Businesses need to respond to urgent concerns from their workforce on safety and support The World Economic Forum is launching a new roadmap with five principles and four management imperatives Actions to help include empowering local managers, prioritizing personal communication and sustainably managing the shift
The NSW government is encouraging all small businesses struggling due to the COVID-19 pandemic to register with the state government’s small business advisor program. The program includes Business Connect, which will receive a boost of more than $14 million from the state government. Business Connect
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
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
The increased numbers of employees working remotely presents an opportunity for cybercriminals. Companies must be vigilant and maintain proper controls on their data and finances. Leaders, IT departments and staff must work together to prevent vulnerabilities. As the world stands together to defeat the coronavirus,
Taking advantage of emerging technologies, including Big Data and artificial intelligence, has enabled China to respond rapidly to the impacts of COVID-19 and to fight against its spread; New hospitals were built in record time and millions of students were able to resume their
One of the most alarming trends to watch this week in Australia was how quickly small and large companies axed their employees. A lot of jobs in certain industries were expected to be quickly impacted ie tourism, hospitality, sports, etc — but there was another
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 $10,000 grants for “fast relief”, according to a press release. This is
As part of the economic response to the coronavirus, the Australian government has announced a 130$ billion Jobkeeper payment plan. Like its name suggests, the Jobkeeper payment scheme was created to keep businesses in operation and employees paid during the ongoing coronavirus crisis. The Treasury
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