Recently passed legislation provides temporary cash flow to small-to-medium businesses to curb losses created by COVID-19. Eligible businesses can receive $20,000 to $100,000 in cash flow boost amounts but must lodge their activity statements until September 2020. According to the ATO, the cash flow boosts
The highly anticipated Jobkeeper payment scheme is now open for enrollment. The ATO urges people wishing to claim Jobkeeper payments for April to enrol in the program by the end of the month. The 130$ billion Jobkeeper payment is part of the government’s economic response
On March 31th 2020, for the first time since the beginning of the coronavirus outbreak in Italy, where I live, the growth in confirmed cases was below 5% day over day. While this very well may not be the end of the beginning yet, at
Supporting digital competitiveness can help economies recover from the COVID-19 pandemic. Foreign direct investment in the digital economy can especially help bring technology, know-how, jobs and growth to developing countries. What are some policies, regulations and measures that governments can adopt to attract digital foreign
Artificial intelligence is expected to play a bigger role in combating the COVID-19 pandemic globally, with experience from China showing that AI has worked efficiently for diagnosis, said industry insiders in the United Kingdom. “AI technology is expected to be used as an automatic diagnosis
One of the many predicaments the novel coronavirus and the lockdown of all non-essential business has created for the SME sector regards cancellations and refunds. The prolonged quarantine has seen a number of immediate effects, such as the cancellation of events or the postponement of
The Australian Competition & Consumer Commission (ACCC) released a recent warning regarding a new superannuation scam. The scam takes advantage of the government’s decision to allow Australians partial access of their superannuations starting mid-April to lessen the financial impact of COVID-19. Since the government’s superannuation
No company is immune to the disruption caused by COVID-19. Companies can plan for interruptions by mapping suppliers and buyers. They should diversify their supply chain to mitigate any future disruptions. A bee sting nearly killed me. My passion for beekeeping therefore comes as a
Without a vaccine or effective COVID-19 treatment, we could face continued infections and death until at least the end of 2020. To prevent further spread of coronavirus, we must monitor what fraction of the population has been in contact with the virus and is potentially
Last Friday the NWS government announced it will put $750 million into a ‘Small Business Support Fund’. The fund was created to provide small businesses across the state struggling due to COVID-19 with $10,000 grants for “fast relief”, according to a press release. This is
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