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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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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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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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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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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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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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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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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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