OUTSOURCING YOUR WORKFORCE OFFSHORE: Unpatriotic or Just Good Business ????
Are you in need of additional staff working from home during the COVID-19 crisis but cant afford to hire local talent? Many professional firms and SMEs are accessing the large talent pool of professionals from the Philippines, Vietnam and India to name a few. Many businesses are turning to outsourcing and are realising significant cost savings on your office space, equipment, and of course, salary expenses. Of course its not as easy as it sounds and there are pitfalls for the inexperienced. If you are thinking about outsourcing offshore give us a call and we can help you avoid those …
Business Culture
Research Study identifies key culture risks and impacts. Many businesses have invested years cultivating an effective culture – one that is both strategically relevant and that employees trust and value. Company culture facilities companies to attract and retain the right people to contribute to a strong and sustainable bottom-line. We’ve had a disruptive and challenging year that has changed many aspects of business operations particularly the way we interact and communicate impacting your company’s culture. Henry Reed, culture change strategists has recently released a Culture Research Study that identifies key cultural risks highlighting the correlation between who is responsible for …
MORE RULES TO JOBKEEPER 2.0
The JobKeeper Payment extension has now been registered for eligible businesses and not-for-profits until 28 March 2021. The changes take effect from 28 September 2020 and will see the introduction of tier 1 and tier 2 JobKeeper Payment rates for the periods: • 28 September 2020 to 3 January 2021 • 4 January 2021 to 28 March 2021. JobKeeper Payment rates for employees will change based on the total hours worked during their reference period. Tier 1 rate: eligible employees who worked for 80 hours or more in the four weeks of pay periods before either 1 March 2020 or …
REMINDER: NEWLY ELIGIBLE EMPLOYEES FOR AUGUST & SEPTEMBER JOB KEEPER FORTNIGHTS
Employers should claim JobKeeper Payments for any newly eligible employees when completing their August monthly business declarations. We have created a factsheet to explain the steps your clients need to take. From 3 August 2020, you may be able to nominate new employees as eligible for the JobKeeper Payment scheme. These new employees must have been employed by you on 1 July 2020 and meet other eligibility criteria. This can include employees that: 1) you employed after 1 March 2020 2) were employed by you on 1 March 2020 and did not meet the eligibility requirements, but do as of …
Apply now for the $3,000 Small Business Recovery Grant
The new Small Business Recovery Grant for up to $3,000 is now open for applications to help you rebuild your business. …
Business Resilience: Understanding Your Market
As accountants, we want our clients to build resilient and successful businesses. That means overcoming the challenges and pursuing the opportunities presented by current market conditions. Leaders of resilient businesses ensure they understand their market, especially the customers and competition. …
Could JobKeeper Lead to an ATO Audit?
Whether your business already employs apprentices, or you want to explore the benefits. Join the Business Australia discussion with Apprenticeship Support Australia to explore the incentives available and how onboarding apprentices can help your business. …
The Power of Price… Or Should We Talk Value?
If you’re a Bruce Springsteen fan, you might enjoy his song “The Price You Pay” (also covered by country star Emmylou Harris). Roger Daltrey of the Who sings “The Price of Love” while Twisted Sister released “Pay the Price” in 1999. The Doobie Brothers contemplate life in “Too High a Price” while the Thompson Twins think back to their youth in “The Price”. …
Business Resilience: Vision & Goals
As accountants, we strive to help our clients build resilient and successful businesses. In the current business environment, there are both challenges and opportunities. One component of resilience is to have a clear vision for the business. That means everyone should understand the business ‘destination’, the ‘why’ or the ‘rationale’ for the business. …
Self-Managed Super Fund Updated Audit Requirements
We hope you are well & safe and thank you for your continued support during this COVID-19 pandemic. As you may already know over the past few weeks, there are various measures that have been announced by the Federal and State governments to deal with this pandemic and to mitigate its financial impact. Some of these measures impact Your Self-Managed Superannuation Fund (SMSF) and the related audit requirements. …
