The Aged Care Season

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The Aged Care Season
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• The up-and-coming Christmas and festive period is
  also known as the aged care season where family
  gatherings often bring to light the changing
  needs of aging parents. Parents may no longer be
  as independent as they once were and it can be a
  crucial period for discussing and planning for
  aged care,
• Here are a few points to consider

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• A robust conversation Family discussions can be
  difficult to start but not impossible  for
  example, Hey there, and before you go today,
  think we should have a quick chat about looking
  at some different accommodation and care
  possibilities next year to make your life simple
  and easier?

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• Get care needs assessed Contact MyAgedCare for a
  care needs assessment, which is necessary to
  access government-funded aged care services. Does
  your MyAgedCare assessment need to be updated?
  Not all facilities can look after any resident as
  they may need specialised care needs.

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• Consider Age Pension consequences Will renting
  or selling your family home or the sale of other
  assets to move into care affect or qualify you
  for the Age Pension and other entitlements? You
  may be surprised.

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• Get the timing right For couples, the timing of
  moving into aged care can affect costs. Moving
  separately can sometimes be beneficial in terms
  of costs and subsidies.

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• Who is your trusted Enduring Power of
  Attorney Ensure you have an Enduring Power of
  Attorney in place for someone to make decisions
  on your behalf if you are unable to do so. It a
  good idea to review these arrangements.

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• Estate plan Developing a comprehensive estate
  plan will not only document your wishes and
  bequests but should raise and raise awareness of
  potential tax and aged care fee issues for the
  survivor of a couple.

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• Get good advice Consult an Aged Care Specialist
  like myself to understand all options, use
  strategies to make it more affordable, and avoid
  surprises.
• This article was written by Harry Kalaitzoglou
  CIMA, who is available for a conversation on the
  above topics should you wish to discuss further.
• https//www.ikeep.com.au/

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• Find out more
• Have a look at the South Australian Department of
  State Growths information on Growing your
  business.
• Check out our Growing a business checklist, which
  takes you through the different methods and
  issues you should consider when growing your
  business.
• Advertising your business

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• Advertising can help you to reach a larger
  audience and attract more customers to your
  business. There are a number of ways to advertise
  your business, including through
• having your own business website  provides a way
  for people to reach your business and details in
  their own time and location. You may even be able
  to set it up so you can sell your goods or
  services directly from your website
• social media  engage with your customers and
  advertise your business by sharing your messages
  with your audience online

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• email newsletters or blogs regularly create
  content related to your business to keep your
  audience engaged. If using an email newsletter,
  its important that you get permission before you
  send emails to people
• newspapers and magazines have a print
  advertisement or list your services within the
  classifieds
• television advertising on television can be
  costly, but can help you reach a large audience

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• radio similar to advertising on television,
  though the cost is usually less and the audience
  reach is more localised
• mail dropping advertisements in mailboxes can
  be a simple cost effective way to reach your
  local area
• phone books and directories have your business
  listed on various business directories so you can
  be found by potential customers when theyre
  looking for a service.

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• When choosing the best way to advertise your
  business, consider the audience you are trying to
  reach, as well as the costs involved. You dont
  have to spend a lot of money to advertise and
  promote your brand, so choose what is likely to
  be the most effective for your business.

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• Find out more
• Check out our advertising page for more
  information on advertising your business.
• Read more about Ways to advertise your
  business on the Business Victoria website.
• Not sure where to start? Here are some tips and
  tools to help you develop a marketing strategy.
• Read about some things to consider before
  you promote your business.
• Read about marketing your business during
  COVID-19 and how to keep your customers loyal
  during the pandemic.

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• MARKETING
• Saving money on energy costs 
• Reviewing the energy usage in your business is a
  great way to help you save on costs. While it
  seems like a necessary expense, you can often
  find ways to save through
• understanding how energy is being used in your
  business and where you can reduce your usage
• reviewing your contract and searching or
  negotiating for better deals
• upgrading to more energy efficient equipment
  while this may be a big cost upfront, it may save
  you money in the long run.

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• Being environmentally conscious in your business
  can also boost your business and brand reputation
  to the public.
• Find out more about environmental management in
  your business.
• If your business is struggling with energy bills
  due to COVID-19, find out what help you can get
  with your energy bills.

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• SAVING ON YOUR ENERGY BILL
• Planning for exiting your business
• Even though you may not want to think about
  selling or closing your business, its important
  to plan properly for when and if you do.
• There can be many reasons why you decide to exit
  your business, including

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• your business is no longer viable to keep running
• you are looking to retire or pursue other
  opportunities in life and no longer want to run
  your business
• you have achieved your business goals and are
  ready to close or pass the business on
• your business is forced to close as it has become
  insolvent.
• Whatever your circumstances are for exiting,
  planning your exit ahead of time will help make
  what can be a difficult and emotional process
  easier.

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• Watch the journey of selling or closing a small
  business video series for help through the
  process of exiting your business.
• Tip If you are selling or closing your business
  you should cancel your ABN.
• Did you know?
• You can call the ATO if you sell or close your
  business, to find out if you need to finalise any
  GST, employee, contractor or other obligations,
  and what records you need to keep.

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• Find out more
• Read about the important things to consider
  when deciding whether to sell or close your
  business.
• Find information on tax issues to consider
  when changing, selling or closing your
  business on the ATO website.
• Check out these suggested steps to guide you
  through the process of closing your
  business or selling your business.

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• Find out more about closing your
  company and cancelling your business name with
  the Australian Securities Investments
  Commission (ASIC).
• https//www.ikeep.com.au/