Streamline Management News
* This is generic info to give you a few pointers and should never be relied on as specific accounting advice.
Contact your expert (not your mates at a BBQ or the guy trying to sell you something) to discuss your situation.
Businesses receiving JobSaver support will need to reconfirm eligibility fortnightly and payment should be received within a week. You can only confirm at the end of the period, if you need time to get your accounts up to date, you can submit more than one declaration at a time.
Businesses receiving support will need to reconfirm eligibility fortnightly and payment should be received within a week.
September payments will be processed without further info being required.
There are 3 possible testing options.
You are able to confirm all the fortnights you are eligible for – receiving a large payment in one fortnight will not stop you receiving payments for future fortnights if your turnover falls again. You do not need to reapply if you are ineligible for a fortnight.
More info on the sudden changes to the Service NSW JobSaver & Micro Business Grants is expected to be released on Monday.
We hope to learn if you can re-enter the scheme if trading declines after it gets better.
Will declarations delay payments? If fortnight ends on a Sunday and payment is expected on a Monday – will small businesses be waiting longer?
The 3rd Friday in September is reserved to honour tradies – are you taking an RDO to celebrate yourselves?
Or will a day off the tools give you a chance to catchup on the books? How frustrating!
Contact us if you’ve decided you’d rather be on the tools than stuck behind the desk.
Late on Friday Service NSW announced surprise changes to the JobSaver Program.
Businesses will need to retest fortnightly for payments to continue.
Bookkeepers and accountants think this will cause hardship and extra expense for small businesses.
Nicole was quoted by the Sydney Morning Herald in the article about red tape for small business
We have a new process for employee onboarding staff on Boss/Employee Exchange Day!
We are now using a program called Tanda for easy and paperless employee onboarding.
Sing out if you have any questions when it comes time to exchange wages for labour in your business.
JobSaver & Micro Business Grant fortnightly payments will go out today as scheduled.
Bookkeepers & accountants and their associations are pushing back on these new unrealistic hoops we being asked to jump through – without warning.
At this stage – do nothing.
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