Technology has changed massively in our lifetimes. We can now run a business from a mobile phone!
Trades businesses can ditch the carbon book and generate invoices from a phone or tablet while on site or from the carffice (car office).
Professional services businesses can appear bigger than they actually are and bring in experts to assist their clients as required, without having to be in the same room.
Float is a cashflow app for business owners who don’t like money surprises!
Why we love Float: Daily bank balance projection and ‘what if’ scenarios.
Ask us to arrange a demo.
No longer eligible for JobKeeper?
You might be eligible for apprentice & trainee subsidies.
Eligible employers can apply for a wage subsidy of 50 per cent of an eligible apprentice or trainee’s wages paid until 31 March 2021.
Shout out to all the tradies!
We have no idea how to fix a leaking toilet, build a pool, let alone build a whole house!
However, we do know bookkeeping.
Tradies who spend all day on the tools, shouldn’t have to spend all night or the weekend on the books.
Play in the sand by all means, but don’t bury your head in it.
Sand is important in building like record keeping is to accounting. It is necessary for a strong structure.
Do you need help to manage your team? We’d love to help you relax on the sand once you’ve pulled your head out.
JobKeeper v2 What you need to know (for now)
Nothing is law yet!
Its too early to worry about details – stay tuned!
The current program will run until the end of Sept.
If you are in, you remain in, you may also opt in if you become eligible.
What a croc!
TPARs – Taxable Payment Annual Report
If you are in building & construction services (and a handful of other areas) you need to tell the tax office about payments you’ve made to contractors for their services.
Another court decision has called into question how employees are classified.
To paraphase the decision: calling a worker a casual doesn’t make them a casual.
The same applies for contractors.
When you classify the nature of a worker you need to look at how they do their job.
Your workers are worthy of being paid the correct wages – that is the award wage or higher.
If you are paying your staff a salary you need to run BOOT (Better Off Overall Test) to make sure you aren’t taking advantage of ‘free overtime’.
Are you paying a worthy wage to your workers?
The Government is supporting small business to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of 50% of the apprentice’s or trainee’s wage paid during the 9 months from 1 January 2020 to 30 September 2020.
