Category Bookkeeping Tips

From 1st January 2021, eligible businesses experiencing financial distress can access a new, simplified debt restructuring process that allows them to restructure their existing debts while remaining in control of their business. The reforms are intended to reduce the cost…

Why going digital is more important than ever! With the current focus across the Bookkeeping community on a change in tax record-keeping obligations to encompass all things digital plus the need to businesses to adapt to a new era in…

The Fair Work Ombudsman (FWO) has launched a new interactive tool to help employers get their businesses back up and running during coronavirus. The new tool guides employers to the information they need as they reopen, scale up and adapt…

The ATO has issued a comprehensive set of guides and factsheets to fully explain the JobMaker Scheme.Employers can claim JobMaker Hiring Credit payments to help with the cost of hiring additional employees. For more information ATO JobMaker User Guide:

Are gifts to your employees, clients, and suppliers claimable as a business expense? Gifts may be classified as “entertainment” and therefore not claimable or subject to Fringe Benefits Tax (FBT). For gifts such as wine, food, hampers, vouchers, etc., these…

Over the next couple of months, we have a number of public holidays coming up. So, how do you treat these in JobKeeper? Public holidays (extract from Fair Work Ombudsman) Public holiday pay needs to be included when calculating an…

Action required As we slowly look forward to a further lift in restrictions, businesses need to consider how they are going to implement a COVID Safe environment as part of the road to recovery. A COVID Safe Plan supports a…

Earlier in the year The Government announced a range of measures to help tenants and landlords affected by COVID-19 for the period during which the Commonwealth JobKeeper program remains operational. This included a temporary hold on evictions and a mandatory code of…