Following a meeting of the national cabinet, the prime minister Scott Morrison says Australia has made real progress in the past month on getting the virus under control and getting economic support in place for Australians. “Our attention as a national cabinet is now turning to the road out and that road to recovery on… Read more »
CPA Australia, Chartered Accountants Australia and New Zealand (CA ANZ), SMSF Association (SMSFA), Financial Planning Association (FPA) and Institute of Public Accountants (IPA) have joined forces to ensure Australians can get the advice they need to understand the Federal Government’s COVID-19 economic packages, including early access to their superannuation. Thanks to a decision handed down… Read more »
Australia is set to hit double-digit unemployment rates for the first time in 26 years. The Treasury reports the partial economic shutdown has put more than 700,000 Australians out of work with estimates the figure will rise to one million before the end of the June quarter. As a result, the nation’s unemployment rate is… Read more »
City of Melbourne Council is offering a range of grants to the tune of $5million to assist small business and not for profit organisations during the COVID-19 crisis. The majority of grants are to assist business owners to invest in online and e-commerce capabilities, take part in training and professional development, and undertake capital works.… Read more »
The NSW government has announced a raft of new measures aimed to relieve the pressure on commercial and residential property owners, with a $440 million land tax relief package announced on Sunday. The measures apply to commercial leases where coronavirus has caused a tenant is in financial distress, including shops, cafes, gyms, hairdressers, restaurants, offices,… Read more »
The NSW death toll has risen to 23 with Health Minister Brad Hazzard confirming a 91-year-old woman with pre-existing health conditions succumbed to the virus overnight. Hazzard also reported there were 44 new diagnoses overnight taking NSW total to 2857. The news comes as the state prepares to release 1100 people from the city’s hotels… Read more »
One of Australia’s most successful mentors of young entrepreneurs, Amanda Rose, is offering the nation’s women in business and female entrepreneurs free online upskilling sessions to help them survive and thrive during the coronavirus crisis. Launching on the 15th of April, Small Business Woman Australia will start 30 weeks of free online up-skilling sessions. In… Read more »
Small businesses struggling to cope with the COVID-19 crisis do not have to suffer alone, with the new and improved My Business Health offering dedicated holistic support to employers and sole traders. The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the My Business Health web portal has been re-designed to walk small… Read more »
To help small businesses keep afloat through and after the COVID-19 pandemic, City of Sydney council has released an additional $2 million funding for its small business grants program. The grants are available to local small businesses including for-profit arts enterprises that employ between 1-19 full-time staff. Sole traders may be eligible for the quick response… Read more »
The federal government’s third tranche of stimulus which focused on the JobKeeper payment has passed parliament. Small businesses, including sole traders, with an annual turnover of less than $1billion whose revenue has dropped by 30 per cent or more will now be eligible for the subsidy. The flat payment of $1500 per fortnight per eligible… Read more »
New research by lend.com.au has found four out of five business owners do not believe the major lenders will deliver on the government’s SME Guarantee Scheme fast enough for their business to survive the pandemic. 7o per cent of businesses surveyed said they need the loans approved in order to stay afloat, while almost a… Read more »
If you are one of the millions of Australians now working remotely due to the impact of the coronavirus crisis, there is one upside… The ATO has made it simpler for you to claim your work-related expenses. The new arrangement will allow people to claim a rate of 80 cents per hour for all their… Read more »
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