Are you ok?

Are you OK? I am checking in with all the business owners out there to see how you are going at the moment. It is a very tough economic climate at the moment and we are already starting to see businesses needing to close down because the business just isn't there or due to lockdowns. Another issue is not making enough income to cover the rent. How are you doing at the moment? I am a bookkeeper and I am helping small businesses at the moment to navigate this whole thing by making sure their bookkeeping and compliance is up to date so that they can get help with disaster packages. The number ONE thing you will need to get access to stimulus packages, help from banks with deferring/freezing rep

Keeping your cashflow strong in tough times

Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make sure you have a clear picture of your payroll, and any other planned expenses that will need to be accounted for. If there’s even a possibility that there could be a shortfall, it’s essential to meet this head-on. Whether this means talking to your supplier or creditors to figure out an arrangement, or compromising on other business outgoings, you must make a plan to ensure that the business, or your staff, won’t suffer.

Social distancing: Running effective online meetings

In unprecedented times, businesses must adapt to remain productive. If face-to-face meetings are a key part of your daily business operation, here are some tips to take your meetings online with minimal disruption. Find the best system for you. There's a range of free or low-cost platforms, including GoToMeeting, ezTalks, Join.me, Zoom, Google Hangouts, and TeamViewer. Before you choose one, consider: How many people generally attend your meetings? Do you require screen share functionality? How many meetings do you run? (If it’s a lot, a small monthly subscription may pay off due to better functionality) Schedule your meeting. Depending on your chosen system, consider how you schedule your

Scott Morrison unveils additional stimulus and support measures

Prime Minister, Scott Morrison has announced an additional stimulus package, taking the value of the total support to $189 billion. Acknowledging that the coronavirus pandemic may continue for some time and have long lasting impact on the livelihoods of Australians, the PM announced a raft of new support measures. Details of the new package: Support for businesses - eligible businesses and not-for-profits, with a turnover of under $50 millions and who are employers, will receive up to $100,000 (with a minimum of $20,000). This is an extension to the ‘boosting cashflow for employers measure’ which aims to keep employees in work. Employers will receive a tax free payment equal to 100% of wages

Remote working: how to get your business ready

In a crisis, the ability for your staff to work remotely could, quite literally, be a lifesaver. But how do you set up your team to become remote workers? And what are the key considerations to think about when working remotely in the cloud? Key considerations of remote working 61% of global companies currently have some sort of remote working policy for their staff, according to a 2019 survey. But for remote working to be effective, your business needs to put some serious thought into the infrastructure, security and culture around home-working. Use the right cloud-based software tools and IT hardware – if remote working is to be effective, you need the right hardware and software to get yo

Staying Safe

Like you, we are monitoring the latest news on the coronavirus. We are committed to providing continued service and we will be keeping you up-to-date on any tax relief and stimulus packages that may be relevant in your business. What you should do in your business Minimising the spread of any illness at work is a good practice for your team and your customers. We recommend you communicate with staff and customers on how you are preparing. Like Infuenza, Covid-19 symptoms include runny nose, sore throat, cough, fever and in severe cases, difficulty breathing. Talk to your team about: Washing hands thoroughly and drying them well Keeping workplace surfaces clean Staying at home if they are sic

Covid-19. Financial Support for Australian Businesses

Whatever your business, it’s likely that Covid-19 will be impacting you. You may be dealing with stock shortages, exporting issues, disrupted travel plans or a sales downturn due to tourist drop off. As the situation changes and develops across the world, it's important that businesses develop a workplace response to coronavirus. You’ll want to have a plan on how to look after or protect your staff, how to manage sick leave and self isolation plus consider issues around privacy. The Australian government has announced a $17.6 billion economic stimulus package, with the goal to support Australian’s health, jobs and livelihoods and set up Australia to bounce back. The stimulus package to suppo

Covid-19 Advice for Employers

The Covid-19 local and global situation is changing daily and the impact on business, and particularly employers is now a reality. Employers are facing unprecedented changes to the way of working, and many employers are having to do this with little or no preparation for such adversity. The Fair Work Ombudsman has updated their information on Coronavirus and Australian workplace laws to provide advice to employers on managing the situation. The advice is general in nature and reminds employers that the usual provisions of the Fair Work Act apply. It is important to note that the Fair Work Act does not have specific provisions or rules for a situation like this, that has such an unforeseen ef

Providing Disaster Relief for Australian Bushfires

Australia is in the midst of an unprecedented fire season that has affected millions of acres, destroyed thousands of structures, and claimed dozens of human lives. The so unique Australian wildlife is affected even worse with a preliminary estimate suggesting that almost a billion wild animals are affected.

At Grand Financial solutions we are supporting all those affected by the bushfires through our Making An Impact program. When you choose to do business with us we will make a donation on your behalf. You will plant one tree to restore the unique Australian flora and the rest will be split equally between helping restore affected communities through BlazeAid and treating injured wildlife with the help of the Australia Zoo Wildlife Warriors.

Together we can make a difference. 

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Jo Grandovec, Credit Representative Number 487529
My Local Broker Pty Ltd, ABN 16 616 420 378 Australian Credit License 481743