Sep 7 2021

The Big Dip | September 2021

Ryan Edwards-Pritchard

A monthly guide for founders and finance pros

Thanks for making it back to your monthly dose of ‘The Big Dip’, where we aim to bring founders and finance pros up to speed on all the important news from the Cape HQ and some smashing content from the market to help your business finances bloom (Spring 🌱 induced pun intended 😂)!

Enjoy!

🎧 Listen… The Good Money podcast Ep3 🔥

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Hunting for something new to listen to? Then look no further, friends…

📖 LEARN from one of the most successful scaleup CFOs on how they addressed the challenges of pivoting during the pandemic by driving growth and innovation.

💡 GET INSPIRED with how to use the latest technology and tools to cut wasteful spending.

👉 Listen to episode 3 here

Be sure to:

👉 Subscribe on your chosen audio channel

👉 Let your friends know about The Good Money

👉Share on social media, don’t forget to tag us on Twitter and Linkedin.

We’d love it if you could share our episodes on social media, or even shout out (don’t forget to tag us - @hellocape on Twitter or Cape on Linkedin)

🤓 Spotlight read -Blog | The Lighthouse 📚

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What is and isn't an allowable expense?

Whatever the industry, there's expenses 🧾.

And you'd be surprised at what some people try to sneak 👀 in as a business expense 💸.

If you're looking for a solid plan as to what is 👍 and isn't 👎 an allowable expense then look no further!


Read the article here

🙌🙌 Cape in the news 🙌🙌

Cape, next-gen spend management platform taps Xero for their first Board Advisor

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Excited to welcome Luis Sanchez, General Manager for Xero’s Global Partner Program, as the first Board Adviser to Cape 🙌🙌.

We're big believers that businesses run better when technology works for them. Which is why we're obsessively focused on building software that helps businesses, accountants and bookkeepers save time and money.

Given Luis's incredible experience from Xero, Dext and Intuit QuickBooks we're thrilled to have his support in helping us build towards that future.


👉 Read the announcement here

Updates we’re following that we think you need to know

 

🤑 New business grants just released for NSW & Victoria

We’re keen to not give the lockdowns more airtime than we have in prior newsletters, but info on where you can get support if you’re in NSW with a new $6m R&D fund and the recently launched $807m business support package over in Victoria is super important.

🧾 Senate demanding jobkeeper payments to businesses to be made public

The Jobkeeper subsidies successfully provided to 200k small business owners worth $98Bn helped keep 3.8 million Australians in work at the height of the pandemic is coming under scrutiny by the Senate. They’re demanding the ATO to expose businesses who gained support out of public interest.

💸 SMEs fear changes to debit card system could deny them lower cost Eftpos option

As we move to a cashfless society, digital wallets (Apple Pay, Google Pay & Samsung Pay) have become the de facto payment method. These do however fall outside of the scope of Least Cost Routing mandate, seeing merchants getting charged with higher transaction costs as these payments get pushed onto the more expensive international networks instead of Eftpos.


Be sure to sign up to the Council of Small Business Organisations Australia (COSBOA) petition to mandate Least Cost Routing for debit card transactions to save here.

AND FINALLY

🧠 Hit new Heights with brain food 😋

Looking to take care of the brain that takes care of you? Course you are! Be sure to check out one of our favourite BrainCare startups in Heights that makes products, content and a community to help you care for your brain’s health.

🏁 Well, that’s it for September! We’ll be back next month with more updates. If you have any feedback, drop us a note - we’d love to hear how we’re doing.

Diving into the first week of spring be like…

A bientot,

Ryan

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P.S. A somewhat shameless plug, but we're starting to get more active on Linkedin with our Cape account that's aimed at small business owners. Would love for you to follow us here

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