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Coronavirus Resource Library

Important info for business owner dealing with Coronavirus

Download our free Cashflow Forecast Tool + How To Videos

This cashflow forecast will be your most important tool right now, you must be able to predict your cashflow for the next 26 weeks.

We’re all going to be affected. The best thing you can do is to prepare. 

Once you have prepared your weekly cashflow forecast – you can use it as a guide to get you through the next 30/60/90 days. 

We have video how-to guides to get you through every step.

Watch Our Webinars

We’ve been holding webinars with industry experts to help business owners get the info you need to help your business survive the pandemic.

Including:

HR and employment
Cyber security
Finance and accounting 
+ Many More

Financial Stimulus Information from the Australian Government

WEBSITE

JobTrainer skills package: Government info to support apprentices and trainees (16 July 2020)

Info about Australian Government’s $2 billion JobTrainer skills package to reform the Vocational Education and Training sector and keep apprentices in jobs.

WEBSITE

Australian Government Response to the Coronavirus: Cash flow assistance for businesses

There are many initiatives that the government are taking to assist small businesses during this time – it’s hard to know what is applicable to you.

This page has a range of fact sheets that give specific information on what assistance will be granted during the pandemic.

WEBSITE

Australian Government: SME Guarantee Scheme

If you are in a position where you need to borrow money for cashflow purposes, then the government has implemented the SME Guarantee Scheme.

This page explains the terms and conditions in which you can borrow and how much you can borrow up to. It also discusses how long you have to pay this back and when you need to begin paying this back.

PDF - FACT SHEET

Boosting cash flow for employers

This assistance will support businesses to manage cashflow challenges and help businesses retain their employees.

This measure is designed to support small and medium sized businesses and to improve business confidence. 

This measure also supports the activities of not-for-profits (including charities) at a time when they are facing increased demand for services.

PDF - FACT SHEET

Temporary relief for financially distressed businesses

The economic impacts of the Coronavirus and health measures to prevent its
spread could see many otherwise profitable and viable businesses temporarily face financial distress.

It is  important that these businesses have a safety net to make sure that when the crisis has passed they can resume normal business operations.

One element of that safety net is to lessen the threat of actions that could unnecessarily push them into insolvency and force the winding up of the business.

PDF - FACT SHEET

Delivering support for business investment

The two business investment measures in this package are designed to assist Australian  businesses and economic growth in the short-term, and encourage a stronger economic recovery following the Coronavirus outbreak.

These measures will support over 3.5 million businesses (over 99 per cent of businesses) with aggregated annual turnover of less than $500 million
employing more than 9.7 million employees.

PDF - FACT SHEET

Supporting apprentices and trainees

Last Updated: 3 April 2020

This assistance will help businesses to retain their employees. The wage subsidy for apprentices and trainees will help to ensure the continued development of the skilled workforce.

Job Keeper Info

Applying the turnover test - Information from Australian Tax Office

From the Australian Tax Office
Correct as at 24 April 2020

Are you elibible for Job Keeper?  The ATO describes the turnover test, which determines if you qualify.

Generally businesses will use the basic test, which is based on GST turnover. Where appropriate turnover comparison periods are not available (for example, where your business has been operating for less than a year) we may make an alternative test available.

JobKeeper Payment - Information for Employers

Correct as at 31 March 2020

If your business has been significantly impacted by the Coronavirus you will be able to access a wages subsidy to continue paying your employees.

Under the JobKeeper program, you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of six months. This assistance will help you keep staff and will help you restart when the crisis is over.

JobKeeper Payment Updates from the ATO

From the Australian Tax Office

The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19.

Register your interest to receive updates directly from the Government.

JobKeeper Payment Updates from the ATO

From the Australian Treasury

Download this PDF document (Supporting Businesses Fact Sheet) which explains the JobKeeper Payment for employers.

ATO Website: Paying your eligible employees

SOURCE: ATO
Correct as at 15 April 2020

You need to pay your eligible employees at least the minimum amount of $1,500, even if you re-hire them or they earn less than this per fortnight. You cannot pay your employees less than $1,500 per fortnight and keep the difference.

You will not be eligible for the JobKeeper payment if you pay your nominated employee less than $1,500 per fortnight.

ATO Website: Eligible employers

SOURCE: ATO
Correct as at 15 April 2020

Read which employers will be eligible for the JobKeeper payment on the ATO Website: 

Advice From Our Partners

Business as Usual during COVID-19: Advice from KLC Recruitment

Created by KLC Recruitment

KLC Recruitment created these guidelines for managing your staff during this crisis. 

Quality advice for all business owners. 

Employsure Resource Hub For Employers

The FAQ And Resource Hub discusses a whole range of relevant points circulating what actions employers should be taking in different circumstances, what this means for payroll, FAQ, and the continuation of employees. There is also a “Tools for Employers” section which has different downloadable documents on processes that should be implemented throughout the crisis. 

Coronavirus Government Assistance - Links To Important Info

Collected by HD+Co Accounts and Business Advisors

  • Cash flow assistance for businesses
  • Providing support for retirees
  • Delivering support for business investment
  • Temporary relief for financially distressed businesses
+ More

Coronavirus: How to Keep Your Business Running & Bounce Back Stronger

ICS Consulting’s best insights on how businesses are succeeding during the Coronavirus crisis.

Includes ideas and links on how to prepare now for the recovery which will inevitably come

From ICS – Integrated Compliance Solutions,

More Advice and Assistance

The Resilience Wheel: Where to focus your business in stressed or distressed conditions

From Grant Thornton

The Grant Thornton Resilience Wheel is a framework designed to help you have ‘initial’ high level ‘supportive’ conversations within your boardroom as a result of stressed/distressed operating conditions.

CommBank: Coronavirus support for business customers

Correct as at 31 March 2020

This guide, from the Commonwealth Bank, helps explain what’s on offer, to help alleviate the stress.

Google My Business Changes Due to COVID-19

There has been multiple changes made in relation to the functions available for businesses on Google My Business.

This page lists all of the changes made and what new features are now available on Google My business.

Check out the features and see what you can do to optimise your business given the current circumstances.