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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

Can you claim your bookkeeping fees at tax

Ok, you might think this is a simple question, but yes you can definitely claim your bookkeeping fees at tax time.

It’s an expense which of course is related to your business.

Yes they can claim their bookkeeping fees 100% just like there accounting fees and for me for eg as GST registered if the client is to they can claim back the GST of their fees each quarter.

So why wouldn’t you outsource your bookkeeping to me, as a GST Registered BAS Agent, Bookkeeper these are all the little things I know, that many other business owners wouldn’t.

Bookkeeping isn’t simple, there is so much to learn and know and the regulations keep changing, so if you want to know what you can claim and cannot claim, then let me handle all your bookkeeping needs.

Maree Punzet
Maree’s Mobile Bookkeeping
0429 363 047

Only a few months away to EOFY, time to review your finances

How many of you have actually recently gone through your finances for the last few months? I’m not just talking how January 2020 was when it comes to profit/loss, but I’m talking about reviewing the last 6 months.

We are now in January, well February 2020, so we only theoretically have March/April/May and June, so really only another 4 months before the EOFY.

That’s right 4 months.

Have you been making a profit?

Have you paid your staff correctly?

Have you paid your suppliers?

Have you been paid?

That’s right, how many people owe you money, have you chased these businesses for your money?

That’s the thing, when we are in busy, we are wearing so many hats.

As a Bookkeeper and BAS agent, it’s my job to keep track of all this for you each month. Sometimes I do have to make that call and do debt collection on a businesses behalf.

So does this sound like you?

Are you behind in your books, do people owe you money,well if any of the above resonates with you, then give me a call on 0429 363 047.

Let me get you and your finances up to date so when EOFY comes, it’s all smooth sailing.

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

 

Did you know UBER drivers need to be GST registered?

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

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

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

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

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

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

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