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    Financial and Business News

  • Stage 3 back - Accru Melbourne
    Business Advisory

    COVID-19 – Metropolitan Melbourne back into Stage 3 restrictions

    July 8, 2020

    It’s safe to say we weren’t prepared for this but there are Government programs available to help. For weeks in Victoria, it looked like we were on the brink of recovery and a return to some new state of normalcy. In the end, it looks like we are once again on the precipice of a […]

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  • Minimum wage
    Business Advisory

    Minimum wage to increase by $13 a week but businesses get some relief with staggered increases being applied!

    June 23, 2020

    Annual Wage Review decision made. The Fair Work Commission handed down its Annual Wage Review decision late last week and from 1 July, the national minimum wage will be increased by 1.75%. The new minimum hourly wage will be $19.84 (or $753.80 per week). This equates to an increase of 35 cents per hour or […]

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  • JobKeeper and Single Touch Payroll
    Business Advisory

    COVID-19 – JobKeeper and Single Touch Payroll

    May 1, 2020

    JobKeeper and Single Touch Payroll (STP) updates There has been an announcement about forthcoming tweaks to the JobKeeper program, which the Treasurer has released here. Our current focus is on the imminent software and reporting matters that need to be dealt with. If you’re in business and getting ready for JobKeeper, you’ll be aware that […]

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  • JobKeeper test - Accru Melb
    Business Advisory

    COVID-19 – JobKeeper Alternative Test Summary

    April 24, 2020

    Alternative test for determining eligibility for JobKeeper wage subsidy On Thursday 23 April, the Australian Taxation Office released their legislative instrument outlining the details of the “alternative test” for determining eligibility for the JobKeeper wage subsidy program. The basic test is simply comparing turnover from a current period to the same period 12 months ago. […]

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  • Business Advisory

    COVID-19 Coronavirus Economic Response – JobKeeper Application

    April 17, 2020

    JobKeeper applications open 20 April 2020 Application and enrolment for the JobKeeper program opened on Monday 20 April through ATO online platforms. Over the past week we have now received the rules and explanatory material from Treasury outlining eligibility criteria and thresholds. Furthermore, the ATO has created their own webpage with some explanation and forms. […]

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  • COVID-19 Mental health
    Business Advisory

    Looking after your mental health during the coronavirus outbreak

    April 6, 2020

    Dealing with anxiety and stress due to COVID-19 The media has been saturated with information about the coronavirus. Whilst there is copious amounts of information about isolation, COVID-19 symptoms, contagion and financial uncertainty – information on looking after your mental health is harder to find. Many people may be experiencing anxiety or stress in relation […]

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  • Accru Melbourne - Business Advice2
    Business Advisory

    COVID-19: Business Implications

    March 17, 2020

    Helping businesses stay ahead of the curve! The rapid impact of COVID-19 on every aspect of our life has been quite extraordinary. And whilst our primary focus is, and should be, the health and wellbeing of all people in our community, there are significant impacts on business too. Now is not the time to be […]

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  • Business risks - Accru Melb
    Business Advisory

    It’s risky business not managing risks in your business

    September 23, 2019

    Risk Management for small businesses Risk. It’s a scary concept. And whilst large corporations often have dedicated teams to manage and minimise risk, most small businesses take an alternative approach; the ‘she’ll be right mate’, bury your head in the sand approach. So what can you do in your business to better manage (and mitigate) […]

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  • Long Service Leave - Accru Melb
    Business Advisory

    Portable Long Service Leave

    August 27, 2019

    Are you an employer in the Cleaning, Security or Community Services industry? Portable Long Service Leave (PLSL) is a scheme that came into effect from 1 July 2019. It was created when the Victorian Government passed the Long Service Benefits Portability Bill in September 2018. PLSL affects Victorians working in the industries of contract cleaning, […]

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  • Business profits - Accru Melb
    Business Advisory

    10 ways to improve your business’s profit

    August 5, 2019

    Does your business have a sales focus or a profit focus? In our experience, too many business owners and their sales team are motivated by top line revenue rather than bottom line profit. To change this focus we often talk of four key drivers that can help increase profitability; reducing costs, increasing turnover, increasing productivity […]

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