Month: August 2023

Are you in search of support to establish and maintain a tenancy within the private rental market? Research Housing Pathways, where you can access a range of private rental assistance options. Eligibility criteria vary for each option, offering diverse pathways to assistance. In most cases, Australian citizenship or permanent residency and residency within NSW are prerequisites, with a few exceptions. Rent Choice This subsidy aids in covering your rent for a period of up to three years. Financial relief is available if you’ve faced significant setbacks such as illness or job loss, if you’re seeking refuge from domestic violence, if …

In the dynamic world of small businesses, the pulse of success beats to the rhythm of cash flow. The ability to accurately identify and understand cash flow trends is a skill that can make or break a business. This article sheds light on the importance of recognising cash flow trends and offers insights into how small business owners can navigate their financial journeys with confidence. The Cash Flow Lifeline Cash flow serves as the lifeblood of any small business. It’s the movement of money in and out of your business, encompassing revenues, expenses, and investments. Understanding how these components interact …

As the looming deadline of August 28th approaches, it’s that time of the year again to ensure you’re on top of your financial obligations. Specifically, if you’re in an industry that involves engaging contractors, you might need to lodge a Taxable Payments Annual Report (TPAR). This report is a crucial requirement for businesses in various service sectors to declare payments made to contractors. These sectors include building and construction, cleaning, courier and road freight, information technology (IT), as well as security, investigation, or surveillance services. To ensure a smooth and hassle-free experience with your TPAR lodgment, it’s essential to steer …

In the bustling world of business, where innovation and growth are celebrated, the foundation that often goes unnoticed but remains indispensable is Human Resource (HR) policies. These policies are more than just a set of rules; they are the backbone that upholds the values, culture, and operational efficiency of an organisation. Below,we delve into the profound importance of HR policies and how they shape the trajectory of businesses towards sustainable success. Ensuring Legal Compliance Operating within the legal framework is not a choice—it’s an obligation. HR policies act as the compass that guides organisations through the intricate maze of labor …

In the world of finances, staying informed is crucial. Here’s the latest on the ongoing issue with Pay as you go (PAYG) instalment variations. The Issue The ATO are addressing an issue affecting PAYG instalment variations. Rest assured the ATO is actively working to resolve it swiftly. Action Steps If you’ve recently lodged a variation on your activity statement after June 16, it’s advisable to review your statement before your next lodgment. Ensure accuracy, especially if you’re a quarterly or monthly lodger with a statement period ending on July 31. You might need to re-input your variation details for correctness. …

In a bold stride toward supporting households and businesses in New South Wales (NSW), an innovative initiative has emerged – the National Energy Bill Relief program. With the financial year 2023-24 on the horizon, this program is poised to make a substantial impact on the lives of over 1.6 million households and 320,000 small businesses in the region. Relief for Those in Need The heart of the National Energy Bill Relief program lies in its commitment to assist those who are most in need. Eligible low-income households, pensioners, self-funded retirees, families, and caregivers are set to receive a one-time payment …

As a small business owner or sole trader in New South Wales (NSW), ensuring the safety of your workplace is of paramount importance. That’s why the Small Business Rebate initiative has been designed to lend a helping hand. In this article, we’ll delve into the details of the Small Business Rebate, how it works, and how it can contribute to making your workplace a safer environment. What’s the Small Business Rebate All About? The Small Business Rebate program has been tailored to assist small businesses and sole traders in NSW by offering rebates for purchasing and installing safety items aimed …

The start of a new financial year presents a golden opportunity for small businesses to reevaluate their financial strategies and set clear goals for the months ahead. Just as a roadmap guides a traveler to their destination, setting financial goals acts as a roadmap for your business’s success. Below, we’ll delve into the why and how of setting financial goals, empowering you to navigate the upcoming year with confidence and purpose. Why Set Financial Goals? Setting financial goals is not just a theoretical exercise; it’s a fundamental step towards achieving sustainable growth and success. Here’s why it matters: Clarity and …

A business plan is not just a document; it’s a roadmap that guides your entrepreneurial journey and lays the foundation for your venture’s success. Whether you’re starting a new business or seeking to pivot and grow an existing one, drafting a robust business plan is an essential step. **Why Does a Business Plan Matter?** A business plan serves as a strategic blueprint, outlining your business’s goals, strategies, target market, financial projections, and operational details. It’s a document that not only helps you clarify your vision but also demonstrates to potential investors, lenders, and partners that you’ve thought through your business …

The Regional Skills Relocation Grant is a valuable opportunity for businesses operating in specific industries in regional NSW. This grant aims to support economic growth by assisting businesses in attracting skilled workers to live and work in regional areas.  We’ll provide you with key information, eligibility criteria, and details on how to apply for this grant to drive growth in your regional business. Program Objective: The primary objective of the Regional Skills Relocation Grant is threefold: 1. Support economic growth in regional NSW by helping businesses find and attract skilled workers to work in regional areas. 2. Fill regional job …