If you are using MYOB and want a way to collate expense receipts, download the free Capture app. Every time you spend money, take a photo of the receipt using the app and it will be uploaded to the in-tray within MYOB for you. Next time you log onto MYOB navigate to the in-tray, click… Read More Tips for MYOB Users
We have a detailed budget summary available for you on the newsletter page, which you can access by clicking here. I just want to clarify a few issues which have been raised in the past few days by clients. When will the reduced tax rates be applied to my salary? The ATO will release new… Read More Budget Update 2020
If you are not doing anything tomorrow, the 4th Oct, and fancy a wee drive out of Sydney, we would love to see you at the Bilpin Cider Co. 2369 Bells Line Road. Join us for an afternoon (or part thereof) relaxing in the sun, sipping Cider and listening to my band the Red Bills,… Read More A bit of Fun
As per my prior post, the Jobkeeper rules are changing after this weekend. Therefore all business clients need to check the following ASAP. Is my business eligible under the new quarterly turnover test, Am I and/or my employees eligible using 1 July as the reference date, and Which Jobkeeper rate applies to each person ie… Read More Jobkeeper 2.0 Deadlines
The JobKeeper extension passed in parliament last week. There are still some details to come, however we now know the main workings. These can be accessed via treasury on this link and I have summarised them below. The good news is that the payments for JobKeeper will remain as they are for the month of… Read More JobKeeper – 3 Major Changes you need to know
As you may have read, recent changes to the Jobkeeper rules mean that you may have employees who, although not eligible previously, are eligible now. The “one in all in” requirement still applies so you cannot choose to ignore this! It is the employer’s responsibility to ensure they have included all eligible employees. Therefore all… Read More Jobkeeper Urgent Action
You will have read about potential changes to the JobKeeper scheme which ends in its current form in September 2020. However, the reason I have not written about it yet is that nothing can be legislated until parliament sits on the 24th August. Additionally, in its current proposed form it doesn’t help the Victorians as… Read More JobKeeper Update
For those of you paying employees (and/or yourselves) via STP payroll there is a finalisation process that needs to be done by 31th July. (14th July if you have more than 20 employees) You no longer have to provide PAYG summaries, but you do need to send a final year end report to the ATO using… Read More Payroll Year End Action
As we roll into June, don’t forget that if you want to receive the JobKeeper payments for May there are two things you need to do now Make sure you have paid employees at least $1,500 pfn during May, run the payroll and submitted the single touch payroll report. Note this does not apply to… Read More JobKeeper Action Required
If you are a small business in NSW that has suffered a drop in turnover due Covid-19, you may be eligible for a small business grant of up to $10,000 Applications can be done on line. Check out this link for eligibility criteria and how to apply. https://www.service.nsw.gov.au/transaction/apply-small-business-covid-19-support-grant Lindsay 0413 952180
