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Will Interest rate increases affect Businesses?

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No matter who you talk too in Australia, we all know that interest rates for homeowners has increased at .25% for most homeowners with a variable mortgage loan.

Do interest rates affect businesses too?

The answer is YES.

When it comes to customers who pay interest on personal loans, home loans and car loans, the higher the interest rate, the less money in a customer’s pocket.

This can reduce their ability to buy products and services, so businesses may see a decrease in sales.

With relation to the cost of borrowing, interest rates rise, banks charge more for business loans. This means you will need to use more of your earnings to pay interest on your loans, which then decreases profit.

This can stop many business owners from starting new projects or expansion during periods of high interest rates, which then impacts the growth of the business.

When interest rates are low, businesses are confident and they can borrow more readily. When they increase, then the confidence lowers and could have a negative effect on the business.

Everything depends on the economic environment.

Businesses who invest their excess cash in interest – bearing accounts will make more money during periods of high interest rates, when rates are low, business are more likely to use their cash for new equipment and plant improvements.

As we know, there will be further interest rate increases happening during the year and will be interesting what impact this will have on businesses.

If you would like to discuss further, please don’t hesitate to contact me 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

Have you outsourced your bookkeeping in the past?

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Have you ever outsourced your bookkeeping but decided to do it yourself?

Was the reason that you felt you lost that control?

We have recently completed a survey and asked business owners the main reason why they won’t outsource their bookkeeping.

The majority of people answered that they felt like they would lose control of what was happening within the business.

Isn’t it strange, as a business owner, we like to control every facet of our business, from working on the product or service, to delivery, to pricing, to writing content, to social media, we like to stay and control and do it all?

Well, sometimes you just can’t do everything as a business owner.

It just isn’t possible.

You don’t have the time.

Which means an area of your business, which is probably the most important aspect, either doesn’t get done, or it gets done, but in a hurry and errors are made.

Have you thought that Maree your bookkeeper could do this for you, in half the time and she will keep you informed of what she is doing, so you still feel like you have that control?

Does that sound pretty good to you?

Then give Maree a call today 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

Removing the $450 per month threshold for super guarantee eligibility

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This information has been taken from the ATO website.

https://www.ato.gov.au/General/New-legislation/In-detail/Super/Removing-the-$450-per-month-threshold-for-superannuation-guarantee-eligibility/

‘On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it will remove the $450 per month threshold to expand coverage of super guarantee to eligible employees regardless of their monthly pay.

The change is now law by the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Act 2021External Link with royal assent on 22 February 2022.

From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid. Employees must still satisfy other super guarantee eligibility requirements.

We will work with digital service providers to assist them in updating their payroll and accounting software to be ready for this change.

Employers will need to check their payroll and accounting systems have been updated for super payments made after 1 July 2022 to ensure they correctly calculate their employee’s super guarantee entitlement.

We will update our advice and guidance, including online tools and calculators on 1 July 2022 to account for this change.’

In other words, From 1 July 2022, the $450 per month threshold for super guarantee eligibility will be removed.

If you would like any further information, please contact Maree 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

Removing the $450 per month threshold for super guarantee eligibility

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It was announced on 11th May 2021, part of the 2021-22 Federal Budget that the Australian Government announced it would remove the $450 per month threshold to expand coverage of super guarantee to eligible employees, regardless of their monthly pay.

‘The change is now law by the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Act 2021External Link with royal assent on 22 February 2022.

From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid.

Employees must still satisfy other super guarantee eligibility requirements’

Did you know employers will need to check their payroll and accounting systems have been updated for super payments made after 1 July 2022 to ensure they correctly calculate their employee’s super guarantee entitlement.

I am sure many employers have not been updated, if you need help in this area, 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

 

When using your business money and assets for private purposes.

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Businesses are required to keep accurate records of such transactions, if they are using business money and assets for private purposes.

There could also be tax consequences too.

You may have to report these transactions in the company or trust’s tax returns and also your individual tax return. It is always important to keep accurate records of transactions.

You may have to:

  1. Report these transactions in the company or trust’s tax returns and your individual tax return
  2. Account for these amounts in a certain way to minimise unexpected tax consequences

Now the next question is, who needs to know? All must be recorded and reported for tax purposes.

If you are an individual who
1. Is a director/shareholder that operates a small business (your business)

  1. Is a trustee or beneficiary of a trust, that operates a small business (your business)
  2. Is a director of a corporate trustee for a trust that operates a small business (your business)
  3. Is or has been an associate of the shareholder (individual or entity). An associate can include a relative, partner, spouse, or another entity controlled by a shareholder

For more information in relation to using your business money and assets for private purposes, click on this link below.

Using your business money and assets for private purposes | Australian Taxation Office (ato.gov.au)

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

Wages theft, are you underpaying your employees?

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Wage theft refers to when an employer fails to pay the minimum monetary amounts due to an employee. Underpayment of wages is when an employer fails to pay the minimum monetary amounts, including allowances, prescribed under an award, agreement, employment contract or the National Employment Standards.

While Woolworths is back in the spotlight again, small business cannot ignore their responsibilities in ensuring staff are paid correctly.

Employees are encouraged to keep detailed records of their rosters / shifts and diary entries in relation to their employment. Fair Work may start an investigation or take other steps when they become aware of an underpayment arising from non-compliance with Australian workplace laws, even if the affected employees have been back paid.

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

Free Health check

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Did you know I provide Free Health Checks, but not for your health, but for your business?

Maree’s Mobile Bookkeeping is offering a FREE health check of your software file (valued at $497) with comments and recommendations for your file moving forward.

Contact Maree today – conditions 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

The NSW Government has announced the 2022 Small Business Support Program

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This Small business support program is helping businesses survive the impacts of the Omicron COVID-19 strain.

If your business falls under these requirements, you may be eligible to apply for a payment under this program.

1. You have a business or not-for-profit organisation with a turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 or the year ended 30 June 2020; and

2. You are experiencing a decline in turnover of 40% or more due to public health orders or the impacts of Omicron during the month of January 2022, compared to January 2021 or January 2020; and

3. You are experiencing a decline in turnover of 40% or more due to the impacts of Omicron from 1 to 14 February 2022, compared to the same fortnight in February in the comparison year used above; and

4. You maintain your employee headcount as of 30 January 2022.

Those eligible businesses and not-for-profit organisations will receive 20% of weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week up to a maximum payment of $5,000 per week.

Eligible non-employing businesses will receive $500 per week, paid as a lump sum of $2,000.

The 2022 Small Business Support Program is for the month of February only.

Applications are expected to open from mid-February, so be quick to apply so you don’t miss out. If you need assistance in applying, let me know.
For more information and eligibility criteria, see the program guidelines.

Most of this information has been taken from this link https://www.service.nsw.gov.au/transaction/2022-small-business-support-program
Remember applications open Monday 14th February and closes Monday 28th February, so you don’t have much time to apply.

If you need assistance, 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

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

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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

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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

Did you know the ATO can cancel your ABN?

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If you are a business owner and you have an Active ABN and are behind in your Tax and / or BAS lodgements, call Maree and let her help you catch up, otherwise the ATO will think you are inactive and cancel your ABN.

…and believe me, the ATO does cancel ABN’s.

Do you really want that to happen to you, because you have got behind in your Tax and or BAS lodgements?

Did you know the ATO are currently undertaking a program reviewing all Australian Business Numbers (ABNs) to identify those that are potentially inactive and in need of cancellation?
The ATO may select an ABN for review and potential cancellation if:
• that ABN has not reported business activity in a tax return;
• there are no signs of business activity in other lodgements such as activity statements; or
• there are no signs of business activity from other third-party information which the ATO has access to.

Call me 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

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

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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?

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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

Bookkeeping in 2022!

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How will Bookkeeping look in 2022?

Over the last 2 years since COVID hit, as a Bookkeeper nothing stays the same, Bookkeeping changes weekly and monthly and that’s my job is to keep abreast of the changes.

Bookkeeping in 2022, will probably look no different.

As a Bookkeeper we are always educating on the numerous changes the Government is outlining, to policies and procedures.

Never a day goes by that Bookkeeping doesn’t change.

What doesn’t change is how I help each and everyone of my clients each day. I treat their business as if it’s my own.

If you don’t want the stress of having to keep on top of all the different changes when it comes to Bookkeeping, then outsource to me. Let me help you. Contact me anytime so I can help you in 2022 and beyond.

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

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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

Don’t let the festive season be the reason your bookkeeping is not in order

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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

Did you know that I niche in the Franchising industry when it comes to Bookkeeping?

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Not every Bookkeeper looks after businesses that are part of a Franchise. But I do, I have looked after many Franchise businesses, especially those in hospitality franchises ie Muffin Break, Café 2U.

Do you have a dedicated Bookkeeper who just looks after Franchisees?

I bet you don’t.

Many franchisees have the flexibility to outsource to a bookkeeper, without having to use one that the Franchiser recommends or uses, which is great for me, because I do have many franchise owners who approach me to assist them with their bookkeeping.

Did you know that my fixed-fee bookkeeping packages, start from $59.00 per week?

This covers bookkeeping, payroll, financial reporting, budgeting, accounts payable & receivable, tax returns and BAS & GST returns.

If you would like to have a chat about how I can help you if you own a Franchise, 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

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

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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?

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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?

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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

Are you ready for 2022?

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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

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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

Have you completed your TAX return or are you putting it off in the too hard basket?

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Are you like many people out there thinking, oh I can leave it to next year to do my Tax Return, but you keep putting it off? I hear this all the time. I realise time is precious and it certainly is with the way the world has been in the last 18 months, but you should never put off doing your Tax Return.

You may have employees?

You may be behind in your BAS?

You may be behind in general with all your paperwork.

That’s where Maree can come in, she can pick up where you are, finish everything and do assist with your Tax to submit.

Doesn’t that sound pretty good?

If this is you, then give Maree a call 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

A successful bookkeeper = a successful business owner

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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

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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

How certain are you that your business will continue with these constant lockdowns?

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From what I am hearing from business owners, many are very fearful that their business may not survive all these lockdowns.

Do you think any business is lockdown proof?

Personally, my business as a virtual bookkeeper has expanded and I’m way more busier than ever, looking after new and existing clients, answering questions, helping them with their BAS and sometimes just being a counsellor and listening to their problems. These lockdowns are affecting all different kinds of businesses, not just your cafes and restaurants and retail, but those that depend on stock from delivery interstate, those that have staff on the other side of the border that can’t get through and the pain of these lockdowns is trickling through and affecting other businesses.

It’s a surreal situation for all business owners and when we look back at this, we will look out how we survived, did we pivot, did we just dig deeper, did we actually notice the pandemic, some businesses it hasn’t had any impact, some are obtaining more business and taking it while the iron’s hot as they say.

What about you and your business? Will it continue with these constant lockdowns?

If you need a bookkeeper and need help, you know I am here to help you through it all.

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

Constant lockdowns, need to source a virtual bookkeeper?

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What I’ve heard from business owners of late, is that they are working from home because of the constant lockdowns. Looking after kids, homeschooling and unfortunately the bookkeeping is the last thing they worry about and it’s been put on the backburner.

But….this is where I come in.

I’ve been working as a virtual bookkeeper for over 20 years, with many clients who reside from Perth to Darwin and everywhere in between, so I’m used to working for clients no matter where they live in Australia.

But not doing your bookkeeping is the worst thing you can do, this is when your business will fall into pieces and that’s the last thing you need on top of looking after children, home schooling and lockdowns.

Working as a Virtual Bookkeeper for all these years has given many business owners the opportunity to expand their businesses and don’t think that because of lockdowns that businesses are not expanding.

Some businesses that I work for have been so busy that they have had to put extra staff on, more than they expected because of lockdowns, COVID and their profits have increased.
Don’t let your bookkeeping fall behind because of constant lockdowns.

Please give me a call on 0429 363 047 and let me 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

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

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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

Should you engage a bookkeeper onsite or go virtual?

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Although most business owners can’t afford an inhouse bookkeeper and with COVID, shutdowns, it doesn’t make economic sense to have someone working in your office.
Even if you have a budget or not for a bookkeeper, the cost outweighs considerable using a bookkeeper virtually.

It is way cheaper, more convenient and your business can still operate having a virtual bookkeeper.

I have worked for over 20 years plus with 300 businesses owners or more in that time, as a Virtual Bookkeeper.

From looking after wages, BAS, profit and loss, STP, payroll, and everything in between. All the business owners have said, why did I ever think of having an onsite bookkeeper for all those years, when you Maree has worked out cheaper, more efficient and now with COVID and shutdowns, working virtually has been a dream.
I am there working virtually for your business.

No restrictions, no masks required. I am just a phone call or email away.

If you are considering utilizing a Bookkeeper virtually, then 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

Is COVID and shutdowns affecting your business?

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With the many businesses that I do bookkeeping for, some have been affected, but the majority haven’t, during COVID and the many shutdowns.
I think because many business owners have had to either pivot or look at different ways to operate their business, either by having staff work from home, or look at different options in the way they operate their business.

I am not taking it away that many hundreds of businesses have closed completely due to the lockdowns in Australia. But it does show the resilience we have in Australia and as Australians, that even a virus or shutdowns, won’t stop us from managing and operating our businesses.

I would be interested to hear your thoughts; how have you managed your business during all the lockdowns in Australia.
If you need any bookkeeping assistance, don’t 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