Have you been making mistakes because you have been doing your own Bookkeeping?

What is the likelihood that you may have been doing your own bookkeeping, but on review, you have realized there are mistakes that you have made and have already lodged your return?

Boy oh Boy, I would be one rich lady with the amount of times I have heard a new client tell me they have been doing their own bookkeeping for years and have realized they may have been making many mistakes over that time, which probably has cost them a lot of money.

Then don’t do it.

Outsource today to Maree’s Mobile Bookkeeping.

If I was a plumber or electrician, I wouldn’t expect you to know how to do bookkeeping, no different I wouldn’t be able to fix my plumbing or electrics at home.

Only work on what you are good at.

I’m amazing at Bookkeeping and you are probably an amazing Plumber or Electrician.

So, throw over your bookkeeping to me today and let me sort it out and I’ll call you if I need an Electrician or Plumber!!!

Maree’s Mobile Bookkeeping.
www.mareesmobilebookkeeping.com.au | 0429 363 047

 

Can you claim your bookkeeping fees at tax

Ok, you might think this is a simple question, but yes you can definitely claim your bookkeeping fees at tax time.

It’s an expense which of course is related to your business.

Yes they can claim their bookkeeping fees 100% just like there accounting fees and for me for eg as GST registered if the client is to they can claim back the GST of their fees each quarter.

So why wouldn’t you outsource your bookkeeping to me, as a GST Registered BAS Agent, Bookkeeper these are all the little things I know, that many other business owners wouldn’t.

Bookkeeping isn’t simple, there is so much to learn and know and the regulations keep changing, so if you want to know what you can claim and cannot claim, then let me handle all your bookkeeping needs.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047

Only a few months away to EOFY, time to review your finances

How many of you have actually recently gone through your finances for the last few months? I’m not just talking how January 2020 was when it comes to profit/loss, but I’m talking about reviewing the last 6 months.

We are now in January, well February 2020, so we only theoretically have March/April/May and June, so really only another 4 months before the EOFY.

That’s right 4 months.

Have you been making a profit?

Have you paid your staff correctly?

Have you paid your suppliers?

Have you been paid?

That’s right, how many people owe you money, have you chased these businesses for your money?

That’s the thing, when we are in busy, we are wearing so many hats.

As a Bookkeeper and BAS agent, it’s my job to keep track of all this for you each month. Sometimes I do have to make that call and do debt collection on a businesses behalf.

So does this sound like you?

Are you behind in your books, do people owe you money,well if any of the above resonates with you, then give me a call on 0429 363 047.

Let me get you and your finances up to date so when EOFY comes, it’s all smooth sailing.

Maree Punzet
Maree’s Mobile Bookkeeping
www.mareesmobilebookkeeping.com.au

 

Maree’s Mobile Bookkeeping is a Virtual Bookkeeping business

Check out the link here.
https://www.youtube.com/watch?v=GFDD201HOxM&fbclid=IwAR2NoNqA-MEw8ixQNxiD4duy7xaLoO0xQFw8pVdJMWQ2OpE75Zlo85FQ6G4

So what does this all mean?

It means we can offer bookkeeping services to clients Australia-wide.

The internet, current technologies and cloud services all make this possible.

We maintain clientele in several Australian states even though we are NSW-based.

One of the main questions I am asked is:

How do I send you my Source Documents (for example Bank statements)?

We use various methods to receive bookkeeping documents. These include Dropbox, Google Drive, Email, MYOB Capture App and even snail mail.

What are the advantages of a virtual bookkeeper?

I save you time and money, allowing you to work on, not in, your business.

Business owners are very busy with employees to organise, orders to place, and projects to complete. The list is endless. Scheduling time to be in the office when the bookkeeper is coming is difficult.

Small business owners, operating a home-based business, may not want an employee in their home and family space.

An owner may work from a formal office which does not have space for another worker, desk and equipment.

Owners of a retail store, pub, or café may not have room for a physical office.

A mobile business is unlikely to have a physical office.

Many business owners feel it will be challenging to work with a virtual bookkeeper.

They think they need face to face contact so they can ask questions.

This is not true. Everyone works virtually (remotely) nowadays.

There are Skype and Zoom for face to face conference calls.

I am only a phone call or email away.

If this video / blog resonates with you and it’s something you have been thinking about for some time and wasn’t sure how it all works.

Call me to discuss how I can do your bookkeeping virtually.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047

Six crucial employee awards and legislative changes to look out for in 2020

This link is a great little article and worth reading.

‘From 1 January 2020, employers must pay super on an employee’s gross rate of pay – including on any salary they have sacrificed’

http://anthillonline.com/payroll-expert-reveals-6-crucial-employee-awards-and-legislative-changes-to-look-out-for-in-2020/?fbclid=IwAR1qVUR6x0rZglht375VYqoW3tg6NEZKV8w6d2D6WxDMIjeqf2ukTOo8fj0

If you want to know more about this, please do not hesitate to contact me anytime on 0429 363 047.

Maree Punzet

Bookkeeper | Registered BAS Agent
www.mareesmobilebookkeeping.com.au

Only 6 months to EOFY

It might be only a few days short of Christmas, but we are actually mid-way throughout the Financial Year.

It’s only 6 months till EOFY, that’s right. Only 6 months!

I think people forget when June 30th comes around it’s the end of the Financial Year, not the 31st December.

Have you checked your paperwork recently, are you ready for EOFY, have you been entering data, coding correctly, keeping your BAS updated????

If not, then maybe it is time to outsource your bookkeeping.

Call today, Maree Punzet from Maree’s Mobile Booking
0429 363 047

Two Heads are better than one!

Peter the Accountant and myself have formed a great team a number of years ago. Some people like to have the option of utilising both our services in the one place.

Many times, Peter will have a client and send to me or visa versa or we work together on some business cases too.

It just depends what tasks are needed.

So, if you are in need of a Bookkeeper/Accountant, give me a call anyway so Peter and I can look after your business needs.

Maree Punzet
Maree’s Mobile Bookkeeping
04291 363 047

Don’t just take my word for it, outsource your Bookkeeping today.

Now just don’t take my word for it, check out my Google Reviews, here are just a few…outsource your Bookkeeping today.

A Photo by GD

Oct 14, 2014

Very reliable and efficient service, highly recommend and doesn’t matter if you are not based in NSW, we are in QLD and cannot fault her service.

Maree’s Mobile Bookkeeping

8 weeks ago

Thank you so much for your kind review. That is right, it doesn’t matter where my customers are within Australia, virtually I can help you wherever you are based.

Huia Hikaiti

May 28, 2014

Maree is a professional who is patient, friendly and has a vast wealth of experience. I know I can trust her completely with managing every aspect of my books. Highly recommend Maree’s Mobile Bookkeeping, particularly for all Outback and remote areas. Her service is impeccable.

Maree’s Mobile Bookkeeping

8 weeks ago

Ah that is too kind of you, thank you so much Huia.

Here is the link to read more:

https://business.google.com/reviews/l/02976743710101092860?hl=en

Maree’s Mobile Bookkeeping
0429 363 047

New Year, New Bookkeeper!

Isn’t it wonderful when we start a new year. We are all fresh as a daisy, clean slate and everything. This is when many businesses get in contact with me because they know it makes sense to outsource to a bookkeeper.

Why not start the new year fresh and squeaky clean. Get rid of the old ways of doing things, outsource the Bookkeeping to Maree Punzet, value your time more so you can work on your business.

Isn’t their new goals you want to achieve? You won’t be able to achieve them if you continually do your own bookkeeping, wasting your time, pulling your hair out at the never ending changes the ATO keeps coming up with.

So start fresh for the New Year, outsource to a new Bookkeeper.

That’s me…just over here…

Maree Punzet
Maree’s Mobile Bookkeeping
www.mareesmobilebookkeeping.com.au

How much time do YOU spend on bookkeeping per week?

This is a question I ask every single new client that calls or email or PM me, because most people say, I spend from this many hours per week to actually a full day over the weekend, just to enter my invoices.

That isn’t even including paying wages or following up invoices that haven’t been paid or BAS. Do you see where I am getting at.

Most people are spending pending on the size of their business from the sole trader to those with around 5-20 staff then to the larger businesses of 50-100 staff. Now your probably thinking a sole trader has the time to do their own bookkeeping, your wrong.

Most small business ie the sole trader are so busy working on other areas of their business that the Bookkeeping gets put to the side, in the too hard basket and many times this is where mistakes are made and when you’re a sole trader, you don’t want to be making mistakes or errors because it will cost you and as a sole trader you know that every cent counts.

Now for those that are medium or larger businesses that may or may not have their own accounts department, why would you think they would outsource to someone like me who works offsite. Great question.

The answer is to save money. Having an onsite Bookkeeper or Accounts Department costs money. Staff wages, super, leave entitlements, where they can outsource the same work to me at a fraction of the price.

Now look at your situation, are you spending 10, 20, 30 hours per week on bookkeeping?

Give me a call, because you will be surprised how little it will cost you and you have someone only a phone call away to answer any questions.

Someone that does your work without questions, is efficient…

So use your time wisely in business, outsource to Maree today.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047

Fair Work raids uncover 725 wage-theft victims and hundreds of “unaware” businesses

https://www.smartcompany.com.au/business-advice/legal/wage-theft-regional-fwo/

For anyone that hasn’t read this article, please take the time to click on the link.

A clippet from the article:

“A whopping 725 workers have been back-paid more than $330,000 after a series of Fair Work Ombudsman (FWO) raids identified worrying levels of wage theft in regional Victoria and NSW.

Less than three weeks after recovering $580,000 in stolen wages from regional businesses across Australia’s eastern seaboard, the FWO has unveiled the results of another series of inspections in Albury-Wodonga, Ballarat and Wollongong.

It found nearly half (47%) of the 489 businesses that received surprise door knocks were in breach of workplace laws, including retail outlets, takeaway shops, cafes and bars.”

In other words, there are many businesses that are not paying correct wages, businesses have breached workplace laws.

If you need any assistance with payroll, bookkeeping, BAS, even just asking a question, then please do not hesitate to contact me anytime on 0429 363 047.

Maree Punzet

Maree’s Mobile Bookkeeping

www.mareesmobilebookkeeping.com.au

0429 363 047

 

A Virtual Bookkeeper is the best way.

More and more people are utilising Virtual Contractors, ie Virtual Bookkeepers, Virtual Solicitors, Virtual Conveyancers, Virtual Assistants, Virtual Website Designers, Virtual Graphic Designers, you get my drift.

If I have a client in another state, it is no different to one in the next town to where I live. If the client doesn’t own a fax machine, which many don’t now, they just email or use Cloud. For example, MYOB has an app and you can take a photo and upload straight away. Or even if the client uses Xero or QuickBooks, they can take a photo and attach to an email or Dropbox or Google Drive.

Many larger businesses now work like this with staff working remotely from home.

It’s no different working with me as your Virtual Bookkeeper.

I have around 20-30 clients on my books at present and 100% of those clients are not even living in the same state as me.

Have I met them face to face, NO.

Do they receive 100% customer service YES

Are they happy with my service YES

These clients are long standing clients who I have looked after (virtually) for many many years.

There is no need to see a Bookkeeper face to face anymore and if you do, we can always use Zoom to actually physically see each other.

In this economy, heading into a new decade, technology has changed, so save yourself time and money.

Call me today..

Maree Punzet – Your Virtual Bookkeeper

Maree Punzet

Maree’s Mobile Bookkeeping

www.mareesmobilebookkeeping.com.au

0429 363 047

Do you need to be RESCUED when it comes to your Bookkeeping?

Need to be rescued?

Are you late on your BAS?

There are so many businesses that are behind, the ATO is cracking down on those that have outstanding BAS, Payroll liabilities, tax etc.

I specialise in helping businesses catch up and make sure they are compliant and up to date.

So, before the ATO come knocking on your door, don’t get caught, then contact me.

Maree to the RESCUE!!! (imagine me with my cape)…

 

Maree’s Mobile Bookkeeping…. specialises in Rescue work – are you behind in your Bookkeeping, BAS and/or Tax obligations, Maree Punzet comes to the rescue.

Maree Punzet

Maree’s Mobile Bookkeeping

0429 363 047

 

Did you know, Maree is a BAS agent too!!!

Here are some important facts:

THE FACTS
Since 1 March 2012 all skilled bookkeepers are required to be registered with the Tax Practitioner Board as a BAS Agent. To be registered as a BAS Agent you require:
• 1000- 1500 hours of experience
• Be a member of a professional association
• Complete a Certificate IV in Financial Services Accounting / Bookkeeping
• Complete successfully a Board approved course in basic GST/BAS taxation
• Continue their education on a ongoing basis to qualify to KEEP that registration
• Purchase Professional Indemnity Insurance annually

NOT ALL BOOKKEEPERS ARE LEGAL

Not all Bookkeepers in Australia are registered, educated or BAS agents. Actually, some of these bookkeepers are Virtual Assistants, or unskilled offshore individuals with no formal qualifications, others are freelancers on Airtasker, so next time you outsource, makes sure they have all the necessary qualifications and experience.
Maree is a qualified bookkeeper and BAS agent with over 20 years’ experience, registered with the Tax Practitioner Board as a BAS agent.

You are in safe and qualified hands with Maree.
Call Maree today
0429 363 047

Happy clients….

Check out some recent testimonials that I have received.

Just so chuffed to receive the feedback I do from happy clients. Honestly, I love what I do and when you receive these kinds of testimonials it makes what I do as a bookkeeper so worth it. As you will read below, these clients are not local, so when I speak with new clients who are unsure about outsourcing to a bookkeeper who may live on the other side of Australia, then feel free to call these clients yourselves

Here are two reviews

Review 1:
WOW!! I just want to let you all know what a fabulous job Maree from Maree’s Mobile Bookkeeping does. . By not having to spend hours sorting out my paperwork, I can focus on the core of my business She keep my payroll up to date including tax, super, holiday and sick pay records. Maree also works in Conjunction with a Tax agent and so co-ordinates my tax as well, so I only have to deal with one person… Now I don’t need it yet, but Maree is also a registered BAS agent so it’s good to know that when the time comes in my business to need someone to complete my BAS maree is able to handle this as well, and if I need an administration tasks done she is also a VA. It’s all so easy and even though I am in WA and she’s in NSW, we communicate via messenger, e-mail or phone and he can assist me with all my queries. So, don’t get stressed over your bookkeeping any more give Maree a ring NOW Chris Lukjanowski Green and Pristine Cleaning Western Australia

Review 2:
In running the pub, I just don’t have time to worry about my bookkeeping, with rostering and ordering stock to worry about so Maree is responsible for my entire bookkeeping function. She set up my MYOB. She handles all my data entry and bank reconciliations and BAS. Plus, she handles all my payroll needs processing of weekly wages, quarterly super and my end of financial year payment summaries. I am extremely happy. I feel that my Bookkeeper is really on top of things, keeping my records up to date, and more importantly ensuring their accuracy. I would have no hesitation referring Maree’s Mobile Bookkeeping to anyone who is looking for a competent and efficient book keeping service. Doug – Coronation Hotel Portland NSW.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047

A start up business can still benefit from outsourcing to a bookkeeper

Just because you’re a start up business and think you may not be able to afford outsourcing when you’re just starting your business, this is where you are wrong.

Outsourcing to Maree’s Mobile Bookkeeping isn’t expensive and this is where many young businesses fail. As your only starting out, many new businesses in their 1st year don’t know their numbers and this is where a bookkeeper can help. Also, if you look at outsourcing your bookkeeping, you can spend more time growing your customer base and increasing sales and in that 1st few years in business, this is where your focus should be, not worrying about your books.

I see many new businesses fail because they don’t outsource and if you start off on the right foot in business, the biggest success is outsourcing your bookkeeping right from the start.

Call Maree’s Mobile Bookkeeping today on 0429 363 047

There are so many reasons why you should outsource to a Bookkeeper

I’ll just give you a couple…

1. Save yourself money
Outsourcing to a bookkeeper there is no need to rent extra space in your office or buy purchasing equipment because when you outsource to Maree, she works from her home office, she has all the available equipment and software and this gives you more time to concentrate on your own business.

2. Your business is in the safe hands of Maree Punzet, a bookkeeper who has over 20 plus years’ experience.
Maree is a highly experienced Bookkeeper who has managed many clients over the last 20 years and is also a qualified BAS agent. She understands the industry inside-out and keeps up to date with all the changes within the finance industry.

3. Access to Accounting Systems
Because you outsource, you as a business owner can save more money as Maree has the latest accounting systems and technology.

So why wouldn’t you outsource to Maree
Contact Maree today on 0429 363 047

Do you have an AirBnB? Are you complaint and declaring your income?

If not, then you need to call me because the ATO are cracking down on those that have AirBnB’s and are not declaring their incomes.

One thing to note..DON’T TRY TO HIDE YOUR AIRBNB INCOME

The ATO can track your income and if your not earning a lot of money from your AirBnB it doesn’t matter, you need to keep your records. The ATO are cracking down on people who under-claim their rental income and this will lead you to pay back taxes, you will also incur new fines, penalties and even interest charges.

It’s not worth hiding your income.

So in a nutshell, if you aim to host a room or rent your property then you must know the tax implications of becoming an AirBnB host. You cannot under-claim your AirBnB income and you need to make sure you keep every single expense receipt.

Now if this sounds all too hard…then give me a call and I will sort your paperwork and make sure you claim all of your expenses so you can get the most out of those AirBnB tax deductions.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047

ATO eyes off over 300 businesses on South Coast of NSW…mmm..maybe they should have contacted me first.

https://www.accountantsdaily.com.au/tax-compliance/13703-ato-eyes-300-businesses-on-nsw-south-coast

This story just shows that the ATO is cracking down on many businesses and over 300 businesses on the South Coast of NSW have been found to be a higher than average number of overdue tax returns and business activity statements.
This just shows that you must keep up to date with your paperwork.

This is what my niche is, I help many businesses catch up and I do heaps of rescue work for clients. Those that are behind for the last few years is my specialty.

So don’t be like these businesses on the South Coast, give me a call and keep the ATO off your back.

Call me today, Maree Punzet | Marees Mobile Bookkeeping | www.mareesmobilebookkeeping.com.au 0429 363 047

Recent news about Woolworths under-paying staff

Now you must be living under a rock if you haven’t heard about Woolworths who have underpaid their staff and this made me think about writing this blog.

If they had of used a registered BAS Agent to prepare payroll and not an employee with no payroll training or have used an unregistered agent, then this problem would not have occurred.

This is a huge issue for Woolworths not only their reputation but financially to their shareholders, even their profit line because these payments will need to be backdated to all staff who have been underpaid.

So I wonder who’s head or heads are going to roll now with this problematic issue that will cost Woolworths…in a big way, not only financially but damaging to their brand.

Maree Punzet ~ Maree’s Mobile Bookkeeping ~ 0429 363 047

What’s the trend when it comes to Bookkeeping in 2019?

This article below explains more about those new trends that are happening in the Bookkeeping industry. https://www.thesmallbusinesslounge.com.au/bookkeeping/bookkeeping-trends-2019/

1. Automation + Cloud Accounting
2. Code-free processes
3. Blockchain technology
4. Open Banking

If you want to learn or know more, contact me today.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
W: www.mareesmobilebookkeeping.com.au

What is stopping you from outsourcing to a Bookkeeper?

What is the main reason that clients hesitate in outsourcing? I think the main reason is they feel they may lose control. This happens to every business owner, it’s like the first time you allow your child to go to a play date and stay overnight at someone else’s place, that feeling of losing control not knowing what is happening with my child, are they ok? Are they safe?

It all comes down to trust.

The same applies to many business owners, small or large, it’s that feeling of losing control and having someone else take care of their bookkeeping.

I ask clients everyday what is the main reason and they say, ‘Oh I’m nervous to outsource, this is my business, I don’t want anyone to do this for me as I’ve been doing it for years, but it’s just taking up so much of my valued time.’

But wouldn’t it be better to outsource to free up your time?

Wouldn’t it make sense to outsource to a Bookkeeper that has the knowledge and expertise in this area?

Many times when I first start with a client, there has been a mistake made by them, no fault of their own, because they simply didn’t know, because they don’t have the experience or skillset in this area.

People think Bookkeeping is easy, it’s isn’t. I have spent over 20 years in this industry; I do regular training to keep up to date with all the changes? I love what I do and I have to keep abreast of all the regulations.

How many business owners could say they do training in bookkeeping, or read all the changes that are frequently happening…none…

So why be afraid to outsource?

If this is you, I offer a free complimentary 15 minute chat with you to discuss your concerns and believe me, once you outsource to me, you won’t ever go back to doing your bookkeeping yourself.

Call me to discuss your needs today.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
W: www.mareesmobilebookkeeping.com.au

Are you one of my valued and long term clients?

I can see you put your hand up in the air.

Well I recently received some amazing testimonials of late, from long term clients and you know what….it really makes my day…

I love what I do..

It doesn’t feel like work, I enjoy bookkeeping so much, I’ve been doing this for over 20 plus years now and I couldn’t imagine doing anything else.

Yes…boring to you…but exciting to me..

So when I receive testimonials or an email from a client thanking me or thanking me for assisting them with an issue they were not sure on…it so makes my day.

So hands up who else would like to be another valued client?

Call me anytime and let me look after all your Bookkeeping needs and your BAS too!!!

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
W: www.mareesmobilebookkeeping.com.au

What is Maree’s point of difference compared to other Bookkeepers?

Maree’s point of difference is she has over 20 years’ experience and qualifications as a Bookkeeper.

She is also a qualified BAS agent.

She isn’t a newcomer to the industry still learning the ropes. She is experienced in all facets of Bookkeeping.

She works hard for all her clients.

She is only a phone call away if you have a question.

She works for you. It’s not just a job to Maree, she loves what she does and this shows in the extra care and due diligence she provides to all her clients.

So what are you waiting for?

Call Maree direct today!

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
W: www.mareesmobilebookkeeping.com.au

When you outsource to Maree you get the full package

Not only does Maree have over 20 years plus experience as a bookkeeper, she is also a qualified BAS agent and works closely with an Accountant.

Both Maree and Accountant Peter work hand in hand as a team if there is something an Accountant needs to view or sign off, then Maree has the luxury to give it to Peter the Accountant and visa-versa, if there are clients that only need the assistance of a Bookkeeper or BAS agent, then Peter will introduce Maree to those clients to look after.

This is a win-win for any client.

You receive the full package knowing that you are in the best hands when it comes to Maree Punzet.

If you are on the lookout for not only a great bookkeeper, but also an Accountant, then contact, Maree today.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
W: www.mareesmobilebookkeeping.com.au

ATO Toughens stance

Not sure if you are aware but the ATO is toughening their stance, as employers are increasingly being subjected to a rolling series of audits by the ATO.

It means if a business is behind on their SG obligations, the Tax Office is now taking a tougher stance on non-compliance.

In simple terms it means that with the ATO audits, employers are to check whether they had SG obligations. If for example an employer has been subjected to an audit in the finalisation letter there has been a requirement for them to provide evidence that they have also met their obligations for the last quarter.

It can be a little complicated but a business may have a years’ worth audited say for 2018 for example and if they haven’t complied with the obligations for the December quarter then the ATO will open up the file and audit their obligations from July 2018 through to December 2018. It means that an employer who is continuously not meeting their obligations when it comes to this, the ATO have a right to open up the file and be subjected to a continuous or rolling series of ATO audits. This would be a hard pill for any business owner to swallow.

So if you feel that this might be something of concern for you, please give me a call on
0429 363 047 to chat further so I can help you keep compliant.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
W: www.mareesmobilebookkeeping.com.au

Yes its that time of the year again, EOFY checklist for business

Now hasn’t this last financial year gone quick, it only feels like yesterday!! There are lots to do before the EOFY, so here is a simple checklist for you.

1. Ensure your BAS lodgements are accurate and up to date, if not, make sure you arrange an ATO plan.
2. Ensure your Super Guarantee (SG) contributions are accurate and up to date, if you have prior quarters outstanding, then contact me for guidance as soon as possible.
3. Are you ready for Single Touch Payroll (STP) as this takes place start date 1st July 2019.
4. Reconcile your payroll and get ready to provide your 2019 PAYG Payment Summaries to your employees ensuring that salary sacrifice superannuation contributions (RESC) and make sure reportable fringe benefits is correctly dealt with as there are a few changes this year, depending if you are reporting by STP.
5. If you are not reporting to the ATO via STP, you are required to provide 2019 PAYG Payment Summaries to your employees by 14th July 2019.
6. If you are reporting to the ATO via STP, you are exempt from providing payment summaries to your employees and from lodging a PAYG payment summary annual report.
7. Ensure all your records are compliant with the ATO.
8. If you carry stock within your business, the stocktake of inventory should be completed by 30th June 2019
9. Make sure you have reviewed your GST codes are assigned correctly to the Profit & Loss and Balance Sheet items correctly to ensure you are lodging an accurate BAS.
10. Make sure your personal expenses have not been claimed as business expenses
11. Makes sure any amounts in suspense have been allocated to the appropriate ledger account
12. GST & PAYG withholding accounts are reconciled to the June BAS
13. Make sure you have reconciled your Bank Accounts, petty cash, credit cards, loans and HP/Chattel Mortgages are reconciled.
Now there are many more things to list, but if this has scared the pants off you, then contact me today and outsource your Bookkeeping and BAS to a qualified Bookkeeper and BAS agent who has over 25 years’ experience in the industry.
Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
W: www.mareesmobilebookkeeping.com.au

Clients under TPAR regime set to be contacted by ATO

What this means is the ATO is sending letters to clients that provide road freight, information technology (IT), security, investigation or surveillance services to inform them of their new reporting requirements.

So as a Bookkeeper and qualified BAS agent, we are urging clients to speak with us immediately if you work within these industries as the TPRS regime for these industries will commence from 1st July 2019.

I can assist you by making sure all your records of payments made to contractors are up to date.

Contact me anytime.

Maree Punzet

Maree’s Mobile Bookkeeping

www.mareesmobilebookkeeping.com.au

M: 0429 363 047

Single Touch Payroll

What is Single touch payroll I hear you say?

Basically it means you‘ll be required to report salaries and wages, PAYG withholdings, and superannuation. Every time you pay your employees even if you are the only employee of your business (company director) you will still need to report when you pay your own wages.

 More jobs to do I hear you say..more valuable time that I will lose…

 So why not outsource this task to a Bookkeeper?

 Outsource your payroll, so you can focus on your core business. 

 By outsourcing you will save time, save money…and save a lot of headaches along the way too!

 Much cheaper to outsource then to perform this task yourself. If you currently don’t have the bookkeeping software and you are a small business and have been doing all your bookkeeping including your payroll in Excel, then instead of investing more money in purchasing payroll software, then Maree has a great deal at the moment to be able to provide you with a cloud based software solution at a hugely discounted price.

 The introduction of Single Touch Payroll (STP) and other legislative changes planned for the future require significant changes to the way your report payroll. These changes to systems and processes are not only costly but time-consuming.

Not being complaint leaves your business exposed and subject to heavy penalties. Single Touch Payroll (STP) is no different. It adds another layer of complexity to your business.

Having an outsourced payroll provider gives you peace of mind. Your payroll process and compliance obligations are streamlined and taken care of by a professional.

Contact Maree today to outsource your single touch payroll.

Maree Punzet

Maree’s Mobile Bookkeeping

www.mareesmobilebookkeeping.com.au

M: 0429 363 047

Some common problems and issues I encounter when checking clients documentation

Over the years I have seen everything.

Some of the most common problems, mistakes and issues I have found when checking    clients work when it comes to bookkeeping are :

1. Super: Super payments that have been entered into the superannuation expense account instead of the liability account, this effectively means claiming it twice, which then will cause problems when you do your Profit and Loss Statements.

  1. Loan Repayments: Again clients are entering this into their expense account and not their liability account with GST. There is no GST on loan repayments. Also loan repayments are not tax deductible, you can only claim the interest and depreciation.

If this might sound like you, please give me a call and let me go through your documentation so I can pick up any issues or problems now!

 

Maree Punzet

                Maree’s Mobile Bookkeeping

                www.mareesmobilebookkeeping.com.au

                M: 0429 363 047