MAD Matters (Blog)

In its 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish the new Australian Business Registry Services (ABRS), and enhance how businesses register and manage their information with the government. Although the ABRS rolls out progressively between 2021 and 2024, one of the immediate changes is that business directors must obtain a director…  Read more

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. We have included all the latest information and updates in our COVID-19 Support Hub. Please refer to this link for the full details. Here’s a brief snapshot: What needs to be confirmed? Each fortnight, your business will need to reconfirm that it:…  Read more

The Federal, NSW and VIC Governments announced a series of new measures to support individuals and businesses impacted by the lockdowns this week. We have included all the latest information and updates in our COVID-19 Support Hub. Please refer to this link for the full details. Here’s a brief snapshot: Victorian Business Support There’s been new and extended grants announced to support businesses impacted in Victoria, specifically: Business Continuity Fund…  Read more

We have clarified some of the information surrounding the recently announced government support packages with the various measures available to eligible NSW and VIC based individuals and businesses. Here are the most recent and important changes & updates; Federal Government COVID-19 Disaster Payment Services Australia have confirmed that you don’t have to access your annual leave before applying for the COVID-19 Disaster Payment even if you have it available to…  Read more

This week the NSW state and Australian Federal Governments announced a combined support package to help households and businesses during the ongoing COVID-19 lockdown. The COVID-19 Disaster Payment will be expanded and increased under this agreement. The payment will increase to $600 if a person has lost 20 or more hours of work a week or $375 if a person has lost between 8 and less than 20 hours of…  Read more

The second claim period of the JobMaker Hiring Credit is now open. So if you’ve taken on additional young employees between 7 January and 6 April 2021, you may claim the following payments: up to $10,400 over a year for each additional eligible employee aged 16 to 29 years up to $5,200 over a year for each additional eligible employee aged 30 to 35 years Register any time until the…  Read more

Being a construction or trade business owner can be incredibly stressful. In addition to the long days and difficult working conditions, you often worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime, you have to pay employees, cover fixed expenses, buy supplies and pay your own subcontractors. Here are three tips…  Read more

MAD Crew Wealth is on a mission to become the leading one-stop-shop financial accounting services partner for Aussie trade & construction businesses.  MAD Crew Wealth came into existence during the Covid-19 pandemic to help business owners in trades and construction meet their long-term financial goals, save time, and most importantly – to live a life by design and enable you to do the same.  Karla Hourigan and Amar Latif, the co-founders of MAD…  Read more