Category: Business

OMICRON COVID SUPPORT

2022 Small Business Support Program for NSW Business Owners

Last week the NSW Government announced the new Support Program for Small Businesses who have been impacted by Omicron strain of Covid-19.

Applications open on the 14th of February 2022 on the Service NSW website.

In summary, the Support Grant criteria is as follows:

  • Applications open 14th February 2022 and close 31st March 2022.
  • Must have been actively in business as at 1 January 2022.
  • Have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020 or 30 June 2021.
  • Turnover reduction of 40% or greater, during the month of January or first half of February 2022.
  • The Grant will be calculated at 20% of your weekly payroll during the month of February 2022.
  • The minimum payments will be $750 per week, and the maximum will be $5000 per week. For non-employing businesses and sole traders, they will be eligible to receive $500 per week.
  • For businesses will need their Accountant or Bookkeeper provide a letter supporting their application if they are not in a highly impacted industry.

More information and criteria is set out in Support Program guidelines on the Service NSW Website.

Life Without Government Subsidies

Life Without Government Subsidies

Has your business been receiving Government grants throughout the COVID-19 pandemic? We discuss in this video how does your business adapt as the government grants cease while we are still in a pandemic situation.  We welcome Darren Vardy of SV Partners, an Accountant who specialises in Insolvency, Reconstruction and Business Growth Strategies.

No one can say that this COVID-19 pandemic hasn’t effected them in a personal or professional basis. As history has shown from the 1900’s, most pandemics last anywhere from three to five years. So we still need to look at our key issues in business and look at what the future holds.

Business update in an ever-changing world

Business Update in an ever-changing world!

If your business currently receives payments under the NSW JobSaver or Micro-business Grant schemes, you will now need to reconfirm your eligibility each fortnight to continue receiving payments

Finance during lockdown

Finance During Lockdown!

This week, NGR sits down with Mark Moenting form DPN Finance to talk all about all your finance needs. Mark and Nathan also discuss everything you need to know during the current COVID crises regarding when you go to refinance or borrow money.

Bit about Mark and DPN Finance: Operating since 1996 and holding an Australian Credit Licence, Mark Moenting and the team at DPN have been helping Australians with smart and competitive finance solutions for more than 20 years.

COVID-19: Time to pump up your marketing

COVID Business injection: Time to pump up the Marketing!

Now more than ever, small businesses that are being affected by COVID-19 need to ensure that their business marketing is doing its job! With several industries closing due to the current Greater Sydney lockdown, it’s time to pump up the marketing, and increase your online presence, to guarantee that your business is still thriving in a pandemic.

This week, Nathan sits down with Melissa J Scott from Devine Creative Agency https://divinecreative.com.au to talk about everything regarding marketing your business during COVID-19.

COVID-19 Business Director Responsibilities

COVID-19 Business Director Responsibilities

As COVID-19 continues to become a prominent part of society especially during recent times, NGR Accounting is taking this time to ensure that business owners and individuals are updated on all COVID information and support.

This week, Nathan sits down with Liam Bailey to discuss director responsibilities and tasks during a lockdown.

Liam has 14 years’ experience in both corporate and personal insolvency. He has worked on numerous trades on administrations and successful Deeds of Company Arrangement. He also has extensive experience in the areas of hospitality, retail, property, manufacturing and construction.

Liam became a partner of O’Brian Palmer in 2014. He is a registered liquidator and a Trustee in Bankruptcy. Liam’s contact details are at the bottom of this blog.

Effective Workplace Leadership

Leadership: Helping create an effective work environment

Are you a business owner struggling to build an effective workplace? If so, then this week’s topic is for you. Nathan is joined by the CEO and founder of Quantum Leap GlobalMarianne Hynes, to discuss the importance of leadership and how to create an effective work environment that can improve business results.

Some business owners think that the only way to grow their profit is to increase revenue and decrease expenses. While this is important, there is more to it!

Lockdown Support for Business Owners

Lockdown support for business owners

Lockdown Support for Business Owners

This week, Nathan presents us with all the information we need to know regarding the current 2021 COVID lockdown and the grants available to business owners. If you’re In a situation where COVID has Impacted your business, the information below will help you understand the grants before applying.

Service NSW will deliver the grant on behalf of the NSW Government consistent with policy settings administered by NSW Treasury. By applying for any of the grants, businesses agree that their application may be subject to an audit by the NSW Government or its representatives and agree to participate in the process if required.

Profit First

profit first

Profit First

This week Nathan gives us a presentation on one of NGR Accounting’s services ‘create a profit-making machine’ specifically looking deeper into the meaning of ‘Profit First’ cashflow system for business. If you are a small business who is struggling to bring in profit, especially during this unforeseen lockdown, then this week’s topic is for you!

Capital Gains Tax

Capital Gains Tax

Capital Gains Tax

his week Nathan lets us in on everything Capital Gains Tax, also known as CGT. Nathan shares with us some examples specifically on shares and properties, while also giving us a mini history lesson, on the basics of CGT. If Capital Gains Tax is a topic that you lack knowledge in, then this week’s topic is perfect for you.