The effects of COVID 19 are far reaching and continue to affect the way in which businesses operate. Faced with so much uncertainty, businesses have been forced to adapt, almost overnight, to an ever-changing commercial landscape while remaining agile and resilient.

There’s a common misconception that the auditing process is a time consuming task that simply adds to the workload of a school’s finance team. When in fact, it’s the perfect opportunity to take a deep dive into your school’s financial situation and uncover any areas for improvement.

Automation has the capacity to revolutionise your efficiency and productivity. But how many of the automation features that are available to you are actually being used?

With one of the strongest economies in the world, there are many benefits to starting a business in Australia . And while it’s a relatively straightforward process, there are a number of factors you need to consider to ensure your business is a success, such as business structure, taxation, human resources and finance systems.

A CFO plays an important role in a growing business, bridging the gap between accounting and management. They are responsible for overseeing the financial operations of a business including budgeting, cash flow management and financial reporting.

While some people dread auditing time, it’s actually a great opportunity for real estate agencies to take stock of their business, check their compliance and look for new ways to minimise risk.

Today it was announced that the NSW and Federal Government will be offering financial support to businesses impacted by the recent COVID-19 restrictions and stay-at-home orders.

From 1 July 2021, the super guarantee rate rose from 9.5% to 10% and will progressively increase until 2025. Depending on your current employment agreements will determine the impact to employees. For employees that are paid a rate plus superannuation their take home salary will remain unchanged and the increase will be added to SG payments.

"Australia is coming back. […] In the face of a once-in-a-century pandemic, the Australian spirit has shone through.”, with these words full of confidence Federal Treasurer Mr Josh Frydenberg handed down the 2021/22 Federal Budget at 7:30 pm (AEST) yesterday on 11 May 2021.

At DFK Laurence Varnay we are committed to protecting our community and preventing the spread of COVID-19 whilst continuing to provide support to your business without disruptions.

On 21 July, the Government announced that due to the ongoing COVID-19 crisis the JobKeeper Payment scheme will be extended by 6 months until 28 March 2021, from the original end date of 27 September 2020.

Prime Minister Scott Morrison recently announced that under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy to continue paying their employees.