Resilience is going to be key in 2020-21. There are ways you can approach the new financial year to give yourself every opportunity to bounce back, and have confidence in the year ahead.
Free Financial Health Check - Personal or Business
We can arrange a free one-hour virtual meeting with a financial advisor to discuss the health of your personal or business finances.
Benefits of a Financial Health Check:
- Sets clear goals by showing your current financial position against where you would like to be.
- You will be able to map out a clear strategy and actionable steps towards those goals.
- Gives you an accountability partner. You’re far more likely to succeed with your goals or stick to a new habit if you know we will be following up on your progress.
- Accurately tracking your financial position makes it easier when/if you apply for a loan, and you will be a more attractive prospect to lenders.
- It’s a preventative tool as well. Can highlight problems you didn't know existed, or show where problems could arise in the future if nothing is changed.
- Once problem areas are identified and addressed, the money saved can then be used to build wealth and secure cash for the future.
Business Continuity Planning
COVID-19 continues to directly affect businesses and will continue to have an impact long after lockdown measures are lifted. Our team at Aintree Group have developed a Business Continuity Plan (BCP) that addresses these seven key areas that affect you:
- Cash Flow
- Protection of your Assets – including personal assets like your family home.
- Banks and Funding
- Management Team planning
- Your Employees
- Customers & Suppliers
- Mental Health Support
Our BCP can give you great assistance to build crucial business resilience and give you and your team framework for the support you need heading into the new Financial Year in the wake of COVID-19.
We offer two options for clients who would like to have Aintree Group create a Business Continuity Plan for their business:
Option 1 - We provide you
with a personalised Business Continuity Plan (BCP) ($250 + GST).
Option 1 + 2 - We provide you with a personalised Business Continuity Plan (BCP). In addition we will have one, one-hour Assistance Meeting with you to discuss BCP (Total cost $600 + GST).
Victorian Lockdown Update & Local Business Support
It was announced yesterday that 10 postcodes across Melbourne will be going into Stage-3 lockdown from 11:59pm tonight (Wednesday 1 July) until at least 29 July 2020. Residents of the following postcodes will not be permitted to leave their house except for essential purposes: 3012, 3021, 3032, 3038, 3042, 3046, 3047, 3055, 3060, 3064.
We understand this may directly impact some of your lives and your businesses. Please reach out if you wish to talk to us about any concerns or questions regarding this impact - financial or otherwise. We also encourage you to speak with your own staff and clients where applicable to facilitate this latest change to lockdown.
Local Lockdowns Business Support Program
Victorian businesses operating within postcodes impacted by the return to Stage 3 restrictions could be eligible for a one-off, $5,000 grant.
There are several conditions for eligibility, including already being registered for JobKeeper and being an employing business.
As with all government stimulus packages, please consult with your tax agent before applying!
From the blog:
Whether it is the coronavirus, fire or flood, the fact is if you are in business long enough you will have to deal with an external impact on your business. We explore the importance of planning for setbacks beyond your control and reacting (without over-reacting) when a crisis hits.Read More…
The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.Read More…
The new Financial Year will immediately bring along a few new changes to tax and superannuation laws in Australia.Read More…
Aintree Group Office Update
During the month of July we will continue to provide our full service remotely to ensure the health and safety of our team, clients and families. In the meantime we are making the necessary policy and procedure changes to ensure a safe and realistic return to the office for our staff and clients when it does happen.
If you need to get in touch with us, please email firstname.lastname@example.org and someone will get back to you as soon as possible.
"Resilience is knowing that you are the only one that has the power and the responsibility to pick yourself up"
Here's to a fruitful financial year!