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Empowering SMEs

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...

Crowd Sourced Funding Expected To Be In Demand In 2020/21

Empowering SMEs (Issue 072)

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...

Tradies' Charge Out Rates Review And Corporate Governance

Empowering SMEs (Issue 071)

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...

JobKeeper Changes And Crowd Sourced Funding Highlights

Empowering SMEs (Issue 070)

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...

Sound Advice Will Help You Meet The Challenges

Empowering SMEs (Issue 069)

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”,...

Taking Opportunities/Upgrading Your Accountant's Role

Empowering SMEs (Issue 068)

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...

Management Accounting And Government Grants Can Contribute To Business Success!

Empowering SMEs (Issue 067)

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....

Marketing and Business Funding for COVID-19 Survival

Empowering SMEs (Issue 066)

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...

Developing Strategies For An Uncertain Year

Empowering SMEs (Issue 065)

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...

Predictive Financial Statements and Legal Overview for SMEs

Empowering SMEs (Issue 064)

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...

Cashflow and Funding a Major Issue for SMEs in the Aftermath of COVID-19

Empowering SMEs (Issue 063)

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...

Utilising Predictive Accounting to Avoid the Lockdown Blues

Empowering SMEs (Issue 059)

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...

COVID 19 Survival Assistance for SMEs

Empowering SMEs (Issue 058)

Greetings from ESS BIZTOOLS and our affiliates.  Welcome to this weekly update on issues confronting accountants, business advisors and bookkeepers from the COVID 19 coronavirus. This week we looked at: Financing your Business Engaging your Accountant to add Value to your Business In this week’s webinar Ashley Evans, Managing Director, AAA+ Financial Solutions and Consulting...

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