MarketWatch July 2020
Does our national debt matter? In September 2008, MarketWatch was on a plane to London. Earlier in April, a US bank called Bear Stearns which had pioneered the selling of securities back by sub-prime house loans, had incurred so many losses on the product, that it failed and was bought by a bigger rival at […]
Worthwhile Expenses for Entrepreneurs
Being an entrepreneur is often about obtaining the most value out of your resources. This means spending only on the necessities, and nothing more. Unfortunately, things you consider to be a waste of your capital may actually be what your start-up needs to survive. Some of them are expensive, especially for a new company, but […]
The importance of documenting processes and systems
Many entrepreneurs operate with their business processes and systems in their heads. They know what they need to do each day and the way they want to get things done. Unfortunately when a business grows and staff need to be hired – or the owner needs to take time away from the business – it’s […]
JobSeeker income-support payments will change this September
The PM recently announced changes to the JobSeeker program are coming. Here is an overview of the changes. The JobSeeker scheme has been extended but rates have been cut and eligibility has been tightened. The JobSeeker coronavirus supplement will continue for another three months but it will fall from $550 to $250 a fortnight. This […]
JobKeeper changes coming in September
The government has announced changes to the JobKeeper scheme. The Treasury’s review found that the subsidy was still “needed” but required a “test to ensure that JobKeeper is well targeted”. Be prepared This means there will be changes to your current situation and your entitlements will be affected. The details of the changes are being […]
How Your Business can Thrive Even in a Recession
The pains caused by a recession can be excruciating, which is why most of us dread the thought of it. A recession can mean massive layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less – often worsening the economic slowdown unknowingly. For most businesses, especially small businesses, […]
COVID-19 Business Update – 15 July 2020
Welcome to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Tightening restrictions as COVID-19 cases top 10,000 Restrictions have tightened back up in some states in an attempt to contain a fresh outbreak of COVID-19 in the country’s southeast, which pushed the total […]
Payment Summaries have changed
Last year’s introduction of Single Touch Payroll (STP) means that tax time this year will be a little different. Employers are now required to report pays, taxes and superannuation information directly to the ATO each payday through STP. Employers who do report this way will not have to give you a payment summary as they […]
9 Things You Need to Remember While Negotiating Contracts
With economic downturns comes great opportunities for those in the right place. As a result, for those who are ready, an uptick in contract negotiations can arise. There are several aspects of business which can only be learnt through actual experience. One of them is negotiating contracts. Several people fear the negotiation process because it […]
COVID-19 Business Update – 8 July 2020
Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Next phase of JobKeeper to come after September PM Scott Morrison confirmed today that there will be a “further phase” of JobKeeper payments following this September when the scheme is due to […]