Finance News
Find helpful finance articles and tips
Reminder on Small Business Bank Loans
30 Nov 2021

A reminder to small businesses with the end of 2021 fast approaching. The government backed small business loan scheme will end on 31 December 2021 and with many businesses and loan brokers finishing up prior to Christmas, now is the time to make these applications before time runs out.

Read full article
New Director Identification Number Scheme Commences
12 Nov 2021

From 1 November 2021, there is a new director identification number scheme in place for individuals who act as directors of companies, whether these are publicly listed or private. This unique 15 digit identifier that all directors must have will allow for better confirmation of their identities and ensure directors can be tracked across their various directorships. It is hoped that this will help reduce phoenix like activities where companies are liquidated and directors move to a new company to avoid paying debts owed.

Read full article
Want advice from an expert?
Claim your Free Assessment
Construction Grant Now Open
25 Oct 2021

Applications can now be made for the Victorian Government construction grant which provides assistance to construction businesses which incurred costs that were not recovered as a result of the two week lockdown. Eligible businesses must meet the following criteria: –

Read full article
New Construction Grant
19 Oct 2021

The Victorian Government has announced a new grant which will be paid to eligible construction businesses that were impacted by the two-week lockdown enforced in late September.

Read full article
Commercial Tenant Relief Scheme
13 Oct 2021

A reminder that applications are now open for small businesses with turnover less than $50 million. Under this scheme, tenants apply to their landlords for a reduction in the rent based on their turnovers dropping by at least 30% over a three month consecutive period compared to the same period in 2019. The relevant period starts 1 April and ends on 30 September, so in effect there are two quarters to look at.

Read full article
Changes to Super Fund Choice
05 Oct 2021

Employers are being warned to get their processes updated with one major change to superannuation payments changing from 1 November 2021. As has been in place for some time, new employees when they start working for an employer get to choose where the employer contributes their super payments. In effect, they can nominate their preferred super fund. This flexibility and requirement will remain the same.

Read full article
1 2 3 27 last