Other Small Business Tips to help your Business
Welcome to Wayne’s other small business tips to help your business.
These tips have been drawn from Wayne’s experience as a fully qualified Chartered Accountant for over 35 years including the last 23 years working with hundreds of startups, small and medium businesses as an Outsourced CFO and Business Advisor.
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Scroll below to search for the Small Business Tips that can help your business scale and grow profitably. Just click on the tip you want to look at.
Business Interruption Insurance for Covid-19 shutdown losses
You may have cover under your Business Interruption Insurance for losses incurred from enforced shut downs during Covid-19
Why the temporary safe harbour may be ineffective
If your business is currently in financial distress, a misplaced “and” in the legislation may mean the temporary safe harbour is ineffective
October 2020 Jobs Data
The ABS released the October 2020 Jobs Data today which shows nearly 179,000 more people were employed in October than September
Changes to Statutory Demands
Are you aware that changes to statutory demands on 31 December could increase the risk that a creditor commences action to close your business?
Why you may miss out on the JobMaker Hiring Credit
Factors outside the businesses control may mean that your business misses out on the JobMaker Hiring Credit. Read on to learn more.
1 November 2020 Pay increases
If you have staff employed under any of the listed awards, make sure you have applied the 1 November 2020 pay increases correctly.
Are you trading insolvent?
If you are suffering from financial distress and paying suppliers late, from 1 January 2021 onwards, you as the director may face civil and criminal penalties as well as being personally liable to pay back business debts. Today you have just 37 business days left to do something about this.
Why your business needs a 3 way forecast
Learn why your business needs a 3-way forecast – combination of cash flow, balance sheet and profit and loss
In Financial Distress? – Safe Harbour vs proposed new Debt Restructuring process
If your business is in financial distress, compare the new proposed debt restructuring process with the existing safe harbour laws
Does your business have unfair contracts?
Who wants to have a contract you may not be able to enforce? So it makes sense to ensure you don’t have unfair contracts.
What is Voluntary Administration?
If your business is suffering from financial distress, learn whether voluntary administration is right for you
Why the typical cash flow forecast template may be no good for your business
Learn why the typical cash flow forecast template may be no good for your business and what you should use instead
What is the proposed new Debt Restructuring Process?
Learn more about the new formal debtor in possession debt restructuring process announced by the Federal Govt recently.
What sporting clubs can teach business 2020
Do you think that sporting clubs can teach business a trick or two? Well I do. Read this to learn why i believe this
Watch out for this trap when calculating GST Turnover for JobKeeper 2
Watch out for this trap when calculating GST Turnover for JobKeeper 2 to prevent claiming JobKeeper 2 when you are not entitled too
September 2020 Jobs Data
The ABS released the September 2020 Jobs Data today which shows continued drain on the Australian economy of the enforced shut downs in Victoria
What is Safe Harbour
Learn more about the Safe Harbour Laws and how they can help save your business if it is suffering from financial distress
Invest in Yourself
What is the best investment you will ever make? Is it in shares, property, gold None of them. The best investment you can make is in yourself
How to understand the Safe Harbour Laws to avoid insolvency
Understand how to use the Safe Harbour Laws to avoid insolvency and keep the wall between your business liabilities and personal assets
Small Biz Matters Radio Show 22 Sept Safe Harbour Laws
Small Biz Matters Radio interview How to understand the Safe Harbour Laws to avoid insolvency and protect your personal assets
WFH will not be the new normal
Read why i believe WFH will not be the new normal
JobKeeper Extension Warning
JobKeeper Extension Warning – ATO Clarification of the Decline in Turnover test may adversely impact businesses who report GST on cash basis
August 2020 Jobs Data
August 2020 Jobs DataThe ABS released the August 2020 Jobs Data today which shows the stark divide between Victoria and the rest of the country. Across Australia 111,000 people returned to work in August with positive changes in all states except Victoria which had...
2 key metrics every business owner should know
Here is a recording of a part of a presentation I made a while ago talking about 2 key metrics every business owner should know
RUOK Day
On RUOK Day I want to share a great TED Talk by Amy Cuddy watched by tens of millions of people and it’s a free life hack about your posture
