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.
Casestudy:
Jim was working really hard, didn’t have any money in the bank and didn’t know who owed him money.
If you think you might be a Jim – give us a call, so we can design you a simple system to ‘streamline’ your business.
Are you working on your books tonight?
After a full day doing what you are actually skilled at?
Does it feel like you are carrying the weight of the world on your shoulders as you try to wear all the small business hats?
Shout out to all the SME owners!
Has being your own boss turned out the way you thought?
What didn’t you expect when you decided to make the leap?
We speak to lots of small business owners and its rules, all the rules, that they didn’t see coming.
We’re not going to suggest we know all about construction, but we all know you need solid foundations when building anything, including gingerbread houses. And your cloud accounting system. When converting from desktop software to the cloud, its important to get setup properly – don’t rush, and employ experts –
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