Business Advice

June 4, 2021

What’s changing from 1 July 2021 for Business

Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that everyone gets an automatic pay increase, […]

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May 4, 2021

The New Lifetime Director ID’s

Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers. ASIC does not currently verify the identity of directors and Elvis Presley and Bob Marley could “quite possibly” be registered. Or at least that was […]

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November 10, 2020

5 Steps to Growing your Legal Firm

When thinking about how to grow your Legal Firm, it’s common to look straight at issues with marketing and sales. But, marketing and sales should be one of the last considerations. Clearly, a very important component, but without the support of the other components, you may have a marketing department firing on all cylinders, without […]

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Taking Financial Control of your Legal Firm

If you are a partner or owner of a legal firm, and you: Don’t take regular profit distributions Run the business from your bank account Have no idea how the business is performing Don’t know what the capacity of the firm is and if you do, if you are under or overachieving Don’t receive regular […]

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The Black Hole in your Legal Firm

This guide is about understanding the ‘gap’ between the capacity in your legal firm, against what it is actual billing. We call this gap the ‘black hole’ in a legal firm. We then explore some common reasons why there may be a gap and what you can do about it. Comparing Capacity to your Billings […]

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Calculating Capacity in your Legal Firm

There are many methods and rule’s of thumb when calculating the billing capacity of your legal firm.   In this short guide, we will explore these so you can apply to your business, but note, every legal firm is different and these should be used as a guide only.    This will show you the inputs required […]

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October 30, 2020

JobMaker Hiring Credits: What We Know So Far

We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll let you know as soon […]

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October 1, 2020

Victorian Government Support for Business

On Sunday 13 September 2020, the Victorian Government has announced a new support package of $3 billion, in “cash grants, tax relief and cashflow support delivered to Victorian Businesses.”Read the Victorian Government Announcement here. While there are almost no details on the support package for Businesses as yet, we wanted to put together what we […]

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Preventing a Tsunami of Insolvencies

The Government has stepped in to prevent a wave of insolvencies when the COVID-19 support measures run their course in December 2020. Temporary insolvency and bankruptcy protections are in place until 31 December 2020 to enable businesses to trade through the pandemic. The measures provide: A temporary increase in the threshold at which creditors can […]

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September 28, 2020

5 Steps to Growing your Professional Services Firm

This focuses on the elements we think need to be in place before you grow your professional service firm…but firstly, a diversion. Have you seen the movie, The Founder, with Michael Keaton? The Founder is the story of Ray Kroc and McDonald’s. The opening scene (about 2 mins) of this movie draws some fantastic parallels […]

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Taking Financial Control of your Professional Services Firm

If you are a partner or owner of a professional service firm, and you: Don’t take regular profit distributions Run the business from your bank account Have no idea how the business is performing Don’t know what the capacity of the firm is and if you do, if you are under or overachieving Don’t receive […]

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September 22, 2020

The Black Hole between Billings a Capacity in your Professional Services Firm

Once we have an understanding on the capacity of your professional services firm, we then work to understand the ‘gap’ between the capacity in your professional service firm, against what it is actually billing. We call this gap the ‘black hole’ in a professional service firm. You need to calculate the billing capacity of your […]

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Calculating Capacity in your Professional Services Firm

The first thing we do when working with a professional service firm is to calculate the billing capacity of that firm. In this guide, we will explore these so you can apply to your business, but note, every professional service firm is different and these should be used as a guide only. Fees Generated per […]

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September 1, 2020

Forecasting During a Pandemic

Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent. So, how do you plan for uncertainty when every assumption is subject to change? Understand […]

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JobKeeper Update: A must read, action required

Update: A must read, action required The Treasurer, with powers available under the JobKeeper legislation, has brought in a change that would see employees employed at 1 July, now eligible for JobKeeper. This is an extension on the previous 1 March 2020 reference date. If you are currently enrolled for Jobkeeper 1.0 ending 30th September […]

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August 12, 2020

Covid-19 Help for Individuals

Services Australia has an online payment guide that guides you through the payments available if you are impacted by COVID-19 and what you might be able to access. Pandemic Leave Disaster Payment for Victoria If you have to self-isolate or quarantine at home because of COVID-19 or are caring for someone who is, and cannot […]

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Contact

Suite 13, 241 Blackburn Road Mount Waverley VIC 3149

Phone: (03) 9802 2533

Fax: (03) 9802 0590

Postal Address: PO Box 323, Mount Waverley, Victoria 3149

Email: mail@rogersonkenny.com.au

ABN: 29 545 604 022