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Like other time saving apps, tools designed to automate your booking calendar are a huge boon to busy small business owners. Put an end to time-wasting telephone tag and those endless back and forth emails with any of these 4 popular scheduling apps. Calendly Calendly is a popular app for consultants, coaches, solopreneurs, freelancers and other professionals who regularly book client meetings. With a clean intuitive interface, invitees can choose…  Read more

As the effects of COVID-19 continue to impact businesses across the world, the tendency is to cut costs and many people will look to pause their marketing as part of that. It’s a dangerous move as all successful businesses rely on new business and sales – and marketing directly impacts that. Here are some tips to work out an effective marketing budget post COVID-19. If you have any questions, please…  Read more

Great news this afternoon from Treasurer The Hon. Josh Frydenberg.  The instant asset write-off of $150,000 for small businesses with a turnover of less than $500 million will be extended to 31 December 2020. The instant asset write-off helps to improve cash flow for businesses by bringing forward tax deductions for eligible expenditure. The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets provided…  Read more

Change in business is almost always a good thing, but often poor management means that the workforce becomes disengaged and the change process painful. In the worst cases, this results in irreparable damage being done. It doesn’t need to be this way. Follow these nine steps and empower yourself to successfully lead your people through major organisational change. Understand the change Make sure you understand exactly what is changing and how…  Read more

Everyone has been affected by COVID-19 in some way, shape or form, especially small business owners. There is so much information out there and it can get really confusing to wade through it all. At Love Your Numbers, we wanted to help. So…we recently created an E-Book to roundup the information out there on COVID-19 Government Announcements and Business Updates. We developed the E-Book in the hopes it assists you…  Read more

Welcome back to our Weekly Digest. We hope you and your family are doing well. Read on for this week’s update. JobKeeper Key Dates The ATO’s website has a list of key dates relevant to JobKeeper which you might find handy. Not-for-profits and charities can find some JobKeeper information here also. If you are still wondering if you are eligible, or what schemes apply to you and your business, get…  Read more

When you own a small business, it’s vital you understand how money flows into and out of it. At a basic level, you need to know where your income comes from and what your expenses are. At a deeper level, knowing how money moves through your business can help you make strategic decisions about growth, invoicing, and debt management. The consequences of not understanding money can be drastic—poor financial management…  Read more

Welcome back to our Weekly Digest. We hope you and your family are doing well. Read on for this week’s update. Easing restrictions Last week we mentioned the government’s state-by-state roadmaps to relaxing restrictions. Most states have started their roadmap and as a result some businesses are gearing up to reopen. If it’s still a little while away for your business – hang in there, and please don’t hesitate to…  Read more

The World Health Organization declared the COVID-19 pandemic on March 12th. As I look at where we are now, it’s crazy to think how much has changed. Everyone has been affected in some way, shape or form, especially small business owners. There is so much information out there and it can get really confusing to wade through it all. At Love Your Numbers, we wanted to help. So…we recently created…  Read more

Hello for another week! We hope you are staying healthy and well. The big news late last week was the government’s three-step plan to relax coronavirus restrictions. It’s great news for our country and our economy – well done to everyone for playing a part in “flattening the curve!” Plans to reduce restrictions Each state will work independently to implement their own three-step plan, at their own pace. State government…  Read more

Have you got a COVID-19 Business Recovery Plan in place? Recent events have made a lot of people wonder what the future holds, both for themselves and for their business. This is the ideal time to stop and have a think about strategic business planning for the year ahead. Here are some tips to make that planning more productive. Get your team involved Business planning works best when it’s a…  Read more

In this week’s update, as well as some updates on government support for businesses, we’ve included a number of resources to help with navigating your business out of the dire situation we’ve all been in. No doubt there are still tough times ahead but there are many reasons to be hopeful and we’re here to help you through it all. JobKeeper The first JobKeeper payments are expected to flow this…  Read more

Most small business owners face a time in their career when they have to communicate in ways or about topics they aren’t comfortable with. COVID-19 has put small business owners in the position of having many conversations that are uncomfortable and stressful. Whether you’re communicating with employees about business issues during the pandemic, hoping to negotiate a rent reduction or changes to credit terms, or asking customers for help in…  Read more

$10,000 grants for NSW businesses On Friday 3rd April the NSW state government announced $10,000 grants as fast relief for NSW businesses that need it most. The new assistance scheme is for businesses struggling to cope with the COVID-19 shutdown, and is based on a similar scheme rolled out during the bushfires. Premier Gladys Berejiklian said the “grants will provide a big boost, and we will make the application process…  Read more

We’ve teamed up with the company that helps with our website and marketing to bring you a free webinar on how to market and sell remotely. They’ve been 100% remote for seven years but have built a global business and they want to share how they did it with you. I’ve attended webinars from them in the past and they are always practical and useful. They are going to cover…  Read more

The COVID-19 pandemic is impacting nearly every aspect of our lives and will be remembered as a pivotal time in history. Like any other event that impacts the world, we don’t know what the future will be like, but we do know that the other side of this will require resilience and creativity from all of us. In the spirit of resilience, we have put together some useful resources to…  Read more

The COVID-19 pandemic has proven challenging for many small business owners. It’s difficult to run your business remotely, especially if you’re not set up to do so. If you run a business that requires customers or clients to come to you, you might be very concerned about how you can continue to operate without opening your premises. If you have access to technology, are adaptable, and are willing to look…  Read more

While everything is moving so quickly, it’s easy to feel a bit lost. Business may or may not return to normal after the Coronavirus and you need to be prepared for that. The best thing you can do right now is to plan. If you don’t have a solid plan for your business, you might miss out on some good opportunities, or get left behind as businesses across Australia adapt…  Read more

Here at Love Your Numbers we have developed this handy little Excel Spreadsheet to help us track the number client payrolls we deal and ensure that all their employee payments will fall within the correct JobKeeper fortnights from 30 March – 27 September 2020. I’ve shared this template with colleagues & clients and they have all breathed a sigh of relief If you are having trouble keeping this all clear…  Read more

The ATO has just released Alternative Tests for the JobKeeper payment which expands eligibility from the initial basic test. This is good news for many businesses, particularly startups, those affected by last year’s droughts and those with variable revenues. Basic Test If you satisfy the eligibility requirements for the basic test, you can ignore the alternative tests below. The basic test is satisfied where your projected GST turnover for the…  Read more