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Are you getting a job from the Federal Budget of 2020

Are you getting a job from the Federal Budget of 2020

As the vision of Josh Frydenberg is clear that he is trying to help the Australian economy in faster recovery by creating more jobs. As there are a lot of Australians who lost their jobs in the pandemic. So, people need to be informed about the sectors where more jobs have been created.

  1. Construction workers:
  • It is great news for all those who are in the field of building roads and other such things. After the spread of Coronavirus COVID-19, $14 billion has been invested into the infrastructure sector. This investment is enough to create more than 40,000 jobs in the next 4 years.
  • An additional $7.5 billion has been promised in infrastructure projects in every state of Australia. It will create more than 30,000 jobs in Australia.
  1. Younger people of Australia:
  • All the employers who provide jobs to the people of age 16-35 will get benefits from the new JobMaker Hiring Credit scheme.
  • So, all the employers who hire a new employee will get hiring credit with the help of this scheme for the upcoming 12 months.
  • Another $1 billion have been promised through JobTrainer scheme. This scheme is for supporting all those institutions that enhance the skills of jobseekers.
  1. Tradies:
  • Now, another 10,000 Australians are eligible to get home by this scheme. They have to pay only 15% of the total money and the rest of the money will be guaranteed by the government.
  • But this move will finally help the tradies. As more and more people will buy homes, there would be more jobs for painters, builders, plumbers, etc.
  1. Women:
  • $35.9 million have been granted for expanding the entrepreneur mentorship program for women.
  • Another package of $240.4 million is there to improve the workforce participation of women. This package will help a lot in providing financial independence to women and increasing their salaries.
  1. Regional workers:
  • All the regional workers who belong to the infrastructure field will be benefitted from a $30 million financial aid that is being provided to telecommunication projects (particularly those which are outside NBN fixed-line areas).
  • There would be another $100 million to help regional Australia especially the parts hit by Coronavirus and bushfires.
  1. Trainees and Apprentices:
  • There is a $1.2 billion package called Boosting Apprenticeships Wage Subsidy Package that is intended to create more than 10,000 fresh apprenticeships.
  1. Workers engaged in Aged care:
  • The Federal budget has provided $40.6 million for those who are eligible for aged care facilities. Such funding to enhance the aged care facility will help a lot in creating more jobs for those who are working in this sector.
  1. Workers in the energy sector:
  • As the economy of the country has been hit hard so the government is trying to cut down the power prices. The government can achieve it with the help of private firms. There is a grant of $250 million to make this possible. This in turn will create about 40,000 new jobs.
  1. Workers of manufacturing industries:
  • $1.5 billion has been granted to the six major sectors of manufacturing. Those sectors are space and defense, recycling and clean energy, medical products, mining, food, and drink. The majority of this fund will go in the projects of these sectors. This move is expected to create a large number of new jobs.

Though there are a lot of sectors where most of the people are getting a new job. It is based upon your situation whether you are eligible for one of these or not.

How to design a unique cover letter

As you all know what a cover letter is? In case you are not fully aware of it, it is a cover letter composed to apply for a job. The standard format of a cover letter is very simple. In the beginning, the person should mention his objectives for going to a particular company. And some other relevant things are mentioned later on.

As there are a lot of freshers in the market who have a little knowledge about designing their CV, Cover Letters, etc. And there are those persons who are trying for many years and that has made them better as compared to the freshers.

Here is a list of things to help you make your cover letter unique:

        1. Start with very careful sentences:

  • No matter whether you are applying for a job, tax training, or accounting training, you should always start with some sentence that seems unique to the reader. If you start in a traditional way, there is a chance that the employer will not read the whole cover letter. In the beginning, you should mention some of your most significant achievements. Keep in mind that the achievement is relevant to the job post you are applying for. This is enough to grab the attention of the employer.

    2. Try to look professional and be genuine
    :
  • Almost everyone is looking for an employee who will fit in the work culture of that company and the employee should think out of the box. Your sentences should be filled with a little bit of humor. This way you will avoid making sentences that include too many technical words. Your cover letter should be full of the things that you consider most important and you will consider speaking those things in your interview.

    3. Choose the templates properly:

  • These are the things that make your cover letter different from others. You should choose the templates that make your cover letter more precise to the point. There should not be extra designs that may annoy the employer. The design of fonts should be uniform all over the cover letter. You don’t need to think much about it because a lot of online platforms are available to design your cover letter.

    4. The Cover letter should be free from any mistake:

  • Most people care a lot about the other things and at the last moment, they prepare their cover letter or resume. At that point in time, it is very likely to have some spelling mistakes and other errors. These things are enough to ruin all your efforts. Even if you have missed a comma, that may also become a matter of concern. You should get your cover letter verified by someone who is better than you in checking these things.

    5. You can try to make a video for this purpose:

  • This step we don’t regard as compulsory but you can try if you are willing to do so. Videos play a very important role in telling a lot of things in less amount of time. But you should make a video which has good quality audio and video. Your employer should clearly hear what you are saying. Be in a completely normal state while shooting the video. If you complete this step carefully, there is a chance that your cover letter would be considered as unique among others.

Conclusion:

If you are unable to find a good source of information that may educate you about getting a good job or preparing for the job, Accounts NextGen is there to help you. We provide you the authentic information to help you get a good job. If you are living in Melbourne, you can choose from many accounting training in Melbourne or tax training in Melbourne. Courses related to finance are very helpful in getting a job in this environment.

How to handle tax stress in the COVID-19 time?

2020 was the year that every business of the world had planned for expansion, profitability, and stability. However, it gifted anxiety, fear, and challenges to individuals as well as to business houses. With Covid-19 overshadowing lives, jobs, businesses, etc., it would probably be marked as the worst year for centuries. At the individual level, safeguarding our health from the deadly virus became our priority. Simultaneously, people in businesses ran in the need to stabilize their mental health with the taxation period on the verge.

Preventive measures turned out to be the only solution for every individual, and likewise, CPAs came for the rescue of businesses. Covid-19 pandemic has increased uncertainty, and the task to maintain stability and accomplish official formalities is beyond the word called difficult. CPAs are the only clouds that could drizzle a bit and provide the pacifying cooling effect in the hot storm of dust and heat in the form of Covid-19.

Those owning an accounting practice are versed with the degree of stress involved in it. With pandemic hampering everything around, the anxiety has got deepened with financial and psychological aches. Overcoming or battling with such high intensity of stress may not be easy, but it isn’t impossible to cope with ideal tools and approaches. Ironically, clients look for their accountant as a tool for stability, control, and support.

It is noticed that many accounting businesses have undergone a handsome revenue drop up to 40 % or above. Many CPAs are devoting this phase on mere establishing relationships by providing services either at nominal prices or free of cost. It is quite evident that stress is showing an upward trend on the graph with income scaling downwards.

Dr. Grant Blashki, a renowned clinical adviser, states that people in business are strictly required to need to maintain their health, happiness, and mental wellbeing. A widespread prescription stores its solution like regular exercise, proper and fruitful intake of diet, adequate sleep, sticking to a healthy routine and socializing with friends and family. It is also essential to stay attuned with the virtual tools and use them in the best and advantageous way, establishing and allocating the time for WFH and family life. It is advised not to allow problems to elevate beyond your control.

Overruling the wheel of stress

Disrupted sleep and constant worry about lethargy and low energy are some of the alarming symptoms of stress. However, staying disconnected from colleagues, friends, and family leads to negativity and drops the performance. It is time to go for professional help if any individual quickly identifies these.

For those on a WFH or work from home mission, it is crucial to structure a routine, have the zeal to stick to it, and be in touch with colleagues. Avoid working late or staying awake late or sleeping when the sun shines in the sky. One should emphasize on refreshing and refocusing

Meditation is undoubtedly fruitful, and doing things that exhilarate you should be focussed. The main motive should be breaking the cycle of stress. Take out time from your schedule when only you and positivity rendezvous with negativity far off.  You may even try to form a gratitude list to distract yourself from problems and have a sheer focus on positive things in your life.

Few tips to drop down stress and pressure

Dr. Blashki states that his organization, Beyond Blue, has crafted a website referred to as Heads Up, which contains videos, articles, blogs, and interviews, especially targeting folks in businesses. In short, all the above content has the message and guidance of modes to stabilize business advisors’ mental health. It also offers tips on how they can aid others to come out of blues. It creates an opportunity in a way to strengthen the relationship with clients. With uncertainty all around in business, clients look for all-round support and advice from advisors. Extending support beyond fiscal issues would be valued more during this phase.

Another way out is to conduct workshops for clients to build mental peace and tips for managing the business in the rough patch. Helping others is highly effective in reducing problems and stress. You may find your problem almost negligible in front of others, and the peace obtained from helping others is incomparable. It imparts a great sense of achievement.

We all are dependent on each other, and a small effort in helping others in business or at a personal level can be a massive contribution to the community.

Some tips for tackling

  • Take time off from your business problems and drain your stress during it.
  • Be close and connected with family and friends.
  • Strike balance between work and home realms.
  • Reach out to the accessible resources for your mental stability.
  • Be aware of warning signs, such as fatigue and social withdrawal.

The High Demand of Accountancy in Covid-19

During the Covid-19 Pandemic, many youngsters and IT sector employees are suffering from a great job crisis. The deteriorating conditions are forcing the workers to handle the work from home through online connectivity or leaving the job due to the less demand for work. Indeed, the year 2020 has brought some terrible situations, especially for the private sector employees.

What study and researches are saying? 

A job survey has been done by the leading recruitment firm/organisation ‘Hays’ that says almost one in five workers are losing their jobs or facing trouble regarding their employment. But the profile of Accountancy is still in high demand.

According to the recent survey of Hays, the financial aspects like budgeting, data analytics, and accounting are quite high demand. These three jobs profiles are the most-trendy among the hiring agencies.

What do experts say? 

“We are currently observing slightly more hiring in some specific area. The hiring agencies are currently focusing on Accountancy. That is why we are noticing a slight upward in a graph of jobs”, Nick Deligiannis, the managing director of Hays (Australia and New Zealand).

He said, “The current situation and the Pandemic have changed everything. Every sector has been affected badly due to the current crisis. Most of the companies are now going towards the rebuilding phase and showing interest in the Accountancy profile for economic growth and management”.

“Approx. Forty percent of the firms are showing the cue to invest or fill the accountancy profile for 6 to 10 months to cover up the losses or manage the ratio of loss and success through smart strategies”, he added.

What skills are required now?

Undoubtedly, the Covid-19 has brought the entire private and government sector on the online platform overnight. Today, most meetings, assignment distribution, work submission, and conferences are happening online.

Zoom and Google-related online video conferencing applications are getting immense popularity and importance. And firms have fully recognised the necessity of digital literacy. That is why they now prefer the profiles which are well aware of the online world and digital process.

Now, let’s check out some areas in which Accountancy is now getting the immense popularity-

  • Taxation

The Accountant of a firm is responsible for planning taxation liabilities. During this tough time, companies are trying to rebuild and manage their economic structure and tax management areas where companies try to save a healthy amount.

  • Budgeting

It is quite apparent that this year commercial giants will try to make their plans that can benefits firms, and they are going to do some genuine strategy work that will manage their expenses and cost ratio. Accountants and management employees are mainly responsible for figuring out some great plans that can benefit the firms.

Conclusion:

These are the prominent reasons that suggest to us why we are observing the high surge in Accountancy jobs. If you are also planning to make a career in Accountancy or have some excellent Accountancy skills, then upcoming years will be great for you.

Be positive despite the challenges with these quick tips.

The whole world has been suffering from a challenge that has never seen before. And not only the Pandemic, but the year of 2020 has also brought numerous things that can easily strew the stable mind. Although, amid the great crisis, the people worldwide are defending and fighting against the virus war to safeguard the future.

It is quite understandable that the upcoming future will bring some significant challenges and obstacles that it would be hard for us to deal with them. The Bourgeois or small entrepreneurs would find themselves in a substantial hurdle. Still, there is only one thing that could help us: the positivity of our mind and serenity of thoughts.

So, let’s find some great ways to maintain the positivity of our mind and possibly strengthen our chances of triumph-

1) Accept the Rejections

Rejection and Failures are among the most significant events of our life that give us the biggest lessons. They teach us how to handle the toughest times of our lives and, most importantly, win the big battles against the contrary situations. It would be better for us to remember and embrace the failures to attain success and have positivity in mind.

2) Exterminate the Negative Approach

There is a popular cliché about life: ‘your recent actions are the reflection of your mental approach.’ A contrary approach is one of the biggest reasons why people find themselves amid the dilemma most of the time. So, it would be best for you to eradicate the negative approach that is dwindling your personality.

3) There’s always a solution

No matter how challenging the situation is through which you are going or facing your life’s hardest battle, it would help if you ever remembered that there is still a solution for everything. Raising your hands against odd situations or feeling defeated from challenges is the most natural thing, but having a sign of courage and striving against the challenges makes you a courageous man. Reach out to someone and have a conversation because these things are what genuinely are going to help you.

4) Meet some experienced people

We all are on a voyage of life. Some are handling and enjoying their journey well, and some of us are facing a few problems in the journey of life. So, try to meet and find someone who has already faced these challenges from which you are suffering. Share your issues and find out some learning from their stories.

5) Conversate with Positive people

Negative thoughts and stress are nothing more than a weak state of your mind. So, try to rekindle your mind and soul by having an optimistic conversation. Try to share your problems and find out some ways through positive stories.

Conclusion:

Positivity and Negativity are only the approaches of our minds. In which, one leads to the serenity and peace, and another goes towards the shambolic state. So, it’s up to you where you want to reach and love to enjoy life.

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