Australian women are bearing the brunt of the initial economic impact of the Coronavirus (COVID-19) pandemic according to the latest findings of the Financy Women’s Index. Joanna Masters Chief Economist Ernst & Young Oceania said the result could mean progress towards economic equality could be set back by years. “For women, the risk is that… Read more »
Back in February, I wrote a piece for Kochie’s Business Builders about managing the economic fallout of COVID19, but it’s fair to say that businesses are suffering more than anyone could have possibly conceived, with some of the most prominent players in their industries, like Virgin Australia, going into voluntary liquidation, writes Domenic Calabretto, CEO of … Read more »
The government’s $130 billion JobKeeper Payment scheme was initially greeted with a sigh of relief by many businesses who are struggling with paying staff wages as part of the financial challenges caused by coronavirus (COVID-19). However, the initial relief has turned to worry, as cashflow becomes an issue as businesses struggle to pay their eligible… Read more »
Right now, Australia is in the grip of the global COVID-19 pandemic, and so much has changed in a short space of time that some of us are finding it hard to keep up, writes Reuven Barukh, CEO of LIVE Group. As restrictions continue to affect the way we live and work, there’s no doubt… Read more »
New South Wales residents will be allowed to have up to two adult visitors in their homes from Friday, as the state relaxes its lockdown restrictions, Premier Glady Berejiklian announced on Tuesday morning. The change means friends can catch up at home and bring their children if they want to. While there are risks, Berejiklian… Read more »
The founder of a health data analytics startup says it’s “absurd” for people to worry about the government tracking people on its new coronavirus app, when so many already give away their location data to international tech giants such as Facebook and Google. Prime Minister Scott Morrison and Health Minister Greg Hunt released the voluntary… Read more »
As we all try to find our feet amidst the turmoil of COVID-19, it can be especially challenging for startups, entrepreneurs and small businesses to navigate new regulations, social distancing guidelines and the impacts of an economic downturn, writes Monica Wulff, WeWork Labs manager. With many companies now working remote, some for the first time,… Read more »
UNSW Business School is working with PwC Australia and KPMG Australia to help small businesses navigate their tax obligations and the relief available amid the COVID-19 pandemic. UNSW Tax Clinic is offering free, independent and confidential tax advice for people and small businesses in genuine financial distress, as part of an ongoing initiative with professional… Read more »
The Business Events Council of Australia (BECA) has released new figures revealing the Australian economy is set to lose $35.7 billion in direct expenditure over the next 12 months, as nearly all business events scheduled for 2020 (96 per cent) are cancelled or postponed due to COVID-19. The events industry has been one of the… Read more »
Queensland ‘Small Business Champion’ Maree Adshead has been appointed as Queensland’s Small Business Commissioner. The role was created to temporarily provide much-needed advocacy for small business owners as they struggle to remain trading during the coronavirus crisis. The state’s SMBs will now have a single point of contact to negotiate on their behalf during disputes.… Read more »
Surviving the COVID-19 pandemic has become the major concern of small business owners according to the latest COVID-19 SME Weekly Research Tracker. The number of small to medium Australian businesses that are very concerned about their survival has jumped from a third to 41 per cent.
Cloud accounting solution Xero has announced a range of key updates to its product to make it simpler for small businesses to apply for JobKeeper and manage the ongoing reporting process. The update will allow small business owners and their advisers to easily calculate their change in revenue over a chosen period of time to… Read more »
Weekly business news and insights, delivered to your inbox.
