Financial worries often cause extra stress but when this happens during uncertain times, it’s not surprising that these worries can begin to feel overwhelming. 

During this pandemic, there’s been lots of advice for employees on how to look after their physical and mental health. 

However, there’s not been so much guidance on how to cope with financial worries. This is most likely because everybody’s financial situation is different. In addition to personal financial situations, there is also the concern over the impact COVID-19 is having on the economy. This creates more uncertainty on what the future may look like for us all.

Economic impact of COVID-19

Financial wellbeing providers, Neyber, have analysed the economic impact of COVID-19 on employment and the cost of living in a recent blog. Here are some of the key takeaways:

Employment

“Not everyone is affected in the same way, and some of us

At Xero, we’re always looking for ways to better serve our customers and the small business economy. That’s why we’re committed to making sure we have the right people in the right locations around the world, so the teams that build Xero can live and work in the same communities that use our platform every day.

As part of this commitment, I’m excited to announce that we’re establishing the Toronto office as a product and technology hub. Toronto is a great city with world-class talent and access to a number of universities with leading STEM programs, so it’s the perfect place for us to expand our teams over the next few years.

As a Canadian, I know how proud we are of our ability to get things done and make a positive impact, not only in Canada but around the world. So it will be exciting to see how our

Ready your tablets, laptops and phones because Xero is going ‘On Air’. That’s right, we’re hosting a free to watch content series from 14-17 September dubbed ‘Xero On Air’. We will share information, tips and insights with our communities around the world.

In a whole new approach to connecting and sharing, we’ll release new ‘episodes’ each day. This means you can tailor the viewing experience to your interests and watch the episodes at times that suit you – much like your home viewing experience. Xero On Air has about 30 episodes – everything from exclusive insights to economic recovery, product announcements and inspiring customer stories.

We’ve sourced incredible talent from around the world: our people at Xero, our customers, special guests and community members, to give you a wide variety of information to help you and your small business clients adapt to a new environment. We’ve lined up our CEO,

Many Australian small businesses say JobKeeper has been a lifesaver in these difficult times, and Xero Small Business Insights data seems to bear that out. So it’s good to hear JobKeeper has been extended, with some notable changes. We’ve tried to capture what’s new with the wage-subsidy program below. 

There are some complexities, so we recommend you see your trusted bookkeeper or accountant for the fullest picture, as well as visit the ATO’s JobKeeper extension page

Eyes on September

If you want the JobKeeper changes summarised in 15 words, the Institute of Certified Bookkeepers has captured them nicely:Nothing changes before end-September. Then some employers become ineligible, and some receive less.

You may remember that in your original application for JobKeeper, you had to document a one-time drop in business revenue of at least 30%. It only applied to eligible employees who were with you

As lockdown eases, more people are returning to work. For many, this is a significant and potentially anxiety-inducing step. As a business leader, it’s important that everyone on your team feels comfortable about the return to work.

To help make the transition as smooth as possible, we’ve put together our own guide on how to bring your team back to the workplace. As well as making the workplace physically safe, supporting the mental wellbeing of staff as they return is equally important. Here are some of our tips to help you determine the right way to open your working space.

Back to work guidance

Any back-to-work plan needs to acknowledge the profound changes to ways of working as a result of COVID-19. This is likely to have a longer term impact on how we all work, with research showing that three-quarters of employees want to continue working remotely more

Kate Healy, Founder and Owner of Virtually Together, set up the business in April this year. She saw a gap in the market to help bring people together virtually and inject some joy into digital events during COVID-19. 

Starting up a business during a global pandemic might seem risky, but lots of people have been remodelling businesses to fit the new norm or starting something completely new. We spoke to her about launching Virtually Together, creating customer demand and sharing lessons for those thinking of doing the same. 

Tell us a bit about your business

Virtually Together is a hub offering activities and entertainment for virtual events, celebrations and special occasions. Our number one aim is to bring joy to households and keep people’s social lives alive. Just because we can’t always be together in person, doesn’t mean you can’t connect with friends, family or colleagues for some fun.