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How will COVID affect your business in 2022 and into the future?

Many business owners have not been affected since 2020 when the first case was detected and Australia started going into lockdown.

Though on the end of the spectrum, I have lost some clients myself (not many) because COVID did contribute to a few businesses closing.

How will it affect your business in 2022?

I feel more business owners are optimistic when it comes to their own business this year. Over the last 2 years, many business owners have refocused, pivoted into other areas of their business.

Some have closed one part of their business and ventured into another area which has been of financial benefit.

If anything, business owners are becoming more creative.

What they thought wasn’t possible, is possible.

Many cafes that had a bustling business are now only doing takeaway and remaining doing takeaway. They felt with the wages of staff for waitressing, was better spent in keeping the remaining staff on for cooking and delivery.

How will your business go into the future?

Have you been able to sustain your business during the pandemic?

What have you done to keep it going?

If you ever need help with your bookkeeping, I’m happy to have a chat.

Let’s hope the future looks more positive for all business owners.

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

2022 the year ahead

2022…

Well it’s here.

Can you believe that the last 2 years has changed everyone’s lives?

Some has been positive changes and some have been negative changes.

I’ve seen many of my customers having to put more staff on, where others have had to let staff go.

Who would have predicted this would happen?

Who would have thought a pandemic could destroy or help a business?

No one saw this coming.

Who would have thought Australia would have border closures?

Who would have thought you couldn’t travel?

Who would have thought Real Estate would increase at such an incredible rate?

Who would have thought people would become homeless?

I have seen so much change over the last 2 years especially when it comes to Bookkeeping. With Job keeper, with grants, different changes to STP Phase 1 and STP 2 and everything else that the Government has imposed.

If you just need to have a chat about your business and where it is headed, please give me a call 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

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

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?

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

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

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

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

Do you know about Director ID?

Many people don’t know about Director ID and how to apply for one?

This is the eligibility criteria of those that need a Director ID.
– A company that is a registered Australian body or a registered foreign company under the Corporations Act 2001
– An Aboriginal & Torres Strait Islander corporation registered under the Corporations (A&TSI) Act 2006.

In other words an eligible officer is a person who is appointed either as a director, or an alternative Director who is acting in that capacity.

For more information on the Corporations Act, visit the ASIC websiteExternal link, this information is from the link below.

‘Corporations Act directors

When you must apply for your director ID depends on the date you become a director.

Date you become a director Date you must apply
On or before 31 October 2021 By 30 November 2022
Between 1 November 2021 and 4 April 2022 Within 28 days of appointment
From 5 April 2022 Before appointment

To be a director under the Corporations Act, you must:

  • be an individual who is at least 18 years old
  • not be disqualified from managing corporations, unless the appointment is made with the permission of ASIC or the Court.

To be a director under the CATSI Act, you must:

  • be an individual who is at least 18 years old
  • be a member of the Aboriginal and Torres Strait Islander corporation and an Aboriginal and Torres Strait Islander person (unless the corporation’s constitution or rule book says otherwise)
  • not be disqualified from managing an Aboriginal and Torres Strait Islander corporation, unless the appointment is made with the permission of the Registrar of Aboriginal and Torres Strait Islander Corporations or the Court.

For more information on the CATSI Act, visit the Office of the Registrar of Indigenous Corporations (ORIC) websiteExternal link

If you use an authorised tax, BAS agent like myself, I can help you decide if you need to 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

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

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?

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?

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?

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?

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

Are you ready for 2022?

Why would I be asking a question like that? Simply because it’s only 3 months away and many businesses are either ramping up or wrapping up their work in the lead up to Christmas and the New Year.

I know many business owners holding off putting on more staff until 2022 because of lockdowns and border closures, but once the New Year is upon us, people will need to outsource their bookkeeping with the influx of new employees, paperwork, superannuation, payroll.

Don’t forget Bookkeeping is an important part of your business, so get ready for 2022 and give me a call.

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

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

Is financial strain causing you stress during lockdown, outsource to a bookkeeper to help you regain some control

Do you feel like you’re in a pressure cooker?

About to boil with all the stress from lockdowns.

If you want to regain some control over your expenses, control over your business, then contact Maree today.

Maree understands the stress that many business owners are under at present and have been over the last 18 months.

Outsource your Bookkeeping to Maree today, so you can at least gain some control in that area of your life.

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

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

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

JobSaver boost

https://www.nsw.gov.au/media-releases/major-jobsaver-boost-to-expand-covid-19-support
This extract has been taken from the link above.

‘The joint NSW Government and Commonwealth JobSaver program will be significantly boosted to give greater support to businesses and individuals impacted by the extended lockdown.

JobSaver payments will now be available to businesses with an annual turnover of between $75,000 and $250 million, up from $50 million, which have experienced a revenue decline of 30 per cent or more.

The maximum weekly payment has also been substantially increased, with employing businesses that maintain their employee headcount now able receive between $1500 and $100,000 per week, up from $10,000, with payments based on 40 per cent of their weekly NSW payroll.

Applications for JobSaver opened on Monday with more than 14,000 applications already received and almost $28 million approved for payment so far. Payments are expected to start hitting bank accounts from 31 July.

Businesses can expect to receive funds in their accounts within five to ten business days from their approval date, and the arrangements announced today will be backdated, so businesses that have already received a first payment on previous settings will be topped up when their next payment is made.

JobSaver payments are available from week four of the lockdown. Non-employing business remain eligible for a maximum of $1000 per week.

Businesses have also received much needed support from the 2021 COVID-19 Business Grant to cover the first three weeks of lockdown, with more than $118 million paid to businesses so far from more than 56,000 applications received.

For more information visit 2021 COVID-19 Support Package’
https://www.service.nsw.gov.au/transaction/jobsaver-payment#what-you-need
If you fit the criteria, I would definitely be checking out the 2021 COVID Support Package today and the link above that goes through the criteria in much more detail of what you need so you can apply.

If you need any help at all, please do not hesitate to contact me.

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 you eligible for the 2021 COVID-19 business grant in NSW?

https://www.service.nsw.gov.au/transaction/2021-covid-19-business-grant

This info has been taken from the link above.

‘If you’re a business, sole trader or not-for-profit organisation in NSW and you’ve been impacted by the recent COVID-19 restrictions, you may be eligible for a one-off grant of $7,500, $10,500 or $15,000.

The 2021 COVID-19 business grant provides support for businesses that experienced reduced demand or had to close due to the public health orders. It will support businesses with cash flow for the first 3 weeks of the Greater Sydney lockdown which started on 26 June 2021.

Eligible applicants across NSW can use the grant for business costs incurred from 1 June 2021, including:
• utilities, wages and rent
• financial, legal or other advice to support business continuity planning
• marketing and communications activities to develop the business
• the cost of perishable goods that can no longer be used
• other activities to support the operation of the business’

If this is you and you fit the criteria, I would definitely be applying today, if you need help, I am always happy to help any time.

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

Reminder that Superannuation is now 10% commencing 1st July 2021

Also don’t forget that STP (Single Touch Payroll) is compulsory, this has been a legal requirement for 2 years.

‘The Superannuation Guarantee (SG) rate as currently legislated will increase from 9.5% to 10% with effect from 1 July 2021 with further increases of 0.5% per year to come from 1 July 2022 until it reaches 12% from 1 July 2025 onwards. The SG rate increases were not affected by the 2021-22 Federal Budget’

Are you up to date for all your employees?

Do you need help?

If so, please do not hesitate to call me 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

Did you know there has been an Annual Wage Review starting 1st July 2021?

Check out this link for more information.

https://www.fairwork.gov.au/about-us/news-and-media-releases/website-news/annual-wage-review-2021?fbclid=IwAR20Iq3Ay5_uV8rRZW9lSeYY1aiiNmH5L2nxvQ4B3PfmhrJsUveax3ReREg

I’m sure you want to know who does the increase apply to?

Well, it applies to anyone who is paid minimum award wages or the national minimum wage. If you are a business with staff, the awards have changed. For anyone that is not covered by an award or an agreement, the new national minimum wage is $772.60 per week or $20.33 per hour.

When does the increase start you may ask?

The new national minimum wage applies from your first full pay period on or after 1st July 2021.

There is also an increase to the Super guarantee for all eligible employees from 1st July 2021.

If you are confused and need a helping hand, please contact me direct.

Maree Punzet
Maree’s Mobile Bookkeeping
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

Changes to Casual Employment and what it means for Employers

Employers will now have to give every new casual employee who commences with their company what is called Casual Employment Information Statement, in short (CEIS), either before, or as soon as possible after they start their new job.

A employer does not have to provide the CEIS more than once in any 12 month period, if the casual employee starts at different stages or times throughout the 12 month period.
The CEIS was first published this year on 29th March 2021 and updated on 20th May 2021.
The updated version provides more information about the definition of a casual employee and minor changes to information about casual conversion.
You can download the CEIS statement here.

Download the Casual Employment Information Statement (PDF 296.4KB) (DOCX 50.1KB).

Employers can give the casual employees the CEIS in person, by mail, email, emailing a link, emailing a link to a copy of the CEIS, by fax or by another method, as long as it is received.
If you are unsure of these changes or need to know any more information, please do not hesitate to give me a call.

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 know about the changes to unpaid parental leave entitlements?

The Fair Work Act was amended on the 26th November 2020, to include new unpaid parental leave entitlements for parents, who experience the traumatic events during or ahead of their unpaid parental leave.

In other words, this includes premature birth, stillbirth, death of a child.

It’s something we don’t want to talk about or even think about, but these changes will enable all eligible parents to access up to 30 days of their unpaid parental leave. This only applies to a child born or whose placement happens on or after 27th November 2020.

It is hard to fathom what parents go through during these traumatic events.

Even though I talk about business, bookkeeping and PAYG etc, these events do happen to so many people, which is so unfortunate and as a bookkeeper, I keep abreast with these changes which may affect you or your employee.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!

Changes to Casual Employment

If you haven’t heard already, on Friday 26th March 2021, the Fair Work Act 2009 was amended to change workplace rights and obligations for casual employees. These changes came into effect on Saturday 27th March 2021.

In a nutshell, what has changed is the Amendment Act has introduced the following
-The Casual Employment Information Statement
-The Definition of Casual Employment
-Pathway for casual employees to move to full time or part-time (permanent) employment.

In regards to the Casual Employment Information Statement, now Employers will have to give every new casual employee a Casual Employment Information Statement before, or as soon as possible after they start their new job.

The definition of a Casual Employee is the Fair Work Act has been amended to include a new definition. That a person is a casual employee if they accept a job offer from an employer knowing that there is no firm advance commitment to ongoing work with an agreed pattern of work. They will remain a casual employee until they either, become a permanent employee through: casual conversion, or are offered and accept the offer for full time or part time employment, or stop being employed by the employer.

The existing casual employees, which are those casuals who were employed immediately before 27th March 2021 and whose initial employment offer meets the definition, will then continue to be casual employees under the FW Act.

If this sounds all too confusing, give me a call and let me step you through it and remember that there is a new avenue to resolve some disputes about casual conversion through the Federal Circuit Court.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!

Businesses given a deadline to acquire a Director ID

Recent news that Business Directors now have a set deadline to obtain a director identification number under the federal governments digital business plan.

It’s providing directors appointed under the Corporations Act 2001 that they have up until the 30th November 2022 to obtain a Director Identification Number (Director ID).

It will apply for both existing Directors who were appointed prior to the start of the Director ID regime as well as Directors appointed during the testing phase. The Government released these details as part of the 2020 budget Digital Business Plan.

The director ID will help prevent the appointment of fictitious directors, which unfortunately some businesses have done. This is under the MBR program which was announced as part of last years.

If you have any further questions, please do not hesitate to contact me 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, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!

The ATO is permanently launching the small business dispute resolution service

If you didn’t already know, but the ATO has announced its small business independent review service. It will be a permanent service, following a successful pilot stretching several years.
This service will be available for eligible small businesses with an annual turnover of less than $10million. This service will help businesses with disputes about income tax, GST, excise, luxury car tax, wine equalisation tax and fuel tax credits.

You might be asking, what about disputes about employer obligations for instance superannuation; & fringe benefits tax are not eligible for the independent review service. This independent review service is available to eligible small businesses in addition to other dispute options, ie lodging an objection, in-house facilitation.
The pilot program started in 2018, over 1200 or more small businesses have been offered the service. More than 180 small businesses have taken up the ATO’s offer. Since the pilot program started, those that participated found the process to be fair and independent, hence why it’s now been implemented permanently.

Personally, I think it’s a great initiative and extremely helpful to small 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 and saves you time to work in/on your business this makes good financial sense!!

ATO is flipping the switch on debt recovery

As you may or may not know, taxpayers in Australia are falling behind on tax debts and lodgement obligations.

With JobKeeper coming to an end on the 28th March 2021, the program is officially over. The Tax Office has confirmed that it will now resume pursuing and enforcing debt recovery.

It has come to this stage because the ATO had been sending out letters to taxpayers in February to warn them of potential action, but many taxpayers have failed to make good on their obligations.

The debt is growing and many bookkeepers and accountants have predicted that the ATO would turn to stronger enforcement, once the JobKeeper program finished.
Even though Australia has had to ensure, bushfires, floods, COVID-19, has had a significant impact on taxpayers. What is required is for people now to get their paperwork in order and that is where I come in.

The last thing you want is the ATO on your case, we as bookkeepers and accountants have been urged from the ATO office to ensure our clients continue to lodge even if they are unable to pay, with tailored payment plans as this is still available to them.

Don’t ignore the letters from the ATO, if you are worried, please give me a call.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!

Are Bookkeepers in demand in 2021?

The answer is YES

Since COVID started, it was already busy, but now that we are coming out of COVID, more people have reconsidered how they spend $$$ on their business and what is really great to see is so many more people are coming to the conclusion that it is way smarter and cheaper to outsource their bookkeeping.

It makes good economic sense.

More so now, then ever before.

With the Government making changes to requirements for businesses, business owners are confused as to what is on offer for them, what they need to do and when different things are due.
So yes, the answer is a resounding yes, we are very much in demand.

If you need assistance, you’re in the right place, just give me a call, email, pm, whatever and I can help you anytime, any day.

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!

Easter time – Special

Firstly, I would like to say to each and every one of you Happy Easter, Easter is a great time of the year.

I would also like to encourage you if you haven’t outsourced your bookkeeping to me already, this is now a great time as I am offering 20% off the first month for any new client that comes onboard. Now that is a huge saving!

Easter is a great time to spend with family and friends and spoil yourself with some chocolate and hot cross buns.

In saying that, it’s also a great time to review your expenses, review your budget, review your bookkeeping.

Let me help you today!

Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket and saves you time to work in/on your business this makes good financial sense!!