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The Countdown to EOFY

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Here are some Key Dates for June for the countdown of EOFY

June 30th is EOFY. All new transactions from 1st July will then go into your FY22 books. The next month of the EOFY will focus on closing out the Quarter 4 obligations.

Key dates in July 2022

With your Quarter 4 reports completed, your EOFY calendar now shifts focus to annual reporting. Which means getting things ready for your Bookkeeper/Tax Agent.

Key dates in August 2022

Make sure you have your Financial Year 2021 books showing every transaction. Make copies of all receipts and invoices ready to give to your Bookkeeper/Tax Agent.

Key dates in September 2022

Make sure you have scheduled time with your Bookkeeper/Tax Agent to work on your return. As end of EOFY could end up costly, if your documentation isn’t in order.

Remember the best thing to do is outsource your Bookkeeping to me, so everything is in order to the lead up of EOFY and also into the new financial year.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

The ATO are issuing penalty notices

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Did you know that the ATO are issuing 30-40 penalty notices a day and this is rising?

That is 30-40 director penalty notices every business day and the ATO have begun referring taxpayers to credit agencies as it steps up debt collection post COVID.

The ATO have sent letters of action, unless the director took immediate steps to address the company’s obligations.

The ATO has expected that there will be a number of insolvencies to occur over the coming months as the economy normalizes. The ATO definitely helped businesses facing challenges during the early period of COVID, but now are back at shifting their focus on debt collection.

The ATO announced that 20,000 taxpayers have already responded to the awareness letters by making payments or entering into payment plans.

If you are one of these people, don’t stick your head in the sand, even if you cannot pay the full amount owed straight away.

It’s not worth the penalties, give me a call and I can help you and setup appropriate payment arrangements.

Give me a call direct 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

Don’t let an Accountant do your bookkeeping!

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This is a pretty bold statement, coming from a bookkeeper!

But to give you some clarity, having an Accountant do your bookkeeping, is like going to a Hairdresser to get your car fixed, you don’t you would go to a Mechanic.

Do you get my gist?

I am not trying to put down what Accountants do, but when it comes to Bookkeeping, Accountancy is very different to bookkeeping. An Accountant, might be a specialist in tax related matters, but unless they are a bookkeeper, they should not touch anything that is bookkeeping.

Bookkeeping is what I do, I look after clients’ books, I get everything in order. From recording transactions such as income and outgoings, to posting them to various accounts, processing payments, payroll, conducting daily banking activities, providing various financial reports and reconciling reports to third-party records such as bank statements.

Accountants don’t do that, they look after the bigger things ie tax related matters, preparing tax returns, offer guidance on cost reduction, revenue enhancement, profit maximization, risk analysis assessments, making sure documentation is compliant with relevant laws and regulation.

That’s why it’s important to come to me first for your bookkeeping. I work closely with an accountant, that I can recommend to you, but come to me first for all your bookkeeping needs.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

What are the key accounting trends to watch in 2022

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New technology is the big one when it comes to bookkeeping and accounting. The shift to digital transformation has accelerated during COVID and changes to remote working practices.

The growth opportunity for auditors has also increased, showing that during the pandemic that from a business perspective, those businesses had to become increasingly accountable, not just for their finances but for the sustainability of their operations.

Consumer demand increased during this time and many businesses had to adopt changing working practices.

Artificial Intelligence (AI) has completely changed the face of accounting operations, it has helped reduce errors, optimised workflows, whilst still assisting with real-time business decisions based on data driven insights. Demand for AI based accounting software has increased, due to the rise of digital payments, fuelled by the pandemic over the last few years.

Lastly is cryptocurrency, though still in its infancy, and increasing number of agents are adding this to their skillset. The demand for cryptocurrency services is growing rapidly and expertise in this area is niche. Presenting a significant market opportunity for accountants to seize.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

The top 5 Bookkeeping habits you should start if you own a business

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With 2022 in full swing, it’s definitely time to pick up some great bookkeeping habits that will enhance the rest of the year.

1. Keeping the proof of your purchases.

The number of times I speak with business owners who have not kept receipts, get themselves in all kind of trouble. If you can keep a proof of purchases, ie receipts, these receipts will help in determining your cash flow, the more data we have on hand, the better. You can save your receipts using different tools, create a digital space that stores your receipts. There you can share them with me as your bookkeeper.

2. Setting up due dates for business payments.

Business payments are things like rent, utilities, taxes, payroll. Missing any of these payments can cause major issues for your business. The best way to avoid this, is by setting reminder on the due dates of these payments.

3. Keep a petty cash system on hand

Petty cash is there to help your business with small expenses. For example, office supplies, reimbursing employees for expenses. The fund is generally only filled with a few hundred dollars and exists to keep track of the small expenses that staff often forget to hand receipts in for.

4. Record your receipt and invoices

This one is so important to keep in order. Keeping receipts in numerical order, categorised by date allows you to streamline your bookkeeping. You will then have a audit trail which makes it easier to track back if needed. This helps bookkeepers find specific receipts or time periods easily.

5. Get a bookkeeper

That’s where I come into the equation. The best thing you can do for your bookkeeping in 2022 is to outsource to a bookkeeper. I can make running your business far easier, taking those time-consuming tasks off your plate. Ensuring accurate regular reports are completed, ensure your data is available to use. This will also ensure you have the latest data to back your business decisions, bringing clarity and confidence to any business owner.

If you would like to have a chat with me anytime, please text, call 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

Why you should outsource payroll?

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There are a number of reasons why you should outsource your payroll to Maree Punzet, Bookkeeper with over 20 years’ experience.

  1. Do you know the changes to the threshold for Superannuation are increasing?
  2. Do you know that STP 2 is changing too?
  3. The reporting side of Bookkeeping is getting more complicated each month, with new reporting changes that the ATO are after, there are more chances of you making mistakes, gone are the days when payroll was easy.

Does this sound all too familiar?

Then why don’t you outsource your payroll to Maree today.

Let her take care of this for you.

Give her 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

Cost of outsourcing vs time to do your own bookkeeping

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Have you considered the time it takes to do your own bookkeeping; it far outweighs the cost of outsourcing?

If you think about it….consider your hourly rate x multiply by the amount of time each week that you do bookkeeping, from payroll to BAS to entering data.

Would you think it would be 5 hours per week?

It would probably be more.

You are probably averaging at least 10 hours or more a week to bookkeeping.

If you multiply that by your hourly rate, you would be surprised the amount of money it is costing you.

Plus, are you a bookkeeper yourself?

Probably not.

Why wouldn’t you outsource to an expert?

Someone that has had over 20 years’ experience like Maree Punzet has?

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

Removing the $450 per month threshold for super guarantee eligibility

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It was announced on 11th May 2021, part of the 2021-22 Federal Budget that the Australian Government announced it would remove the $450 per month threshold to expand coverage of super guarantee to eligible employees, regardless of their monthly pay.

‘The change is now law by the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Act 2021External Link with royal assent on 22 February 2022.

From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid.

Employees must still satisfy other super guarantee eligibility requirements’

Did you know employers will need to check their payroll and accounting systems have been updated for super payments made after 1 July 2022 to ensure they correctly calculate their employee’s super guarantee entitlement.

I am sure many employers have not been updated, if you need help in this area, please give me a call direct 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

 

There are penalties for overdue TPAR

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All Taxable payments annual report which stands for (TPAR) must be lodged by 28th August of each year.

If you have clients who make payments to contractors, they may also need to report these payments in a TPAR.

The ATO have applied from 23rd March 2022 that they will apply failure to lodge penalties to those who

  1. Did not lodge their TPAR in 2021 or the prior year
  2. Have already been sent three (3) non-lodgement letters about their overdue TPAR
  3. Those that did not respond to follow up phone calls about their overdue TPAR

The ATO are cracking down on clients, so don’t be surprised to receive a phone call or your clients about their overdue TPAR.

The best thing to do is remind your clients

  1. They may face penalties for an overdue TPAR
  2. They may if necessary, lodge a TPAR by 28th August each year
  3. They need to keep good records making it so much easier to prepare their TPAR

Here is the website link on how to lodge TPAR, and how to prepare, record and report.

Otherwise give me a call on 0429 363 047 and I will be able to help you.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Is your business avoiding its debts?

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As a consumer, you may or may not know someone that has been affected by a dodgy business that has shut down to avoid paying its debts.

We have seen this happen quite a bit over the last few years.

The business may seem to just disappear off the face of the earth, overnight, only to pop up under a different company name.

This as we know is called ‘phoenixing’ and it’s ILLEGAL.

It’s been around for many years and illegal phoenix activity happens in many different industries. The worst is many subcontractors and / or supplies are left unpaid and businesses may be forced to shut down.

Did you know the ATO has a taskforce called ‘Phoenix Taskforce’ whereby they work with other federal, state and territories to detect, deter and disrupt illegal phoenix businesses?

There are a few red flags to watch out for such as

  1. Companies providing unusually low quotes or tenders
  2. Company directors who have previously been involved with liquidated entities
  3. Changes to the company’s name and directors, but the manager and staff remain the same
  4. Companies requesting payments to be sent to a new company
  5. Told that your last contract won’t be paid, unless a new contract is signed, usually this is done under a different company name from the 1st one you began having dealings with.

If you suspect anything illegal, please contact the ATO and/or

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

When using your business money and assets for private purposes.

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Businesses are required to keep accurate records of such transactions, if they are using business money and assets for private purposes.

There could also be tax consequences too.

You may have to report these transactions in the company or trust’s tax returns and also your individual tax return. It is always important to keep accurate records of transactions.

You may have to:

  1. Report these transactions in the company or trust’s tax returns and your individual tax return
  2. Account for these amounts in a certain way to minimise unexpected tax consequences

Now the next question is, who needs to know? All must be recorded and reported for tax purposes.

If you are an individual who
1. Is a director/shareholder that operates a small business (your business)

  1. Is a trustee or beneficiary of a trust, that operates a small business (your business)
  2. Is a director of a corporate trustee for a trust that operates a small business (your business)
  3. Is or has been an associate of the shareholder (individual or entity). An associate can include a relative, partner, spouse, or another entity controlled by a shareholder

For more information in relation to using your business money and assets for private purposes, click on this link below.

Using your business money and assets for private purposes | Australian Taxation Office (ato.gov.au)

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Wages theft, are you underpaying your employees?

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Wage theft refers to when an employer fails to pay the minimum monetary amounts due to an employee. Underpayment of wages is when an employer fails to pay the minimum monetary amounts, including allowances, prescribed under an award, agreement, employment contract or the National Employment Standards.

While Woolworths is back in the spotlight again, small business cannot ignore their responsibilities in ensuring staff are paid correctly.

Employees are encouraged to keep detailed records of their rosters / shifts and diary entries in relation to their employment. Fair Work may start an investigation or take other steps when they become aware of an underpayment arising from non-compliance with Australian workplace laws, even if the affected employees have been back paid.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Free Health check

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Did you know I provide Free Health Checks, but not for your health, but for your business?

Maree’s Mobile Bookkeeping is offering a FREE health check of your software file (valued at $497) with comments and recommendations for your file moving forward.

Contact Maree today – conditions apply.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Considering outsourcing your bookkeeping?

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Before we get into how much does it cost, you need to be aware of the following –

My qualifications – it is a legal requirement that I have qualifications to be able offer a bookkeeping service, starting with a Cert IV. I have been assessed and registered by the Tax Practitioners Board to undertake BAS and GST bookkeeping services.

My experience – with 20+ years’ experience I’ve seen a lot. I have rigorous checks in place to ensure you are meeting all your legal obligations as a business.

My service offerings – not all bookkeepers deliver the same service. As well as ensuring your books are up to date and correct. I am able to lodge your BAS. I also offer a payroll service. I’ll also review your ongoing expenses to monitor your cash flow.

It is with this information that I can determine what your business requirements are and provide a price that reflects.

Additionally, I offer a free bookkeeping health check (see below) that assists you and me in determining what’s right for you.

While keeping in mind that outsourcing adds another cost for your business, the funds you outlay for bookkeeping services are a taxable expense. In some cases, I have actually saved clients’ money.

As your virtual bookkeeper, I am a trained, accredited professional with 20+ years’ experience that will ensure that your business books are kept up to date while you do what needs to be done.

Here at Maree’s Mobile Bookkeeping I am a partner in your business, making your business journey that little bit simpler to save time, relieve stress and make more money.

Now when it comes to cost, all it takes is a phone call for a quick chat. I can custom make a package for you or look at considering one of my bookkeeping packages, believe me, outsourcing for my services is not expensive.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Are COVID-19 Tests Tax Deductible?

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The Government announced only on the 7th February 2022, that they will ensure COVID-19 testing expenses will be Tax Deductible.

This will mean FBT will not be incurred by employers to provide the tests to their employees, though this measure IS STILL NOT LAW.

Therefore, in the meantime if you are an employee/worker and have incurred the expenses for COVID-19 tests, you should keep a record of those expenses, especially since many workers have had to have testing done to attend their place of work.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

The NSW Government has announced the 2022 Small Business Support Program

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This Small business support program is helping businesses survive the impacts of the Omicron COVID-19 strain.

If your business falls under these requirements, you may be eligible to apply for a payment under this program.

1. You have a business or not-for-profit organisation with a turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 or the year ended 30 June 2020; and

2. You are experiencing a decline in turnover of 40% or more due to public health orders or the impacts of Omicron during the month of January 2022, compared to January 2021 or January 2020; and

3. You are experiencing a decline in turnover of 40% or more due to the impacts of Omicron from 1 to 14 February 2022, compared to the same fortnight in February in the comparison year used above; and

4. You maintain your employee headcount as of 30 January 2022.

Those eligible businesses and not-for-profit organisations will receive 20% of weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week up to a maximum payment of $5,000 per week.

Eligible non-employing businesses will receive $500 per week, paid as a lump sum of $2,000.

The 2022 Small Business Support Program is for the month of February only.

Applications are expected to open from mid-February, so be quick to apply so you don’t miss out. If you need assistance in applying, let me know.
For more information and eligibility criteria, see the program guidelines.

Most of this information has been taken from this link https://www.service.nsw.gov.au/transaction/2022-small-business-support-program
Remember applications open Monday 14th February and closes Monday 28th February, so you don’t have much time to apply.

If you need assistance, then give me a call on 0429 363 047, I can take care of this for you and so much more.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

The RAT tax could attract FBT for business owners

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With the current variant of COVID-19, this has caused many businesses to spend the first few weeks of 2022 adjusting to the new norm with masks for all employees and making sure they are safeguarding the employee’s health whilst they transition back into the workplace.

Many business owners are trying to cope with staff off sick and in addition to digital vaccine certificates and high vaccination rates, the access to Rapid Antigen Tests (RATs) has been beneficial to businesses to help monitor and reduce the spread of the virus in their workplaces.

Despite the benefits of the free RATs to employees, employers / business owners need to be aware of the ramifications on their Fringe Benefits Tax obligations.

That’s right…handing out the Rapid Antigen Tests to employees/staff is a great way to keep your workplace safe, but……can also trigger tax ramifications that all employers/business owners need to be aware of.

The ATO’s view on COVID-19 testing and FBT is throughout the pandemic, the ATO realized ongoing guidance about how FBT impacts COVID-19 related expenses.

This information has been extracted from trong>https://www.myob.com/au/blog/rapid-antigen-tests-attract-fringe-benefits-tax/?fbclid=IwAR2SY3wVUFRQKvT4HMUi3q-qs73zDkGr6MvP29uuoWVKJhqvcyGSrqFq2hI
‘When it comes to offering COVID-19 testing options to employees for free, the ATO allows for an exemption from FBT if the both of the following two conditions are met:
1. The tests are administered by a medical or health care practitioner, and
2. The tests are offered to all employees equally.

The ATO also flags the ‘minor benefits exemption’, which removes any FBT obligations on benefits that are provided irregularly and whose cumulative value over the course of the FBT year is less than $300

RATs are tax deductible for employers and employees alike

While at this stage RATs are non-exempt from FBT, Accountants Daily highlights that, if an employer purchases them for their employees for work related matters, they can be considered business expenses and are therefore tax deductible.

So even if the ultimate position of the ATO is that RATs are to remain non-exempt from FBT, their tax deductibility should certainly be considered when the company prepares its income tax return at the end of its financial year.

Additionally, if an employee purchases as RAT for the purpose of attending the workplace or travelling for work, if the employer does not cover these costs, the testing kit would be a deductable expense for the employee themselves.

FBT and income tax calculations can be very complex, and as seen in the case of RATs, the rules and exemptions can be very nuanced, so always consider consulting a professional before making any tax-related decisions’

If this sounds all too confusing, then give me a call on 0429 363 047, I can take care of this for you and so much more.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Do you want to know how to increase your profit in the next 90 Days?

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Have you recently seen my recent add?

If you haven’t, well I am a Bookkeeping Expert.

I have seen the NUMBER ONE mistake that prevents owners from achieving their financial goals and it’s not eating their FROGS.

What does FROGS got to do with increasing my profit?

Frogs is an analogy to describe many business owners who

– Are working very long hours
– Are not knowing how much profit they are making
– Are getting anxious each time their bank balance gets low
– Who don’t have the time to invoice their clients
– Who constantly feel stressed when it comes to their bookkeeping and cash flow

Business owners who feel ripped off because owning a business should be more profitable and take up less of their time.

That’s what I mean not eating their FROGS.

My name is Maree and I’m a Professional Bookkeeper.

Over the last 10 years, I have helped small business owners to:
Take their bookkeeping frustrations away
Improve their Cash Flow and Profits
Understand their numbers
Create MORE TIME to do the things they ENJOY

Don’t let the frogs win!….

If you want to build a business that supports you and your family to live a life you know you deserve, you need someone to help you get the unpleasant stuff done.

To help you get started with this, I’ve put together a Profit Planner + Action Plan that will give you a clear plan on things to TAKE ACTION ON NOW to kickstart your business into 2022.

To get this Super Simple Profit Planner, send me a message with your email address and I can email one out to you.

Enjoy your planner, the feedback from many people has been fantastic, they said it’s a great free tool and wish more Bookkeepers could help them like this, hence give me a call on 0429 363 047.

Maree Punzet
Professional Bookkeeper & Frog Eater

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

What is the Single Touch Payroll Phase 2?

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You can also find this information on the ATO website, link below:
https://www.ato.gov.au/Business/Single-Touch-Payroll/Expanding-Single-Touch-Payroll-(Phase-2)/

The Government announced the Single Touch Payroll in the 2019-20 budget and at that time, they did say there would be an expansion of STP, known as STP Phase 2.

What this will do, is reduce the reporting burden for employers who need to report information about their employees to multiple government agencies.

I would think that is a sign of relief for many employers.

The mandatory start date for Phase 2 reporting starts 1st January 2022.

The ATO have notified that Digital Service Providers (DSP’s) who may need more time to make the changes and update their solutions to support STP 2 can apply for a referral for their customers.

So there is a flexible approach to this transition, therefore if your solution is ready for 1 January 2022, you should start Phase 2 reporting. If your solution is ready and you can start Phase 2 reporting before 1 March 2022, then you will be considered to be reporting on time and you won’t need to apply for more time.

You can also apply for a delayed transition from December 2021. There will not be any penalties for genuine mistakes for the first year of Phase 2 reporting until 31 December 2022. This includes employers who have already started Phase 2 reporting.

The benefits for employers are you will no longer have to send the ATO the employee’s TFN declarations. The employees will provide it to you and you will need to keep it with your employee records.

‘If you make a Lump Sum E payment, you won’t need to provide Lump Sum E letters to your employees. You’ll have included the amount and the period it relates to.
If you change software or your employee’s payroll ID, you can tell us in your STP report if your solution has this functionality. This will help fix issues with duplicate income statements for employees in ATO online services through myGov

You may no longer need to provide separation certificates when your employees leave. The date and reason an employee leaves will be in your STP report.
You can also voluntarily report child support deductions and/or garnishees through STP. This reduces the need to send separate remittance advices to the Child Support Registrar’
If this sounds all too confusing, then give me a call on 0429 363 047, I can take care of this for you and so much more.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

It’s never too late to outsource to a Bookkeeper

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Many business owners say the same thing, that it’s too late to outsource to a Bookkeeper. It’s never too late to outsource this part of your business. It’s actually one part of your business that a great Bookkeeper like Maree Punzet can pick up and fix all those problems within your business, because this is what Maree does, she problem solves, she fixes issues and corrects them.

It’s never to late to outsource your bookkeeping to Maree.

She is one lady that has helped many businesses that are going under or in crisis, this is what she does best.

If you think maybe it might be time to just offload your bookkeeping, then contact Maree today. It’ only takes one phone call for you to finally have your bookkeeping in order.

It’s never too late, better late than never.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Outsource your bookkeeping in January 2022

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Why don’t you start the New Year with a resolution that will not only save you time and money, that being, to outsource your Bookkeeping.

Wouldn’t that be a great start to the New Year.

Knowing that your business will be taken care of from BAS, to data entry, Payroll and everything else in between.

A great bookkeeper is probably the best present you will receive for your business.

Maree has been a Bookkeeper’ for over 20 years and has helped numerous clients over the this time from many different industries.

If you want to start 2022 on the right foot, then contact Maree Punzet 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

Don’t let the festive season be the reason your bookkeeping is not in order

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Already most people have got their Christmas tree up and already buying presents and planning what to eat on Christmas Day.

But how many people have got their Bookkeeping in order.

I bet you out of 10 people, only around 4 would have their bookkeeping in order.

In the last 18 months since COVID reared it’s ugly head, many people have put Bookkeeping on the backburner, thinking why do I need to bother, work has been up and down for many businesses because of constant lockdowns and border closures.

The festive season is only around the corner and if you are ramping down your business for the New Year to celebrate with colleagues, then take this opportune time to get your Bookkeeping in order.

I can help you with this, at a minimal cost. At least you can put your mind to rest in 2022, your up to date with all your bookkeeping.

If you would like to have a chat about how I can help you, please give me a call anytime.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

This applies to NSW only, the NSW Government has announced a suite of support measures for SME, part of the Economic Recovery Strategy.

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The NSW government has announced a suite of support measures for SMEs as part of the Economic Recovery Strategy.

‘The state government announced this week that it will provide a Summer Holiday Stock Guarantee for small and medium enterprises (SMEs) and will expand the Small Business Fees and Charges Rebate for all eligible small businesses.

This means that under the SME Summer Holiday Stock Guarantee, eligible businesses with an annual turnover between $75,000 and $50 million will be able to apply for a grant of up to $20,000 to compensate for loss of perishable stock, or claim $10,000 for reduced capacity to sell non-perishable items if a local lockdown occurs and they are impacted’

The Government has expanded the Small Business Fees & Charges Rebate for use until 30th June 2022.

The NSW Premier has advised that these measures are to provide businesses the confidence to open up and plan for the future.

“These measures will give businesses and workers confidence to purchase stock and invest for the future”

Do you fit these criteria?

As many businesses in NSW may be forced to shut their doors between 1st December & 31st January 2022 due to public health orders.

“Small businesses will now be able to claim road user tolls under the Small Business Fees and Charges Rebate, which is being increased from $1,500 to $2,000.

“The rebate can be used to offset NSW and local government fees and charges and adding tolls to the list of claimable charges is going to make a massive difference to many small business owners who use vehicles for work.”

If you are confused if you fit the criteria or not, please give me a call directly on 0429 363 047. Some of these extracts have been taken out of this story, link here. NSW government announces fresh support for businesses | MyBusiness

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Did you know that half of Australian workers were underpaid during the pandemic?

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When you think about that, that is disgusting to think 50% of workers were underpaid.

ADP’s People at Work 2021: A Global Workforce View surveyed 1,902 workers in Australia, and reveals one in two (52 per cent) workers believe they have been underpaid at least once during the pandemic. Similar numbers (51 per cent) believe that they had been paid late, up from 48 per cent prior to the onset of COVID-19.

The ADP research also indicates two in five workers were overpaid (38 per cent) or experienced issues with their pay (43 per cent), such as failed payments or incorrect tax.

That is a pretty alarming rate of people who received incorrect pay-slips. This has caused loss of employee confidence and causing stress during COVID and many people not able to afford to pay their bills.

Not only that, “Businesses need to be mindful that employees are paying a watchful eye on their payslips. If business operators, all the way from local SMEs to multi-country conglomerates, don’t prioritise running efficient, accurate and reliable payroll divisions, they risk losing talent.

“When employees experience errors in their pay, payroll staff shift their focus to answering queries and checking historical data, distracting them from processing payments or spending time on more strategic work. Often, the first step to improving payroll accuracy is automating the input of data using integrated digital technologies.”

Hence this is why many businesses should be outsourcing their payroll to a bookkeeper, like myself to ensure this doesn’t happen. I take pride in what I do and pay accuracy is up there as one of the most important tasks that I do for businesses.

This is a real shame many businesses have done the wrong thing by their employees and in turn will reduce their workforce when people leave the business.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

Where will people spend their money in 2022?

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This one is a difficult question to answer, but I feel personally it will be in construction, building, real estate. Many people have been unable to move house because of border closures, people are living in tents, in people’s backyards. Many people will be spending money on rent/mortgages, renovations, building costs because of the demand for many people, is finding a place to live.

During the lockdowns, people have been spending money on food, but with the borders opening in the New Year, I feel the construction industry will increase even more because many people just want to leave the state they live, the house they live, because of the countless lockdowns.

If you work in these areas of building, construction, real estate, let me know because this is when you need a bookkeeper.

Once you outsource your Bookkeeping, you will never go back to doing it yourself.

Give Maree a call today to provide you a quote.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

When the Australian state borders lift, how will that impact your business?

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Many business owners are unsure when the state borders lift, how it will affect their businesses. Most will be in favour of the borders opening purely because trade has ceased for many, especially those close to the borders.

Others are worried that the influx of people will be too overwhelming and they won’t have the resources to contend with the increased business. Other businesses may not be impacted at all.

Though one thing needs to be reviewed, is your bookkeeping. Bookkeeping is a major component for anyone in business. If you don’t have the right systems in place, when borders start lifting and business starts increasing at a rapid rate, this is when a great Bookkeeper is in demand.

Have Maree go through your systems now in readiness for when the borders open.

Outsource your Bookkeeping to Maree 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

Maree has the Bookkeeping experience, why wouldn’t you outsource?

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Did you know Maree has helped over 200 plus businesses over the last 20 plus years? I wonder how many Bookkeepers could say the same thing.

That’s a long time to be working within one industry, but that is Maree’s passion. She loves anything to do with Bookkeeping. Anyone could ring Maree and she will have that knowledge at hand with whatever question you ask her, simply because this is what she does. Maree is a qualified Bookkeeping and BAS agent.

She has worked with clients from all over Australia from all different industries ie construction, farming, retail, café’s, restaurants, corporate, pubs.
This is what makes Maree unique. She has the knowledge and experience of different industries. She doesn’t just work with all construction companies or just cafes, she works for all different industries and has been over the last 20 plus years.

So why wouldn’t you outsource your Bookkeeping to Maree? Someone that has the tenacity and the knowledge and experience in Bookkeeping.
Call Maree 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

Christmas is only 3 months away, outsource your Bookkeeping today

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Can you believe that it’s only 3 months away to Christmas?

This year has been different from all the rest. Some businesses have expanded, whereas others have closed due to COVID.

I have found many people have either pivoted or started a new business and that is where I can come in and help you. People think they don’t need a Bookkeeper until they have employees and staff, but that is far from the truth.

Many new business owners should be outsourcing to a Bookkeeper, right from the start.

If you do that, you know you will be starting your business the right way.

If this sounds like you, then call me today.

I can help you from the start.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

You don’t want to receive a Final Demand letter from the ATO

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If you have any outstanding lodgements, the ATO will send you a final demand letter which normally will say something along the lines of that you will be even fined or could go to jail.

Yes, you don’t want to ever receive a final demand letter from the ATO.

If this sounds like you and you need help getting back on track, Maree can help you. If you are behind in your paperwork and the ATO have not sent the letter – yet, you don’t want to wait for that letter to come in the mail. Now is the time to contact Maree.

Maree calls these kind of clients ‘rescue clients’ because that is what Maree is doing, rescuing you from the ATO.
Contact her today to help you.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID

A successful bookkeeper = a successful business owner

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As a Bookkeeper it’s my job to manage the regular tasks ie
– Keep all of the records up to date
– Help in keeping your end of year accounting bills
– Assist with avoiding to pay late penalties by making sure the GST, PAYG Tax and Superannuation, compliance obligations are taken care of
– Free your time so you can work on your business rather than trying to do all the tasks of a bookkeeper
– Minimise the risk of fraud by having another set of eyes to check and oversee your accounts
– Conduct ongoing auditing and assurance
– Having someone on your side that can advise and support you in areas of your business that you may not be as knowledgeable.

As a Bookkeeper and BAS agent, I am registered with the Tax Practitioners Board and I am required and have the skills and knowledge of general accounting principles, relevant legislation and up to date current best practices.

This is my job to assist you as a Successful Bookkeeper which = (equals to) a successful business owner.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID