May - 2021

Supplier Dependence – A Silent Assassin

Something that's often overlooked by small business owners which can create significant business risk is a reliance on suppliers. When I say suppliers, I'm not just talking about suppliers of products, but also suppliers of services, even suppliers of referrals or suppliers of software you might need for your business. Anything that your business is dependent on, that you use in your business. Business owners often make the mistake of assuming that those things will just cont

2021 Federal Budget Takeaways

The Federal Government has recently unveiled its 2021-22 Federal Budget, being its second during the COVID-19 pandemic. Unlike the previous Budget, however, there were no major incentives introduced. Instead, several key incentives have been extended due to the high level of success achieved from their introduction. Below we have outlined the relevant tax incentives, (both newly introduced and continued), for your reference. Individuals: Individual income tax rates remain unc

Small Business opportunities Post JobKeeper

Unless you have been in a coma or living under a rock for the last 12 plus months, the COVID-19 pandemic has caused a few little mishaps around the business community to say the least. And one of the responses from the government was JobKeeper. JobKeeper was a government support system that allowed, basically, a significant portion of wages to be funded, to keep employers keeping their employees in place. And it was quite generous, probably about 80 to 90% of small businesses