Financial adviser and money.com.au spokesperson Helen Baker reveals a budget guide to help Aussies survive on government support during the coming months. Rent/mortgage: reduce payment to $200-300 a week. If you are on $669 per week, to make ends meet, ensure your rent doesn’t exceed $300 per week. Those on $550 per week should negotiate… Read more »
Can you survive on $550-670 a week? That’s exactly how much money millions of Australians will have to satisfy their financial obligations as the impact of the coronavirus crisis continues. More than 850,000 businesses have registered for JobKeeper payments, in addition, to close to 600,000 people who have applied for the JobSeeker scheme. The schemes… Read more »
The Fair Work Commission is about to implement the most onerous and widespread change to Australian employment law since the Fair Work Act was introduced over ten years ago. In less than a fortnight, the obligations of many employers that pay their workers an annual salary will begin to change across 22 Modern Awards, impacting… Read more »
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is encouraging small businesses to have their say on a draft law requiring big businesses to be more transparent about their payment times. Today the federal government opened consultation on the draft Payment Times Reporting Framework legislation that will require businesses with a turnover of… Read more »
So, you’ve packed away the Christmas tree, put away the good silverware and finally taken the time to think about where you are headed financially for 2020. If like many at this time of year, you find yourself with no savings, a credit card debt and no idea where your money is going, then Susan… Read more »
Jenny Marsh is the owner of a successful franchise business ATM2GO, which since 2011 has been providing the convenience of cash to events and businesses through ATM services. With 17 ATM2GO franchisees based all over Australia, Jenny says that she was finding it difficult to keep track of and properly understand her business’s numbers due… Read more »
There are a lot of changes in the wind that small businesses need to know about in 2020. Susan Franks, Senior Tax Advocate at Chartered Accountants Australia and New Zealand (CA ANZ) has pulled together some key changes that you need to know about to stay on the right side of the tax man. Franks… Read more »
A huge change is already underway in Australia’s banking sector. And, in January, consumers and businesses can finally experience some of its benefits first-hand, writes Steve Kemp, Head of Financial Institutions Partnerships APAC and Emerging Markets, Intuit. Since last year, regulators, Australia’s Big Four banks (NAB, Commonwealth, ANZ and Westpac) and a test working group… Read more »
With the new year fast approaching, Aussies are eagerly planning some time off work to enjoy the warm weather — however, time off is a luxury many small businesses simply can’t afford. For some small business owners, summer can be the busiest time of the year. For others, it can be a slow period where… Read more »
The ATO is urging small business employers who’ve not yet made the switch to Single Touch Payroll (STP) to get in touch if they need help to transition. Small employers with 19 employees or fewer are now required to start reporting through STP but ATO Assistant Commissioner Jason Lucchese said there was still time for… Read more »
The holiday season is always a stressful time for small business owners. Many are concerned with how they will have the funds to get through the first quarter of the year as the nation slows down over Christmas and summer. Last January, finance company Scottish Pacific saw a spike in enquiries from business owners hoping… Read more »
There’s an old saying, “put your money where your mouth is”. And that’s exactly what bootstrappers do. Yet sometimes it’s the starry-eyed capital-raising young startups that seem to attract more attention than the brave bootstrappers, who are backing their idea with their own savings. Dispelling the myths As a bootstrapper of two businesses (Matchboard and… Read more »
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