In light of outbreak of COVID19 and the uncertainty we are all facing day to day, we want to make sure we are giving you the best possible support.
As a small business owner, your priority right now is to keep the business afloat during these difficult times. It’s vital that you build a cash ‘war chest’ which allows you get through the coming months.
Government Stimulus Package – Planning is VITAL!
The Australian Government has just released a $17.6 billion economic stimulus package. The package has been marketed as a measure to protect the economy by maintaining confidence, supporting investment and keeping people in their jobs.
Boosting Cash Flow for Employers
This measure will provide up to $25,000 back to business, with a minimum payment of $2,000 to eligible business that employ staff. The payment will be tax free.
Supporting Apprentices and Trainees
Eligible employers can apply for a wage subsidy of 50% of an apprentice or trainees wage paid during the 9 months from 1 Jan 2020 to 30 Sep 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer.
We can assist you with opportunities to restructure the business so that you can receive the maximum cashflow assistance amounts. If you have not already engaged us for cashflow and business planning session, we strongly recommend you contact PRIOR to preparation of your March BAS to ensure you take the full advantage. Contact us TODAY on 1300 668 088
Business Loan Relief
The Australian Banking Association has announced on 20th March that the Big 4 Banks will be offering repayment holiday to small businesses on their small business debts. The advice at this stage is that you will start hearing from your bank from Monday 23rd of March.
Business Continuity Planning – Complimentary 30 minutes Web Meeting
As a business owner, now it’s the time to work ON your business to plan for employees being away from your workplace, shortage of supply, reduction of sales, and the possibility of your workplace being closed for a short period of time.
We have developed a COVID-19 Business Continuity Plan that will address the critical areas that affect you. We would like to meet with you to discuss the following:
· – How to pay bills if sales start to decrease
· – How to communicate clients and employees in a positive and reassuring way
· – How to keep things moving with your business
· – Cashflow
· – Funding
We might not have all the answers, by working together you will be well prepared for what will happen in the weeks and months ahead.
Contact us TODAY on 1300 668 088 to book your complimentary 30 minute meeting.