Tag: Business Advice

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 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…

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 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…