From Survival to Resilience: Shifting the Focus
Business survival has been a popular topic in recent weeks but businesses are shifting their focus to resilience. What does it take to build businesses that can survive AND thrive in the longer term… while insulating them from a recurrence of recent events? It’s not about picking up where we left off because what worked in the past may not work in the future. Let’s take a look at the attributes of resilient (or sustainable) businesses. …
Apprentice Wage Subsidy – COVID-19
This assistance will help businesses to retain their employees. The wage subsidy for apprentices and trainees will help to ensure the continued development of the skilled workforce. …
Relief for Renters
The State Government has announced $440 million in relief for renters and landlords affected by Government-enforced COVID-19 restrictions. …
Relief for Commercial Tenants…. Or Is It?
NSW commercial tenants significantly impacted by COVID-19 will have greater protection from evictions with the state government set to enact the National Cabinet Code of Conduct with $220 million of the $440 million land tax relief package. …
Relief for Landlords… Or Is It?
The Government aims to provide relief to landlords, by waiving land tax or providing a rebate of up to 25 per cent if they are accommodating tenants under financial stress. …
Managing (and Getting Help) Through a Business Crisis
Recent global events have tested the mettle of management and boards everywhere. Some businesses will emerge stronger and, sadly, some will cease to exist in their current form. Skilled leaders have a better chance of navigating adverse conditions so let’s look closely at some of those skills. …
JobKeeper Wage Subsidy – Changes to The Fair Work Act for Employers & Employees
The Federal Government has changed the Fair Work Act for employers and employees who have accessed the JobKeeper wage subsidy. The new laws override any modern award, enterprise agreement or employment contract. …
Important Fair Work Changes Impacting Your Business
The Fair Work Commission changes for Annualised Wage Arrangements are effective 1 March 2020. Employers who currently pay annualised salaries to full-time employees covered by certain modern awards must comply with new notification, record-keeping and reconciliation requirements. …
The Director’s Penalty Notice regime will be extended to include GST liabilities
The Director’s Penalty Notice regime will be extended to include GST liabilities, with legislation now passed parliament. Also, the legislation extends the regime for LCT and WET, taxes which are paid as part of activity statement lodgements. …
Using Data to Drive Decision-making and Build Businesses
There’s a lot of talk about data and how it will change the way we do business. That’s probably true… but some managers are not benefiting from data in their decision-making. Others are spending money on pricey systems in the hope of utilizing data. Results appear to be mixed. As accountants, we have had access to mountains of data for many years. Mostly it has been organized so that compliance obligations are met. …
