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

Why would I need a Bookkeeping Health Check?

The reason every business needs a bookkeeping health check is it verifies the integrity of the data you are basing your business decisions on.

 

Maree is currently offering a FREE, yes you heard it right here….a FREE 1 hour Health check of your MYOB, XERO or QUICKBOOKS file.

 

Have you been doing your own bookkeeping? Or left it to the wife or family friend and still            not really sure if it’s been done correctly or not, you think so but just not 100% sure.

 

Your bookkeeping needs to be accurate, it’s like taking your car to the garage, or making an          appointment for a check-up at the dentist, we put it off until it’s too late!  But it’s not too          late to take up Maree’s FREE offer.. in the hour she will check the following:

 

  1. Make sure your bank reconciliations have been entered correctly and are up to date.
  2. Check the GST coding
  3. Check your coding of transactions ie have they been put to a expense account instead of a liability account.
  4. She will also check and make sure you are paying your Super, PAYG obligations.

 

If any of these points above resonate with you and you think there could be an issue, it could be costing you money.

 

If you need accurate reporting to know how your business is trading or even for a loan application you need accurate reports you can rely on.  At the end of the health check Maree will provide you with comments and recommendations regarding the accuracy of your books.

 

So don’t wait until something goes wrong, contact Maree today, she is a lady that is         proactive, gets on with the job at hand and will resolve any issues for you sooner, rather     than later.

 

Maree Punzet

                Maree’s Mobile Bookkeeping

                www.mareesmobilebookkeeping.com.au

                M: 0429 363 047

Check out my Newsletter

https://mailchi.mp/1c189a8c6cb3/apr-info-mmb

Don’t try to be the Jack or Jill of all trades, outsource your bookkeeping?

What I mean by this is, as a business owner you wear so many hats from operating your business, marketing, advertising, cash flow, talking to clients, doing the work, there is just so much going on all the time.

“But trying to be everything is a recipe for disaster, not success”

Have you reached the point of absolute physical and mental exhaustion and even though you have been doing your own books, there comes a time where you need to just let go?

This is our little list of the most important things you can do for your business and forget about being a Jack and Jill of everything….

  1. Sounds simple, but know what your good at.

    If you are good at cooking, or designing clothes, then stick with that and continue. Outsource the rest….

  2. Know your own numbers

    Understanding your numbers doesn’t mean giving up your business and handing it over. Knowing your own numbers is important, but letting go of the string and outsourcing your bookkeeping is vital for your business success.

  3. Get rid of paper

    Paper floating around the office only creates extra work. Store everything electronically and let the bookkeeper do the rest. We can help set it up for you, create systems so we can manage it seamlessly for you.

  4. Don’t try to do your own tax

    Focus on what your good at. As a qualified bookkeeper with over 20 years’ experience and as a Registered BAS agent, means we are licensed and able to advise you on all GST related matters, super useful when it comes to allocating things that can be claimed.

    So if you are getting to that stage and sick of being the Jack & Jill of your business then give Maree a call from Maree’s Mobile Bookkeeping on
    0429 363 047.

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

When to hire a bookkeeper

Here are our top 5 reasons why you should hire a bookkeeper.

  1. Your business is growing at a rapid rate and what once was a job you were able to do, you don’t have the time anymore to sit and go through statements.

 

  1. The time you are spending doing your own bookkeeping is actually costing you time as well as money, where you could be working on growing your business even more. Also this only increases your workload and the amount of hours per week spent at work each week.
  2. Treat the time you spend on bookkeeping as an actual expense in cash, outsource it to save $$$.
  3. You have found an error, but not sure how to correct it, hence why outsourcing to a Bookkeeper who knows MYOB and other bookkeeping packages can fix this quickly for you.
  4. Do you know all the new tax rules this year, if you don’t another reason to outsource to a bookkeeper.

So if you are nodding your head and agree to the above reasons, then it may be time to give Maree a call from Maree’s Mobile Bookkeeping on 0429 363 047.

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

Why does my bookkeeper need to sight my bank statements?

There are a number of reasons why we as bookkeepers need to sight bank statements and the main goal by doing this is to make sure there is a recorded balance of your business and the recorded balance of the bank match up.

Here is why we need to sight your bank statements and reconcile your bank feeds.

1. Validation – Data entry

Checking your bank statement we can pick up any irregularities, such as duplicating entries, entering wrong amounts and data errors.

  1. Accuracy of Financial Statements

This is such an important one, where we check that your financial statements match those of the bank. Sometimes, on rare occasions, the bank may make a mistake, so normally it is the business owner that has, so checking that these match-up is paramount.

  1. Tax Reporting

This may sound simple, but making sure your reconciling your bank statement correctly so we can generate a correct tax return for you.

This just enables us as your bookkeeper to monitor and spot any irregularities between your financial statement and that of the bank. It is also a precaution to control theft as it prevents employees or others from stealing from your company.

So to give you a prime example, we had a client once who had not done a bank reconciliation for 5 years. The client’s accountant had been doing the tax returns, but not checking it either. There were duplicated sales, missing expenses, everything you could think of. Therefore the client’s tax returns for the last 5 years were incorrect. So in this case, we had to go back and go through everything over the last 5 years.

If this sounds familiar to you, then save yourself, time and stress and call Maree’s Mobile Bookkeeping on 0429 363 047 and outsource your bookkeeping today.

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

Are you a Business owner who wants to save time, save stress, grow your business and make more money?

Then you need Maree’s Mobile Bookkeeping.

I don’t just punch the numbers, I read between the lines to provide you advice to help you achieve your goals, which will save you time; save you from stress and help you grow your business and ultimately make more money.

Just to give you an example.  A client of mine recently came to me and said his business wasn’t going too well. I asked him why he would say that, he explained that he has no money in the bank at all. I went looking through his Profit & Loss Statements and in fact the business was very profitable. I explained to him and asked him if I could research further and looking into his transactions and see why he doesn’t have any cash flow. Well what I discovered was he was drawing more from his personal fund then from the business account then he actually needed, which left him with not enough funds to pay the bills for the business.

So sometimes it can just be a small thing, or you’re just not sure. So if you think you may need some assistance then click this link below to book a free appointment to find out more how I use my proactive bookkeeping system and checklist to streamline your bookkeeping.

This doesn’t cost you anything, just your time, so click this link and I would love to have a chat with you about your business

https://calendly.com/mareesmobilebookkeeping

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

Exciting things happening for 2019!

Well we have all started a brand new year. Having reflected back on 2018, Maree’s Mobile Bookkeeping went through some massive changes and triumphs. We brought in a number of new packages for clients https://www.mareesmobilebookkeeping.com.au/store/ which have been fantastic for sole traders right up to large businesses.

We also updated our website www.mareesmmobilebookkeeping.com.au to reflect our brand as our old website was quite tired looking.

We also increased our client base by 25% from the previous year.  So this year is going to be our biggest yet with marketing our business on various social media platforms and channels and increasing our client base even more, our aim is 50% increase in 2019. So we have set the bar high for ourselves and know we will achieve it.

We want to be known as the No 1 Mobile Bookkeeping service in NSW, if not in Australia.

So if you want to be taken care of by the best in the business, then do not hesitate to contact Maree anytime to discuss your needs.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047

News Story – Changes since the 1st July 2018

It may be October and we have well and truly got over the busy time of Tax Returns since July 1st, but wanted to share with you all this story about the changes that have taken place since July 1st

If you need any clarification or help with your return or need assistance with bookkeeping, I am a qualified BAS Agent and Bookkeeper, and here to chat.

https://www.news.com.au/finance/economy/australian-economy/all-the-changes-coming-from-july-1-2018/news-story/09b37e3c5d153b87cef5e5d5ffc74956

 

Maree’s Mobile Bookkeeping
0429 363 047

One Stop Accounting Shop

There are many similarities and differences when it comes to bookkeeping and accounting. Lucky for you, both Peter who is a Tax Adviser and Accountant and myself as a Bookkeeper work together, so you have the best of both worlds. A ‘one stop shop’. For more information contact Maree or Peter on 0429 363 047

https://smallbusiness.chron.com/similarities-differences-between-accounting-bookkeeping-59002.html

Why do I need a Bookkeeper?

Why do I need a Bookkeeper, well a bookkeeper is like your nerdy paperwork best friend. I can’t put it any better than that, maybe not nerdy, but we are the ones that know all the ins/outs of how the Bookkeeping world works. We have been in business for over 20 years and offer a simple fixed priced schedule to suit clients from small start-ups to large businesses. We are registered BAS agents and experts in MYOB, Quickbooks and Xero. We look after clients from Brisbane to Broome and everywhere in between. We have clients in Tassie and as far north as Darwin.

It doesn’t matter where you are located, we can assist you.

The most common mistake we notice is many clients will try to save money and do the bookkeeping themselves to save money. But in the end, we find many clients have actually entered wrong coding and wrong information into the system and these small errors become large errors when it comes time to reconcile.

It is just cheaper and easier to outsource your work to a bookkeeper, hand over the paperwork to your nerdy paperwork best friend and forget about it. Why deal with the headache. We love this stuff, that’s what we do day in/day out.

So next time you consider obtaining a bookkeeper, give us a call, contact Maree Punzet from Maree’s Mobile Bookkeeping on 0429 363 047.

Package prices to suit all businesses

Recently I have changed a few packages around which will accommodate a cross range of clients.

From micro-businesses to BAS only packages to start-ups, small to medium sized businesses. These packages cover everyone from small to large. Feel free to contact me anytime via PM or mobile 0429 363 047 for more information

https://mareesmobilebookkeeping.com.au/store/

EOFY – Tips

When it comes to End of Financial Year time, people often forget a number of things they must have ready.

This is a link from the Government Business Page of essentials that you need.

httpss://www.business.gov.au/info/run/finance-and-accounting/accounting/essential-tasks-at-end-of-financial-year-eofy

One of the main ones I see all the time is people not using a registered Tax Agent or Bookkeeper. Peter from Tax and Accounting services and myself have been working together for many years.

We are basically a one stop shop. So we provide both bookkeeping and tax and accounting advice in the one place. There is no need to go to other businesses as well work together for our clients. The beauty is many clients don’t have to ring around trying to find an Accountant or a separate bookkeeper.

We formed our business partnership many years ago and it has worked very well. Not only do we help each other with our client’s needs, but it has been great building a solid model for our businesses and our client database has expanded over the years.

We cover everything from data entry and reconciling to BAS Statements to Tax advice. It has become apparent the number of referrals we receive because of our fantastic partnership.

So if you are looking for a one stop shop and needing assistance at the end of the Financial year with completing bookkeeping, tax returns and also advice when planning for the new Financial year, then let us do the hard work for you.

Contact Peter or Maree

0429 363 047

How the Bookkeeping industry has changed over the last 20 years

To be honest I cannot believe I have worked within the bookkeeping industry for over 20 years and have definitely seen many changes in that time.

What was once the traditional bookkeeper role I remember clients giving me a stack of receipts and paper bank statements, even to this day I do still receive paperwork in shoeboxes, but at that time all the information was keyed into the computer, including all their financial information.

This was quite time consuming in my early days of bookkeeping and there was no such thing as Facebook, SMS, PM etc. The old phone and email or fax machine was my forms of communication.

Compared to nowadays, us bookkeepers have had to adapt to different software, we now all have websites, we are probably a lot quicker and efficient having the likes of fantastic software packages ie Xero, MYOB and Quickbooks and now that everything is cloud based has made our lives so much easier. In fact with technology it has increased my client database to what it was over 20 years ago. I am able to take on more clients as the time it takes is much quicker then the old way of data entry and account reconciling.

The best thing now with technology in 2018 is the efficiency and being able to provide real-time information now to my clients is fantastic so I can provide up to date service there and then on the spot.

Any good bookkeeper will have solid accounting knowledge combined with quick data entry skills and also be knowledgeable about accounting software too.

So if you would like to know more information, please contact Maree Punzet from Maree’s Mobile Bookkeeping on 0429 363 047 or visit her website www.mareesmobilebookkeeping.com.au

Did you know UBER drivers need to be GST registered?

Now we all know Australia has been taken over by UBER drivers, UBER driving is on the increase. So I wonder if those drivers out there, realise they need to be GST registered.

In this article, the ATO is reminding people involved in ride-sourcing to make sure they understand their tax obligations. httpss://www.ato.gov.au/Media-centre/Media-releases/Don-t-take-your-tax-return-for-a-ride/

So for any UBER driver or ride-sourcing enterprise, the ATO is reminding those that they must be registered for GST regardless of their turnover and pay GST on the full fare.

If you are a ride-sourcing service and do not have a ABN (Australian Business Number) and GST registration, then this needs to be your first priority. Remember you can also claim tax deductions and GST credits within your business. For example your car, fuel, servicing, smartphone and data usage is all claimable tax deductions.

Even if you purchase something that is used for both business and private, you can claim the part that relates to your business use.

Most UBER or ride sourcing services they like to be called generally are sole traders, unless they have other formal arrangements for their business structure.

If you would like to find out more about this and need assistance in this area, do not hesitate to contact Maree Punzet from Maree’s Mobile Bookkeeping on 0429 363 047 or visit Maree’s website www.mareesmobilebookkeeping.com.au

Maree does more than just Bookkeeping!

If you haven’t already, you must check out Maree Punzet’s website, the link is www.mareesmobilebookkeeping.com.au

Maree doesn’t only do just Bookkeeping, Tax returns and BAS Statements, she also does Financial Management.

Maree has been in business over 20 years and has years of experience when it comes to Financial Management.

Wouldn’t you prefer to outsource this area of your business? I know I would!

These are the areas that Maree Punzet can help you with:

Accounts Management/Accounts Receivable

·       Invoicing, and basic debt collection cost is $70 a month up to 15 invoices.

·       Extra invoices are charged at $3 per invoice

Accounts Payable

·       She can process your supplier payments for you. Cost is $70 a month for up to 15 suppliers.

·       Extra supplier payments are charged at $5 per invoice.

Prepare all financial reports

·       Profit and loss, graphs to compare sales from one quarter to the next, or one year to another.

·       This is $200 a month per report and included will be dot point on trends and analysis.

Payroll Processing

·       1-5 employees = $110/month

·       5-10 employees = $150/month

·       10+ employees = $220/month

·       Includes payroll processing, superannuation calculation and lodgement, preparation of end-of-year payment summaries and electronic reporting with the ATO

So for the cost of actually outsourcing these tasks to Maree is small in comparison to your time. So if you want someone that can get the job done accurately and on time, then do not hesitate to contact Maree Punzet from Maree’s Mobile Bookkeeping on 0429 363 047.

Bookkeeping + Secretarial / Virtual Assistance

Maree is a qualified BAS agent and Tax agent facilitator, with over 20 years’ experience as a bookkeeper, she has worked both in the corporate world as well as being in business herself for many years.

She has restructured and remodelled her business to incorporate financial and secretarial tasks as well. So I suppose if you look at it, Maree is expanding her tasks to those who need help in the virtual world.

That doesn’t mean Maree will stop doing bookkeeping, but she felt the need to expand her skillset to other areas as businesses need help with expense reports, researching, data entry, drafting letters, updating policy and procedure manuals for example.

With the way the virtual world is changing, many small businesses are outsourcing many more tasks then they ever used too.

Financial Administration

Accounts Management/Accounts Receivable

  • Invoicing, and basic debt collection cost is $70 a month up to 15 invoices.
  • Extra invoices are charged at $3 per invoice

Accounts Payable

  • Processing supplier payments for you. Cost is $70 a month for up to 15 suppliers.
  • Extra supplier payments are charged at $5 per invoice.

Preparing financial reports

  • Profit and loss, graphs to compare sales from one quarter to the next, or one year to another.
  • This is $200 a month per report and included will be dot point on trends and analysis.

Payroll Processing

  • 1-5 employees = $110/month
  • 5-10 employees = $150/month
  • 10+ employees = $220/month
  • Includes payroll processing, superannuation calculation and lodgement, preparation of end-of-year payment summaries and electronic reporting with the ATO

VA/Secretarial Service

  • Drafting/Typing letters
  • Typing of Policy and procedure Manuals
  • Transcribing
  • Mail outs
  • Data entry of information into Excel
  • Document formatting
  • Proof reading
  • Event management
  • Organising and booking of travel arrangements

Secretarial services can be purchased in minimum of 2 hour blocks for $120, or take advantage of our bulk hour options below.

5 Hours

$300/month

10 hours

$600/month

15 hours

$900/month

So there you have it, the breakdown of tasks and costs for both financial administration and Secretarial / VA Assistance.

Contact Maree Punzet today, you won’t be disappointed.

Maree Punzet on 0429 363 047 or email maree.punzet@live.com.au or website www.mareesmobilebookkeeping.com.au

The guidelines of paying GST as a small business owner

When it comes to paying GST as a small business owner there are a few facts you need to know.

This is taken from the ATO website as of 4 April 2017.

Link : httpss://www.ato.gov.au/Business/GST/How-GST-works/

What you need to do for GST

If you run a business or other enterprise and have a GST turnover of $75,000 or more ($150,000 or more for non-profit organisations), or you provide taxi travel (including ride-sourcing) – you need to:

So as per the link above from the ATO website, you need to be earning more than $75,000 to actually register for GST and $150,000 or more for non-profit organisations. Many business owners are not actually sure how much they are earning or know how to lodge activity statements or claim GST credits in the price of their business purchases. It gets very complicated and for a small business owner who hasn’t had exposure to any of this before, it can really be quite daunting and overwhelming. That is why as a qualified Bookkeeper, my clients just hand it all over to me and say “Maree, can you fix this and work this all out and just let me know what I have to pay!”

That’s a common theme or comment I receive. So when it comes to GST, there is so much more you need to know. Even if your business hasn’t reached that level yet, but your getting close to earning $75,000 or more, it might be time to contact me to assist you so the transition is not stressful.

Don’t get in the habit of leaving things too late, even if you are a new business and haven’t even looked at GST, it’s better to start early and have your paperwork in order.

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

Doing your own bookkeeping – it’s a big mistake as a business owner

Many business owners think that because they are a small business, that they can do their own bookkeeping to save money.

Well that is probably one of the biggest mistakes I hear and see from many of my clients, they think they can do it all at the beginning to save money, but in the end, they not only waste a lot of time but money. I find that’s when small errors become large ones down the track.

Even though there are so many software packages to use out there in the marketplace for the small businesses ie Xero for example and many business owners feel they can use the software and there isn’t the need for a bookkeeper. Well there is so much more to bookkeeping then entering your expenses and income for the month. Many business owners don’t understand bookkeeping or they have their wife or sister do it for them, when in the end I receive the phone call from the wife or sister asking how to do something.

We all own vehicles, but do we all work on our vehicles each month or every quarter and service it. Maybe we can change the oil or put air in the tyres, but do we really know how to service the vehicle correctly with all the electronics. No, we take it to a mechanic, who is qualified and trained in this area. The same applies as a Bookkeeper, I have studied and worked in the industry for over 20 years and have learn’t all the aspects and know of all the current changes within the industry.

So next time you think you can do your own bookkeeping yourself, then think again. Do you really know all the in’s/out’s when it comes to bookkeeping?

Contact me today : Maree Punzet on 0429 363 047

Money, Money, Money

Now that is a great bold heading isn’t it? Gosh money, money, money, wasn’t that a song written and sung by ABBA?

Well I’m not going down the musical path in this article, but I do want to talk about money. Why is it so important to small businesses? Money is ‘gold’ when it comes to small business, all businesses large or small need cash-flow. Money helps pay the bills, helps expand a business, pay’s the employees and also helps to pay for marketing and websites and a new CRM program or equipment and material for example. It is one thing we all need. Though when it comes to business, it is one thing we seem to not have a lot of, or we are always chasing clients for payment.

This is where a ‘bookkeeper’ comes in handy, making sure your income and expenses are entered into correctly, that you are aware of your profits and losses, how much tax you have to pay. Your incoming and outgoing expenses and just the general efficient running of the ‘money’ side of your business.

So why don’t all businesses utilise a ‘bookkeeper’? It is the most important job to do for any business owner. If you are out there making sales, getting work in only to not receive dividends of your hard work, then basically you are working for ‘fresh air’. No one wants to work for ‘fresh air’ we work for ‘money’. I hear you saying, but we do it for the love of it, deep down we all know we still do it for the money. That’s what business is about, it is difficult at times and some months are better than others, but don’t let this part of your business fail, because if it does, there won’t be a business.

Review your business model, look at utilising a bookkeeper and know that you will have ‘money’ always in your account, not ‘fresh air’. Contact Maree Punzet from Maree’s Mobile Bookkeeping, I help so many clients around Australia, let me help you too!!!

Are you aware and are you at risk of bankruptcy as a small to medium business owner?

The ATO has issued that many small to medium sized businesses in 2016/2017 are at risk of bankruptcy which will destroy thousands of small to medium sized businesses within Australia.

Unless the Turnbull Government reverses this damaging arrangement, business owners have until June 30th, 2017 to get their affairs in order. This in turn will require small business owners to complete back-end paperwork rather than concentrating on running their businesses.

“It has been quoted that from 1st July 2017, the Australian Tax Office has been granted access by the Federal Government, by an amendment to the Privacy Act, to access Credit Reporting Bureaus client files, to list credit infringements where an alleged tax debt amount is >$10,000 and older than 90 days. This applies to companies and individuals that carry an Australian Business Number (ABN)”

If you would like to obtain assistance to get your affairs in order and find out more information, then do not hesitate to contact me anytime via email, PM or phone or via my website.

Contact me today.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047

Bookkeeping’​ is like a box of chocolates

So true, like the story of Forrest Gump. ‘Bookkeeping’ is like a box of chocolates, you never know what your going to get.

Each client that I work for, come from different areas, backgrounds and industries. When I receive their paperwork, believe me, it is like a box of chocolates. Hand written notes on post-it’s, shoeboxes full of receipts, emails explaining different expenses.

It can be quite humourous as many clients absolutely detest this part of their business, that is why they outsource to me. So let me get your ‘chocolates’ in order and fix your bookkeeping today.

Contact me today.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047

Bookkeeping’​ Should be at the TOP of your list, not LAST……

When I do bookkeeping for many clients, it’s something most clients leave to the last minute or it’s the last thing on their to do list. It’s like “I’ll get around to it, next week, or someday.”

This is when a Bookkeeper like myself comes in handy. I receive many enquiries on a daily basis whereby a client has got so behind with their paperwork and they haven’t lodged a BAS statement and they start to panic.

This is what I enjoy the most, fixing and correcting and updating clients paperwork ie entering all their data of income and expenses, Quarterly BAS reconciliations and more. So if you think your in a mess with your paperwork or your feeling overwhelmed by it all, then give me a call. This is what I do, so you will never behind again.

Contact me anytime on 0429 363 047 or email or PM.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
E: maree.punzet@live.com.au

W: www.mareesmobilebookkeeping.com.au

The “ATO”​ are targeting “cash”​ type businesses, are you one of them?

The ATO is targeting “cash” type businesses for example if you own a Cafe, Restaurant, Hairdressers or Beauty Salons. Two of my own clients are now being audited by the ATO. So this is why I assist businesses with their books and make sure they are up to date before the ATO come knocking.

This excerpt was taken from the Sydney Morning Herald  https://www.smh.com.au/business/the-economy/ato-cracking-down-on-cash-economy-20140825-1082c9.html “The Tax Office is cracking down on the black economy, targeting businesses that are not declaring cash revenues, from restaurants through to home cleaners, in a bid to bring billions of dollars back into the tax net.” “Business owners do not understand the risks of handling cash, including robbery, fraud and . . . the fact that until you cash the money at the bank it has no value.” Mr Hardy said “there’s nothing wrong in operating in cash . . . as long as it declares the income.”

That’s right, as a small business owner, there are no problems when it comes to operating in cash, but as long as you declare the income and that’s where some business owners get stuck!!

So if you know you are behind in your books, let me assist you today.

Maree Punzet
Maree’s Mobile Bookkeeping
M: 0429 363 047
E: maree.punzet@live.com.au
W: www.mareesmobilebookkeeping.com.au

Why use a Bookkeeper/Registered BAS agent over your Accountant to do Bookkeeping?

A bookkeeper like Maree from Maree’s mobile booking is a Registered BAS Agent who is professional, certified, qualified and registered. Bookkeepers usually work as freelancers for small businesses. Bookkeepers maintain daily accounting records, posting debits and credits, generating invoices for client as well as handling payroll.

Whereas Accountants usually work in larger businesses and are degree qualified.

The reason a Bookkeeper who is a registered BAS agent should be utilised over an Accountant is they still do the same role, they are still certified and a Bookkeeper does cost much less than utilising an Accountant.

If I had the choice of either one, I would always use a Bookkeeper for anyone who is in small business for themselves. Bookkeepers niche their service and their target market is small business, whereby accountants market themselves to larger organisations.

A Bookkeeper provides the following services and as a small business owner why would you choose otherwise?

BAS & ATO Compliance ~ Monthly IAS, Quarterly BAS, Annual Reconciliations, Payroll Processing.  Your BAS will always be lodged on time.

Payroll & Superannuation Processing ~ Why worry about the complexity of all the different awards and obligations.  A bookkeeper can take care of all of this for you and you can take care of your business.

Cost Effective ~ Much more affordable than employing and training bookkeeping staff.  They have packages designed specifically for small – medium business owners and sole traders, to ensure you get exactly what you need for a low-cost, fixed price.

Accurate & Reliable ~ Your financial information is accurate and kept up-to-date.  I can deal directly with your accountant if you wish.

Experienced & Qualified – Qualified and Registered BAS Agent

Small Business Expertise ~They understand the needs of small businesses, as they are one too.

Business Reporting ~ Profit & Loss, Balance Sheet, Debtors, Creditors and more.

Versatile ~ Can complete your bookkeeping fortnightly, monthly or quarterly.  They can do as little or as much of your bookkeeping as you want.

Confidentiality Assured ~ All information is kept strictly confidential and secure.  I will never talk about you or your finances to anyone else, without your permission.

So if you are on a tight budget as a small business owner, why not utilise a Bookkeeper over an Accountant. Contact Maree from Maree’s Bookkeeping Service today on 0429 363 047.

The benefits of using a Virtual (Mobile) Bookkeeper over an Employee

Each day I receive enquiries from new clients asking me what the benefits are in utilising a Virtual Bookkeeper over an Employee. The simple answer to that question is YOU WILL SAVE MONEY.

Just imagine you are the client, you’re weighing up the options of which way to go, do I start advertising in the local paper, on seek.com or asking people for recommendations for a new staff member. Do I really want to go through the shortlisting, interviewing and ultimately in the end employ someone that may not work out. Then have to go through the whole process again to possibly be disappointed once again.

No Way..

As any small business owner would know, most are too busy to interview for staff and you need to consider expense in wages to pay for this employee?

I would much prefer to employ a Virtual Bookkeeper and these are the reasons why:

As a small business owner who is based at home, I don’t want someone onsite regularly coming into my home and family space, using a Virtual Bookkeeper is great, everything is done “Virtually” by email, phone, and cloud.
I don’t really have the space for a staff member. Nor do I have the money for a desk and office equipment, phone etc

That’s right the extra expense of paying sick leave, holiday leave and superannuation.

A Virtual Bookkeeper saves time, money and stress. Why would you consider an employee, it doesn’t make good economic sense?

So contact Maree from Maree’s Mobile Bookkeeping today on Mobile: 0429 363 047