Queensland tourism and hospitality operators facing significant financial hardship as a result of COVID-19 travel restrictions may be eligible for the Hardship Grant. Grants of up to $100,000 are available for a range of eligible tourism and hospitality operators. The $80 million program will support these businesses to continue offering a viable product and be […]
READ MORE2021 COVID-19 Queensland financial support
QLD COVID-19 financial support update Non-employing sole trader grant now available If you’re a non-employing sole trader that was financially impacted by a lockdown event, the Queensland government has made a $1000 financial support grant available to you. Applications are open now and will remain open until the 30 November 2021. For more information including eligibility […]
READ MORE2021 COVID-19 Business Support Grants for lockdown-impacted businesses in Queensland
Update 16 August 2021 Applications for the $5000 COVID-19 Business Support Grants will open at 12pm (midday), 16 August 2021 The grants will be available to eligible small and medium businesses and large tourism and hospitality businesses across Queensland affected by the August 2021 COVID-19 lockdowns. For all the information, visit the Queensland Government grants […]
READ MORENSW Government COVID-19 support package
Update 28 July 2021 NSW’s COVID-19 lockdown will go for at least another four weeks, prompting the state and federal governments to announce more financial lifelines for businesses and individuals. Here’s what you need to know: As of next week, the COVID-19 Disaster Payment will be boosted from $600 to $700 each week if a person […]
READ MOREBusiness Basics Grant
The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. This support includes funded activities in 5 priorities: Professional business advice Business continuity and succession Training and coaching Website build or upgrades Strategic marketing services Business Basics Grant Program – Key Details Eligible business size:Â Â Â Â Small […]
READ MOREBudget 2021-22: The Balancing Act Budget
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget on 11 May 2021. This was possibly the most anticipated budget in history as the government outlines its plans for economic recovery post-COVID. THE BIG NUMBER: Good news is Australia has experienced a stronger than expected economic recovery from the COVID-19 recession. This […]
READ MOREWhy are some businesses able to innovate while others can’t?
Identifying and embracing new ideas is a challenge for many businesses, especially those businesses who have not made this a key focus of their culture. This can be a major source of frustration for business leaders who realise that in order for the company to be as successful as it can be, it must be […]
READ MOREBoost your business with instant asset write-offs
One of the measures announced in the 2020-21 Budget was the temporary immediate expensing of depreciating assets. These rules allow businesses with an immediate deduction of 100 per cent of the cost of eligible depreciating assets. When is the eligibility period? The rules apply from budget night 6 October 2020 and will run through until 30 June […]
READ MORETransfer Balance Cap Increase
From 1 July 2021 the Transfer Balance Cap* (TBC) will increase by $100,000 from $1.6M to $1.7M. However, only members who have not yet commenced a pension will be eligible for the full increase with a new cap of $1.7M. If you have an already established pension, you will receive a proportional increase based on the unused […]
READ MOREWorking ON your business… not IN your business
Many business owners become frustrated when their advisers don’t understand them or their business as well as they would expect. Whilst many business owner’s goals are similar, from an adviser’s perspective, there is such a wide variety of both long-term and short-term objectives that business owners have. Overlay these with the differences each business owner […]
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