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.

The “Coronavirus SME Guarantee Scheme” is due to come into effect from early April 2020 and will allow banks to make it easier to provide unsecured loans of up to $250,000 to businesses with a maximum 3 year term and an initial 6 month repayment holiday.

There has been an abundance of media coverage recently surrounding underpayments to staff, payroll inaccuracies and superannuation errors.

As a result of the Coronavirus (COVID-19) outbreak, we would like to update you on the steps we are taking to ensure that you and our team are safe whilst continuing to provide support to your business with no, or minimal, disruption.