Changes to IRS Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates

Changes to IRS Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates Changes to IRS Tax Rules Now Let You Borrow From Family At Ultra Low Interest Rates The Internal Revenue Service announces special interest rates (applicable federal rates or AFRs) monthly, and for August Desperate small business owners seeking cash […]

SME Confidence Devastated by Second Wave

SME Confidence Devastated by Second Wave SME Confidence Devastated by Second Wave The latest wave of the COVID-19 SME Research Tracker shows that as outbreaks persist, revenues continue to fall with 78% of SMEs now reporting a decline due to the pandemic. This is the highest level reported since the inception of the research in […]

Personal business investments & how to safeguard them

Personal business investments & how to safeguard them Personal business investments & how to safeguard them The impact of COVID-19 on both personal and business financial arrangements is going to be critical over the coming months, if not years. As such it’s critical that SMEs solidify, or take some measure of action to safeguard, their […]

Risks ‘insolvency tsunami’ when coronavirus aid ends

Australia risks ‘insolvency tsunami’ when coronavirus aid ends Australia risks ‘insolvency tsunami’ when coronavirus aid ends SYDNEY — Australia faces an “insolvency tsunami” when government handouts to help businesses cope with coronavirus restrictions expire on Sept. 29. The payments are a major plank of the government’s stimulus package, which now runs into the hundreds of […]

Experts predict economic ‘bloodbath’ when JobKeeper, JobSeeker ends – Business owners need to protect what they are owed

Experts predict economic ‘bloodbath’ when JobKeeper, JobSeeker ends – Business owners need to protect what they are owed Experts predict economic ‘bloodbath’ when JobKeeper, JobSeeker ends – Business owners need to protect what they are owed Experts predict economic ‘bloodbath’ when JobKeeper, JobSeeker ends In April, the number of businesses going bust actually decreased. But […]

‘Catalytic impact’: end of hardship measures could trigger collapse

‘Catalytic impact’: end of hardship measures could trigger collapse ‘Catalytic impact’: end of hardship measures could trigger collapse ‘Catalytic impact’: end of hardship measures could trigger collapse Hardship assistance given to mortgage holders who have been affected by the coronavirus pandemic has bolstered consumer spending, but the withdrawal of private-sector support to households threatens to […]