Government Stimulus Package For Businesses Explained

The Government is acting decisively for businesses to address the significant economic consequences of the Coronavirus. The spread of the Coronavirus worldwide has expanded and is speculated to be more extensive. Both the international and domestic Governments have announced stricter mitigation measures to slow down the spread of the virus, which are resulting in significant economic impacts.  

On 22 March, the Government announced a second set of Stimulus package which, combined with the previous actions, total $189 billion across the forward estimates, representing 9.7 percent of annual GDP.   

Aim of these economic reforms is to help small businesses manage cash flow challenges and retain employees. Which includes cash flow support to businesses and providing temporary relief for financially distressed businesses.

  • Providing cash flow support for employers  
  • Temporary relief for financially distressed businesses   
  • Increasing the instant asset write-off   
  • Backing business investment  
  • Supporting apprentices and trainees 

In this article, we will take a deeper look at Specific to the business community, its components include:

  •   Change in the instant asset write-off (IAWO) from $30,000 to $150,000.
  • The access is expanded to businesses with total turnover up to $500 Million until 30 June 2020.
  • $3.2 billion by giving a time-limited 15-month incentive through to 30 June 2021 by speeding depreciation deductions.
  • Businesses with turnover up to $500 million will now be able to deduct 50 percent of the asset cost in the year they are purchased.

“This is a comprehensive, well-thought-through, a well-targeted plan, which is designed to support the Australian economy and jobs and businesses through the difficult months ahead,” Prime Minister Scott Morrison said.

Let’s look at a simple example: 

Consider a scenario, where one purchases some equipment before 30 June 2020 for $50,000 and write off the entire cost immediately while paying tax on $50,000, the equipment worth $50,000 eventually cost just $35,000.

What does this mean for businesses?  

There are several ways in which Australian companies can make use of these incentives:

Remote working

Companies across the globe have made work from home mandatory. Remote working is allowing businesses to keep running while encouraging employees to follow the guideline of social distancing.

The IT channel in Australia is efficient enough to help businesses transition from traditional working to remote working.

This includes all the technologies that help employees working from homes comfortably including laptops, monitors, keyboards, docking stations, remote collaboration and software that facilitate video conferencing along with better communication.

The need of secured devices

The Corona pandemic has increased the dependency of companies on technology services companies along with accelerating the demand for technologies that were already being used by companies.

Soon after the end of support (EoS) for Windows 7 was announced by Microsoft, the stimulus landed in. With the announcement comes the end of operating system security updates. However, Australian businesses still use thousands of Windows 7 devices.

There is a need to refresh the technology with the latest and secure devices.

Digital transformation

Modern technologies are an integral part of any small or large company. Businesses survive but thrive with modern technology.  

An effective digital business strategy is a bonus for companies to streamline their processes, customer and employee interaction along with delivering excellent customer service every time.  

The stimulus comes with an investment opportunity in digital transformation.  

This could include anything from a new infrastructure purchase to technology upgrades for modernization.

Talent attraction and retention

According to the studies, the latest technologies are the choice of millennials. This also becomes an incentive to attract, retain and train the best talents. In Australia, it is, however, becoming difficult to find, hire and retain potential people.  

A cutting-edge technology environment with advanced technology like conversational AI and programmatic advertising will help the Australian businesses operate smoothly. Such a working environment will also foster the professional development of employees.

Security, backup and disaster recovery

A pandemic like Corona Virus increases the importance of business continuity.   

Australia’s stimulus package presents huge opportunities for businesses to improve their technological environment. This can be achieved by making investments in areas including security, disaster recovery and security systems that otherwise not have been considered.

Data breaches are a new big challenge and every company is required to protect its data. A security audit conducted by external auditors may be helpful in such a scenario. The results obtained can be used for system up-gradation and ensuring that the right measures are at the right place.

The financial benefit

Businesses can move strategically by leveraging the tax advantage and preparing for the future.   Supporting businesses during a crisis of Corona pandemic with stimulus packages are great support for businesses in terms of improving their cash flows and enhancing the readiness and capabilities to recover.

Want a world-class telecommunication service?

Genesystel is here to help you! We offer fast, personalized, and cost-effective telecommunications solutions across the industries that help our clients communicate efficiently and deliver high standard services.

Overview of VoIP for Small Business

With so much to say to and share with coworkers across office buildings, a traditional phone line seems limiting to real communication. Modern businesses need people to be able to see each other and interpret body language when they negotiate.

Clearly, you need a communication channel that combines the benefits of a good old phone line with the visual connectivity of the internet. Nothing combines these two effects better than a VoIP business phone system.

What is VoIP?

VoIP or Voice over Internet Protocol is simply a means of transmitting sound as packets of digital information across an internet connection. You can enhance voice clarity and add video to make communication immeasurably more effective.

Business telephony systems using VoIP also have a host of other features such as call parking, auto call attendant, call holding and intelligent call routing. Without these features your customer or coworker can easily lose herself in the network.

Key Takeaway: VoIP is a system of making calls using the internet.

What devices do you need to install for VoIP?

All you need for VoIP to work is a pair of special handsets at either end of the connection and a working internet connection.

Let us explore the types of VoIP business phone systems:

Types of VoIP Phones

The two types of VoIP phones are:

Hardware Phones

Hard phones are like traditional cordless telephones. They come with an inbuilt speaker, caller ID, and a microphone. They offer business features such as call transfer, voicemail and conferencing.

Software Phones

Software phones are applications on your mobile and desktop devices. These softphones come with a caller ID and a touchpad. The user can make calls with a headset and an attached microphone.

Key Takeaway: VoIP requires configured handsets at each end of a connection.

Let us compare VoIP phones and the Private Branch Exchange or PBX phone systems you’ve been used to.

Differences between VoIP & PBX

VoIP PBX
ReliabilityVoIP call quality depends on the strength of your internet connection. Calls can drop or voice quality dip when there is a poor internet connection. Cloud hosted telephony services usually provide an alternative connection in case of failovers. PBX systems work on an independent copper network. Signals are subject to electromagnetic interference and drop in signal strength with distance.
Flexibility VoIP systems fare better in terms of flexibility. There is flexibility in terms of adding several users, and changes in requirements. The only limiting parameters are internet connections and the network’s bandwidth. On the contrary, a PBX system comes with an original number of analog phone lines. You need to buy additional capacity from the phone provider when your organization adds more employees or even call volumes.
Cost Factor VoIP fares better in terms of overall costs. This is because VoIP comes with light infrastructure and has a lower upfront cost. VoIP providers offer transparent metering and lower monthly bills. There is no requirement for generating separate bills for phone and internet services. PBX systems usually have a progressively increasing bill. If you’re a business user, you could end up paying extra costs for commercial use.

Key Takeaway: VoIP is easier to modify and more pocket-friendly provided you have reliable internet.

If you’re still undecided, here’s why you ought to consider a VoIP connection for your office.

Advantages of VoIP Systems

Benefits How?
Lower Costs The cost of using a VoIP phone system is lower than that of a traditional phone system. Long-distance calls become cheaper with a VoIP service provider since it uses broadband and calls require no extra cost.
Enhanced Call Quality A VoIP system offers HD voice technology and delivers amazing call quality.  Moreover, it enables the users to make phone calls, from any physical location – anytime and anywhere. So, the user can make calls, while on the go, even on mobile devices.
Scalability Today’s businesses require scaling up their operations, as and when needed. In the traditional system, with additional headcount comes an entirely new PBX system. On the contrary, a VoIP system offers the easier option of merely buying a new VoIP phone – since adding an extension requires just a click of the mouse.
Increased Efficiency A VoIP system integrates well with your CRM or ERP software. It allows voice enabling of these platforms with improved productivity and increased efficiency of the business.
Provide User-friendly Configurations The configuration options are higher for the VoIP system, compared to traditional phone systems. The former offers an easy to configure option. It can transfer calls to a specific number or multiple numbers, based on stated conditions like day of the week, time of day, etc.

Key Takeaway: VoIP is budget-friendly, clearer, scalable, efficient, and easy to configure.

Conclusion

VoIP phone systems are available at cost-effective rates. GenesysTel has a highly customized VoIP feature set that adapts to your business-centric telecommunication needs. You can get billing plans that are affordable, and support that is responsive throughout your business journey.

Want to know more? Connect with a VoIP expert today.

5 Things you need when looking for Fibre 1000

The Internet has a positive impact on your business, right from its inception. But modern companies require high-speed internet to stay ahead of their competitors and follow a path of accelerated growth for evolving into a future-ready enterprise. High-speed internet offers a sure-shot way to ensure the profitability of your organization.

Advanced technology like Fibre-optics forms the backbone of the high-speed internet services instead of the traditional copper technology-based services with speed as fast as 10,000 Mbps(1Gbps).

Fast internet connectivity offers various benefits such as – improved productivity, better collaboration among the employees, less degradation of signal strength, higher reliability and many such benefits.

In this post, we provide insights on what things your business needs to consider – while opting for a high-speed internet data solution like Fibre 1000.

5 Things you explore while looking for Fibre 1000

Fast Internet Speed for All

Earlier businesses allocated bandwidth to essential applications and less access to the non-essential ones. TPG Fibre 1000 offers enterprise-grade fibre network with 99.95 % uptime Service Level Agreement (SLA) along with unlimited internet usage.

It ensures that no teams in your business fall behind in terms of internet speed and bandwidth (which could hamper their performance).

High-quality Customer Service

Call dropouts and disrupted services cause immense headaches for any business. Right? It arises due to poor connectivity and improper customer support. Fibre 1000 provides high-speed internet services.

Moreover, Fibre 1000 drastically improves the performance of your business. It provides incredible internet connectivity, with increased ability to consistently perform for the clients with no disruption in connection.

Finally, it offers round-the-clock customer support. It enables your business to focus on the more critical aspect of strategic business planning. It saves you precious time for meaningful activities, like building ROI and driving sales.

Cost-effective Solution

Genesystel offers Fibre 1000 internet solutions over 24, 36 or 48 months. Your business can opt for a plan to suit your budget.

Moreover, 96 % of users have migrated towards the cloud. Fibre 1000 offers a clear advantage for your business as it enables to seamlessly access other cloud-based services of the likes of Software-as-a-Service (SaaS) that operate on the subscription-based model. It reduces the cost of your hardware.

Flexibility

Is your business in need of connecting multiple services with a single, high-speed fibre connection? Then TPG Fibre 1000 offers you the right kind of flexibility as it comes with a lightning-fast, symmetrical connection.

It offers flexibility as it dedicates the 1Gbps bandwidth – as and when required by your business. It enables access to your connection just for the internet or can be split across cloud, voice, data and internet services.

Futuristic Business

Are you in dire need to shape your business into a futuristic mode? Then Fibre 1000 is the right option for you to meet your stringent requirements.

It ensures the scalability of your business for future operations and keeps a watch towards the profitability of the company.

Conclusion

GenesysTel is one of the top-tier business internet providers in Australia. It offers a wide array of high-speed internet data solutions and with Fibre 1000 as its hot-selling product! It acts as a boon for your business facilitating higher productivity and effectiveness all  at prices more affordable than you think.

So, why wait? Just get connected with us for any further details.

Why Fibre Connectivity is Crucial for Small Businesses

Small businesses need fibre connectivity to be within reach of their customers at all times. When it comes to fast, reliable communication lines, nothing beats fibre optic cable. After all, you don’t want to lose a client over dodgy phone service.

You also need to give your customers multiple options to contact you. Your teams need to collaborate continuously, and a high-speed internet connection is a necessity, not a luxury. Australia’s state-of-the-art fibre optic communication network gives you access to more than 90% of its population.

What is a Fibre Optic Network?

Fibre networks use threads of glass or plastic to transmit pulses of infrared light instead of running electric currents over traditional copper wires. By manipulating specific properties of light, this technology can send information across large distances at very high speeds. These are the speeds that most Australian residents expect to work efficiently.

How is Fibre Different from Other Business Internet Services?

The large number of different phone and internet alternatives available out there could easily confuse the business buyer. What you need to know about fibre, copper, and wireless networks is the bandwidth that each can provide.

Fibre bandwidths can go up to 1000 Mbps – perfect for data-heavy teleconferencing or using applications on the cloud. Copper internet cannot go past a few hundred Mbps. Wireless networks have speeds comparable to fibre, but wireless signal quality goes down with distance from the broadcasting tower.

Why Fibre is Your Best Internet for Business?

Increased Speeds with Fibre Optic Connections

The same fibre optic cable that connects you to the internet can be used to make simultaneous phone calls while sending documents along. Fibre optic cables support internet speed ranges between 5 Mbps and 1000 Mbps. Slow connectivity can be costly in terms of person-hours lost waiting for files to download.

Weather Doesn’t Affect Fibre Networks

Internet over fibre is inherently immune to inclement weather conditions. Fibre is stronger and lasts far longer than copper. Electrical and physical disturbances cannot dislodge fibre optic connections. Signal quality, too, remains stronger over a larger distance than on traditional copper cables. Copper cables are known to suffer from signal degradation with distance.

Reliability

Fibre lines are more reliable than copper or wireless internet because unless the lines are physically cut, virtually no interference will occur with the light signal. Maximize uptime with 99.99% availability.

Large Files Transferred Quickly

You can enjoy a range of services with a complete fibre optic telecom package, including high-quality audio-video streaming, file sharing, and cloud applications on a dedicated bandwidth. 

By allowing your office personnel the ability to download large files at consistent speeds, you can push work faster, enable both sharing and operational transparency. This also helps you to increase collaboration and productivity.

Security

You can’t cable tap a fibre optic line or interfere with data that is being sent across by any simple method. If someone does manage to cut the cable, the signal will dissipate.

Data breaches need to be guarded against by law. You may face stiff penalties for such breaches. All companies, regardless of their size, are susceptible to security breaches, and one should safeguard against them with the best technology available.

Dedicated Bandwidth

By bandwidth, we mean the maximum rate at which information is transferred on the internet line. If there are many users on a single line contending for the same data demand, transfer rates get distributed among them.

GenesysTel offers an all-inclusive Fibre 1000 telecom service package designed for small businesses by combining phone, data, and voice. With 1:1 contention ratio, all the bandwidth is available to you alone. You get consistent and reliable connections round the clock. Get in touch with a Genesystel expert today.

Prioritizing Your Fixed Price Communication To Get The Most Out Of Your Business

There are over 14.7 million internet subscribers in Australia, according to the Australian Bureau of Statistics. Fibre connections grew by 22.4% average Year on Year. The typical savings businesses see after changing to a VoIP platform range anywhere from 30% to 50 percent. Virtually all companies see a reduction in their telecommunication expenses while the amount of savings may vary from case to case. The most significant price savings are realized by firms switching from an on-premise phone system, to a cloud-based phone system.

Let’s look at the financial impact of transitioning to a Business Grade VoIP Phone System

How does VoIP save money?

Zero Up-Front Cost

For small companies that do not complex requirement, the upfront costs may be zero. If you can manage with software applications on smartphones and computers, then there’s absolutely no need to buy anything. If a desk phone is required than VoIP phones can be provided within the fixed cost along with the features you need. Keep in mind that not all employees will need desk telephones and not everyone needs the version. We will take care of the updates, maintenance and security. All you need is each month, to pay the telephone bill.

There is no equipment

Unlike traditional phone system for small business, VoIP host critical programming in the cloud. That means that VoIP eliminates the requirement for in-house servers along with the ongoing maintenance fees. A hosted phone system means that everything is handled off-premise “in the cloud”, so the expense of VoIP and servers maintenance is shared among the readers and everyone saves.

VoIP setup and customization

With a VoIP deployment, setting up and programming features, users, and phone numbers is done online through a web interface. There’s zero hours, zero programming on-site. Genesystel supplies an easy-to-use web portal that handles all attributes of end user set up and call routing. Everything from making call groups to custom hold music that was uploading can be done on the online portal.

Making changes is simple and free

Genesystel complete solution enables anybody to manage the features without prior VoIP experience. Adding features, users, phone lines, and some other extras could be done without needing an on-site technician each time. As it is so simple to do everything on the internet, SMEs end up saving on the service cost for making any changes to the system.

Fixed Price, No Surprise

Unlike legacy Business Phone System, VoIP plans offered by Genesystel are based on fixed pricing model. This allows your business to forecast a per seat cost for your staff, thus enabling accurate budgeting for the business. Depending on your plan, complete solution allows you to make unlimited local, National and Calls to Mobile – starting from $ 50 Per Extension.

What are the Cost Benefits of VoIP?

While Business Phone system prices for a small business will vary, the advantages of VoIP for SMEs translate into significant upfront and ongoing dollar savings. Even through expansion and operational changes, the flexibility and convenience of a VoIP phone system keep prices and service issues in a minimum.

Switching to VoIP

Final advice for switching to VoIP – There are many telecommunications service providers in Australia offering VoIP services. As such, it’s critical for any business to conduct detailed review on features and benefits before making a switch. Genesystel’s fixed cost telecommunication solutions powered by Avaya and TPG can assure you a comprehensive solution for your small business, that will not only save you money but will also give you rich user experience over a robust telecom platform.

Upgrading your Phone System to Cloud

The widespread usage of emails for communication within work environment has still not been able to replace the importance of a telephony system. This is primarily because it’s much easier and convenient to have a quick 30-second conversation over the phone, rather than waiting for the respondent to take out time to open, read, and then reply to your message. For this reason, phones have always been considered the backbone of business operations, making the process of internal and external communication smoother.

The Traditional Way of Communication

For many decades, small or medium-sized businesses continued to hinge on traditional PBX (private branch exchange) systems. A private telephone network created to make all the internal communication free of charge did provide reliability and accessibility in areas without internet for many years. However, as  digitalization takes hold over the telephone industry, this system is seen to be becoming less common as it fails to match with the standards of advanced features necessarily required in today’s working culture. Some of the reasons behind this continued drop off rates are:

  • Cost: These systems require an onsite PBX box which costs up to thousands of dollars, along with hefty hardware and installation costs. Added to it are the physical maintenance and regular monitoring costs which makes this phone system extremely expensive.
  • User-Friendly: Along with lacking universality and flexibility in terms of set-up and configuration, features and maintenance, the traditional PBX system is not end-user-friendly. The users often find it hard and complicated especially when the system upgrades, additional lines are to be added and/or users are to be moved around.
  • Redundancy: Traditional PBX does not provide an effective backup solution. In case of a hardware failure, the PBX system of the entire company will not be operational.

The Changing Trend towards Cloud-Based Telephony 

With the rise of high-speed internet across Australia, a shift has been seen towards the adoption of cloud-based telephony systems that  is primarily based on Voice Over Internet Protocol (VoIP) technologies. As the name suggests, the telephone calls are sent and received in a VoIP system through the Internet, rather than by the usage of the analogue copper lines. The cloud-based hosted server ensures the facilitation of all aspects of a telephone system, which includes internal routing and transfer of calls to analogue phone lines, making it possible for anyone to call you regardless of the medium they use.

Benefits of Cloud-Based VoIP System for Small Businesses 

  • Reduces Expenditure

Unlike the traditional business phone system that is heavy on costs, this requires minimal investment in infrastructure with no need of purchasing a PBX hardware. All that you require in a VoIP system is a dependable internal network, internet access and your handset. Also, the advantage of paying only for the features you are using helps to cut down the costs further.

  • Trustworthy 

It is needless to say that today all businesses rely on their phones for an efficient workplace. The cloud-based VoIP system provides your business with different tools to alleviate risks associated with unforeseen hardware malfunction and therefore helps run the business smoothly. It acts like a 24*7 telephony system, guaranteeing its availability whenever you need it.

  • Scalability

Scaling up is a typical part of any business’s growth and expansion plan, but there are times when you may want to scale down by getting smaller and leaner. With a cloud-based VoIP system, scaling down can become seamless and straightforward as it simply involves letting the seat licences expire instead of renewing them. You are in absolute control of your capacity and costs.

  • Provides Unified Communications

This one solution allows integrating telephony with a range of other productive tools such as instant & convenient messaging, video conferencing from any part of the world and enabling staff to remotely collaborate and communicate more effectively.

  • Enhanced Customer Service

The cloud-based telephony system enables you to seamlessly record all your calls and enhancing the analytical capabilities and strategic decision making. It further helps you to build a transparent customer service function, promoting trust in your customers.

The Takeaway

The world around us is turning digital and so it is of utmost importance to acquire the right business phone system with the services of an efficacious telecommunications service provider. GenesysTel’s NBN ready cloud-based VoIP small business phone system, Australia is all set to take your business to new heights of success without compromising on quality. GenesysTel is a value based top telecom company in Australia, delivering smart business telecommunication solutions using state-of-the-art technologies for more than 15 years.