Bulimba Business Development and Bookkeeping in Brisbane, Queensland, Australia | Business consultant

Bulimba Business Development and Bookkeeping

Locality: Brisbane, Queensland, Australia

Phone: +61 408 889 538

Address: 2/43 Love St 4171 Brisbane, QLD, Australia

Website: http://www.bbdb4171.com.au

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• Business consultant

25.01.2022 Coronavirus and workplace laws Theres probably not a business in Australia that hasnt been impacted in some way. The Fair Work Ombudsman you understand your rights and responsibilities during the outbreak and along the road to recovery. They have a dedicated coronavirus website which is a good place to start. Need help? Call us at BBDB and we can help as well.... https://coronavirus.fairwork.gov.au/

25.01.2022 Important information about accruing paid sick and carer's leave On 13 August 2020, the High Court of Australia handed down a decision clarifying how paid personal/carer's leave is accrued and taken under the National Employment Standards (NES). https://www.fairwork.gov.au//important-information-about-a

24.01.2022 Superannuation obligations all paid up? The Australian Tax Office is reminding businesses that the super guarantee amnesty is a one-off opportunity to correct past unpaid super guarantee amounts and avoid significant penalties. The six month amnesty for employers will end on Monday 7 September 2020. See link below for further info. https://www.ato.gov.au//Super-for-employers/Superannuati/

24.01.2022 Training boost for small construction businesses Small businesses in the building and construction industry are being offered targeted online training to upskill and strengthen their business prospects. Construction Skills Queensland (CSQ) is partnering with specialist training agencies to boost the professionalism, knowledge and business management skills of sole traders and small businesses across Queensland.... Participants in the program can improve their skills and knowledge in estimating, tendering and quoting; market/business development; finance/budget skills and navigating legislative requirements. To find out more visit Housing Industry Association, Total Management and Training, and Master Builders Queensland

24.01.2022 Do you shutdown for Christmas? If you do ensure you are allowed to force your staff to take leave and ensure you give them the correct amount of notice. See the link below from Fair Work about preparing for your shutdown. Some awards will require 2 months notice.... Time to start thinking it through. Need help? Give us a call and we can sort through your award for you. https://www.fairwork.gov.au//shutting-down-over-christmas-

24.01.2022 Businesses have been told to make contact with their banks Hardship team to request these loan deferrals. Link below will give you the numbers. https://www.ausbanking.org.au/for/hardship-contact-details/

23.01.2022 QLeave Return Worker Service Returns due 31 July 2020 A Worker Service Return, for all eligible workers you engaged from 1 July 2019 to 30 June 2020, must be lodged with QLeave by 31 July 2020. Workers Service Returns are online and available now.

23.01.2022 Thsi is a great free webinar and is pitched to you blokes out there. Register through the link to attend and please share with anyone that you think needs some support. @thisisaconversationstarter

23.01.2022 Small employees with Apprentices- a great incentive for you to keep your team together and employed.

22.01.2022 A great fact sheet to help small business owners working from home understand what expenses they can claim. This area is always a little confusing.

22.01.2022 Pay Rises Next lot of wage increases effective 1/11/20 Another lot of min wage increases has taken effect. Follow the link below to find GROUP 2 . This includes construction, manufacturing, electrical awards etc.... https://www.fairwork.gov.au//the-commission-has-announced- Need help finding out if you are paying the correct rates of pay? Get in touch.

22.01.2022 Public Holiday Substitution - Did you know? An employer and an employee can now agree to substitute the day off from work due to a proclaimed public holiday or part-days for another day or part-day. An employer must not exert undue influence or pressure on an employee in relation to agreeing to substitute a public holiday for another day or part-day... Read more at the link below: https://www.icb.org.au//changes-to-public-holiday-r/a/8103

21.01.2022 New Years Resolutions Are you coming to the end of another financial year to find you have not kept those records as you should have?... Maybe make the commitment to yourself (and your bookkeeper) that you will start keeping your records from 1/7. Take a look at the link below from ATO about what records to keep, how long to keep them for etc. In the long run tidy and timely record keeping saves costs. If you need help getting organised give us a call. https://www.ato.gov.au//Income-tax-return-records---busin/

20.01.2022 Record Keeping Yep that broken record! Us bookkeepers LOVE tidy records but so does the ATO. This is why we chase you up for your receipts and bills we are much more friendly to deal with ... Take a look at attached from the ATO. There are plenty of apps for collecting receipts before they go missing in the footwell of your ute. They will integrate with your accounting software. Xero is soon adding Hubdoc to their suite of products on offer and free for most subscription types. If your receipts and record keeping is a mess get in touch! https://www.ato.gov.au//Be-a-record-breaking-record-keep/

18.01.2022 Tax Cuts We have started seeing the tax cuts come through this week for some of our clients and their employees. Keep your eye out if you are auto paying your staff members. The increase could happen over one or 2 pay periods then should steady out for you to be able to set up your recurring payments again if that’s how you do your payments.... See details outlined in the media release (see link) https://www.pm.gov.au//tax-relief-back-hard-working-austra

17.01.2022 Super Compliance 2020 Single Touch Payroll reporting means that the ATO is now able to see: Which employers are not reporting... Which employers are not accruing Super, or not accruing correctly Which employers are not paying Super (the super funds report all payments received) The ATO as regulator of Superannuation Guarantee now has the means to be proactive in chasing employer compliance. Government has a priority the adherence to Superannuation requirements. We might get an amnesty period for getting Super Guarantee up to date. The ATO discretion to reduce penalties will be diminished thereafter. An employer must lodge the SGC forms if super is late or missing. Late payment does not stop the penalties accruing. The paperwork must be done. The proposed Superannuation Guarantee Amnesty is not yet law! The Bill is currently being considered by Parliament for the second time. It is before the Senate and likely to be considered in February 2020 (politics dependant waiting for outcome). The ATO says not to wait for the Amnesty law We understand some employers may be holding off lodging an SGC statement in anticipation of the amnesty, Mr. OHalloran (ATO Deputy Commissioner Employer Obligations) said. We advise them not to do this as the law requires them to lodge the SGC; if they hold off and theyre notified were examining their affairs, they wont be eligible for the amnesty; and if they lodge now and the law is passed, in its current form it is retrospective. Meaning that if employers lodge SGC forms as they are required to and: The amnesty becomes law, then the ATO will go back and remove the penalties; or If the amnesty doesnt become law, then the penalties will be applied anyway, and the ATO will be applying all compliance elements of the law.

17.01.2022 Instant asset write-off for eligible businesses Under instant asset write-off eligible businesses can: - immediately write off the cost of each asset that costs less than the threshold - claim a tax deduction for the business portion of the purchase cost in the year the asset is first used or installed ready for use.... Instant asset write-off can be used for both new and second-hand assets. Some exclusions and limits apply. The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your businesss eligibility and apply the correct threshold amount. For further information visit https://www.ato.gov.au//Simpler-d/Instant-asset-write-off/

16.01.2022 Instant asset write-off and the car limit If your business is eligible to claim the instant asset write-off, you need to consider the car limit. The car limit is the maximum depreciation expense you can claim for a car. Read more here... https://www.ato.gov.au//Instant-asset-write-off-and-the-/

16.01.2022 Important Changes to Workcover Please read the link below. Any injuries or payments you make for medical treatment must now be reported even if you are not making a claim against your Workcover.... Dont get caught out. Please ensure all your workers know any injury report it. https://www.vision6.com.au/v/42465/7492304/email.html

15.01.2022 Change in Minimum Wages and changes in pay rates The Fair Work Commission has announced an increase in the minimum wages and as such the pay rates for a number of awards will change. This year those changes are staggered over 3 different dates depending on what award you pay under. Take a look at the link below. It will then guide you to the various effective dates for various awards.... Ensure you update your pay rates before the effective dates to avoid backpays and complaints. Need help? Contact us and we can guide you through this. https://www.fairwork.gov.au//the-commission-has-announced-

15.01.2022 Take Advantage of Small Business Concessions Weve got some great info coming through from the ATO as we get closer to EOY.... Want to reduce your tax bill? Make the most of tax concessions before 30th June. See link below. https://www.ato.gov.au//Take-advantage-of-small-business/

12.01.2022 Disaster Recovery The State Government has a number of disaster recovery and relief programs open to individuals and small businesses. If you or someone you know has been affected by the recent disasters across our State head to the website below to take a look.... https://www.qra.qld.gov.au//funding-individuals-not-profit

11.01.2022 Hiring Staff over Christmas? Fair Work have put together a nice little package for hiring staff (at Christmas or anytime). Take a look at the link below.... If you need help with hiring new staff, finding correct pay information etc get in touch with us. https://www.fairwork.gov.au/small-business/hiring-employees

11.01.2022 Its getting closer! Christmas its not far now and make sure you are on top of your employees entitlements over the Christmas and New Year break. See link from Fair Work... https://www.fairwork.gov.au//entitlements-over-the-christm

10.01.2022 Coronavirus FairWork Ombudsman Update Some important info in the link below regarding Job Keeper , pandemic leave and annual leave changes to awards https://www.fairwork.gov.au//important-coronavirus-updates

10.01.2022 Getting Ready to Renew your WorkCover Workcover QLD are tightening security this year so all users do need to register for Workcover online. Many businesses would have received an email yesterday with logon details.... Make sure you are declaring your wages correctly. Follow the link below to determine who you will need to declare wages for and who you need to ensure you are covering for the coming year. https://www.worksafe.qld.gov.au//declaring-/who-do-i-cover Need help with Workcover Renewals or any of your EOY processing? Get in touch.

09.01.2022 Extension of the JobKeeper Payment The JobKeeper Payment has been extended and is available for eligible businesses from 28 September 2020 until 28 March 2021. The key changes include:... changes to JobKeeper payment rates for employees based on the total hours each employee worked during their reference period there will be a tier 1 and a tier 2 JobKeeper payment rate for eligible employees a requirement for the business to demonstrate a decline in actual GST turnover with a comparable period. Follow the link below to get the core information https://www.ato.gov.au//Extension-of-the-JobKeeper-Payment/

09.01.2022 Thinking About Changing your Business Structure? If you are looking to grow your business, you may need to think about changing your business structure. There are four main business structures: Sole trader... Partnership Company Trust. Each structure has different reporting requirements, so its important that you understand the obligations for your business type. In particular, if you change from a sole trader to a company or trust, your business becomes a separate legal entity from you. Make sure you: report income for the correct entity, especially in the year that the structure changes account for private use of business assets, such as the company car keep private expenses separate to business expenses maintain separate business and personal bank accounts. You must keep records of any decisions you make that affect your tax or super affairs, including if you change business structures. For more info take a look at the link from the Small Business Newsroom or get in touch! https://www.ato.gov.au//Thinking-about-changing-business/

09.01.2022 Extension of Job Keeper Get all the detail and dates on job keeper extension using the link below. https://treasury.gov.au//Fact_sheet-JobKeeper_Payment_exte

09.01.2022 Covid Safe Businesses Get the latest on Stage 3 easing of restrictions. https://www.covid19.qld.gov.au/gover/covid-safe-businesses

09.01.2022 Paid a tradie or other contractor to help you? If youve paid a tradie or other contractor for building and construction services in the last year, you might need to lodge a Taxable Payments Annual Report (TPAR) by 28 August, if: - you earn 50% or more of your business income or 50% or more of your business activity is from building and construction - including carpentry, engineering, painting, plumbing and architecture... - you pay contractors for building and construction services. See link below for more info and dont forget if you need help get in touch! https://www.ato.gov.au//Paid-a-tradie-or-other-contracto/

07.01.2022 Has your business made a loss this year? Its certainly been a tough year for many businesses. If you have made a loss this year the ATO link below might be of interest. https://www.ato.gov.au//Has-your-business-made-a-tax-los/

07.01.2022 Accessing your ATO Business Portal If you want to be able to see you BAS activity or your end of year tax info you will need to register to use your business portal. For this you will need to get your MyGovID. This can be confusing to navigate so see the link below for further step by step info.... https://www.ato.gov.au//How-to-set-up-myGovID-for-the-Bu/

07.01.2022 2020 Small Business Expos announced! Small Business Expos are returning this year at multiple locations across south east Queensland. These one-day, business-to-business marketplace events provide a great opportunity for small business owners to showcase their products and services. With live entertainment and speaker presentations, the expos also provide great avenues for networking and connecting with other small business operators. The event series has generated more than ...$5 million in new business revenue from sponsors and exhibitors over the years. Register for a stall or come and enjoy the fun at the following locations: Brisbane Thursday 26 March Redlands Coast Thursday 16 April Moreton Bay Region Thursday 9 July Visit the website for more information and the soon-to-be-announced dates for the Brisbane West, Gold Coast and Toowoomba expos.

05.01.2022 Job Keeper - CHANGES There has been another update to job keeper and new criteria for employees is on the ATO website . Check these important changes by following the link . https://www.ato.gov.au//employers/your-eligible-employees/

05.01.2022 Have you received a government payment or grant? If your business has received a grant or payment from the Australian Government or a state or territory government, you may need to include it in your tax return. Some grants and payments are assessable income and so need to be included in your tax return.... Grants and payments that are assessable income include: JobKeeper payments, fuel tax credits or product stewardship for oil benefit wine equalisation tax producer rebate grants, such as an amount you receive under the Australian Apprenticeships Incentives Program subsidies for carrying on a business. There are some government grants and payments that you do not need to pay tax on. One example of this is the cash flow boost. How and where you report assessable grants and payments in your tax return will depend on your business structure. Remember, registered tax agents and BAS agents can help you with your tax and can help you if you are uncertain about the tax treatment of government grants or payments you have received. https://www.ato.gov.au//Have-you-received-a-government-p/

04.01.2022 International Womens Day (March 8) is a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating womens equality. International Womens Day (IWD) has occurred for well over a century, with the first IWD gathering in 1911 supported by over a million people. Today, IWD belongs to all groups collectively everywhere. IWD is not country, group or organization specific. International Womens Da...y is powered by the collective efforts of all. Collective action and shared ownership for driving gender parity is what makes International Womens Day successful. Gloria Steinem, world-renowned feminist, journalist and activist once explained "The story of womens struggle for equality belongs to no single feminist nor to any one organization but to the collective efforts of all who care about human rights." So make International Womens Day your day and do what you can to truly make a positive difference for women. Please visit https://www.internationalwomensday.com/ for more detailed information

04.01.2022 Super Amnesty Have you been keeping your super obligations as an employer up to date? https://www.mhprivate.com.au//lets-talk-about-super-guaran

04.01.2022 Fuel your knowledge on car fringe benefits Did you know that if your employees use a business car for private use, you may be providing a car fringe benefit? https://www.ato.gov.au//Fuel-your-knowledge-on-car-fring/

03.01.2022 Car Expenses If you use your own car in performing your work-related duties (including a car you lease or hire), you may be able to claim a deduction for car expenses. For those of you using the cents/km method the rates have increased.... The new single rate of use from 1 July 2020 is $0.72/km (up from 68 cents) Need to know more? Follow the ATO link below and if you still need help get in touch! https://www.ato.gov.au//vehicle-and-travel-e/car-expenses/

03.01.2022 Important information about accruing paid sick and carers leave On 13 August 2020, the High Court of Australia handed down a decision clarifying how paid personal/carers leave is accrued and taken under the National Employment Standards (NES). https://www.fairwork.gov.au//important-information-about-a

02.01.2022 Fair Work Statement Did you know ALL new employees must receive a copy of the Fair Work Information Statement. There is a new version. If you already issue this statement please deleted your old copies and replace. If you are not issuing these you need to be. Not sure of your obligations when employing new staff? Get in touch.... https://www.fairwork.gov.au//fair-work-information-stateme

02.01.2022 QLeave Work Services Returns Now Overdue If you employ in the cleaning or construction industries you are required to do an annual workers return. Avoid penalties. Follow the link to get your return lodged today.... https://bracs.qleave.qld.gov.au/login.aspx

02.01.2022 Still Working from Home? While kids are all back to school now many employees are still working at home. Check out the SafeWork Australia link below about looking after your staffs mental health at this time. https://www.safeworkaustralia.gov.au//gener/mental-health?

02.01.2022 QLeave Worker Service Returns due 31 July 2020 A Worker Service Return, for all eligible workers you engaged from 1 July 2019 to 30 June 2020, must be lodged with QLeave by 31 July 2020.... You are legally required to submit a Worker Service Return by the due date each year.

01.01.2022 Common problems with tax returns. ATO have had a record breaking amount of claims already lodged this year but there are already some consistent errors showing up. See link below to avoid making these yourself.... https://au.finance.yahoo.com//why-340000-australians-wont-

01.01.2022 Workcover Payments Due To receive your 5% discount (if you are entitled to one) you must have your premium paid by 16/9. Else full payments must be made by 30th Sept or an approved repayment plan needs to be in place.... Ensure you are covered. https://www.worksafe.qld.gov.au/premium