Managing your team and environment during a crisis
Employers and employees are faced with more questions than there are answers when it comes to workplace arrangements in regards to coronavirus. We are supportive of the Government advice to prioritise the health and safety of Australians, and to keep the workforce ticking as best we can. Here are some guides from the NSW Business…
Read MoreMarket and Business Update #5 – COVID-19 & NSW Stimulus Package
Business to receive further support: Further to the $17.6 billion Federal Stimulus Package announced last week, the NSW Government announced this morning a second stimulus package that will apply to health and business industries. The NSW Government will inject $2.3 billion into healthcare, business and cleaning. $1.6 billion will go towards business, with the intention…
Read MoreMarket and Business Update #4 – COVID-19 & Federal Stimulus Package
Yesterday, The Australian Federal Government announced a stimulus package for the economy. This has significant relevance to the small and medium business sector. There are six key measures valued at $17.6billion – 90% of which will be paid to business and individuals between 31 March and mid-April. These include: Wage subsidies for Apprentices and Trainees…
Read MoreMarket Update #3 – General Advice
Market volatility continues. Here’s what we know now. As it stands this morning, the market has declined a further 7.8%. Likely triggers: COVID-19 continues to spread across the world. The share market is responding to the threat of further spread, as well as government policy responses. The US Presidential candidacy is underway, with Election…
Read MoreMarket Update #2 – Coronavirus and the impact on markets
In the past week or so, we’ve seen share markets fall on the back of growing concerns about the spread of the coronavirus. At times of heightened market volatility, it’s easy to fear how your superannuation and other investments might be affected, but it’s important to understand the nature of market movements before making any…
Read MoreMarket Update #1 – Coronavirus
Further to our recent market update email, the uncertainty that surrounds the coronavirus has impacted equity markets over the last week. While we can’t know the true extent or timeframe of this market performance and business landscape, there are number of important facts to note. What we know: The issue is escalating. The number of…
Read MoreInternational Women’s Day 2020
Shining a light on the wealth gap between men and women The theme of the 2020 International Women’s Day is: ‘An equal world is an enabled world’. We’ve reviewed the numbers and when it comes to women’s finance, ‘equality’ is far from the current status. Christine Hallowes is the Senior Financial Planner at AdviceCo. She…
Read MoreDirectors liable for more tax
Last month, the Government passed legislation to include GST in the Director Penalty Notice (DPN) scheme. This means that individual business directors can be held personally liable for unpaid GST from 1 April 2020. What is the DPN scheme? The DPN was launched by the Government to address underreporting by businesses on mandatory taxes and…
Read MoreA word from the NSW Business Chamber – Central Coast Natural Disaster Assistance
Following the severe storms and flooding over the weekend, a State of Natural Disaster has been declared for the Central Coast region. This means that assistance from NSW Government is available to businesses whose property and belongings have been affected. If your business has been affected, you may be eligible for funding assistance from the…
Read MoreWealth: Now is the time to revisit your investment strategy
An investment strategy – whether inside your SMSF, or more generally – is an essential part of securing a positive return. A strategy is a tangible document that outlines your goals and actions now and later. A considered and thoughtful strategy that is regularly reviewed is the best way to become better off. Goals –…
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