The Government is releasing the outcome of the review into JobKeeper and JobSeeker, and its economic update (along with any further initiatives).
During this webinar we'll cover:
|Trading at a loss / not sustainable.||
If you are in the position where even the economic stimulus measures such as JobKeeper and Cash Boost are not assisting you to break even,
you may need to make the tough decision to place your business into administration or liquidation before the temporary relief from personal
liability from insolvent trading expires on 24th September 2020.
This is big decision to make and for many will carry significant impact on several levels. If you are unsure of where you stand, please call us to chat about your position.
Trading at break-even.
Business has been difficult.
You have made the decision early on to pivot your business and take advantage of changed business opportunities and conditions.
You are preserving cash, but JobKeeper and Cash Boost payments are keeping you afloat.
Cash Flow planning is essential right now to ensure your business remains viable after government income is reduced or removed completely.
In essence, plan your cash flow without any income assistance. Be honest about your ability to trade and where you can adapt.
We can assist you to create a 12 month cash flow plan. You may also want to consider asset protection and/or estate planning.
|Trading well. Business is booming.||
Covid-19 hasn't been all bad for some businesses. In fact, financially things have got better for some. Cashflow is good. You are up to
date with your taxes. You business is enhanced by taking advantage of new opportunities. You're making good profits and expect to
continue to make good profit over the next 12 months.
We love a feel good scenario like this and we'd love to help you maintain the momentum. Consider your strategic plan and ensure you're able to continue to respond quickly to market and economic changes.
If you can’t work because you or someone in your household is impacted by COVID-19, support is available. There are three types of payments accessible to individuals who have lost work because of the pandemic.
UPDATED 6 Sept 2021: The Small Business COVID-19 Hardship Fund program offers grants of $20,000 to eligible small and medium businesses, including employing and non-employing businesses. This program will allow more businesses who have previously not received support, to receive financial relief now.
There has been some confusion on what the minimum wage increase and superannuation increase means to small business employers.
Many investors become concerned when volatility occurs in global financial markets – particularly about the impact on their superannuation and other investments. In times like these, it is important to understand the causes of market movements and how to minimise your risk.
Prices on everyday essentials like food, petrol and medicine have increased significantly, impacting us all. Managing these price hikes is even more difficult when you’re living on a fixed income. We unpack how we got here and set out some things you can do to increase your buying power.