Finance
  • July 10 2020 Two actions SME owners must master as end of JobKeeper approaches

    As end of JobKeeper approaches, here’s two essential actions small business owners must master to survive 2020.  This July sees one of the toughest starts to a new financial year in decades, with small business owners bearing the brunt of the impact. Scottish Pacific CEO Peter Langham said as business owners put together new contingency Read More…

  • July 9 2020 Finding money to rebound from the pandemic

    Between the bushfires and the pandemic, many Australian companies have experienced a significant drop in revenue and have had to make employees redundant. Although JobKeeper has enabled them to keep some of their people employed, the program is scheduled to end in September. Even if it continues at a reduced level of funding, CEOs who Read More…

  • July 9 2020 Australia’s recession: How will the economy bounce back?

    It’s been almost 30 years since Australia last experienced a recession and almost 10 years since the country recorded a negative GDP growth, which was back in 2011 when the Queensland flooding and Cyclone Yasi hit. With the latest downturns in Australia’s quarterly GDP reports, as well as the economic effects of the pandemic, the future Read More…

  • July 7 2020 ATO ‘debtor crisis’ expected in September

    New research indicates that the Government might face a wave of ‘tax debtors’ within the Australian business community when the stimulus and wage subsidies end in September. This is because, even before the nationwide shutdown – when the economy was fairly healthy – 25 per cent of businesses could not find the cash to pay Read More…

  • July 3 2020 What is ‘sustainable’ investing? Buzzword or problem solver?

    What is ‘sustainable’ investing? Is it a buzzword used to lure socially-minded investors, or our best bet for tackling humanity’s greatest challenges? When executed properly, it’s more likely to be the latter. But before we dive into this growing trend, let’s first sort out the semantics since there are many terms used interchangeably (which don’t Read More…

  • July 2 2020 Setting the stage for success in the new financial year

    As we enter the new financial year, it’s clear the challenges of COVID-19 will be with us for at least several months more. Fortunately, there are technology solutions that can help small business during this difficult time. They can boost the likelihood of being paid promptly, reduce the compliance burden of tasks such as JobKeeper, Read More…

  • July 1 2020 Effective planning for the new financial year

    COVID-19 and the new financial year provide an opportunity to reassess and make changes to your business’ strategies and plans to make sure you are offering a sustainable value proposition that is relevant for customers, staff and the community. With COVID-19 negatively impacting two-thirds of businesses across all sectors, 2020 has been one of the Read More…

  • June 29 2020 How I got AfterPay Ventures to invest more than $10m in my business

    Founder of Play Travel Andrew Paykel talks about his startup journey, the new partnership with Afterpay Ventures and working alongside payments giant Afterpay. It’s been a fantastic journey for Play Travel, in the 5 years since it first launched in Australia, as LayAway Travel, its attracted some major players in the industry and opened the Read More…

  • June 19 2020 Positioning your business for recovery – Oracle Netsuite webinar

    Save the date: Thursday, 25th June 2020 | 12:30 p.m. AEST As the economy starts to reopen, every business needs to assess their situation and start planning for what’s next. Having a strategy to operate during periods of great uncertainty is important to help businesses adapt and make the right decisions. Join Oracle NetSuite, Hunter Read More…

  • June 19 2020 How SME owners can ride out the COVID-19 recession

    Australian SME owners are bracing for an imminent recession, inflicted by the global coronavirus pandemic. Our recent survey of SMEs revealed that, in response to the virus, 66 per cent are concerned that we will experience a recession in Australia, and 62 per cent believe the severity of this will be the worst downturn Australia Read More…

  • June 19 2020 Key factors in achieving a compliant, efficient month-end and EOFY

    The end of financial year (EOFY) is a time that many small and medium businesses (SMBs) dread. In addition to the complexities of JobKeeper, knowing every financial obligation and entitlement can become overwhelming, particularly if businesses are not overly confident in their books. Lost receipts, expense mistakes and inadequate record-keeping result in a stressful, potentially Read More…

  • June 5 2020 Should JobKeeper be extended?

    JobKeeper is the definition of policy made on the run. At the time, it was very important to roll something out quickly to cushion the full brunt of the economic fallout of COVID-19. However, now that the scheme has been running for a few weeks, and with recent developments around the scheme’s true cost, there Read More…

  • June 1 2020 2 in 3 businesses planned to purchase capital in FY21, should the asset write-off be extended?

    Research reveals that, before the outbreak of COVID, 2 in 3 businesses had planned on investing in capital in FY21, which asks the question of whether the asset write-off threshold should be extended further.  The figure comes from an independent survey of 261 Australian businesses – 88 per cent of which are SMEs – commissioned by Money.com.au, Read More…

  • April 24 2020 Coronavirus and End of Financial Year tax returns: What is affected?

    With only three months remaining for this financial year, small businesses might be wondering how the recent stimulus changes may affect their end of year tax. The government has introduced a range of measures to support businesses and employees through the crisis in response to coronavirus, to help small businesses that may have had to Read More…

  • April 23 2020 JobKeeper: The winners and the losers

    With JobKeeper now open for enrolments, many Australian businesses have jumped on board.  Worth $130 billion, the scheme is designed to help businesses affected by COVID-19 to cover the costs of their employees’ wages, enabling more employees to retain their jobs and continue to earn an income. Eligible businesses can receive and forward on $1,500 Read More…