Feb 01 2021

The Big Dip | February 2021

Ryan Edwards-Pritchard

A monthly guide for Founders

Hola, Cape-siders 😎

Ryan here, updating you on what’s been happening at the Cape HQ since the new year. And wow, anyone else feeling like January flew by!?

Anyway, over the last couple of months, while Australia’s been grappling with the pandemic (in a manner envied by the rest of the world I hasten to add), we’ve been focused on keeping business owners informed of changing policies and market changes affecting you with our monthly newsletter.

And of all the challenging relationships we have with running a business, money is one of them! That's why this Valentine's Day, we'll be taking a look at how you as a founder can better tackle the tricky subject of giving your cashflow some love.

💭 Cape Community Member of the Month 💭


We mentioned last month how we quietly launched our invite only Founder's Community

Each month, we’ll shine a spotlight on one vocal member that’s contributing feedback and insights to help us shape the Cape offering for everyone else.

Our first member of the month is none other than Dexter Cousins, the host of Fintech Australia and CEO of Tier One People.

If you’re interested in being featured and getting your hands on your own personalised portrait, just head to the Community and get involved with the conversation.

Not a community member yet? Just click here and we'll get you signed up.

👉 Learn more about our Founder's Community here 👈

Updates we're following

This month's news update focus is all about tips to improve your finance relationships

🌹 Roses are red, JobKeeper about to be dead 💀

JobKeeper has been extended to the end of March, with the second extension coming into effect last month.


What this means to you

Even if your business didn’t qualify for the previous extension, you may be eligible for the second one. The main qualifying test for JobKeeper 2.0 is a 30% reduction in GST turnover (for most SMEs) relative to the same quarter in the previous year.

If you do qualify, it will help tide your business over for a few weeks at least, whilst providing some time to consider strategies to ensure your business is prepared for when the program winds up.



🧠 Tips to help claim GST 🧠

From stationery, to inventory, to work tools and even external contractors, when you buy something for your business you’re usually charged GST.

For any of you earlier stage startups out there, remember that the starting threshold for registering for GST is $75k+ ($150k for non-profit organisations).


What this means to you?

Simply put, you’re leaving money on the table! You are in fact able to claim back GST that you’ve already paid to the ATO.

Staff training in particular is a secret weapon for any business owner looking to improve productivity and boost morale, whilst also being GST free.

If you’re needing help with working this out we can introduce you to one of our Tax Accounting partners who can provide you with a free 1 hour consultation. Simply reply to this email with your interest and we’ll hook you up.

🤑 Save over $100,000 on everyday subscription purchases 🤑

The average SME has 25 subscriptions, covering everything from CRM tools (Hubspot), project management (Monday.com), customer acquisition (Google Ads), cloud accounting (Quickbooks) payroll (Elmo), legal services (Lawpath) etc.


What this means to you

We’ve partnered with over 30 of the globe's most technologically renowned companies to provide you with access to exclusive discounts and free trials amounting to over $100k.  

Given your interest in Cape, this means you’re either:

• Dying to get your hands on tools to help your business save money & better manage cashflow.

• A fan of what we’re trying to achieve in better supporting our small business owners.

• Just checking out the competition

Either way, we launch our Rewards platform in the coming weeks and are keen to welcome you on board to start saving money on everyday purchases.

Don't keep it a secret


Share the love: refer a friend

Pass it on to your friends, colleagues and connections and they can sign up at
👉 www.hellocape.com/contact 👈

(You can also help us keep founders and business leaders informed by forwarding this email)

We aim to provide an informative and helpful guide through our newsletter by covering changes in legislation and support for founders and their businesses.

Choose what you want in the next newsletter

Decide what information we bring you by clicking one of the options below:


👉 Click here to vote for How to negotiate with vendors to maximize savings and minimize stress 👈


👉 Click here to vote for 'How to manage and improve your business credit score' 👈


Hope you're all having a great week and a great start to 2021.

Ryan
Co-Founder, CEO

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