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21 Apr

Boosting cash flow for employers

The Government is providing temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during the economic downturn associated with the coronavirus. The Boosting cash flow for employers measure will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees. […]

19 Apr

JobKeeper Payment for employers and employees

Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy to continue paying their employees. The Government will provide a fortnightly payment of $1,500 per eligible employee until 27 September 2020. The JobKeeper Payment is a scheme to support businesses significantly affected by the coronavirus to help keep more […]

COVID-19 Stimulus Package (subject to pending legislation)

Income Support for Individuals Economic response to the coronavirus The Government is providing support for individuals to assist them during the next six months. Increased and accelerated income support Summary The Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 […]

24 Mar

COVID-19 Stimulus Package (subject to pending legislation)

Boosting Cash Flow for Employers The Government is enhancing the ‘Boosting Cash Flow for Employers’ measure it announced on 12 March 2020. The Government is providing up to $100,000 to eligible small and medium-sized businesses, and not for-profits (NFPs) that employ people, with a minimum payment of $20,000. These payments will help businesses and NFPs […]

08 Nov

Profit and Loss 101: for your business

An income statement (commonly known as a profit and loss statement or your [P&L]), is a critical tool to know as a business owner. It answers the most important question: Is your company profitable? Is it running efficiently? And what opportunities are there in identifying areas to focus on i.e. opportunities for increasing revenue and/or […]

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