Payment terms to small business have become a contentious point and grabbed the attention of Parliament to intervene. Helping small businesses get paid on time has been a key focus for Parliament and in October 2020 a bill was passed to help bring this to the forefront. Here is what you need to know.
It’s been well documented that effective cash flow strategies are the lifeline of any business and whilst the term “unprecedented times” has now become a part of our daily vernacular, the uncertainty over this pandemic has no doubt caused stress to small business owners across Australia.
It’s the new financial year and many businesses across Australia have had their challenges. Last year presented ordeals NO ONE could have predicted, but it’s important to reflect on the things that worked, things that could’ve been done better and how the recent government stimulus incentives affect end of year tax.
With tensions between economies during COVID-19, supply chains across the Asia Pacific region are sure to be disrupted with Australia undoubtedly feeling the sting. When trade sanctions threaten Australian interests, it is natural to want to protect our onshore businesses.
Anticipating, preparing, and responding to unforeseen events, such as COVID-19, is a strategy must for businesses. But how can business owners prepare themselves? And what makes for a good strategy in highly uncertain business environments?
The Australian Government JobKeeper Payments are a lifeline for many businesses across many industries, but navigating through the information that is relevant to your business can sometimes feel like you are going down a rabbit hole. We’ve put together the most Frequently Asked Questions by Timelio Customers.