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The Jobmaker Plan

Have you seen the Jobmaker Plan the Government has put together to create jobs and help the recovery of the Economy?

If not, click the link here to read more https://budget.gov.au/2020-21/content/jobmaker.htm

What the Government has put forward is a $74 billion Jobmaker plan to support economic recovery and get Australians back to work and on their feet.

Some of the core elements they are putting together are:

–       Infrastructure, the Government has invested an additional $14 billion in new and accelerated infrastructure projects across Australia over the next 4 years

–       Jobmaker Hiring Credit – $4 billion providing businesses with an incentive to take on additional employees aged between 16 and 35.

–       Energy technologies – The Government is investing $1.9 billion in new energy technologies which will reduce emissions.

  • Reducing red tape for businesses – The Government is incorporating a insolvency system to keep businesses in business and make it easier for consumers and small businesses to obtain credit.
  • Digital Business Plan – The Government is accelerating digital transformation by increasing productivity and job growth; therefore, their goal is a leading digital economy by 2030.

It will be interesting to see over the next 4 years how this Jobmaker plan will unfold and we hope that we all come out of this a stronger and economically sound country.

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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

The most common accounting errors all small businesses should avoid.

What do you think Number 1 would be, can I hear you….yes, your right?
BAD BUDGETING.

Bad budgeting might sound cliché but budgeting can make or break any business. A budget needs to give you a clear idea of how your business is tracking, whether you are breaking even or making a profit.

The next one is UNDERSTAND THE DIFFERENCE BETWEEN EMPLOYEES AND CONTRACTORS.

Hiring staff can sound exciting, when you tell your friends and family, I’m hiring staff because my business is going well. There are many pro’s and cons to both. Hiring an employee or a contractor has massive differences in terms of insurance, payroll tax, legalities and when it comes to staff who are actually employed by you, then you need to review if you need this help temporarily or on a long-term basis. Remember contractors are businesses themselves, they invoice you for the hours spent on the agree job.

The next one is NO ORGANISATION OR PAPERWORK.
It is so important to make sure your paperwork is in order, especially when it comes to tax time. Have a checklist of tasks to complete and keep your paperwork organised, legally you might hold files either digitally or physical for seven years in Australia

Oh, this one I see way to often MIXING PERSONAL FINANCES WITH BUSINESS

Many businesses say they don’t have a separate bank account for their business and that is a risky situation. Mixing up financial accounts for their business is difficult when you are trying to sort out your personal expenses (which are not tax deductible). Unless you are a sole trader, opening up a separate business account and not mixing business and personal expenses is a good idea, though I do suggest sole traders to separate the two as well.

The last one is NOT HIRING A BOOKKEEPER OR ONE AT ALL.

Many small businesses think that it will cost the earth to outsource, but there are so many benefits to outsourcing help, from saving time doing the books, hiring someone that knows the ins and outs of business finance, they will get to know your business and help you achieve your goals and address any weak areas in your budgeting or cash flow. They will keep you organised and your documentation will be correct and in order. Lastly, they take away the stress out of money management.

If this resonates with you, give me a 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

We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

Do you know the differences of a Sole Trader and a Small Company

Business structure in Australia has a number of different structures from sole traders to companies, partnerships and trusts.

Definition of a Sole Trader

“A sole trader is an individual running a business. It is the simplest and cheapest business structure. If you operate your business as a sole trader, you are the only owner and you control and manage the business.” – ATO.

Definition of a Company

“A company business structure is a separate legal entity, unlike a sole trader or a partnership structure. This means the company has the same rights as a natural person and can incur debt, sue and be sued.” – Business.gov.au

Each one has different structures.

As a sole trader there a few costs and setup obligations, whereas if you have a company it is totally different.

Without going into great detail of both structures, it comes down to making sure you all your paperwork is in order, that you have good record keeping, and know what your responsibilities are if you are a Sole Trader or a Company.

If you would like to have a 20-minute free scope call to discuss your needs and talk about how you should structure your business, then please make an appointment with me or call 0429 363 047.

Let me setup your company/business correct right 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

We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

Bookkeeping for tradesmen and tradeswomen

This industry is as we know it in 2020, flat out for tradies, anyone that works on the tools, electricians, plumbers, carpenters,  tradies spend a lot of time mastering their trade and the last thing they want to do when they get home is bookkeeping.

Many might say, I have a wife or girlfriend that can do that for me.

Well, the amount of tradies paperwork I see the partner has been doing, is a complete mess. It isn’t always the best decision to let your loved one do your books.

You need to also remember the time you spend or your partner spends on bookkeeping, is either time you could be charging out or in some case time you should be recharging your batteries ready for the next work day and also if you are in a partnership or married, you won’t be heading to the courts to get divorced.

Keep your business separate and outsource today to a Bookkeeper 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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

Does your business comply in a COVID-19 World?

Every business has a duty of care and especially now Post COVID. It has never been a more important time to businesses to stay on top of the ever-changing compliance obligations.

If you have staff, you need to consider and review the following

  1. The changing employment laws in Australia ie Awards
  2. Those returning to the workplace, if they have been working from home during lockdown
  3. If your staff are remaining working from home on a full time or part-time basis
  4. Payments and leave entitlements
  5. Reviewing your staff working hours, location and duties
  6. Standing down employees or ending their employment due to COVID

There is so much to consider during and post COVID-19. We in Australia are not out of the woods yet, we could get more waves of COVID in different states, business will never ever go back to what it used to be and I personally think, that is a good thing.

But be vigilant, stay on top of compliance and if you need me to look at these things for you, please do not hesitate to give me a 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

We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

Did you know Services Australia will begin contacting welfare recipients from November 2nd 2020?

I am sure many people don’t.

The Government has outlined that Services Australia will begin contacting welfare recipients who they think have been paid too much, especially now that the government is ending the pause put into place due to the Pandemic.

The areas that still remain in a state of disaster such as Victoria will continue to be exempt.

Though Services Australia will not begin taking money from Australian’s until February 2021 and that the delay in this debt recovery will still allow people to plan for their future. It still provides enough time for people to consider their circumstances  and what options they have moving forward into 2021.

Services Australia will work with people to make sure the process is simple and that people will be able to commence repayments of their debt voluntarily.

It is something many people are not aware of and because of the Pandemic, Services Australia realizes this has put a financial and mental burden on many people who have lost their job or 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

We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

Are you behind in your Bookkeeping?

Are you needing help?

Are you behind in your bookkeeping Lodgements?

Many times, I have what you call, RESCUE JOBS.

Rescue jobs are those clients who have come to me with more then three months work that is behind.

For example, if you are in the following situation, then you are a rescue job

  1. Behind in your tax return lodgements
  2. Behind in your Superannuation contributions
  3. You haven’t lodged any BAS for months or even years

If this is you, I can definitely help you.

Many business owners are fearful that because they have put off their lodgements that they fear they will receive a HUGE BILL from the ATO.

Unfortunately, even though you probably will have a huge bill to pay, you may also receive penalties on top of what you owe for every quarter overdue in you haven’t lodged every quarter.

It can really add up.

Don’t take the mental burden of being behind in your obligations and let me look after your reporting, your BAS and your Tax Returns and everything in between.

It just takes one phone call to 0429 363 047 to rescue you.

Call me 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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

 

maree punzet small and medium business bookkeeper at Maree's Mobile Bookkeeping

About Maree Punzet

Hi, I’m Maree Punzet, a mother to two boys who like many other mums out there with teenagers, one is finishing his High School Certificate this year and it’s been a tough one, doing assessments and exams during COVID-19.

I live in Cobar NSW, a mining town, a small community, where most people who live in Cobar for a while know the locals by their first name. Country towns are like that, everyone knows everyone, everyone knows your husband, kids, heck even the family dog’s name.

When I finished School I started out at the local shire, doing accounts payable, then I got a job at the local travel agency one of my jobs there was to keep the books this was back in the hand written bookkeeping days that was well and truly over 20 years ago, the 10 years ago I decided to start my own business.

I love numbers, finance, anything to do with Bookkeeping I just love it, it’s in my blood, my mum was an accountant. I am a Qualified Bookkeeper & BAS Agent and also been doing my certification to become a Tax Agent, though I do work closely with a Tax Agent. I am a sole trader, I have many people who look after my marketing, my social media, blogs, because I feel marketing is so important.

There are many many bookkeepers in Australia. Competition is fierce, so you need to stand out from the crowd.

I am happily married to my wonderful husband who I met whilst I was still at school and  it was love at first sight. Sickening I know, but when you know, you just know.

In my spare time I love dancing and I dance with our local dance group doing classes in Jazz, tap and Musical theatre.

So that’s just a small glimpse about me, Maree Punzet – Maree’s Mobile Bookkeeping

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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

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

 

What is my point of difference?

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.

If you asked Bookkeepers what their point of difference is compared to others, you may not get an answer, because many bookkeepers wouldn’t be able to answer that. Where Maree can….she is there to serve her client, to provide advice, she is always on the end of the phone answering your question at any time, day or night.

This is what separates Maree from many other Bookkeepers in Australia. This isn’t just a job to Maree, of course it helps her family and pays the bills, but it is way more then that.

She works as a virtual arm to your business; she cares about your business, just like you do.

So, what are you waiting for?

Call Maree direct 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, in-sourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

Why choose a Bookkeeper over an Accountant?

A Bookkeeper like Maree who has owned and operated Maree’s Mobile Bookkeeping for over 20 plus years 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 utilized over an Accountant is they still do the same role; they are still certified and a Bookkeeper does cost much less than utilizing 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 to medium sized businesses, whereas accountants’ market themselves to larger organisations, you may think otherwise, but 99.9% of the time they do.

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.

If you are on a tight budget as a small business owner, why not utilize a Bookkeeper over an Accountant. Contact Maree, she has different packages she offers to suit your needs or can custom one to suit.

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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

What is stopping you from outsourcing to a Bookkeeper?

This question keeps coming up all the time in every social media group, forum and I think the big reason why businesses are stopping from outsourcing to a Bookkeeper is ‘fear’

Like anything that is new, because we feel safe doing things ourselves and yes when it comes to finance and paperwork related to a business, there is that element, will this Bookkeeper know what to do? They can se all my finances and what my business makes and what our profits are. I don’t like others knowing personal details about my business. Will they judge how I have been doing my own books? Will they laugh at me when I provide them receipts in a shoe box?

The answer is NO.

I’ve been a Bookkeeper for over 20 plus years. Confidentiality is the most important part of my job. I have never laughed or joked about a client’s business. I applaud when a client comes to me, because it’s at that time where they are throwing their hands in the air saying ‘could you just do all this’ I’m at my wits end and I don’t have a clue what I’m doing.

Now it’s brave to ask for help.

I understand that fear and bravery both come to mind when a client takes that initial step to outsource their bookkeeping to me.

It’s no different if I was outsourcing and sending my car to a mechanic. I don’t have any idea what goes on under that engine. Do I feel fear, anxiety when I take my car to the mechanic, NO…because my mechanic does this work every day, I trust him to look after my vehicle and get it working to its maximum potential?

That’s how you should feel when you outsource, confident, happy, not fearful or nervous.

If you want to have a 15-20-minute chat about outsourcing your bookkeeping to me, I am more than happy to speak to you 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

We are a full service, in-sourced Payroll and Bookkeeping business that puts money back in
your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

Has the second Victorian lockdown affected your business?

https://thenewdaily.com.au/news/2020/08/06/jobkeeper-extension-eligiblity-criteria/

‘The second Victorian lockdown has forced the federal government to massively bolster the Job keeper program by significantly expanding eligibility criteria and allocating an extra $15billion to the scheme.

It shows that the Government is making sure that Australia and the wider community are being supported during this time.

What are your thoughts about the extension? Personally, I think it is fantastic.

If you are not sure on your entitlements after September through the Job keeper program, please do not hesitate to contact me anytime 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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

 

My clients refer me, so will you!

In 2020, testimonials or if you want to call them reviews or referrals are GOLD. With the current COVID pandemic and economic crisis in Australia, the last thing you would think you would receive are testimonials from your clients, but this is exactly how my clients feel about me and I couldn’t be more thankful for their continued support over the years.

I enjoy what I do as a Bookkeeper and this is just icing on the cake, when you receive testimonials. Many of my clients have reached out to me since the beginning of COVID probably more so, then ever before, but that’s what I am here for, to support, to provide advice and guidance and to make sure that their business is running smoothly.

Here are just a few recent testimonials from clients.

I am very happy with Maree’s professionalism and service. She is very reliable. Her fees are very affordable. 

Gabe Martin | Lawyer | Nightcliff NT

Maree has taken all of the stress out of my bookwork and I would highly recommend her services are truly good value for money

Graeme | Mix It Concrete | Trangie NSW

So, if you don’t believe me, visit my website and you will see more testimonials from clients. Better still why don’t you call me and let’s chat.

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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring.   When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

 

 

Virtually insource your PAYROLL, no need for an onsite Bookkeeper!

Since COVID started in 2020, the world as we know it and how we do business has become very different.

As a Bookkeeper I have spent years working with clients all around Australia, so COVID didn’t impact my business at all.

Many people who were making the long trip into work are now working from home.

With border closures, states in lockdown, second waves and the virus still spreading, why would you take the chance and have an onsite Bookkeeper?

For your own safety and that of your family, there is absolutely no need in 2020 and into the future, utilizing an onsite Bookkeeper.

Since COVID, my inquiry has increased because many businesses didn’t know about virtual bookkeeping. I have been in this business for over 20 years and 99.9% of all my clients I have looked after, I have never met in person face to face, because it’s all virtual.

Virtual is the new word of 2020.

I can email, I have Zoom meetings with my clients, I can pick up the phone and call a client or visa-versa if there are any questions, PM, DM, social media.

At the end of the day, the client is safe, I am safe, our families are safe, there is no spread of any virus, because I work virtually. All work is completed in the same manner, if I was physically onsite.

So if you are a business give me a call and give me 10 minutes of your time, because I know by the end of the conversation, you will never use an onsite Bookkeeper again.

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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring. When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!!

Will you still be eligible for JobKeeper after September 2020?

Recently the Prime Minister and the Treasurer have indicated what the JobKeeper program will look like moving forward after September 2020 through to 20th March 2021.

For those that are currently on JobKeeper, the current arrangements will be staying in place to September 25th, that’s when things are changing.

Beyond September 25th 2020 until March 20th 2021, the Government has brought out the new two tier system at a lower rate for businesses who may be eligible. The reason they are doing this as they know many businesses are doing it tough, but not to completely cut off funding, they have reduced and brought in this system, which personally I feel is extremely generous, as the Government could have stopped the payments after September 2020.

1. But who is eligible?

If you need assistance and not sure, this is where I can assist and help you.

To apply for JobKeeper 2.0 support for the quarter ending 27th December 2020, a business will need to meet the required downturn (30% or more) for both the June 2020 and September 2020 quarters.

To apply for the following quarter, ending 28th March 2021, a business will need to meet the downturn (30% or more) for each of the June 2020, September 2020 and December 2020 quarters.

2. So will the JobKeeper payments be reduced?

The answer is YES.

After September 25th 2020, the current rate of $1500.00 per employee payments will no longer apply. In the next phases there will be two tiers of payments and reductions each quarter.
The first level will be for people working 20 hours or more a week.

The payments for these employees will be reduced to $1200 per fortnight for the Dec 2020 quarter and further reduced to $1000 per fortnight for the Mar 2021 quarter
The second level will be for people working less than 20 hours a week.

The payments for these employees will be reduced to $750 per fortnight for the Dec 2020 quarter and further reduced to $650 per fortnight for the Mar 2021 quarter.

This is in line with new changes to the JobSeeker payments.

The exact details around these changes are of course still to be legislated, and as a result subject to change, but this is what we know now.

Of course, if you have any questions, please don’t hesitate to contact us.

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. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring. When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!

The Fair Work Ombudsman is prioritizing COVID-19 workplace disruptions which include the Job keeper payment compliance

What that means is over the next 12 months, the Fair Work Ombudsman (FWO) are reviewing any underpayments in large corporations.

Fair Work Ombudsman Sandra Parker has confirmed that Aussie workplaces can expect a degree of flexibility in the FWO’s enforcement approach in the new financial year, especially those sectors heavily impacted by the coronavirus crisis’

There have been many sectors within the Australian economy that have been seriously impacted by COVID-19. The FWO will enforce workplaces of their financial positions and review the challenges each are facing whilst recovering from the health disruption. The FWO are trying to uphold the integrity of the Jobkeeper scheme through these appropriate compliance activities.

“Due to the impact of COVID-19 on Australian workplaces, the number of employers and employees seeking our assistance has grown significantly,” Ms Parker said.

“More than 60 businesses have come forward to self-disclose workplace law breaches, with a total of half a billion dollars owed to workers — and that’s just what we know about,” Ms Parker said’

In other words, many large organisations in Australia need to prioritise and review workplace relations systems to ensure their paying workers are receiving the entitlements. Areas such as the fast food industry, cafes, restaurants, horticulture sector, franchisors and sham contracting.

‘Ms Parker did, however, explain that the agency will provide education, advice, tools and resources to small business and those hardest hit by COVID-19’

The FWO will take into account those businesses and their financial circumstances.

Excerpts taken from https://www.fairwork.gov.au/about-us/news-and-media-releases/2020-media-releases/july-2020/20200713-media-release-2020-21-priorities

If you have any questions or queries, please do not hesitate to contact me direct on 0429 363 047.

Maree Puznet
Marees Mobile Bookkeeping
www.mareesmobilebookkeeping.com.au

Watch Out!!! The ATO is chasing those Job Keeper cheaters

https://www.news.com.au/finance/money/how-jobkeeper-cheats-will-get-caught-by-atos-allseeing-eye/news-story/ad0f088e04a423634100f21028ea5aa6

It makes you wonder how many businesses out there that are doing the wrong thing and so many are really in financial hardship.

Stories of people turning down business, claiming for payment for family members who don’t actually work within the business or full time workers who have not lost any hours, but still are claiming the Job keeper illegally.

It makes you think how this is going to affect our country, not only now, but years and years down the track. This money has to be repaid back, it’s not just the taxpayers, but our children and grandchildren who will suffer.

I just hope the ATO are able to chase the cheaters.

But if you yourself are not 100% sure that your legally entitled to Job keeper, then please contact me and we can go through everything, or if you know of anyone that is reporting illegally, the ATO have a Tip Off line on 1800 060 062.

Otherwise, call me on 0429 363 047 and we can go through this together.

Maree Punzet
Maree’s Mobile Bookkeeping | Over 20 years Bookkeeping experience | Qualified BAS Agent
M: 0429 363 047
www.mareesmobilebookkeeping.com.au

 

What’s your thoughts on the minimum wage rise?

https://www.smh.com.au/politics/federal/minimum-wage-up-13-a-week-despite-coronavirus-recession-20200619-p55471.html

This excerpt is from the Sydney Morning Herald

‘Workers on the minimum wage will earn $753.80 a week, or $19.84 an hour after the rise, but employees in the sectors hardest hit by the coronavirus, including tourism and aviation, will have their wage increase delayed until February. Healthcare and other essential workers will get their rise in July while the rest of the workforce will have a pay boost in November. The wage increase also affects 2.2 million employees on industry awards tied to the minimum wage’

These are the industries that the minimum wage will affect.

Minimum wage increases by industry

From July 1 — frontline worker:

    • Frontline health care and social assistance
    • Teaching and child care
    • Other essential services
  • From November 1 — most industries:
    • Construction
    • Manufacturing
    • Most other industries
  • From February 1, 2021 — hardest-hit industries:
    • Accommodation
    • Arts and recreation
    • Aviation
    • Retail
    • Tourism

Does this affect you as a business owner and do you have a business in any of these industries?

If you are not sure if you are paying the correct rates or paying your employees the correct award, let Maree help you today.

Maree Punzet
Maree’s Mobile Bookkeeping | Over 20 years Bookkeeping experience | Qualified BAS Agent
M: 0429 363 047
www.mareesmobilebookkeeping.com.au

Don’t market yourself as a Bookkeeper, unless you are qualified

As a qualified Bookkeeper, with over 20 plus years’ experience and also a qualified BAS agent, it makes it difficult to see so many business people market themselves as a Bookkeeper, when they are not qualified.

Firstly, it’s false advertising and I see many Virtual Assistants and Consultants that advertise as another service they provide is bookkeeping. Bookkeeping isn’t just a side service offered to clients. Bookkeepers in this profession have spent years crafting their business, years of study, years of completing courses and updating their skills on a yearly basis, this is all part of the Bookkeeping Industry.

We cannot just advertise and never do anymore study on a yearly basis, because in this industry, you must keep up with the ever-changing rules and regulations and new software.

When I see people advertise they do bookkeeping, it’s not just data entry we do and that’s it, there is so much more and way more behind the scenes work we do.

So if you do outsource your work to someone that mentions they do Bookkeeping, make sure you actually see their qualifications because I would hate to see business owners learning down the track that an amateur, someone that hasn’t a clue about the ins and outs of the bookkeeping industry to be looking at your books, paying your staff, because as the old saying goes, ‘you pay peanuts, you get monkeys’.

If you are looking for a Bookkeeper that is highly experienced and easy to work with, then please give me a call, my details are below.

Maree Punzet
Maree’s Mobile Bookkeeping | Over 20 years Bookkeeping experience | Qualified BAS Agent
M: 0429 363 047
www.mareesmobilebookkeeping.com.au

Job Keeper Applications are now ‘live’

So what is Job Keeper?

It’s a payment of $1500 per Fortnight to help you keep your staff employed. It is also applicable to sole traders, one Beneficiary of a trust or one partner in a partnership.  The business needs to apply through the ATO, this can be done either through the business Portal or through your Tax Professional such as Maree’s Mobile Bookkeeping.

These are the steps involved.

Step 1. Work out if the business is eligible to be eligible the business you must

– on 1 March 2020, have carried on a business in Australia or were a not-for-profit organisation that operated in Australia.

-Have employed at least one eligible employee on 1 March 2020 or been active in your own business.

– Your eligible employees are currently employed by your business for the fortnights you start to claim for, and continue to claim for (including those who are stood down or re-hired)

– your business has faced a

  • 30% fall in turnover (if their aggregated turnover is $1 billion or less)
  • 50% fall in turnover (if their aggregated turnover is more than $1 billion), or
  • 15% fall in turnover including donations and gifts (if they are an ACNC-registered charity and not a university or school)

Once you have determined your business meets the eligibility requirements.

Step 2: Identify your eligible employees

They are eligible if the employees:

  • are currently employed by the eligible Business (including those stood down or re-hired)
  • are either
    • permanent full-time or part-time employees of your Business or another entity in your wholly owned group) who were employees as at 1 March 2020
    • casually employed by you (or another entity in your wholly owned group) on a regular and systematic basis for at least 12 months as at 1 March 2020 and not a permanent employee of any other employer,
  • were at least 16 years of age as at 1 March 2020
  • were an Australian resident as at 1 March 2020 within the meaning of the Social Security Act 1991, which requires that they reside in Australia, and are one of an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder
    • the employee can also be an Australian tax resident who is a Special Category (Subclass 444) Visa Holder
  • we’re not in receipt of any of these payments during the Job Keeper fortnight
    • government parental leave or Dad and partner pay
    • a payment in accordance with Australian worker compensation law for an individual’s total incapacity for work
  • have not agreed with any other employer to be nominated as an eligible employee for the Job Keeper payment
  • complete the Job Keeper employee nomination notice.

Step 3: Pay your employees the min $1500 gross ie before tax per fortnight

  (starting with the fortnight 30 March – 12 April) to claim the Job Keeper payment for that fortnight.

  you need to continue to pay employees that you are claiming for either

  • every subsequent fortnight until 27 September 2020
  • until their employees stop being eligible or you opt out.

  For the first two fortnights (30 March – 12 April and 13 April – 26 April), The ATO will accept the minimum $1,500 payment before tax has been paid for each fortnight even if it has been paid late, provided it is paid by the end of April. This means that they can make two fortnightly payments of at least $1,500 per fortnight before the end of April, or a combined payment of at least $3,000 before the end of April.

Eg: employer has casuals and they have been paid $300 a week as that is what they have worked up to last pay week in april so over that 3 weeks they have been paid $900 then they need to make sure that week 4 they pay them $2100 to make the $3K for the month ie the equivalent of the $1500 per fortnight

  • The Job Keeper payment is a reimbursement from the ATO to your business and cannot be paid in advance.

All Job Keeper payments are assessable income of the business that is eligible to receive the payments. The normal rules for deductibility apply in respect of the amounts a business pays to its employees where those amounts are subsidized by the Job Keeper payment.

The Job Keeper payment is not subject to GST.

You can enrol for the Job Keeper package from 20th April, if you don’t meet the 30% Drop in March or April but do in  May you can enrol in the program once you meet the eligibility.

You must have the nominations forms filled out by all eligible employees before you apply for the job keeper.

If you need help in this area, please do not hesitate to contact me anytime.

Maree Punzet

Maree’s Mobile Bookkeeping

0429 363 047

PAYG rebate

This extract has been taken from this link below.

https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/In-detail/Boosting-cash-flow-for-employers/?fbclid=IwAR3HA9t0JC_3mwvXgFFEoyZ94h2m8rYdBn9uiH-9eH3vXAJ-GmckAWMYeKE#Creditamount

‘Legislation has been enacted to provide temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during the economic downturn associated with COVID-19 (novel coronavirus). This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees.  Min is 10K Max 50K

If you are eligible, you do not need to separately apply and upon lodgement of your activity statement, your first amount will automatically be credited to your account but no earlier than 28 April 2020.

The cash flow boosts will be made from the Government’s announced date of 28 April 2020. If you lodge early, you will not receive the cash flow boost before this date.

But also, you must be up to date with your lodgements to be receive so if you are behind now is the time to catch up.

You will be eligible to receive the cash flow boost if you are a small or medium business entity, including not-for-profit organisations, sole traders, partnership, company or trust that:

  • held an ABN on 12 March 2020 and continues to be active
  • has an aggregated annual turnover under $50 million (generally based on prior year turnover)
  • made eligible payments you are required to withhold from (even if the amount you need to withhold is zero).

In addition, you must also have either:

  • derived business income in the 2018–19 income year and lodged your 2019 tax return on or before 12 March 2020
  • made GST taxable, GST-free or input-taxed sales in a previous tax period (since 1 July 2018) and lodged the relevant activity statement on or before 12 March 2020.

Eg say you withheld 12,000 in PAYG for the Quarter ending 30th March 2020. You will be entitled to the cash flow boost of $12,000 after the 28th April once your March BAS is lodged

Followed by an additional $24,000 after the 28th July once your June BAS is lodged

Followed by final payment of $12,000 after 28th Oct for your Sept BAS

This is a total cash flow Boost of $48,000

Please note this is a credit on your activity statement, if your cash flow boost (Rebate) is more than your activity statement balance you can get a refund into your bank account’

If you need more clarity about the link above, do not hesitate to contact me.

Maree Punzet
Maree’s Mobile Bookkeeping | Over 20 years Bookkeeping experience | Qualified BAS Agent
M: 0429 363 047
www.mareesmobilebookkeeping.com.au

 

 

 

 

COVID-19 Crisis: Small businesses can defer loan repayments for 6 months

As of Monday 23rd March 2020, banks are allowing small-businesses to defer loan repayments for 6 months

This is a great incentive brought in by the Australian Banking Association and one of necessity.  

What that means is due to the COVID-19 virus the banks have allowed small businesses to defer any loan repayments for the next 6 months. This relief package is estimated to apply to $100 billion small business loans, but it will look at putting as much as $8 billion back into the economy.

This lifeline will provide small businesses the option of keeping their doors open to customers and keeping their staff in jobs, which is brilliant.

If you are a small business and have loan repayments, you can contact your bank as from Monday 23rd March to discuss the support package.

Small businesses are the backbone of Australia, due to the serious impact the COVID-19 will have on the economy, not only now but in months down the track, this will certainly bring relief to many small businesses in Australia.

Let me know if you have any questions about anything during this time, I am only a phone call away.

Maree Punzet
Maree’s Mobile Bookkeeping | Over 20 years Bookkeeping experience | Qualified BAS Agent
M: 0429 363 047
www.mareesmobilebookkeeping.com.au

 

COVID-19 CRISIS, remember there are other things to consider!

Apart from making sure you are healthy and in self-isolation and following good hygiene practices, when it comes to your business, there are a few important things to consider.

  1. Superannuation is still payable and due, so consider paying superannuation each pay run, or monthly to ensure better cashflow
  2. Ensure your supplier payments are all paid and up to date
  3. If you can, pre-pay your electricity, rent, mortgages and phone bills, whilst you can for at least 3 months in advance
  4. Talk to your staff daily, ease their mind, plan for the now and the future. Organise staff to work from home if possible.
  5. If you have staff in the office, make sure that staff are practicing good hygiene habits
  6. Review what you have in the bank to pay your liabilities at least for 2 months including wages
  7. Ensure to review staff entitlements if they do need to self-isolate
  8. Diversify your business, it may be easier than you think! What can you do differently but still operate your business? What other services can you offer
  9. Talk to your Finance Providers. What deferrals or loan reductions could they put in place for you today?
  10. Get the right information from the ATO Link, Fair Work and Department of Health
  11. Minimise as much as possible customer contact
  12. Review your business insurance and make sure you are covered
  13. Seek other suppliers within Australia if you have been sourcing previously from overseas.
  14. Review your Business insurance to see what you are and are not covered for.

Maree’s Mobile Bookkeeping can assist in the following areas

  1. Provide assistance with communicating with the ATO – assistance with payment plans, deferrals
  2. Help communicating with suppliers about deferring payments or putting payment plans in place
  3. Review your expenses
  4. Chase outstanding debts
  5. cash flow analysis planning know what’s coming in and out
  6. Understanding HR obligations
  7. Bookkeeping and BAS requirements
  8. Stay on top of your bookkeeping is now more important than ever before

If you need any help with any of the above or anything else my contact details are below.

Maree Punzet
Maree’s Mobile Bookkeeping | Over 20 years Bookkeeping experience | Qualified BAS Agent
M: 0429 363 047
www.mareesmobilebookkeeping.com.au

Superannuation Guarantee and what that means for you

The Government has given employers a deadline of until 7 September 2020 to disclose any superannuation guarantee shortfalls before increased penalties apply.

You can also check the ATO’s website  to find out more what employers are required to complete.

‘The amnesty allows employers to claim tax deductions for payments of SG charge or contributions made during the amnesty period to offset SG charge, as well as remove the administrative component and the Part 7 penalty that may otherwise apply in relation to SG non-compliance’.

‘Around 7,000 employers have since come forward to voluntarily disclose historical unpaid super since the amnesty was first announced on 24 May 2018.

Treasury estimates an additional 7,000 employers will come forward during the six-month amnesty period, returning $230 million of superannuation to employees who may have otherwise completely missed out’

Now if this sounds confusing, then give me a call directly on 0429 363 047.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047
Qualified BAS agent with over 20 years Bookkeeping experience
www.mareesmobilebookkeeping.com.au

Could the ATO be coming after you?

Are you one of those people that are behind in their GST and or Tax obligations, and think the ATO wont chase you or you just keep putting in the too hard basket.

Our team has received over 15 calls in the last 2 days chasing clients with outstanding lodgments and or debts.  Even with the threat of the Corona virus, we are still receiving calls from clients and we thought things would quieten down, so the ATO will come after you, no matter what.

Do you have outstanding GST and or Tax lodgments overdue?  I can definitely help you get on top of things.  Don’t wait for the ATO to send you a letter to say you need to catch up on your outstanding lodgments I can help you get on top of this before they contact you. But don’t delay and contact me today 0429 363 047.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047
Qualified BAS agent with over 20 years Bookkeeping experience
www.mareesmobilebookkeeping.com.au

Is Bookkeeping causing problems in your relationship?

I often chat to either a husband or wife, normally the husband who would prefer to outsource the bookkeeping instead of the wife/partner doing it, because it has caused some conflict or issues within the relationship.

It’s like the old adage, sometimes it is always better if an outside person, not related, not a friend takes care of things like bookkeeping, because as we all know, you should never mix business with pleasure.

Even though some of the best businesses in Australia are those of a husband and wife team, when it comes to bookkeeping, it’s a different story.

A lot of the time, whoever does the bookkeeping, would be better off utilizing that time better to work on the business instead of in it and if mistakes are made, there is nothing worse then blaming your wife or husband, girlfriend/boyfriend for something they may not know about or have done before.

I’ve worked in this industry for over 20 plus years and then some more and I can tell you the number of times I hear of a business needing to outsource because it’s actually affecting their relationship and causing arguments and stress. Just don’t do it, save your marriage, save your relationship and call me, Maree Punzet, from Maree’s Mobile Bookkeeping on 0429 363 047.

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

 

Should You Put Your Prices on Your Bookkeeping Business Website?

Ok, I’ve seen this question come up heaps on social media platforms and personally for me, my answer is YES.

You know why….most clients when they initially speak to me ask me what do I do, how can I help them and how much?

How much is sometimes the first question they ask if they haven’t look at my website. So why wouldn’t you put your pricing on your website. It shows transparency, it gives the client the ability to see what your packages and pricing are and if it suits them and within budget, then they will call.

I am not sure why Bookkeepers wouldn’t put their pricing on their website. It doesn’t make sense to me.

I understand with other industries you sometimes can’t cost a job unless you go out and see it, but for bookkeeping, when I do BAS reporting or bank reconciliations or data entry etc, I have a fixed price.

If you want to check out my prices further, please visit my website, see link below www.mareesmobilebookkeeping.com.au or call me on 0429 363 047

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

0429 363 047

Did you know changes from 1st March 2020 changes take effect to those on Annualised Salary Arrangements?

As from March 1st 2020 there are now changes being made to the way employers form and monitor employee salary arrangements.

https://lawpath.com.au/blog/changes-to-annualised-salary-arrangements-to-come-into-effect-from-1-march-2020

In a nutshell they will affect employers who set off their wage rates against modern award entitlements, this is a great link which shows which awards are being affected.

So if you have any questions about this, let me know.

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

 

 

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