This is an unprecedented business environment, we are operating with massive uncertainty and rapidly changing conditions.


VJC is helping business owners pivot their business with clever changes that cater to the changing demand.

Now more than ever your business adviser is crucial, we can help unpack and repack your business and encourage you to think outside the box.


  • Reduce overheads, can you downsize your premises now that you can see staff are able to work remotely.
  • Diversify your income, restaurants need to start to deliver and serve more takeaway. Use your vehicle and staff and save the 35% Uber eats takes!
  • Start a new business, this is a time of great change. Lateral think, technology and innovation is needed to continue to succeed.


Talk to your business adviser or call VJC! I suggest a 1 -2 hour session to brainstorm and formulate the best ideas for your business to pursue.

TODAY New measures emerged after this blog was typed, see the link below for the detail (we have tried to update the changes see below).


The government stimulus has some good measures that assist staff retention but these payments ONLY assist your tax payments and still require you to pay your staff’s net wages. This will be difficult if sales are not maintained, similarly lease/rent payments are not addressed. The other measures require investment and optimism as they use investment and/or debt incentives and this does not suit everyone.



  • Boosting cash flow for employers is a tax free payment via the BAS Q3 and Q4. Helping small and medium businesses with aggregated annual turnover under $50 million to cover the costs of employee wages and salaries equal to 50 per cent of PAYG withheld for businesses that withhold tax, with a minimum of $2,000 and a maximum of $25,000 over six months. This measure has now been increased, it is now up to $100K and will be 100% of the PAYGW over the next 3 quarterly BAS i.e. Q3 Q4 2020 & Q1 2021. The minimum payment is now $20K.
  • Supporting apprentices and trainees. Helping businesses retain apprentices and trainees by offering a wage subsidy to retain an apprentice or trainee, or, where a small business is not able to retain an apprentice, the subsidy will be available to a new employer. Small businesses with fewer than 20 employees will get up to $7000 each quarter for apprentices as a wage subsidy, equal to half the apprentice or trainee’s wage from January 1 to September 30
  • Payments to households. One-off payments of $750 will be paid to around 6.5 million lower-income Australians, including pensioners, other social security and veteran income support recipients and eligible concession card holders. The one-off payment will be paid from 31 March 2020. In addition to the above $750 stimulus payment, the government will provide a further $750 payment to social security and veteran income support recipients and eligible concession card holders.
  • Increased and accelerated income support. The Government is temporarily expanding eligibility to income support payments and establishing a new, time‑limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This supplement will be paid to both existing and new recipients of the eligible payment categories. These changes will apply for the next six months. Payments for Jobseeker, parenting payments etc. with eligibility greatly changed to eliminate means tests.
  • Access to super money for individuals in financial stress as a result of COVID-19 to access up to $10,000 of their superannuation in the 2019/20 financial year and a further $10,000 in 2020/21. “These withdrawals will be tax-free and available to those who are eligible for the coronavirus supplement as well as sole traders who have seen their hours work, or income fall, 20 per cent or more as a result of the coronavirus,” Frydenberg said.
  • Temporary reduction in the superannuation minimum drawdown requirements by 50 per cent for 2019/20 and 2020/21, providing retirees with more flexibility as to how they manage their superannuation assets.



  • Government business lending up to ten million dollars. With both federal and local governments providing loan programs with low/no interest and long repayment terms, it may be your best avenue of funding. Knowing which ones are being offered to your particular industry is imperative as Government loan programs will vary depending on growing needs, location and type of business you operate. Australian government loan programs can give entrepreneurs the best financial options available.

-$90 billion from the Reserve Bank and $15 billion from the government for banks to provide low-interest loans to business. – Banks to give business affected by the coronavirus crisis a six-month holiday from loan repayments

Loan guarantees: Government will guarantee 50 per cent of unsecured loans taken out by small businesses in the six months starting from April 1, 2020 with banks who join the scheme. Loans won’t have repayments on them for the first six months. Won’t apply to existing customers refinancing


  • The big four banks are poised to join the government’s efforts to fight the looming economic downturn with special loans targeted directly at small to medium enterprises on the brink of being wiped out by the coronavirus epidemic.
  • Banks to defer small-business loan repayments for 6 months.Small businesses will be allowed to defer loan repayments for six months under new emergency measures announced by the Australian Banking Association. We are not sure what is defined as a business loan, many people use the home loans to lend to their business in which case the balance sheet shows the debt.
  • Enhancing the instant asset write-off. Lifting the threshold to $150,000 (from $30,000) and expanding access to businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. The threshold applies on per asset basis, so eligible businesses can immediately write-off multiple assets.
  • Backing business investment. Offering businesses a 15 month investment incentive to support their business, by accelerating depreciation deductions. Key features of the incentive include:

-Deduction of 50 per cent of the cost of an asset, with existing depreciation applying to the balance of the asset’s cost. -Available to businesses with aggregated turnover below $500 million, purchasing certain new depreciable assets.

We are here to help, its business as usual for our clients and we are also making changes to pivot our business.

Talk soon.

Adrian and the team @ VJC