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Empowering SMEs

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...

COVID-19 Survival Assistance for SMEs

Empowering SMEs (Issue 057)

Greetings from ESS BIZTOOLS and our Affiliates, welcome to this weekly update on issues confronting small businesses and medium-sized enterprises from the COVID-19 coronavirus. Preparing for the end of the lockdown. In last week’s webinar Peter Towers, Managing Director of ESS Small Business and ESS BIZTOOLS summarised the presentation made by Andrew Geddes to the accountants' webinar...

COVID 19 Survival Assistance for SMEs

Empowering SMEs (Issue 056)

Greetings from ESS BIZTOOLS and our Affiliates, welcome to this weekly update on issues confronting small businesses and medium-sized enterprises from the COVID-19 coronavirus. COVID-19 Week In Review The registration date for JobKeeper payments has been extended to 31st May 2020. The Prime Minister – Scott Morrison, criticised the banks for the delay in processing loan applications...

COVID 19 Survival Assistance for SMEs Number 2

Empowering SMEs (Issue 055)

Greetings,  This week the Australian Taxation Office has released rules relative to the calculation of alternative decline in turnover for the JobKeeper payments and confirmation has been issued on JobKeeper payments that can be claimed for people other than employees. Business owners actively engaged in their business in the form of a sole trader, company, trust or partnership can...

COVID 19 Survival Assistance for SMEs

Empowering SMEs (Issue 054)

Greetings – we hope you’re staying safe and still operating your businesses or, if not, you're able to think about some business strategies to implement when you to recommence business operations again. The Australian government, through the Stimulus Package Number 3, which was unanimously passed by Parliament last week, has implemented a number of significant strategies to assist many...

COVID 19 Survival for SMEs

Empowering SMEs (Issue 053)

This Australian government has now released three stimulus packages to assist small businesses and medium-sized enterprises to survive the COVID-19 coronavirus. Most small and medium-sized business operators will require the proactive assistance from your accountant/business advisors to guide you through these challenging times so as to ensure that your business is intact and able to operate...
What sort of Small Business or Medium Sized Enterprise do you envisage operating or working at in 2020? Does your business have a “vision” for the next three to five years? Have discussions been held on the development of policies and strategies to assist in attracting outstanding people and retaining the good people that you already have? Does your business have a leadership team that...

Another Source of Equity Capital for SMEs!

Empowering SMEs (Issue 051)

The good news on the equity capital scene for small businesses and medium sized enterprises continues with the Federal Treasurer Josh Frydenberg, confirming that the Federal Government’s election commitment relative to the establishment of the Australian Business Growth Fund official launch is imminent. This is great news for small businesses and medium sized enterprises because it will make...

Having Trouble With Your Business’ Finances?

Empowering SMEs (Issue 050)

Crowd Sourced Funding Equity Raising might be able to help your business. For the last twelve months private companies have been able to utilise the Crowd Sourced Funding Equity Raising sections within the Corporations Act to raise up to $5 million every twelve months from the public. By 31 October 2019, 55 companies had taken advantage of the amendments to the Corporations Act to raise $39.9...

First Year Celebration – Crowd Sourced Funding One Year Old!

Empowering SMEs (Issue 049)

This is something to celebrate because the biggest change in financing arrangements for small businesses and medium-sized enterprises – private companies turned one on 19 October 2019. Crowd Sourced Funding Equity Raising could be of significant benefit for your company, if you meet the basic eligibility requirements: group turnover under $25 million annually group asset value under $25...

Sound Talent Recruitment Helps Add Value!

Empowering SMEs (Issue 048)

“Attracting and keeping the right people is a key component of the life-cycle for most businesses” (Verne Harnish – Scaling Up) The other three essential components are: Creating a truly differentiated strategy (empowering SMEs047) Driving flawless execution (coming soon) Having plenty of cash to weather the storms (coming soon) Your accountant could assist you in identifying the...

Does Your Strategy Create Value?

Empowering SMEs (Issue 047)

Does your business have a strategy that differentiates your business from your competitors? A “ Differential Strategy” is one of the key factors in creating a successful life cycle of a business. Have you talked to your accountant about assisting you to develop an update of your strategy and to make sure that your strategy has important differences incorporated which will differentiate...

Management Accounts Give You More Information - Why Not Ask For Them

Empowering SMEs (Issue 046)

Have you ever had a critical look at the financial accounting information that your accountant is providing to you or that your accounting system is delivering to you? Do your Financial Accounts give you the information that you need to be able to effectively manage your business and add value to your business? If not, why not ask your accountant to provide you with “Management Accounts”...

Do You Feel Like Saying... “Help Me Run A Better Business”

Empowering SMEs (Issue 045)

Recently a business operator wrote an article in “Accountant’s Daily” that pleaded with his accountant to provide a broader range of professional services not just taxation services. The small business person wrote “the truth is that while I’ve been patiently waiting for you to escape the compliance cubicle, I cannot hang around much longer.” “Over the years, I’ve sat through...

OVER 30,000 PEOPLE HAVE ENDORSED CROWD SOURCED FUNDING EQUITY RAISING BY INVESTING

Empowering SMEs (Issue 044)

The Crowd Sourced Funding Equity Raising Scorecard produced by ESS Small Business / ESS BIZTOOLS as at 31 July 2019 has identified that 31,141 investors have invested an average of $1,207 each in the 44 companies that have raised $37,586,246. (Click here to view the Scorecard) This uptake indicates that after a slow start Crowd Sourced Funding Equity Raising is starting to raise much needed...
What is in it for a company? Ability to raise up to $5 million in a 12 month period direct from the public This is not a loan therefore: No loan application required No security required No personal guarantees required No monthly repayments of principal and interest required The company issues ordinary shares to the investors What do you want to achieve for your...

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