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SMALL BUSINESSES NEED TO GET READY

Stimulus Measures

The Australian Government’s economic response to the COVID-19 crisis is a two-pronged approach.

  1. Cash Flow Boost
  2. JobKeeper/JobSeeker

How do They Work

We have been busy answering inquiries and calculating entitlements for businesses that have a payroll. We have also been informing other clients outside the Cash Flow Boost provisions of their entitlements, superannuation drawdowns, and job seeker allowance. The figures we are calculating for the cash flow boost, combined with the other measures, will result in a lot of cash entering the economy over the next several months.

How Can We Help

Accordingly, small businesses need to seek advice from professionals to understand the stimulus package, and the month of March is critically important. Further, there is a major cash splash hitting the economy very soon. If you are a small business, you need to position yourself to be operational. Maynard Accounting is one-stop-shop and able to help small businesses in numerous ways:

  • Business startups
  • Business structures
  • Bookkeeping packages
  • Business planning and strategies
  • All ATO obligations and complience
  • We have access to various business specialists, including legal, marketing, mortgage brokers, web page builders, online marketing, social media experts, etc.
  • Tax planning.
  • Advice on Cash Flow Boost
  • Advice on JobSeeker/JobKeeper

Call our office for an appointment with one of our tax consultants.

 

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