The 2020-21 Federal Budget has been described as the most anticipated in our history defining its post-COVID road to recovery despite the country experiencing its worst economic conditions since World War 2. In this article we sift through the federal budget’s contents and what they mean for our nation’s SMEs. Personal income tax cuts The […]
Australian Federal Budget 2020-21 Wrap Up Read More »
Many people may be experiencing feelings of anxiety, distress and concern in relation to the coronavirus (COVID19). The team at Beyond Blue have compiled the following well-being advice for work and your mental health during COVID19. If you lose your job Losing your job and having your income reduced can cause significant emotional distress. It’s
Work and your mental health during COVID19 Read More »
It’s been an extraordinarily challenging journey for businesses of all sizes and industries during COVID19. When it’s time to get your business back on track, it is likely you can expect there to be a period of recovery. During this time, you may operate at reduced capacity, offering only a portion of your normal goods
Get your business back on track after COVID19 Read More »
Australian businesses are behind their international counterparts in employing data analytics, but this isn’t because they don’t want to. The unspoken problem is the lack of information provided informing businesses about how they can use their data correctly. Sadly, it isn’t as simple as analysing customer numbers, sales or demographics data. While this information is
Four common mistakes SMEs make with their data and how they can be avoided Read More »
As more Australians have started to and continue to work from home, business owners and managers need to place their cyber security strategy at the forefront of their minds and focus on building long-term strategies to protect personal and business data. In this article we explore eleven cyber security tips for small business. These are fundamental
Eleven cyber security tips for small business Read More »
Author: Brent Szalay, Seiva This article outlines the steps and provide you with the tools to do create a stability plan. A stability plan will allow you to make clear decisions in the face of the kind of uncertainty we are currently experiencing. It focuses on forecasting and managing your cash flow, as well as understanding the
How to ride out this wave of uncertainty with a stability plan Read More »
The first day of July 2020 heralds the start of FY20/21 and after a rocky six months for all Australians, there are many important financial changes business owners need to get across. In this article, we discuss the most substantial legal changes from 1 July impacting businesses of all sizes and industries. Minimum wage increasing
Important financial changes from 1 July 2020 Read More »
The ATO has made a number of changes to tax return rules for FY19/20 making this year’s tax return easier, particularly for Australians impacted by coronavirus and bushfires. The tax office is expecting a marked increase in people claiming deductions for working from home or for protective items used for work. We know many of
ATO updated tax return rules for EOFY Read More »
It’s been a ‘business as unusual’ year for business owners and taxpayers and this EOFY will be even more critical than others. To get the most out of your tax return, these top fourteen key deductions mustn’t be overlooked. More importantly than ever, to make the most of and be eligible to receive these deductions,
Top fourteen tax deductions for Tax Time 2020 Read More »
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