Bookkeeping Blog
Advice and tips for Australian Businesses
EOFY is approaching – are you ready?
Mmmm that question has made many people a little nervous this year.
I am not sure why, I think with the turbulent year of COVID and businesses being in lockdown and reopening, many people haven’t kept an eye on the expenses or they have been so busy because COVID brought more work into their business, they are way behind in their books.
EOFY is an extremely important time of the year for any business. Not only that you must have everything up to date, but it’s a good time to reflect on the past 12 months and look at how your business faired.
Many people will be worried because COVID had an impact on many businesses, some failed and had to close or they had to stand down employees, other businesses had the oppositive effect and had to put on staff to cope with the increased amount of business.
Either way, EOFY is only a few months away and now more then ever is the time when you need to outsource your bookkeeping to a qualified bookkeeper. Someone that can take that pressure off you or even just to answer a question you may have.
Many regulations and changes are taking place and Jobkeeper will be finished at the end of March. Please don’t hesitate to give me a call now and let me get you organised and up to date for EOFY.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!
Have you lodged your TPAR or have your forgotten to lodge?
Did you know more than 60,000 businesses in Australia are yet to comply with their lodgement requirements under the Taxable Payments Reporting System (TPRS). The due date was last August 2020, so the ATO will be chasing those who haven’t lodged.
Are you one of those 60,000 businesses in Australia?
Did you know if you have yet lodged, that you may incur penalties from the ATO. This is when contractors who have don’t report or under-report their income, it’s dangerous to do this and you will be caught.
In fairness, some businesses do not realise they need to lodge a taxable payments annual report (TPAR), but may be required, depending on the percentage of payments received for courier services or deliveries.
Businesses for example ie Restaurants, Cafes, Pharmacies, Grocery Stores and retailers have started paying contractors to deliver their goods to customers, especially since COVID. These businesses previously may not have needed to lodge a TPAR, but if the total payments received for deliveries or courier services are 10% or more of the total annual business income, then they will need to lodge.
Do you fit in this criteria?
It is what the ATO describe as the Black Economy. This is costing the community as much as $50 billion dollars. Other areas that pay contractors are those that provide road freight, information technology, security, investigation or surveillance services. If you do fit in these areas then you need to lodge a TPAR with the ATO.
If you are confused and think maybe I need help, then give Maree a call direct on 0429 363 047 today.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID.
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!
Maree is the Bookkeeper of the Future
Does your Bookkeeper keep up with the ever-changing pace of technology when it comes to bookkeeping?
Does your Bookkeeper help you and gives you advice when needed?
Does your Bookkeeper answer the phone over the weekend or evening when you have a question?
Well then, maybe you should switch to Maree Punzet from Maree’s Mobile Bookkeeping.
One thing with Maree, she keeps up to date with all the changes taking place in the world of Bookkeeping, she has a team of people that assist her from Marketing to even a Cleaner to clean her house, because 100% of her time is helping business owners like yourself, so you can concentrate on what you do best.
Can you say the same about your current Bookkeeper? I bet you, the answer is NO.
Maree is dedicated to her business, to her clients, it would be hard to find another Bookkeeper in Australia with that much dedication to the job.
Maree loves what she does, it’s ‘her thing’ everybody has a ‘thing’ they love and as much as your probably thinking, who could love Bookkeeping that much, well you haven’t spoken to Maree then.
Don’t waste your time, give Maree a call today on 0429 363 047.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!
