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The value of cashflow forecasting during a crisis

A business cash flow forecast is not a crystal ball. But it will give you vital business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position. Let's talk.

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Super Amnesty available to 7 September 2020

Do you have unpaid super owing to employees? Act now to take advantage of the super amnesty to avoid further penalties. Contact us to calculate and report your unpaid super during the amnesty.

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The JobKeeper Payment

The Job Keeper Payment aims to support businesses to maintain their income and their connection with employees. The payment will be $1,500 per fortnight per employee for up to 6 months. Talk to us about your business.

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Working from Home Tips

There is so much uncertainty in the world right now! Many people will be lucky enough to have the opportunity to continue their paid work, from the comfort and safety of their homes. We’ve put together some tips and ideas to ensure your productivity and work-life balance remains intact while you navigate these new life challenges!

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Federal Stimulus Boosting cash flow for employers

With the updates to stimulus packages from the federal government and separate stimulus packages offered from the QLD government it can be confusing to wade through all the information to work out what you are entitled to and how to apply for this. To make things as simple as possible during these uncertain times we have gone through the available packages and summarised each so you can see what is on offer and work out whether you will qualify.

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5 things you can do right now to protect your business in the current economic climate

It is important to take measures to protect your business to get through our current economic issues. Here are five things you can do right now, if you haven’t already.

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Centrelink support for Small Business Too

Small Business owners who have been forced to shut, or have seen their income reduce to below $1,075 a fortnight, should have access to the Centrelink Coronavirus Supplement. Read more on the answers to some common questions you may have.

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Banks provide Small Business Relief Package

Over the last few days banks have worked closely with Treasurer and the Government to identify measures to support the economy through this crisis. The message from the Australian Banking Association is “Small businesses can rest assured that if they need help, they will get it”. Banks are already reaching out to their customers to offer assistance and packages have started rolling out in full this week. read more for the measures that we are seeing being implemented by the major banks

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Managing Staff Through These Difficult Times

As we work through the effects of government policies being implemented and their effects on business, one of the many focuses will be on staff costs. What will your turnover look like over the coming months and how will this affect your staff cost base, and any need to reduce this? A good approach may be to plan for the worst, but hope for the best. This may include a review of all of your costs, and most likely whether your business needs to reduce staff costs.

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Social distancing: Running effective online meetings

Running online meetings is an easy way to ensure #SocialDistancing in these unprecedented times. Adapt to help stabilise #Productivity with one of these free or low-cost apps, including GoToMeeting, ezTalks, Join.me, Zoom, Google Hangouts, TeamViewer

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Keeping your cashflow strong in tough times

Weathering the storm? Small businesses are particularly vulnerable in tough economic times. We can help with strategies for healthy cash flow, so you can continue to thrive. #smallbusiness

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Remote working: how to get your business ready

In a crisis, we need to think differently. Can you set up remote working in your business? With the right software, systems, and training you'll support your staff and your productivity.

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Government Stimulus packages released to assist small business

The government is offering administrative relief with the ATO for certain tax obligations,including deferring tax payments up to four months. along with a stimulus package which included assistance for small business.

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Is your Business Prepared for Covid-19?

There has been no doubt a lot of confusion on what’s available to help small businesses amidst this unprecedented COVID-19 crisis. We understand business in Mackay will be affected and on different scales depending on the industry. We have been working with clients in the Tourism industry and Export industry who so far have been affected greatly. Read more below on some information on how to prepare.

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Where are you going?

Equally life throws so many competing priorities and pressures at us these days. At some point you are going to need some direction. That doesn’t mean a 50 page business plan necessarily but some sort of road map or framework will give you the best shot at getting what you really want. We see it all the time with clients when we ask why they are in business. The answer is usually very different to what they are doing and what they are actually getting.So stop it. Take the wheel.

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What is the real cost of discounting?

There are Christmas sales, Boxing Day sales, New Year sales,Easter sales, back to school sales, EOFY Sales. Great if you’re the buyer but should you offer discounts in your business?

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Annonymous Feedback

How often have employees come to you saying someone mentioned “an unmentionable” in the smoko room this morning or passing on feedback by the water cooler.

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Paying for Performance

Instilling a culture where your employees strive to do their best not only gives them an opportunity to continually grow but it always enables the business to perform.

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How to Maximise the Price on Sale of your Small Business

To achieve the maximum sale price on the sale of your business,careful planning needs to be undertaken from three years out

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New in Business – keep it simple?

Going into business for yourself can be daunting as you don’t know what you don’t know. Whenever we have new clients going into business for the first time we recommend some simple things to consider which will help keep them on track.

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How to Create a High Performing Team

Developing a high performing team is an essential part of any growing business, particularly during periods of high growth. I would like to share with you how we have been able to achieve this, allowing us to not only grow, have a happy and healthy workplace but also have a low staff turnover and provide our clients with the same friendly service.‍

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Entitlement to Personal/Carer’s Leave – Full Court rules on Test Case

If you are one of the majority of employers who has traditionally accrued personal/carer’s leave on an hourly basis with reference to a notional maximum of 76 hours per year, you will need to examine and amend your payroll system to ensure that each full-time and part-time employee is now accruing an entitlement equivalent to 10 “working days” per year.

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Changes to Payroll Tax from 1 July 2019

Did you know that if you are an employer who employ in Queensland and your Australian taxable wages exceed the payroll tax threshold of $1.3 million per financial year, you may be liable to pay payroll tax in Queensland.

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