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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!!

Are you part of the Construction Industry, here are some helpful bookkeeping tips for you.

How I love working for my clients in the construction industry.

The Construction industry have the unique experience of working with a range of employees, partners, outside contractors, businesses and individuals and all have various payment schemes.

Working within this industry, books can quickly become complex, hence why this industry in particular, should consider outsourcing to a Bookkeeper.

There are many different facets from reporting on incomings, outgoings, tax, super and benefits.

Construction accounting is very different is project driven. Construction workers are contractors who operate their own business around projects and these can be scattered on different sites and locations. Then you need to look at the different sites to consider the wage differences, equipment and transportation costs, the length of contracts can vary, orders and plans can change quickly and these changes need to be tracked diligently. You also need to look at the changes in the construction scope, design, site conditions, project schedule to make sure you don’t break the budget.

If you are struggling and work in this industry and losing track of your finances, then please give me a call. I have many years’ experience in this area.

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 worst bookkeeping mistakes that most business owners don’t realise

There are a number of mistakes business owners don’t even realise they are doing and in my years of bookkeeping experience, I have seen so many.

  1. Not setting up your chart of accounts
    If you are doing your bookkeeping yourself, try not to use what the bookkeeping software provides as it may not be relevant. It’s beneficial to build your own and also make sure your GST codes are correct.
  2. Setting up your Petty Cash account in Assets
    If you have an office petty cash tin, it is not an asset. So, don’t setup an account for it.
  3. Not setting up payroll correctly
    Oh, boy have I seen some doozies in my time. It is extremely important that payroll and employees have been setup correctly. Include the employees DOB, TF and ensure their penalty rates are correct and also don’t forget that your linked accounts are correct, which includes tax, superannuation etc.
  4. Reconciling incorrectly
    This includes all bank and credit card reconciliation, BAS reconciliation and payment summaries and superannuation.
  5. Assets or liabilities as expenses
    By now you should know the difference between the two, but many business owners don’t. I can definitely help you and explain the difference.

It sounds simple, but why would you do this yourself, when you can outsource this to me.
Call 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!!

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!!

Keeping track of finances is a struggle, especially for cafes and restaurants

Do you fit that category?

Are you a business owner who owns a café or restaurant?

Those that work in this industry know how busy one gets with juggling staff, shifts, rosters, suppliers, cashflow, serving customers, taking inquiries, stock taking, cleaning, the list goes on.

I have many clients that work in this industry and you know why they outsource to me to do their Bookkeeping and BAS, because they don’t have the time.

Businesses in hospitality have the highest percentage of failure, due to poor record keeping, I bet you didn’t know that.

As a result, with little or no data, decisions are made on emotion, which is a bad thing when it comes to bookkeeping.

Statutory reporting for many cafes and restaurants can also be an issue with many supplier invoices being GST taxable, free or a combination.

Are you nodding your head in agreeance?

Once you have managed all your supplier invoices and then the rostering of employees, outsourcing to a Bookkeeping makes sense.

Nowadays since COVID, cafes and restaurants have had to come up with different ways to serve customers via delivery or for customers to pick up. Now that we are slowly coming out of the pandemic in different states, business owners are looking at better ways to serve their customers whilst maintaining social distance and following all hygiene precautions whilst still making sure food is served and delivered and ultimately the customer is happy.

It is a massive task for any business owner.

If this sounds like you and you need help, then please give me a call direct on 0429 363 047.

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

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!!

 

The ATO has issued a reminder to businesses who may be subject to penalties for missing October 2020 deadline to fulfil their Superannuation Guarantee Obligations

Don’t be one of those businesses that is subject to penalties.

By law, the ATO has advised and reminded businesses they cannot extend the due date to pay superannuation.

If you have already missed the 28th October deadline to pay your quarterly SG contributions, you will need to lodge a superannuation guarantee by the 28th November 2020 to avoid penalties, after this date you will incur the penalties and believe me you don’t want to miss the deadline.

‘The ATO noted the superannuation guarantee charge is different to the regular contributions businesses pay and is made up of SG shortfall amounts, interest on those amounts (currently 10 per cent) and an administration fee of $20 per employee per quarter’

If you need assistance now, then please 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!!

 

Your paying for my years of experience

When I speak with clients, some hesitate at the cost and say to me, that’s just too much money for BAS reviews and quarterly lodgment.

It is strange, when you think if you have a plumber or electrician come to your home to fix a leaking pipe or a faulty switch, do you ever say, wow, that’s too much money.

You don’t, purely because you know that the Plumber or Electrician is a qualified tradesman and they have spent years in training and courses to be highly skilled in their area of expertise.

It’s no different as a Bookkeeper/BAS Agent, I have spent countless years of study, over 20 years of experience working in client’s onsite locations as well as working online from home, many hours, late nights studying, working on problematic areas of businesses, so why is it any different?

It isn’t.

What I provide to you is not only a service, but I provide 20 plus years’ experience as well. Of course, there will be a cost to that. If I was in my first-year learning Bookkeeping, of course I wouldn’t be charging much, because I would still be learning and inexperienced.

So, don’t look at the price, look at the experience a person can provide you for your business, making sure you’re not losing money but saving money and your bookkeeping and BAS is correct, so you don’t have the ATO chasing you.

If you have any questions, please do not hesitate to contact 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

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 ATO is warning businesses to stay up to date with their obligations

The ATO have been sending out notices to all businesses, warning them that if they are not staying up to date with their obligations, that is may in fact impact their eligibility for future stimulus measures.

In short, they are saying that businesses who are doing well need to resume their obligations whilst those that are facing ongoing hardship are encouraged to get in contact with the ATO.

Since September 1st 2020, the ATO has stopped providing blanket extensions to small business audit cases. The ATO have also recommended activity where the business is either not adversely impacted by COVID or is now in a position to progress.

If you need some help in this area, please do not hesitate to contact 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

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!!

Don’t be caught out underpaying staff

Are you aware that changes are happening from the 1st November 2020 to Award Wages, if you don’t you need to read below?

Did you know that the award minimum wages for Group 2 Modern Awards has actually increased by 1.75% from 1st November 2020? The increase in this wage will have a flow on effect to all businesses with loading, penalties, allowance and also overtime payments.

So as a business owner, you should take the steps to ensure wages are compliant with the November 2020 Modern Award increase.

I’ve noticed sometimes businesses never deliberately underpay, so normally it’s a lack of attention or oversight.

Remember to also review any of your ‘all-inclusive’ pay arrangements for employees covered by this Group 2 Modern Award. It’s important to know that employees who receive an all-inclusive salary, that the increase to the minimum rate may affect that of the all-inclusive salary, so make sure you check by going through the employee’s awards entitlements by reference to their actual hours of work.

Now if that sounds all too confusing, please give me a call on 0429 363 047 to have a look through.

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 Budget 2020, what’s in it for SME’s?

Check out this link for further info, but the Budget 2020 was an interesting one.

https://www.mybusiness.com.au/finance/7527-budget-2020-what-s-included-for-smes?utm_source=MyBusiness&utm_campaign=06_10_2020&utm_medium=email&utm_content=1&utm_emailID=

There were a mixture of Tax Concessions, JobMaker hiring, whereby if a business hires a young job seeker aged 16-35 they will receive a JobMaker hiring credit of $200.00 per week for every new worker and $100.00 a week if they hire a new person aged 30 to 35 years. This is payable for the next 12 months, if that new person works at least 20 hours per week.

The other one I found particularly interesting was the $800m digital plan, to push businesses to adopt digital technologies post COVID.

Have a look at the link yourself and see what you think. Interesting times ahead for Australia.

Though if you are totally confused by it all, give me a call direct on 0429 363 047.

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

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!!

Insource your Accounts Receivable to Maree today

As a Business owner, you have many things to do, ordering stock, rosters, getting new customers, marketing and much more. This can sometimes mean you don’t get time to get your invoices sent out to your clients, resulting in lack of cash flow.

Some of the benefits of insourcing are:

Effective efficiency: obtaining professional assistance gives you back the time to concentrate on your area of specialty. It can free staff from doing their own jobs.  Insourcing your accounts receivable, your business will experience less wastage and save money.

Remain in control: By insourcing accounts receivable services, you will always have access to up-to-date data. Better then your cashflow being impeded, you’ll be ready to make any necessary rectifications.

Lowers unnecessary costs:  Insourcing accounts receivable helps to lower the indirect costs associated with trying to do it all yourself. By having an insourced person doing this, they can make the follow up phone calls, they can keep the books up to date and look at areas of missing discounts or opportunities for growth.

Staffing costs: The responsibility of managing the accounts receivable is done by Maree Punzet. There is no need to look at having a full-time accounts receivable person to do this, insource is financially the better option. Your cashflow will love you.

For a small fee I charge the following:

  • Preparing of invoice for your client
  • Emailing the invoice to your client
  • Regular reporting to you about clients owing money
    Up to 5 invoices to be sent $120 Per Month (GST Inclusive)

I can even chase up your clients for late payment and do debt collection. So why waste your time, when you can give it to me to do.

If you would like to know more about what I can do, 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

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!!

PAYG Variations

This is a handy link about PAYG Variations.

‘The Australian Taxation Office has updated its guidance on pay-as-you-go instalments, reassuring businesses that they can vary their PAYG throughout the year if they think they will pay too much, compared with their estimated tax for the year’

https://www.mybusiness.com.au/tax-accounting/7465-ato-reiterates-stance-on-payg-variations-due-to-covid?utm_source=MyBusiness&utm_campaign=23_09_20&utm_medium=email&utm_content=2&utm_emailID=a4e9c39a71c818b32f3ea4e19578eb08e4c1bb37f2731e2f53df0320a967ae57

If this doesn’t make sense to you or if you have any questions, 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!!

Common mistakes people do with Bookkeeping Software

Many business owners saying I don’t need a Bookkeeper, because the software is so easy it does it for me.

I see many times when a client comes to me who has been doing their own books and entering data into the software and being honest, have completed excuse the expression ‘stuffed things up’.

People are allocating bank feeds to the corresponding income or expense account and saying I have completed my bank reconciliation but this is not a bank reconciliation you need to physically match your bank feeds to your physical bank statement to make sure the software says you have the same amount in the bank as your statement, without doing this you could be getting into a big mess.

I see many people coding incorrectly.

You  need to code your GST correctly as not every transaction attracts GST. Not every expense you put through your business account is a deductable business expense.

Another common mistake is not differentially between employees and contractors.

This one is another mistake, not going over your financial statements, the amount of times I see this happen, astounds me.

Not keeping receipts for business purchases, a simple but yet common mistake, so therefore what you are entering into your bookkeeping software is incorrect and people will then try to just put an approximate value, which is wrong.

Recording transfers as income is another big no no. Doing this can obviously inflate your revenue which in turn will increase the taxes you pay.

That is why outsourcing to a professional Bookkeeper is the only way to do business.

Call me today and let me explain how I can 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

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!!

Subbies and ABN check

Now what does Subbies and ABN’s have in common?

Think about it, when was the last time you checked your subbies ABN’s?

Just because you are a business and you trust your subbies who work for you, when you are being invoiced for GST, are they actually registered for GST.

Have you checked this?

You’re probably thinking, but I’ve had the same subbies work for me for years. That doesn’t mean they may not be GST registered anymore,

It’s good business practice every 6 months is to go in and check each subbies ABN is GST registered by following this link

Link:  www.abr.business.gov.au

Because you may have been getting charged over time for GST and not realise it and the subbie has been pocketing the extra money, without your knowledge.

Don’t always believe in trust and the hand shake. During difficult times, people do silly things.

So, check your subbies ABN and check they are actually registered for GST.

Or better still, give me a call and I will check out their details for 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

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!!

Why waste your time with Payroll, outsource to Maree today!

Oh, I hear often many business owners who absolutely detest doing Payroll. They say it’s the worst job in the world.

Payroll is one thing many businesses should just outsource.

There is quite a lot involved with PAYG, Superannuation, making sure all employees are paid and receiving timesheets on time, the process of payroll can be extremely time consuming for any business that has staff.

Between making sure the business is running smoothly, training staff, meetings, looking after customers, growing the business, the last thing on a business owners mind is the Payroll.

I offer this to clients and it’s one of my most popular packages.

The package includes the following:

  • Processing of Payroll and emailing of payslips to employees
  • Single Touch Payroll Reporting
  • PAYG Lodgement
  • Superannuation Reconciliation and Lodgement
  • From 1 to 5 staff

Cost: $125.00 per month (GST Inclusive)

It’s actually extremely cost effective to outsource and if you have more staff, I can custom a package 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!!

Why you should insource your Accounts Payable to Maree

So what is Accounts Payable? It is basically paying the suppliers you purchased goods from on credit.

You need to complete payments coming in from your suppliers and also going through all invoice expenses to make sure they are correct, plus processing into your accounting system correctly, verifying and reconciling invoices.

Now for the average business owner, this does not sound like fun. But for me, I love this, I really enjoy it.

The benefits of insourcing this task is that your supplier invoices are paid faster and on time. Business owners can get busy and forget to pay their suppliers on time, this can result in stop credit and comprise the business supply chain.

I do offer an Accounts Payable package which includes the following and I use our Better Accounts Payable Systems to avoid invoice duplication. Insourcing this can also be more profitable as I offer a package based on how many invoices as opposed to hourly rate.

For a small fee, this is what I offer:

  • Entering of Supplier invoices into your Bookkeeping system
  • Depending on client preference:
    (Option 1): Preparing a list of suppliers due to End of Month payment run
    (Option 2): Preparation of electronic file, client can then upload straight into their online banking
    (Option 3): Logging onto client’s bank and paying suppliers on client’s behalf

    5-10 Supplier invoices $120 Per month

(For more Supplier Invoices, contact Maree to custom a quote)

It really isn’t a lot of money in the whole scheme of things and many times I custom a quote if they have more each month.

If you would like to know more about what I can do, 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

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!!

 

 

1st October 2020 marks the start of the Job Keeper Extension

From 1st October, Job keeper 2 or the extension to Job Keeper has started, this link here provides a little bit more information.

I have received a number of calls from clients not sure how to determine not only if there are eligible but also what tier their employees or even themselves as business owner will be on.

People will need to total what their September Quarter sales were for 2020 and the same with 2019,.

If you have had a reduction of 30% or more, you will definitely be entitled to the Job Keeper extension.

Then you just need to use the reference period of Feb 2020 to determine if you or your staff worked more or less then the 80 hours in the month to determine the Tier.

If, you are still stuck and don’t have any idea what to do, please give me a call on
0429 363 047.

https://www.mybusiness.com.au/tax-accounting/7398-ato-releases-jobkeeper-extension-guidance-setting-out-post-september-procedures?utm_source=MyBusiness&utm_campaign=07_09_20&utm_medium=email&utm_content=1&utm_emailID=a4e9c39a71c818b32f3ea4e19578eb08e4c1bb37f2731e2f53df0320a967ae57

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!!

Every Bookkeeper should sight bank statements

There are a number of reasons why we as bookkeepers need to sight bank statements and the main goal by doing this is to make sure there is a recorded balance of your business and the recorded balance of the bank match up.

Here is why we need to sight your bank statements and reconcile your bank feeds.

  1. Validation – Data entry

Checking your bank statement, we can pick up any irregularities, such as duplicating entries, entering wrong amounts and data errors.

  1. Accuracy of Financial Statements

This is such an important one, where we check that your financial statements match those of the bank. Sometimes, on rare occasions, the bank may make a mistake, so normally it is the business owner that has, so checking that these match-up is paramount.

  1. Tax Reporting

This may sound simple, but making sure your reconciling your bank statement correctly so we can generate a correct tax return for you.

This just enables us as your bookkeeper to monitor and spot any irregularities between your financial statement and that of the bank. It is also a precaution to control theft as it prevents employees or others from stealing from your company.

To give you a prime example, we had a client once who had not done a bank reconciliation for 5 years. The client’s accountant had been doing the tax returns, but not checking it either. There were duplicated sales, missing expenses, everything you could think of.

Therefore, the client’s tax returns for the last 5 years were incorrect.  In this case, we had to go back and go through everything over the last 5 years.

If you’re someone that has been outsourcing your bookkeeping to another bookkeeper and they are not following these simple steps, then it might be time to look elsewhere.

Often, I come across business owners who have been ‘burnt’ by a bookkeeper, because what they thought they were doing was correct but they were not.

If this sounds familiar to you, then save yourself, time and stress and call Maree’s Mobile Bookkeeping on 0429 363 047 and outsource your bookkeeping 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!!

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!!

If you own an AirBnB, are you compliant and declaring your income?

If not, then you need to call me because the ATO are cracking down on those that have AirBnB’s and are not declaring their incomes.

One thing to note..DON’T TRY TO HIDE YOUR AIRBNB INCOME, it will come back and bite you believe me.

The ATO can track your income and if you’re not earning a lot of money from your AirBnB it doesn’t matter, you need to keep your records.

The ATO are cracking down on people who under-claim their rental income and this will lead you to pay back taxes, you will also incur new fines, penalties and even interest charges.

It’s not worth hiding your income.

In a nutshell, if you aim to host a room or rent your property then you must know the tax implications of becoming an AirBnB host. You cannot under-claim your AirBnB income and you need to make sure you keep every single expense receipt.

It doesn’t matter how irrelevant you may think it might be, you need to keep every single receipt that you have, no matter what the amount is.

Now if this sounds all too hard…then give me a call and I will sort your paperwork and make sure you claim all of your expenses so you can get the most out of those AirBnB tax deductions.

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!!

Bookkeeping is like a box of chocolates, you never know what you’re going to get!!!!

Oh, I so loved that movie with Forrest Gump, sitting on that park bench, talking to whoever wanted to listen.

How true, when it comes to Bookkeeping, you definitely do not know what you’re going to get.

Each client that I work for, come from different areas, backgrounds and industries. When I receive their paperwork, believe me, it is like a box of chocolates. Hand written notes on post-it’s, shoeboxes full of receipts, emails explaining different expenses.

It can be quite funny as many clients absolutely detest this part of their business, that is why they outsource to me.

I actually enjoy the anticipation when I open up an email or shoe box what sort of surprise I will receive because let me tell you, I have had many surprises. There never is a dull day when it comes to Bookkeeping.

So let me get your ‘chocolates’ in order and fix your bookkeeping today and if you want to send me an actual box of ‘chocolates’ I am ok with that too!

Contact 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!!

If I had a little money, it’s a rich man’s world

‘I work all night, I work all day, to pay the bills I have to pay
Ain’t it sad

And still there never seems to be a single penny left for me
That’s too bad’

Now, I’m not going to write all the lyrics of that famous ABBA song. Money, Money, Money, but I do want to talk about money. Why is it so important to small businesses? Money is ‘gold’ when it comes to small business, all businesses large or small need cash-flow.

Money does help to pay the bills, helps expand a business, pay’s the employees and also helps to pay for marketing and websites and a new CRM program or equipment and material for example. It is one thing we all need. Though when it comes to business, it is one thing we seem to not have a lot of, or we are always chasing clients for payment.

This is where a ‘bookkeeper’ comes in handy, making sure your income and expenses are entered into correctly, that you are aware of your profits and losses, how much tax you have to pay. Your incoming and outgoing expenses and just the general efficient running of the ‘money’ side of your business.

So why don’t all businesses utilize a ‘bookkeeper’?

It is the most important job to do for any business owner.

If you are out there making sales, getting work in only to not receive dividends of your hard work, then basically you are working for ‘fresh air’.

No one wants to work for ‘fresh air’ we work for ‘money’.

I hear you saying, but we do it for the love of it, deep down we all know we still do it for the money. That’s what business is about, it is difficult at times and some months are better than others, but don’t let this part of your business fail, because if it does, there won’t be a business.

Review your business model, look at utilizing a bookkeeper and know that you will have ‘money’ always in your account, not ‘fresh air’ and to add, it’s not a rich man’s world anymore!!!

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!!

Did you know that NSW Agriculture is facing significant labour shortage due to COVID-19?

“The Help harvest NSW program is aimed at assisting residents find seasonal employment opportunities with farm producers and agribusiness during COVID-19. The NSW Government web hub has a range of jobs on offer including fruit picking, grain harvesting and working on a cattle station”

More information can be found clicking on this link below.

https://www.nsw.gov.au/covid-19/help-harvest-nsw

It is sad to think that there is a labour shortage in this important area of agriculture, where so many people are looking for work.

Maybe people need to be more open to other forms of work, yes it involves physical work, heavy lifting and bending, but as a Country many people have had to pivot in what they may have done before. I have heard of Pilots who have been flying for 20 plus years, now doing cleaning.

For those in the Agricultural field that are looking for seasonal work, we cannot pick and choose what we want to do in this current climate, so hopefully they will find more people that will put their hand up and do this work.

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

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!!

ASIC is extremely wary of phoenixing on the rise

‘The onset of the COVID-19 pandemic has raised concerns within the corporate regulator that companies facing financial burdens may use the pandemic as a mask (or excuse) for engaging in phoenixing.

 As well as drawing on the policing assets of the ATO, ASIC says it is looking at cracking down on examples of illegal phoenixing that it finds’

What phoenixing means in layman terms is:
When a new company is created to continue the business of a company that has been deliberately liquidated to avoid paying debts, taxes, creditors, employee entitlements.

Because of COVID-19, the ATO are noticing an increase of many companies doing this and this will have a huge impact in Australia and will cost the country money.

If you know of a business that is doing this, the ATO need to be informed straight away so they can investigate further. You can always make an anonymous call to the ATO if you fear of any retribution.

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!!

 

Job Keeper 2 is now legislated

With all what is happening in Australia with COVID-19, the Government has reviewed and legislated the Job keeper 2 Package.

Find more information here: https://treasury.gov.au/coronavirus/jobkeeper/extension

If you are confused about the breakdowns or what this means to you for your business, then 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

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!!

Job Keeper Payment changes effective 3 August 2020

With all the recent changes, we now have confirmation of the following, this has been taken from the ATO Website.

“JobKeeper Payment changes

The government has introduced changes to the JobKeeper Payment, making it easier for you and your business clients to qualify. The new rules have now been registered and are effective from 3 August 2020.

The changes to these rules include:

  • employees’ eligibility for the JobKeeper Payment can now be assessed from 1 July 2020, rather than 1 March 2020
  • employees can now be nominated by new employers if their employment has changed since the JobKeeper Payment began. However, they can still only be nominated by one employer at any given time
  • employers have until 31 August 2020 to meet the wage condition for new eligible employees under the 1 July eligibility test for:
    • Fortnight 10 – commencing on 3 August, and
    • Fortnight 11 – commencing 17 August 2020.

Businesses can claim reimbursement for their new eligible employees between 1 and 14 September 2020, when they lodge their August monthly declaration.

Your eligible business and not-for-profit clients can still enrol at any time until the program closes”

So, what does this all mean?

In simple terms:

Originally you had to be a permanent employee or a long-term casual from the 1st March 2020, but the Government has changed it if you have been a permanent employee or long-term casual from 1st July 2020.

A couple of examples to give you that makes it simpler to understand.

  1. As long as the business you work did have a downturn in their business and was getting Job keeper since the start of the Health Crisis, if the business puts on an Employee in April 2020 for example, they can also apply and get Job keeper for that employee.
  2. If you have a long-term casual who celebrated 12 months or more working in your business in April 2020, you can now get Job Keeper for them.

If you are still confused and not sure about all these changes, 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!!