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4 reasons you must have a business plan right now!

Ideas

The purpose of business planning is not only to give you the light on the hill – the goals that drive your strategies and focus – but, importantly, to improve your financial return. In this unpredictable business environment, COVID can surprise businesses with a forced closure or limited mobility, disrupt supply and consumer trends, or…

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JUNE 2021: What’s new in the economic zoo

COVID-19 Grants, Loans & Financial Assistance

The National Australia Bank held an economic breakfast earlier this month to update us on the current state of play at a national level, as well as local Central Coast impact. Here are some of the key insights on investment markets from their Director of Economics and Markets. Australia’s recovery from the COVID crisis has…

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Financial management during relationship breakdown and divorce

Not only can it take a huge emotional toll on those involved, it is a defining financial event in life. A pragmatic approach to how you manage business and money when a relationship ends is an important step towards financial security. A good first step towards financial pragmatism and ultimately, independence, is to involve a…

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Federal Budget – interpreting the tax savings

Small Business Owner

Small businesses and individuals face a long list of tax legislation changes now and later as we venture into what the Federal Government has dubbed ‘Australia’s recovery’ from the economic impact of COVID-19. Here’s a snapshot of the major things you need to know, and some tips on how to stay smart and sharp with…

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Northern Beaches small business hardship grant

Northern beaches business

A note to our Northern Beaches clients and business friends from the NSW State Government: Your business could be eligible to receive the NSW Government’s Northern Beaches small business hardship grant. The one-off grant is available for eligible small businesses or not-for-profits impacted by the Public Health Order COVID restrictions last December. The first tier of $3000 is for…

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Keen to invest and not sure where to start?

investment decisions

Many Australians are feeling confident in the current market to invest, and you may be keen to get involved. If you’re starting out as an investor, the amount of information can be a little overwhelming. This article will help you to gather some general background information about the different asset classes of cash, property, shares…

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Federal Budget 2021/2022

2021 Federal Budget

On Tuesday 11 May 2021, Treasurer Josh Frydenberg handed down the 2021 Federal Budget on Tuesday, his 3rd Budget. The Australian economy has rebounded at its fastest pace on record over the latter half of 2020. Nevertheless, 2021-22 Federal Budget deficit is $161 billion, which is $53 billion lower than what was initially projected in…

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Give us a ‘V’

vaccine

‘V’ for vaccine and ‘V’-shaped economic recovery. The V-word has had a polarising and exhausting effect on the nation. No matter what your position, the health and economic implications are significant. In this article, we focus on the latter. The economic impact of a delayed rollout is an increased risk of spot lockdowns, and sustained…

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FBT – why all business owners need to report in May

Corporate gym membership - Fringe Benefit

Fringe Benefits Tax (FBT) is often a grey area of tax for businesses, albeit quite black and white for the ATO. It is not an optional payment or reporting responsibility. All businesses with employees are required to review and report Fringe Benefits paid up to 31 March to the ATO by 15 May. It is…

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