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25.01.2022 Don't forget the Superannuation Guarantee Amnesty! With all the changes and bookkeeping updates due to Covid-19 it is easy to forget that the SG amnesty was passed in early March. But the ATO has indicated that this is a once only offer and that there will be no extension, regardless of current events. If you have unpaid super from prior to July 2018 the time to get it sorted is NOW. We can help you reconcile your super and work out what you owe.... Below is the Institute of Certified Bookkeepers' summary. SG (Superannuation Guarantee) Amnesty - 6 Months Only. In 2017 the SG gap was $2.3b or a deficit of 4% of the total expected. Government policy is that SG must be paid. Government are providing an incentive for employers to bring their SG obligations into line. As of 10 March 2020: Royal Assent granted 10 March. It is now law. Amnesty applies until 7 September 2020. 100% penalty thereafter. No discretion. We strongly recommend a full review of any late payments and that a form be lodged for any individual quarter that has a late payment It is first about lodging forms, it is then about paying. Late super payments will be deductible if paid before 7 September. Payment Plans can be for longer periods but any payments after 7 September are not deductible. There is a 6 month window in which to notify the ATO and pay outstanding SG. * The amnesty relates to SG that is outstanding for periods up to the March 2018 quarter. SG Amnesty during the COVID-19 Unlikely the SG Amnesty period will be extended This does not remove the benefits of having any applicable employers catch up their declarations of outstanding SG. If you lodge the SG Amnesty forms and enter a payment plan then No penalties and No admin fee ($20 per employee per quarter). If you don’t and get caught later then SG to be paid, at least 100% of the SG as a penalty and the admin fee. Payment plans may be able to be entered with a delayed start date ie after the COVID-19 period. The impact of COVID-19 and the amnesty is that many businesses will not be able to pay the SG without a deferred payment plan and therefore will lose tax deductibility.

25.01.2022 If anyone is struggling with paying bills at this time, and particularly with the cash gap created by JobKeeper talk to Rhianna at My Savvy Broker.

25.01.2022 Energy Cost Assistance to Business Information courtesy of the Institute of Certified Bookkeepers. Energy retailers will provide assistance to business... The Australian Energy Regulator (AER) has set reasonable expectations of energy companies to protect small business customers during the COVID-19 pandemic. This extends important protections for energy customers and encourages retailers and customers to stay in contact and to reach out if they need help. These Protections for small business during COVID-19 have been extended to 31st October 2020. Expectations for Energy Providers (extracted and adapted from The Australian Energy Regulator AER) All residential and small business customers who indicate they may be in financial stress, a payment plan or hardship arrangement will be offered. Advice is to stay on the plan as protection from disconnection, interest payments and late fees. Before 31st October 2020 (and potentially beyond), no disconnections other than at request, any residential or small business customer who may be in financial stress. This is extended to any large business customer who may be in financial stress who is on-selling energy to residential and small business customers. Defer referrals of a retailer’s customers to debt collection agencies for recovery actions, or credit default listing until at least 31st October 2020. Payment plans and flexibility to pay smaller amounts or over a longer period are being offered. Waive disconnection, reconnection and/or contract break fees for small businesses that have ceased operation, along with daily supply charges to retailers, during any period of disconnection until at least 31st October 2020. For more information go to The Australian Energy Regulator (AER)

24.01.2022 JobKeeeper Update: 1. Nothing changes until September. 2. You can be looking at your June quarter now to see if you meet the first eligibility requirement for continuing support after September. This is important for cash flow planning. 3. The rules around using cash/accruals reporting to determine eligibility change after September. 4. You still need to pay staff before receiving funds but there is leeway to allow you to determine eligibility.... If you are unsure ask for help! See more

23.01.2022 Does your office look like this? You might need Add Your Venture! (Actually if it really looks like that please don’t call us ).

21.01.2022 A reminder from the Institute of Certified Bookkeepers: please review your wages if you did not already do so for the new financial year. Make it your habit to review wages and relevant legislation every June. Get ready for a 1.75% increase to base pay rates. The Fair Work Commission (FWC) has announced a 1.75% increase to minimum wages following its 2020 Annual Wage Review. The new National Minimum Wage (NMW) will be $753.80 per week or $19.84 per hour. The increase applies ...to base pay rates from the first full pay period starting on or after 1st July 2020. This constitutes an increase of $13.00 per week to the weekly rate or 35 cents per hour to the hourly rate. Note: wages increases are staged so not all industries are affected immediately. Please check the award relating to your staff.

20.01.2022 Copied from a bookkeeper support page. The pain is real people! Help your bookkeeper help you: get your bank statements electronically and forward when received

19.01.2022 Special posted by one of my wonderful clients. Every one of my clients is absolutely lovely and I feel so blessed to work with you all. And by sharing I’m supporting local, small and myself too

19.01.2022 I hope this doesn’t come to pass. In turbulent times businesses need certainty. Add Your Venture will stay on top of the changes (as we have all along) and make sure your business is accessing all available help whilst doing the right thing in the eyes of the ATO. https://au.finance.yahoo.com//jobkeeper-jobseeker-prime-mi

19.01.2022 Something different. Instead of bookkeeping advice and updates a reminder to take care of yourself at this strange time https://www.chronicle.com//Why-You-Should-Ignore-Al/248366

19.01.2022 Friday funny (kinda!).

18.01.2022 Anyone have weeks like this? Maybe you need a good bookkeeper on your team!

18.01.2022 The best bookkeepers keep fresh by rejuvenating occasionally! Add Your Venture will be closed for the rest of the week as I spend time with my family, enjoying the school holidays and soaking up the moonlight. The office will be open again on Tuesday 6th October so please, no bookkeeping emergencies in the interim! Stay happy people

18.01.2022 Are you aware of the state based Covid grants that are available as of 1st July? You could be eligible for up to $10,000 towards helping your business survive and thrive during covid. Add Your Venture has already helped clients determine eligibility and compile evidence required for the grant application. More than just a bookkeeping agency, we help businesses thrive! Here’s the link: https://www.business.qld.gov.au//advice-su/grants/adaption

18.01.2022 And now for something different. Our trusted advisors over at My Savvy Broker just shared this opportunity:

17.01.2022 So glad to be able to help small businesses, and the wonderful people behind them, in these turbulent times. MY FIRST CLIENT JUST GOT $6K JOBKEEPER IN THEIR BANK ACOUNT I know it will make life better and easier for her and her employee. Gummy and I sending joy to you all!

16.01.2022 Because men’s health matters (& I talked him into it ). Add Your Venture is pleased to support this very worthy cause

14.01.2022 [ADVICE] Borrowed from another group. For those facing insolvency without a debt restructure this might help Interesting announcement coming tomorrow...... The [Australian Small Business and Family Enterprise Ombudsman](https://www.facebook.com/ASBFEO/?__cft__[0]=AZUVpWTlLeHgL5CbSkEHwj07lht2R4ut4N5kjHvu-RatKVFNOhirH-MiLRJKPpsarhaK8RAdCCpL_T5a-_ZrzqtPJIK1gI9Hrtow7Hnf_Kctvf3mxePl2YcaMGGja-rAeT1HDyXF_lTVrrrJj1yZqjAtK4UVNJYV1pfLvnNH8oP9JnpDRH4jxdr6jBoRTyE7GRRfe3_MV1_r1CgyJwKNPq1K&__tn__=kK-R) or [#ASBFEO](https://www.facebook.com/hashtag/asbfeo) will be announcing the small business voucher scheme tomorrow. The [Australian Small Business and Family Enterprise Ombudsman](https://www.facebook.com/ASBFEO/?__cft__[0]=AZUVpWTlLeHgL5CbSkEHwj07lht2R4ut4N5kjHvu-RatKVFNOhirH-MiLRJKPpsarhaK8RAdCCpL_T5a-_ZrzqtPJIK1gI9Hrtow7Hnf_Kctvf3mxePl2YcaMGGja-rAeT1HDyXF_lTVrrrJj1yZqjAtK4UVNJYV1pfLvnNH8oP9JnpDRH4jxdr6jBoRTyE7GRRfe3_MV1_r1CgyJwKNPq1K&__tn__=kK-R) Kate Carnell ... my office continues to recommend the establishment of a small business viability program, where small business owners facing financial stress can obtain a voucher valued up to $5,000 to access tailored advice on the state of their business. Look out for this in the media tomorrow, follow the small business ombudsman link below:- [https://www.asbfeo.gov.au//small-businesses-spared-unneces](https://www.asbfeo.gov.au//small-businesses-spared-unneces)

14.01.2022 Employers please be aware Fairwork has again updated the national employment standards. Please ensure you know your obligations. https://www.fairwork.gov.au//Fair-Work-Information-Stateme

14.01.2022 Getting my network on in a covid responsible way with The Business League. Highly recommend these guys to anyone trying to grow their business.

14.01.2022 Grant’s for small business. Could you be eligible? Check it out. https://www.cosboa.org.au/smallbusinessrelieffund

13.01.2022 Are you wanting to claim a tax deduction for super paid in this financial year? The ATO has started it must be received into the clearing house by 23rd June in order to be claimed as a tax deduction in this financial year. https://www.ato.gov.au//Want-to-claim-a-deduction-for-s//

13.01.2022 Super amnesty ends on 7th September. This is for any amounts owing from before 31st March 2018. If you have outstanding super owing act now! The ATO has been clear there will be no extension and there will be no leniency with super obligations moving forward. This is one of your most important compliance requirements. If you need help contact Sandy on 0422 567 886. https://www.ato.gov.au//Employers/SG-amnesty-ends-7-Sept/

12.01.2022 Self-employed? Here’s your part of the Covid stimulus. Click on the link to register your interest and contact Sandy on 0422567886 for more information. ... https://www.ato.gov.au/general/gen/JobKeeper-payment/

12.01.2022 Back watching JobKeeper webinars. Add Your Venture is here to support your venture.

11.01.2022 SNEAK PEEK: Writing this after a delicious fresh meal of crispy skinned barramundi, quinoa seasoned with home made stock, 1/2 avocado (are you picking up on the need for good fats in this meal?) and a fresh raw vegetable salsa with bush lemon, olive oil and SNP dressing. I give this detail because a client recently asked if I don’t cook much because I’d not heard of a celebrity chef. We all do gourmet in our own wonderful way The reason for all this fresh yummy goodness an...d healthy fats? Well it’s how I like to eat but I also needed recovery from what I really love doing. A weekend of hiking where there’s no people, no trails, no guarantee of reaching the destination (yep, unassailable cliff at the end of a long hike with 700m of vertical ascent over the last 3km), no designated campsites but a whole lot of fun, challenge and nature. Who recognises Wollumbin from behind in one if these shots? Sneak peek into the weekend of a mild mannered bookkeeper

11.01.2022 Doing your own bookkeeping be like... (Disclaimer: I have some clients who do a GREAT job of day to day stuff, making my part super easy ).

09.01.2022 Some sage words of advice from our friends over at ClearWay. I can highly(& personally) recommend Shannon for all your insurance needs. I’ve also referred clients to her, if she can’t save you money she tells you so but other clients she’s saved hundreds PER MONTH. And she’s a good human. One of the best

08.01.2022 Time for a mini adventure Add Your Venture will be closed until next Tuesday. Everyone have a wonderful week!

08.01.2022 Clients are already seeing their JobKeeper payments from May in their bank accounts. If you might be eligible we can help with assessing eligibility, claiming and reporting. Free your time for the adventure of growing your venture!

08.01.2022 This from the Bookkeepers Support Group. As always I will endeavour to answer all your questions as best I can but, if the PAYGW stumbles measures have taught us anything it’s that we don’t know much until the ink dries and even then we don’t know much! I do hope there’s help in there for all that need it

07.01.2022 So this just happened!

07.01.2022 Bookkeepers are super heroes!

06.01.2022 Come over for a cup of tea. This simple phrase has meant so many things in my life. A spontaneous walk in nature. An afternoon playing by the pool that ended in dinner and drinks. An unplanned working bee. A late night deep and meaningful for someone in need (be it me or my fellow beverage consumer). With one special friend it became an oft used euphemism for secret liaisons. Sometimes it simply meant a cup of tea with a friend. But in every case it meant connection. There ...was a generation not so long ago that lived through 2 world wars and the Spanish Flu (which killed more people than both wars put together). They knew about isolation and separation. And they truly understood the importance of a simple cup of tea with friends. In fact, perhaps they realised that when you put hot water, some little leaves, and maybe some milk together in just the right way it became something more. It became a kind of glue. The kind that holds communities together. If Covid-19 gives us nothing else I hope it reminds us of the importance of the humble cup of tea. So I hope you’ll forgive me waxing lyrical when there’s JobKeeper and a PAYGW stimulus and lots of very serious topics to discuss. I’m here for you if you need help with any of those too.

06.01.2022 Confused about home office expenses? You’re not the only one! The ATO has released this fact sheet to help and, as always, Add Your Venture recommends you speak to your qualified tax practitioner if you need clarification. https://www.icb.org.au//TaxTimeToolkit_SB_home-based-busin

04.01.2022 Friday funday: how bookkeepers bust out! https://m.youtube.com/watch?v=dTAAsCNK7RA#dialog

03.01.2022 Can you PIVOT? How adaptable can your business be in the current climate? Will you be ready to benefit from the recovery when it finally comes? Here’s a great example of one of my wonderful clients, a catering company who would otherwise have no income at the moment, doing a fantastic turn around. Delivering to your door delicious hand crafted meals prepared by a talented chef so you can eat out in!... It would be great if people could support these initiatives by ordering from them! #leanin https://snpgourmetdining.com.au/

03.01.2022 It’s been a tough year. What can you do today to reach out to someone? What can you do to fill your own cup? Share something wonderful that’s happened in your world recently and make us all smile

03.01.2022 Stay tuned people: more changes ahead! https://www.abc.net.au//government-eases-jobkeepe/12532540

02.01.2022 Some food for thought from a contract lawyer https://riselegal.com.au/subcontractor-agreements-dont-ma/

02.01.2022 JOBKEEPER. JobKeeper went live last week and the registration rate has been phenomenal. The rules have changed regularly within that time with deadlines for enrolment changing, the alternate tests being released and additional restrictions for certain age groups. Confused?... Don’t be! Add Your Venture is here to help. We’ve supported a number of small businesses to ensure their reporting is up to date, PAYGW stimulus has already been received and the JobKeeper enrolment and staff registration process is complete. If you need help contact Sandy on 0422567886.

01.01.2022 The rules for JobKeeper 2.0 are out. Still awaiting some finalisation around alternative rules. Here is the ATO factsheet that gives a nice summary of what’s going on. Ring Sandy on 0422567886 if you have any questions. https://www.ato.gov.au//Extension-of-the-JobKeeper-Payment

01.01.2022 Sunday stimulus silly. (*not my meme, credit in pic).