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COVID-19 Crisis – 10K grant has been announced for those living in NSW

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This information has been taken from the following website

 https://www.service.nsw.gov.au/campaign/covid-19-help-small-businesses/grants-loans-and-financial-assistance

Small business support grant

The NSW small business COVID-19 support grant of up to $10,000 is available to eligible NSW small business owners.

To be eligible, businesses will need to:

  • have between 1-19 employees and a turnover of more than $75,000
  • Have a downturn of 75% turn over
  • a payroll below the NSW Government 2019-20 payroll tax threshold of $900,000
  • have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020
  • be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020
  • use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice
  • provide appropriate documentation upon application.

Highly Impacted Industries

Eligible industries are those that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include:

  • Retail trade
  • Accommodation and food service
  • Rental, hiring and real estate services
  • Administrative and support services
  • Arts and recreation services.

For further eligibility criteria and the application form, visit Apply for the small business COVID-19 support grant.

If you need any further assistance or just want to ask questions in relation to the stimulus packages, please do not hesitate to contact me anytime on 0429 363 047

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

How the Bookkeeping industry has changed over the last 20 years

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To be honest I cannot believe I have worked within the bookkeeping industry for over 20 years and have definitely seen many changes in that time.

What was once the traditional bookkeeper role I remember clients giving me a stack of receipts and paper bank statements, even to this day I do still receive paperwork in shoeboxes, but at that time all the information was keyed into the computer, including all their financial information.

This was quite time consuming in my early days of bookkeeping and there was no such thing as Facebook, SMS, PM etc. The old phone and email or fax machine was my forms of communication.

Compared to nowadays, us bookkeepers have had to adapt to different software, we now all have websites, we are probably a lot quicker and efficient having the likes of fantastic software packages ie Xero, MYOB and Quickbooks and now that everything is cloud based has made our lives so much easier. In fact with technology it has increased my client database to what it was over 20 years ago. I am able to take on more clients as the time it takes is much quicker then the old way of data entry and account reconciling.

The best thing now with technology in 2018 is the efficiency and being able to provide real-time information now to my clients is fantastic so I can provide up to date service there and then on the spot.

Any good bookkeeper will have solid accounting knowledge combined with quick data entry skills and also be knowledgeable about accounting software too.

So if you would like to know more information, please contact Maree Punzet from Maree’s Mobile Bookkeeping on 0429 363 047 or visit her website www.mareesmobilebookkeeping.com.au