Life after COVID | Part 4: Working with your advisor

StuartCOVID19, General

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  Welcome to the final part of our 4-part video series, arming you with the tools you need to prepare your business for life after COVID. Business advisors are a dime a dozen, but at 542 it’s our approach that makes us uniquely different. And in business: different is good. As we approach 2021, it’s more important than ever before to … Read More

Life after COVID | Part 2: Managing cash flow post COVID-19

StuartCOVID19

Life after COVID Part 2

Welcome to part 2 of our 4-part video series, arming you with the tools you need to prepare your business for life after COVID. Ordinarily, the festive season can present a number of challenges for business when it comes to managing cash flow. With the added decrease in Government stimulus for many businesses, it’s more important than ever to budget, forecast … Read More

Life After COVID | Part 1: Accessing Government Stimulus

StuartUncategorized, COVID19

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Welcome to part 1 of our 4-part video series, arming you with the tools you need to prepare your business for life after COVID. To help manage the economic impact of the Coronavirus on businesses, the Government continues to provide financial support to businesses affected by COVID-19. This week, we discuss the Government stimulus packages and what financial assistance may be … Read More

The end of JobKeeper: is your business prepared?

StuartCOVID19, General

The end of JobKeeper is your business prepared

The extension of JobKeeper, came as a welcome relief for many business owners. In an attempt to reduce the number of employees receiving more money than they previously earned prior to the pandemic, the overhauled scheme came with strict new rules. Centred mainly around who qualifies, meaning businesses are now required to complete more frequent turnover-reporting to prove ongoing financial distress. Surviving, … Read More

Are you ready? JobKeeper 2.0 changes coming into effect

StuartCOVID19, General

Are you ready? JobKeeper 2.0 changes coming into effect

Last month, in response to the worsening economic conditions in Victoria due to the Stage 4 restrictions, the Federal Government announced further changes to the JobKeeper program. As part of the announcement, it included new requirements for eligibility as well as gradually reduced payments for employees. Keeping up with JobKeeper At a glance, the major changes to the scheme included: the extension of … Read More

JobKeeper 2.0: NEW Requirements

StuartCOVID19, General

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From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an actual decline in turnover. From this date, the JobKeeper payment rate will reduce and split into a higher and lower rate based on the number of hours the employee worked in the 4 weeks prior to 1 March 2020 or 1 … Read More

Small Business COVID-19 Recovery Grant

StuartCOVID19, General

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As you may be aware, Service NSW is offering a Small Business COVID-19 Recovery Grant from $500 and $3,000 which open today, 1st of July, and close on the 16th of August 2020. To be eligible for this grant, you must meet the following criteria as of 1 March 2020: Be a small business or a not-for-profit organisation based in … Read More