Empowering SMEs

The final COVID-19 Survival Panel webinar for SMEs is being presented on Wednesday, 28th October 2020 at 12-noon AEST (1.00pm AEDT). The keynote presenters are Ashley Evans, Managing Director, AAA+ Financial Solutions and Peter Towers, Managing Director, ESS BIZTOOLS and ESS Small Business. In his presentation titled "Meeting The Financial Challenges Of 2020/21", Ashley Evans will discuss the...

Greetings from ESS Small Business – We hope you're starting to see some light at the end of the tunnel. Do you need an insight into research and development? The feedback that we're receiving is that many small business and medium-sized business operators have been using the work from home restrictions during COVID-19 to commence research and development activities on better ways to...

Greetings from ESS Small Business – We hope that you can see some light at the end of the tunnel. Worst Economic Position In Living Memory The Australian economy has been badly affected by COVID-19 Coronavirus, as indeed have the economies of most countries. The Australian Parliament has passed the extension to JobKeeper legislation at a smaller amount from 1st October 2020 to 3rd January...

Greetings from ESS Small Business – Our best wishes to all SMEs in Victoria.  We are thinking about you. Concerns About Business Funding From 1st October 2020 Onwards Whilst the Australian government has announced that the Coronavirus SME Guarantee Loan will be redrawn and applications enabled until 30th June 2021, a $1 million maximum loan for a period of 5 years, with the money being...

Greetings from ESS Small Business – Tradies' Charge Out Rates Review And Corporate Governance. In our next ESS Small Business COVID-19 Survival Panel webinar for small businesses and medium-sized enterprises, Kevin Thiele an experienced Management Accountant will discuss the concepts of establishing charge out rates for tradies so as to ensure that the: business activities involving...

Greetings from ESS Small Business – Calculation of turnover reduction for JobKeeper changed. The Prime Minister and Treasurer have announced significant changes to the JobKeeper program: From 28th September 2020, businesses will be required to reassess their eligibility for JobKeeper with reference to their actual GST turnover in the September quarter 2020, as compared to the September...

Want to learn more about ESS Small Business? (Click here) Greetings from ESS Small Business – Tax Ruling on JobKeeper and Research & Development. The Australian Taxation Office has issued a draft taxation determination relating to “Notional Deductions for Research and Development Activities Subsidised by JobKeeper Payments”. This ruling indicates that, under the “At Risk Rule”,...

Greetings from ESS Small Business – government clarifies ongoing support from JobKeeper and JobSeeker. The Australian government made a number of very important announcements this week, including the JobKeeper extension which, from 28th September 2020, will comprise 2 tiers with a reduction in the fortnightly payments payable to people who qualified at 1st March 2020. Tier 1 applies to...

Greetings from ESS Small Business – the challenges for business operators continues with the ever changing circumstances of COVID-19 coronavirus. The ever changing situation in Victoria and now New South Wales with Queensland imposing selective border restrictions targeting Victorians and Metropolitan Sydney is all highlighting a significant degree of nervousness for the business community....

Greetings from ESS Small Business – using a coordinated social media campaign and having an awareness of the equity fund raising available for small businesses are the key items for today. The situation in Victoria has created a significant wake-up alert to businesses all over Australia as well as governments and the general public. Businesses are going to need to develop strategies which...

Friday, 3rd July 2020 Want to learn more about ESS Small Business? (Click here) Greetings from ESS Small Business – "Strategies Include Systems and Adequate Funding for Your Business". A lot has happened in the last few months.  On 18th June 2020 the “Financial Review” published an article “Accountants Become the “Centrelink” of Business World” – “The accountant of the...

Greetings from ESS Small Business – Are You Planning Your Strategies for the New Financial Year? There is still a lot of debate about what the government is likely to do relative to a number of programs, including JobKeeper, as we approach the original deadline date of 30th September 2020.  The government has already announced changes to JobKeeper as it applies to the Childcare Industry...

Friday, 19th June 2020 Want to learn more about ESS Small Business? (Click here) Greetings from ESS Small Business. Due to administrative problems in setting up the grant processing mechanism with State government departments, there have been some delays in the rollout of the Home/Renovation Grants for homebuilders and for renovations to houses. The $25,000 grants made available by the...

Want to learn more about ESS Small Business? (Click here) Greetings from ESS Small Business. Thousands of business owners and team members have been working from home for the last 2-3 months and may have given some thought to the development of new products, processes or services by undertaking some initial research and development.  They might now be wondering whether they should...

Friday, 29th May 2020 Want to learn more about ESS Small Business? (Click here) Greetings from ESS Small Business. This week we have invited one of the founders of Crowd Sourced Funding Equity Raising in Australia to give you an overview on Crowd Sourced Funding and an experienced business operator from Darwin will share insights into how the Northern Territory businesses are returning to...

Friday, 22nd May 2020 Want to learn more about ESS Small Business? (Click here) This week we looked at: Utilisation of three-way forecasts (“predictive accounting”) to understand where your business is heading. Emerging from the 'lockdown blues'. Paul Barnaby, Predictive Accountancy Consultant and Australasian representative of PlanGuru, made the following comments relative to the...