Planning to Step Away From Your Business? Here’s What You Need to Know About the Money Side
If you’re thinking about handing over your business—whether it’s to your kids, your staff, or a new owner—there’s more to it than just deciding who takes the reins. You’ll need to think carefully about the numbers: how much your business is worth, how the next person will pay for it, and how to make sure […]
5 Important tips for Newcastle’s sole traders starting a new business post-COVID
Congratulations, you have jumped into being a sole trader and left the safety net of having a regular wage each week behind. Success in small business is as much about planning as it is about ability. If the year of Covid has taught us anything as Newcastle based business owners, it is that we need […]
Federal Budget 2021: What it means for you
Treasurer Josh Frydenberg has released the 2021 Federal Budget and confirmed Australia’s economy is performing more strongly than was expected six months ago. This article has a summary of the “Winners and Losers” of the Budget and we’ve compiled a recap of the key points below. Get in touch with us if you have any […]
Australian Budget & Business Update – 12 May 2021
Welcome back to our Weekly Digest. Read on for the highlights from the Australian Federal Budget, the latest updates and some ideas to help us all move forward. Australia to Reopen Doors to India Australia will lift a ban on its citizens returning from COVID-ravaged India next week, as state officials reported that an outbreak […]
Is your business ready for hybrid working?
The Covid pandemic has changed the way we work and ushered in a new era of hybrid working. Is your business ready and able to offer this mix of on-site, off-site and remote working? When businesses were forced to close down their physical offices and workspaces, this brought technology to the fore. We’ve seen an […]
The NSW COVID Small Business Grants
The NSW Government has recently announced grants available for small businesses who have been impacted by the NSW Government Lockdowns. This is available to all businesses that can show a downturn of at least 30% for a 2 week period between 26 June 2021 and 26 July 2021 compared to the same period in 2019. […]
NSW Government Support Packages – Small to Medium Businesses
There are 3 different types of support for Small to Medium Business. The type of support available will depend on: business income is above or below $75,000 Whether you are sole trader or non employing business who is already receiving support in the form of the COVID-19 disaster payment. Covid 19 Business Grant Key […]
Is your business eligible for the loss carry back tax offset this financial year?
As part of the Federal Budget 2020-21, the government announced a loss carry back measure to encourage new investment and work with the temporary asset expensing measures also announced at the budget. The new law started on 1 January 2021. Eligible corporate entities that previously had an income tax liability in a relevant year, and […]
Is your business eligible for JobMaker credits?
The JobMaker Hiring Credit scheme is designed to encourage businesses to employ additional young Aussie jobseekers aged 16-35 years. The hiring credit subsidises an increase in employee headcount. Eligible employers can receive the hiring credit for up to 12 months for each eligible employee engaged between 7 October 2020 and 6 October 2021. Registration for […]
How to Run a Small Business: 6 Tips to Manage Your Finances
The most effective way to achieve optimal business operations can simply be by educating yourself on the ins and outs of running a business. With that in mind, one of the critical areas that is important to focus on is your small business’s finances. Running a small business requires hard work and effective multitasking. But […]
