need to undertake a thorough due diligence process, which includes things like: If you need to obtain finance, allow long enough for your bank to settle; typically 60-90 days. You will also likely need a much larger…

We’re lucky enough to work with hundreds of small businesses across Victoria, so we have seen a lot in terms of business performance and lack thereof. If you feel your business has become a little humdrum, here are a few tips to shake up and shape up your business. Review your business finances with a…