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What rising interest rates will do to business cashflow

wage increases

It is likely Reserve Bank of Australia cash rate will rise to circa 2.5% by the end of the 2023 calendar year. This will put significant pressure on small business cash flow. Business owners need to act now to stay ahead of the game. The reason for the interest rate increase is largely the current…

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Time for a business health check-up?

Dear Business Owner, How have you been feeling lately? Are you losing sleep, low on motivation, making lifestyle choices that you know aren’t good for your health but you’re so stressed you just don’t care? Your physical health is often a symptom of poor business health. If your business is not humming along soundly, it…

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Business steps to keep people safe and doors open

staffing

When restrictions eased in October 2021, hopes were as high as the vaccination rates. We were ready to ‘learn to live with COVID’. Then Omicron ripped through families, communities and businesses, challenging safety, staff and supply. How can a small business owner compete with Omicron in order to protect staff and consumers, and continue to…

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Business owners talk: “we’re stressed by cashflow”

cash flow

A survey conducted by Business NSW of more than 2000 businesses has shown that business confidence is low, and almost half are in major cashflow stress. The businesses were from a variety of industries, and across both metropolitan and regional NSW. Caused by the rollercoaster of mandated and shadow lockdowns, a fluctuation of restrictions and…

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Further changes announced: Payroll Tax

payroll tax

A note from the State Government: Payroll tax customers have the option of deferring their payroll tax payments until 14 January 2022. This is an extension on the first deferral date of October 2021. All customers are still required to lodge the 2020/21 annual reconciliation by the due date which has been extended to 14…

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Can employers mandate vaccination?

Vaccination

Many employers are requiring that staff be vaccinated in anticipation of easing restrictions. So, can it be mandated? Industries such as healthcare, aged-care, construction, education, early education/care and disability support services, as well as certain LGA’s of concern, are required by public health order to be vaccinated by certain dates. In this case, the vaccination…

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