Federal Budget 2021: What it means for you

Treasurer Josh Frydenberg has released the 2021 Federal Budget and confirmed Australia’s economy is performing more strongly than was expected six months ago. This article has a summary of the “Winners and Losers” of the Budget and we’ve compiled a recap of the key points below. Get in touch with us if you have any questions. A Quick Budget Overview This budget assumes our international borders won’t reopen until mid-2022.…  Read more

What do you write in a job description?

As your business grows, there will be an increasing need to create new roles and hire new employees. A job description will be an essential document for defining the responsibilities of the role, outlining the kind of applicant you’re searching for, and setting out your aims for how this new employee will fit into your existing operations as a business. So, what are the key elements to include in your…  Read more

Contribute to the World While Making Money

Gone are the days when an entrepreneur was expected to be entirely focused on making a profit. Obviously, earning money is important to being sustainable and therefore staying in business, but it’s possible to both earn a profit and contribute to a positive difference in the world around you, too. There are great reasons for doing so. Making a positive difference contributes to the greater good. It can also boost…  Read more

Business Update – 5 May 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Perth Dodges New Lockdown West Australian Premier Mark McGowan announced on Sunday that there will be no second snap-lockdown in Perth. However, COVID-19 restrictions will still be imposed after reports that a hotel quarantine security guard and two of his housemates tested positive for the virus. Nightclubs will be…  Read more

5 Important tips for Newcastle’s sole traders starting a new business post-COVID

Congratulations, you have jumped into being a sole trader and left the safety net of having a regular wage each week behind.   Success in small business is as much about planning as it is about ability. If the year of Covid has taught us anything as Newcastle based business owners, it is that we need to prepare for the unexpected. It may not be another pandemic; I have seen many…  Read more

Stocks: Eight Ways to Become a Better Investor

Everyone would like to become a better investor. People get into a twist trying this method and that only to abandon their stocks for the next new thing. There’s an easier way, and it involves following a few simple suggestions.   Stop watching the market and start your watching stocks Just because the market is frothy doesn’t mean your stock’s price is. Just because the market is sinking doesn’t mean…  Read more

COVID-19 Business Update – 28 April 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Flights Between NZ and Western Australia Resumes New Zealand has reopened quarantine-free travel with Western Australia from midday Wednesday. This comes after it was revealed a traveller from Perth was able to enter New Zealand despite the Australian city being locked down. Travellers who have been identified as contacts…  Read more

Are you prepared for the super guarantee rate rise?

The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However plans have been in place for some years now to increase incrementally increase this to 12%. In July 2021, the rate will rise to 10%. From then on, the rate will increase by 0.5% each year until July 2025 when it will reach the legislated 12%. Prior to the delayed 2020 federal budget, there was discussion about…  Read more

6 Tips to Get Back Control of Your Money

Feeling like you’ve lost control of your finances? Everything is going to debt and nothing for you and your family to enjoy life? Living a debt-free life is one of the dreams of many people. However, paying down your debt is easier said than done. Some people struggle to keep up with their monthly bills and become overwhelmed with the amount of debt they have to pay. In these circumstances,…  Read more

COVID-19 Business Update – 21 April 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia- New Zealand Travel Bubble Now Open The long-anticipated travel bubble between Australia and New Zealand started on Monday, marking the first step towards the gradual reopening to the rest of the world. Since October, Australia allows New Zealanders to arrive without going into quarantine, but New Zealand has…  Read more

Should I focus on profits or cashflow?

Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Cashflow is the beating heart of your business. Without an even and predictable flow of cash into the company, you can’t cover your overheads, you can’t pay your employees and you can’t run your day-to-day operations – let alone think about…  Read more

Funding for business: Passion

Seeking outside funding for your business is a big step. Whether you’re expanding your company or starting a new one, it makes sense to feel a little nervous. If you combine your passion for your company with detailed financials and meticulous planning, there’s nothing to be afraid of. Have a plan, know your stuff and add some spark Investors want to know that you have a plan – They also want…  Read more

Is your business ready for hybrid working?

The Covid pandemic has changed the way we work and ushered in a new era of hybrid working. Is your business ready and able to offer this mix of on-site, off-site and remote working? When businesses were forced to close down their physical offices and workspaces, this brought technology to the fore. We’ve seen an increased use of remote working, video technologies and cloud-based business solutions. In 2021, Aussie’s are…  Read more

COVID-19 Business Update – 14 April 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia Drops COVID-19 Vaccine Target Prime Minister Scott Morrison said he won’t set a new target date for Australians to get vaccinated, as concerns about the AstraZeneca vaccine and European export restrictions delay the rollout of the programme. Despite this, Australia is still ahead of some nations including Canada,…  Read more

Which home loan is right for you?

Considering home ownership? Congratulations! Buying a home is an exciting milestone and for most Aussies, one of the biggest investments they’ll ever make. Among the many decisions to be made, you’ll need to choose the best mortgage option for your circumstances. In this blog we’ll weigh the pros and cons of fixed, variable, and revolving credit home loans to help you make the right choice. Why choose a fixed home…  Read more

What is good debt? What’s bad debt? Which ones do you have?

There are so many ways to rack up debt that sometimes we don’t even think about it anymore. Student loans, mortgages, car loans, credit cards… which ones are good and which are bad? Essentially, bad debt costs you money and good debt makes you money. Let us explain:   Good Debts Student Loans (HELP/HECS) Why are they good? Student loans are an investment in your future, opening up different career…  Read more

What do you want from your business?

What do you want from your business? When you started your business, you probably dreamed about flexible hours and highly profitable, stimulating work. Ideally, you would’ve adopted best practice and documented those dreams in a succinct Business Plan. The plan would specify how much cash you need from the business, your role, and the hours you’d be working. In other words, what the business was going to deliver to you…  Read more

More than meets the eye – white-label loans are more than a good price

For those unfamiliar, a white-label loans are essentially home-branded loans. Just like your favourite home-branded products you see in supermarket aisles there is more than meets the eye – the white-label loan is more than its competitive price tag. White-label products are high quality and are developed by leading lenders – they are just packaged differently and therefore available at a sharper rate. White-label loans are exclusively available through mortgage…  Read more

COVID-19 Business Update – 7 April 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Trans Tasman Travel Bubble to Begin 19 April Australia and New Zealand will create a quarantine and COVID-testing free travel bubble starting 19 April. However, flights to and from some Australian states may cease if there are future outbreaks. Australians made up 1.5 million or 40% of arrivals to…  Read more

5 Hacks for Financial Fulfilment

Having total financial control can give you an amazing sense of freedom. However, it takes a lot of discipline and hard work for you to be able to achieve this. In this article, we’ll share some useful tips that you can start now to live a better financial life. Build multiple sources of income Whether it’s through your business, a side hustle, or investing, building your income network can help…  Read more

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