The Government has stepped in to prevent a wave of insolvencies when the COVID-19 support measures run their course in December 2020. Temporary insolvency and bankruptcy protections are in place until 31 December 2020 to enable businesses to trade through the pandemic

What is a financial plan and why do you need one?

Understanding what a Financial plan is and how Financial Planning can help is often misunderstood.

This is because people typically associate the potential solutions a financial planner can offer – like investing, insurance or super advice for example – as being the main value of the financial planning relationship. But in reality it is the plan we help you create itself, that is where the true value lies. A plan that is yours – to achieve what is important to you – and only then, do we relate the products that can help you achieve your objectives to your situation.

Forecasting during a pandemic

Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.

So, how do you plan for uncertainty when every assumption is subject to change?

Your questions answered: State Government Grants

My business received a grant from the State Government. Do I pay tax on it?

Jobkeeper Alert

With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper. The August JobKeeper monthly business declaration is due by 14 September and is different to the previous form as it covers three JobKeeper fortnights.

Financial AccountingJPR BUSINESS GROUP2 September 2020jobkeeper, Jobkeeper 2.0, employment law, covid-19

Superannuation - The Work Test

You may have turned 65 and are wondering how to make further contributions to your super fund. What if I start a pension, am I still allowed to make further contributions? What type of contributions and limits apply to me?

SuperannuationJPR BUSINESS GROUP2 September 2020superannuation, work test

Has COVID-19 devalued your business?

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’?