Blogs
That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
So while we’ve all been giving our attention to the Jobkeeper legislation we are forgotten the initial piece of legislation that the government called Cash Boost which is misleading because they don’t actually give you any cash you are just saved from paying PAYG.
The Government will provide tax-free cash flow boosts of between $20,000 and $100,000 to eligible businesses, delivered through credits in the activity statement system, when eligible businesses lodge their activity statements.
There will be new updates no doubt, and even Your Business Angels has found a group that has been left out in the cold and we will go into bat for them over the weekend.
Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees.
Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees.
What’s on offer from the state governments seems much clearer that wading through Jobkeeper process. There is some variation between the states, but states have a combination of cash money, refunds, deferments and support that is helpful to especially small businesses.
The Stimulus Package for Individuals The government Has released several packages for individuals, and this is a summary and some of our thoughts about them.
Still needing to get Jobkeeper organised – struggling contact us at Your Business Angels – need accounts completed so you can claim? Its all overwhelming we will take care of it.
Your Business Angels need to not only make sure that we have our clients receiving all that is available in direct support but also prepare our business clients for what is ahead, a strange mixture of difficulties and opportunities.