Love them or hate them, Tradies almost certain started their career as an Apprentice. It may be challenging to employ a young person and teach them your trade, but there are some advantages to hiring apprentices in your workforce. In March 2019 there was 276,250 workers in training making up 2.2% of the workforce. In […]
We’ve put together a few quick and easy to follow video guides on how to correctly record your stimulus payments in QBO How to record JobKeeper payments Step 1 – Create a new account for JobKeeper income https://www.loom.com/share/d094d5d180a8409eb847a1f2f5a18091 Step 2 – Reconcile payment from ATO to the JobKeeper income account https://www.loom.com/share/70049d1690e44d4f93f1ccb2e64016ec How to record Cash […]
We’ve put together a few quick and easy to follow video guides in how to correctly record your stimulus payments in Xero How to record JobKeeper payments Step 1 – Create a new account for JobKeeper income https://www.loom.com/share/7dd605b361de40f39868871397e27c63 Step 2 – Reconcile payment from ATO to the JobKeeper income account https://www.loom.com/share/7ccb72be07274d9398f1cb881228c25a How to record […]
This evening, enjoying a glass of red wine from my favourite winery, something came across my screen that would sour my evening. It wasn’t Josh Frydenberg’s face… no no. It was what was written below. This is a bit different to my normal articles – but tries to express the frustrations of the industry. In […]
Today was the first day for eligible employers to begin enrolling into the Jobkeeper Scheme. To do so, an employer has already had to: Determine that they are eligible under the GST Turnover reduction test. Interpret various pieces of legislation and guides to ensure correct calculation or forecasting Identified, contacted, and obtained copies of the […]
Over the last few days, we’ve been busy researching all the new information that has been released, and what that means for tax professionals and their clients. We’re still receiving updates and clarification from the ATO as late as Friday night on the intricate details on how the Jobkeeper Scheme will apply from Monday. I […]
Working with small business owners, and being a small business owner myself, there is a common theme that we tend to sweep under the carpet – but it is something that we should all talk about. We should be talking about it with each other a lot, because we may be able to help each […]
Cashflow is one of the biggest issues facing small business. We all complain about it and get upset at the client who has not made payment, particularly if you have gone out of your way to do a great job for them. In my business cashflow management is a huge issue as we have a […]
When my son Joel recommended a movie called the Laundromat over the holidays, I didn’t immediately find it on Netflix and watch it. I couldn’t quite see why a movie about a Laundry would be of interest to me. I do not profess to being a keen housewife, and I certainly don’t iron undies! When […]