Achieve Long Term Objectives, Operate More Efficiently, and Maintain Business Continuity With the Right Capital Structure Published: 9th September, 2020 Updated: 16th May, 2023 What is capital restructuring? Capital restructuring is an operational approach primarily used to deal with changes that impact a business’s financial stability. However, it can also be used to…
JobKeeper 2.0 Legislation—Passed JobKeeper 2.0 legislation has now been passed by the Senate on Tuesday, with minor amendments and extending the governments wage subsidy program by six months to 28 March 2021. This will replace the $1,500 a fortnight payment with a new two-tier payment rate from 28 September 2020. Treasurer Josh Frydenberg has highlighted that eligibility…
Innovation in Accounting and Business Planning – Event Highlights Thank you to everyone for tuning in, participating and asking insightful questions to our panel experts, Andrew Hirst, Xero Territory Sales Manager; Leon Stephan, Advivo Managing Partner; Dale Edwards, Advivo Partner and Chris Morris, Advivo Partner, at our second Lunch & Learn online event ‘Innovation in…
Increased eligibility for JobKeeper payments. For the second time in a fortnight, the Federal Government has announced further updates to the JobKeeper wage subsidy, to ensure businesses can continue to retain their employees under the economic impacts of COVID-19. The changes to eligibility criteria have a significant impact for all businesses and we encourage you…
Discussing the 4 Key Phases of the Coronavirus Business Cycle In part 1 of this series, I identified these phases and briefly discussed what we’ve seen throughout phase 1, along with some of the reasons for the various reactions and flow-on effects for business. I also discussed the importance of understanding the characteristics of…
Protecting Australians and the Economy From the Effects of COVID-19 The Government has acted swiftly and decisively to address the significant impacts of COVID-19 on Australia’s health system, the economy and jobs, by providing an unprecedented level of support to assist households, keep businesses in business and keep Australians in jobs. In the Federal…
Embracing Remote Work, Digitising, and Automating Payments Amidst COVID-19 with Xero Increasingly, businesses, both large and small, are moving to operate completely online/ digitally which enables them to have greater access to information, resilience to respond, to adapt, and to innovate which is key to setting yourself apart from your competitors so your business…
How Audit Activity Is Prevalent and Can Affect You in Response to COVID-19 The Australian Tax Office (ATO) has increased their compliance lockdowns and investigations on businesses, where organisations can be selected at random, even if your filed returns are accurate. With the introduction of JobKeeper and JobSeeker, the ATO has recently announced they…
You’re Invited! Innovation in Accounting and Business Planning Looking for the digital edge for your business? Join us for our second Lunch & Learn online event that will introduce you to innovative ways to improve your businesses efficacy and financial performance through the implementation of new technologies, AI and digitisation. Digitally transformed businesses are more…
Federal Government Updates on Jobkeeper and Jobseeker On 21 July 2020, the Federal Government announced an extension to the JobKeeper wage subsidy through to 28 March 2021 and a temporary boost to the JobSeeker unemployment benefit program. This initiative is obviously designed to allay fears of a significant disruption to business viability in September from the proposed cessation…
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