COVID-19 Business Update – 25 June 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Second Round of Cash Flow Boosts If you received initial cash flow boosts, you’ll automatically receive additional cash flow boosts when you lodge your activity statements for each monthly or quarterly period from June to September 2020. The amount will be equal to the total amount of…  Read more

What have you learned from COVID-19?

If you’re like many small business owners you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-a-lifetime scenario, the truth is there is a lot in life and in business that is uncertain, and there is a great deal we can learn from the response to COVID-19 to help plan for the future. Yes, your…  Read more

Questions to ask as your small business recovers from COVID-19

As small business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to make to keep your company operational through future economic downturns. It’s not always fun to do this sort of examination, but the answers to these questions…  Read more

Here to help as you reopen your business

It’s great to see more and more businesses are able to reopen now, but it doesn’t mean everything is back to normal. There’s still a lot of uncertainty around what business will look like and how long it will take to “bounce back”. With so many unknowns, we want to let you know we’re here to help. We can help you develop a plan to reopen your business safely and…  Read more

How to work out an effective marketing budget post COVID-19

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

Asset Write off Extended for Small Business

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

9 Steps to Leading People Successfully through Major Organisational Change

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

COVID-19 Government and Business Updates – Free E-Book

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

COVID-19 Business Update – 27 May 2020

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

COVID-19 Business Update – 20 May 2020

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

COVID-19 Business Update – 13 May 2020

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

What’s your COVID-19 Business Recovery Plan?

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

How to communicate during a pandemic

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

$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

How to market and sell remotely – free webinar

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 latest JobKeeper + COVID-19 News

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

Ways to run your business if you can’t open your premises

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

Do you have a plan for the next phase of your business?

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

JobKeeper Alternative Eligibility Tests

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

This week’s COVID-19 updates

We’re back for another week! Hopefully you had a nice Easter break. Many of us are adjusting to a new normal of staying home as much as we can, while finding a groove with working remotely, if that’s an option. The government is putting together financial resources to support small business, and many other businesses are doing what they can to help business owners keep the lights on and maintain…  Read more

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