Can employers mandate 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…
Read MoreLegislated review of super fund performance: best and worst funds revealed
Earlier this year, the Australian Prudential Regulation Authority (APRA) launched its annual test of superannuation fund performance. 13 funds that hold $56 billion have been put on notice, and members can expect a letter in the mail. The review is part of the Federal Government’s superannuation legislation reform to protect Australians from underperforming funds and…
Read MoreTax debt will impact your credit rating
Earlier this year, the Morrison government passed a new set of laws empowering the ATO to report business tax debts of more than $100,000 that are over 90 days late to credit reporting firms. This will impact a debt holder’s ability to get credit or finance on both a business and a personal perspective. This…
Read MoreCOVID-19 Grants Applications Deadline – 13th September 2021
The deadline for applications for COVID-19 State Government Grant is fast approaching – Monday, 13th September. This deadline is not likely to be extended as it only applies to businesses that were impacted during the first 3 weeks of lockdown after which the JobSaver payment was introduced. We have been busily assisting with the grant…
Read MoreCOVID-19: Business JobSaver program expanded
The joint NSW Government and Commonwealth JobSaver program has been expanded to further support businesses and individuals impacted by the extended lockdown. Here’s what’s changed: The maximum weekly payment has also been substantially increased, with employing businesses that maintain their employee headcount now able receive between $1,500 and $100,000 per week, up from $10,000, with…
Read MoreAdviceCo team doing things from a (social) distance
COVID has put a dampener on many events and traditions for all of us in Greater Sydney, including some of AdviceCo’s social traditions. The disappointment was real when we had to cancel our End of Financial Year lunch and monthly team meetings, but we weren’t going to give up so easily. With most of our…
Read MoreCommercial landlords and tenants: Changes to deal with rent stress
On 14 July 2021, the NSW Government changed legislation to support businesses that are financially impacted by the current public health restrictions, and to maximise the businesses that can resume normal operation as soon as this is over and restrictions lift. Landlords are prevented from taking any prescribed action against an impacted business for a breach of a…
Read More6 steps to your business crisis management plan
COVID-19 is the crisis that just won’t go away. From a business perspective, it is critical to factor the pandemic into business management, and it is, thankfully, not an onerous process at all. A good crisis management plan that is put into action will protect and promote your business. It may only take business owners…
Read MoreBest and worst stocks of FY21
The last Financial Year was the best since 1987 for Australian shares. A common trend of savvy investors is to sell off winning stocks as soon as the new Financial Year ticks over. This saves them paying tax a year earlier than if it is sold the next fiscal year. Equally, savvy investors bought up…
Read MoreLatest COVID-19 Grants, Loans & Financial Assistance
COVID-19 business grants comparison Use the Service NSW quick reference guide to compare the grants and work out which one suits your situation. 2022 Small Business Support Program If you’re a business, sole trader or not-for-profit organisation in NSW and you’ve been impacted by the Omicron wave of COVID-19, you may be eligible for a…
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