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Accom Bookkeeping

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24.01.2022 Worth a listen .. JobKeeper Payments Small Business A quick video message from the Australian Small Business and Family Enterprise Ombudsman Kate Carnell ...

23.01.2022 For all Victorian Businesses this is a worrying time, rest assured that your Bookkeeper and Accountant will continue to work during these stage 4 lockdowns. We will continue to support all our clients during this time, please feel free to reach out and contact us. Below is a snapshot of the closures announced by the Premier Dan Andrews with more information available on the DHHS Website and by clicking on the link below.... https://www.dhhs.vic.gov.au/coronavirus We are thinking of you !!

22.01.2022 JobKeeper Audits! As part of the JobKeeper management process, the ATO will be conducting compliance audits and reviews to find any discrepancies due to the rush for eligibility. It seems some businesses have taken it upon themselves to make "adjustments" to their circumstances to become eligible for "JK" payments.... Some example included below: Reported and increase in staff Deferring supplies resulting in a decline of GST turnover Bringing forward supplies to meet a decline in turnover for the following month or quarter. Restructuring of assets to a new company, just one example Monthly declarations of your current and projected GST turnover are due within fourteen days of the end of each relevant month!! Have all paperwork ready and within reach if the ATO come a knockin, so you can prove your position on how you calculated a decline in turnover test and how you came to your assessment of an expected future decline in turnover also. I cannot stress enough how important it is that JobKeeper compliance eligibility is calculated and reported correctly. Check with your trusted BookKeeper or Accountant to ensure compliance and eligibility for Jobkkeeper is calculated and reported correctly within Treasury guidelines

21.01.2022 The Queensland Government has announced the SECOND stage of The Queensland Economic Recovery : Unite and Recover Strategy. The Governments aim is to recover and focus on backing Queensland jobs targeting specifically the economic impact to the Tourism Industry and its effects on business operators and employees ,due to Covid 19 health restrictions. If you are a struggling Queensland Tourism business provider or operator you may want to check it out !!... Please click on the link below for all information relating to tourism economic recovery packages, Covid safe plans and public health directions. https://www.ditid.qld.gov.au/covid/tourism-industry-support

20.01.2022 What will your Business look like post-pandemic? The Tourism Industry has been dealt a heavy blow with many accommodation business owners feeling overwhelmed and worried when they will be able to re-open for business and what steps they will have to take to be ready when holiday makers return. For answers: Check out our new Blog post !!

19.01.2022 #Cash Flow I just wanted to share this little thing about cash flow and what it means to all businesses: It is the lifeblood of every business and every business owners life. The abundance of it allows freedom of choice.... The flow of it creates security. The stewardship of it develops certainty. The sharing of it creates goodwill. But the mismanagement of it can see the devastation. And the lack of it is soul-destroying. The thing is without cash, profits are meaningless.!! The reality is without having up to date accurate financial data and reliable processes in place business owners will not have complete visibility over the financial health of their businesses. In fact as a result they will not be able to make informed decisions to ensure future continuity of their businesses in any kind of times. It really is about having accurate financial information at your fingertips. We can support you and your business by systemising your financial operations with robust and reliable processes so you have real time information about the lifeblood of your business. #CASH FLOW......

18.01.2022 https://www.ato.gov.au//In-de/Specific-disasters/COVID-19/

18.01.2022 JOBKEEPER Payments Stressed Business Owners... Worried Employees...... Not sure where to start or what is involved? As part of the Morrison Governments $130 billion Jobkeeper payment to "keep people in jobs and businesses in business", the Treasury have just released as of the 5th of April, updated Jobkeeper information fact sheets to support businesses and employees navigate their way through the payment processes and obligations. Reminder: Jobkeeper is NOT legislation currently... Legislation will be debated & passed on this Wednesday the 8th of April 2020 by Government. Click on the link below for quick access to all fact sheets... https://treasury.gov.au/coronavirus/jobkeeper

11.01.2022 Great news as The PM announces the Jobkeeper wage subsidy to support Employers and Employees!!

11.01.2022 Time to show some kindness and compassion as businesses start to re-open, transition and recover. We all need to adapt to the new way of trading for now and show our support during these uncharted times. We are all in this together

10.01.2022 Its been a long road to get it right. Theres a lot to take in. JOBKEEPER implementation has begun. For all Employers:... Applications opened April 20th-May 4th 2020 confirming employee eligibility process opens. You must continue to pay at least $1500 to each eligible employee per Jobkeeper fortnight the first being 30th March -12th April. This means that the pay periods starts 30th March all eligible staff need to meet the minimum $1500 Gross payment per fortnight. You will have till 26th April to pay back your staff. If you dont meet eligibility at this time you can apply after this date. Please click on the application link : https://www.ato.gov.au//e/enrol-for-the-jobkeeper-payment/

09.01.2022 Qld Government Unite & Recover Queensland businesses: You will need to undertake and stay industry compliant with approved Covid safe plans, last updated 5 June 2020. The Queensland Chief Heath Officer, Dr Jeanette Young has given her seal of approval for specific industry health and safety best plans for businesses to be compliant when reopening, including social distancing requirements, floor space limits as well as venue people limits. For more information click on the li...nk below to see all industry compliant approved plans. https://www.covid19.qld.gov.au//approved-industry-covid-sa

09.01.2022 SELF-EMPLOYED !!! Am I eligible for the JobKeeper Payment? YES: If you meet the following criteria: Your estimated turnover has fallen by 30% or more comparable from the same time as last year.... You have had an ABN on or before 12th March 2020 You either have had an amount included in its assessable income for the 2018-2019 year and it was included in their income tax return lodged on or before 12th March 2020 (or such later time as allowed by the Commissioner) or Made a supply during the period 1July 2018 to 12 March 2020 and provided this information to the Commissioner on or before 12th March 2020 (or such later time as allowed by the Commissioner) Were actively engaged in Business Are not entitled to another JobKeeper payment (either a nominated business participant of another business or as an eligible employee) Were aged at least 16 years of age as at March 1 2020 Were an Australian citizen the holder of a permanent Visa or a special category (subclass 444) Visa holder at 1 March 2020

07.01.2022 Lest we Forget

05.01.2022 Governments Three Stage Plan to re-open Australia !! Scott Morrisons plan to get Australia back to where we need to be as quickly as possible Finally a glimmer of hope on how this will look like while they hope that in the coming months 850000 jobs could be restored.... It is now up to individual State Premiers to decide how they will proceed with easing restrictions within their own states.

03.01.2022 Just Heartbreaking!! More Jobs losses as the Accommodation Sector bears the brunt! https://www.accomnews.com.au//heartbreaking-job-losses-a/

03.01.2022 Love This Enjoy ! Thanks Sam Mac for the appreciation Shout Out....

02.01.2022 State by State steps to recovery and soon opening of borders with suggestions from Accom News accommodation businesses should perhaps target marketing for winter school holidays. Looks promising for accommodation business providers and tourism operators who may soon be able to turn the lights back on and be open for business, fingers crossed in a matter of weeks !!! Now is a time for action to be business ready with a continuity plan and a clear vision moving forward.... We can help you with this. Email tracey@accombookkeeping. click on the link below for the full article: https://www.accomnews.com.au//good-news-some-accom-provi/

02.01.2022 Protection. Transition. Recover. There is a sense of relief and optimism in the air as restrictions start to lift across all states with tourism business accommodation owners and operators having to adapt moving forward. The Australian Tourism Industry is predicting better times ahead with an increase in domestic travel, "a road trip resurgence" and a return of the great Aussie road trip !!... As an accommodation business owner myself I have had to contemplate: What changes will I need to implement post pandemic to my business model moving forward and ensuring guests feel safe to return. How will the new Guest Experience look like? How to introduce a compliant Covid19 cleaning checklist? How to promote and market your business effectively? In times of a crisis a Business Continuity plan ensures protection, function and recovery from any disruptions in a systematic manner, rather than on the fly. A Business Continuity plan prepares for risks that are beyond your control and enables your business to respond immediately and efficiently to reduce risks when an incident occurs. A recovery plan can be actioned after the event of a crisis to get your business up and running in a real time frame to minimise financial losses. I have spoken to many accommodation businesses during this economic crisis that do not have a business continuity plan and wish they had one to implement rather than sitting back seeing how everything will pan out. It has been an anxious and worrying time for all in the Australian Tourism industry. WE can work with you to develop a comprehensive and effective business continuity action plan so you can feel supported when an economic crisis, disaster or pandemic next strikes. Book a chat by clicking on the link below https://calendly.com/accombookkeeping

02.01.2022 A great opportunity for Queensland tourism business operators to recover and support jobs in an industry that has left many struggling to stay afloat during the current pandemic. The Queensland government has just announced the first stage of the States economic RESET. $50 million tourism recovery package available to fast-track tourism projects !!... The Queensland Economic Recovery Strategy: Unite and Recover for Queensland Jobs link below to read more on whats available.. https://www.ditid.qld.gov.au/tou/covid-19/recovery-packages

01.01.2022 The long waitt is over the JobKeeper Payment bill has been passed.. I have spent the day with bookkeeping colleagues in a webinar nutting out what this payment will mean for Business owners and employees. Eligible Businesses:... Sole Traders Trusts with only one beneficiary eligible Partnerships with only one partner eligible Businesses with a turnover less than $1bln who have experienced a 30% loss in turnover comparable to a year ago Registered Charities who have experienced a 15% decline in turnover Eligible Employees: Currently employed by an eligible employer on March 1 2020 and continue to be employed, even if they have been recently stood down. Who are employed full-time, part-time or as a casual who has been employed regularly and systematically for a period of 12 months as at March 1 2020. Aged over 16 years an older from March 1 2020. An Australian citizen, permanent visa holder or special category holder as at march 1 2020. Is a resident for Australian Income Tax purposes. Not in receipt of a JobKeeper payment from another employer. The Good News for you is: All you have to do at the moment is register your business with the ATO. To register click on the link below: https://www.ato.gov.au/general/gen/jobkeeper-payment/ Information on how businesses can apply will be available soon. Its been a big day for all us in the industry. Stay tuned....