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25.01.2022 A great fact sheet about the cash flow assistance for businesses #coronavirus #covid19 https://treasury.gov.au//Fact_sheet-Cash_flow_assistance_f

24.01.2022 If you re looking to claim a deduction for assets purchased for your business, the $150,000 instant asset write-off threshold has been extended to 31 December 2020. This means, if eligible, you can claim an immediate deduction for the business portion of an asset first used or installed ready for use from 1 July to 31 December 2020, in your 2020-21 tax return. https://www.ato.gov.au//Good-news-for-instant-asset-writ/

23.01.2022 Want some step by step guidance to help you manage your business through COVID-19?? Contact your local Business Enterprise Centre now! https://becaustralia.org.au/locations/

23.01.2022 A lot of hard work and dedication goes into being an "overnight success" . . .... . . #BECA #QuoteOfTheDay #MondayMotivational #businessadvicedaily #smallbusiness #smallbusinessaustralia #smallbusinesssupporter #smallbusinesssupport #businessadvice #smallbusinessowner

23.01.2022 Word of mouth for small business costs nothing

23.01.2022 JobKeeper and tax time: ATO answers your questions ATOs answers to some of the most frequently asked questions by recipients of the governments wage subsidy. https://tinyurl.com/y3wzlfqt

23.01.2022 Great information on what to do when an employee has COVID19. https://www.safeworkaustralia.gov.au//what-do-if-worker-ha

22.01.2022 - COVID-19 impact - Stimulus packages - Casual employees or not casual employees? Now is the time to contact your local Business Enterprise Centre for advice. Thousands of businesses already have. ... Find it here: https://becaustralia.org.au/locations/

22.01.2022 To help address some of these issues, MYOB has partnered with the not-for-profit web and app-based meditation program Smiling Mind, to create a custom program designed to support the mental, emotional and physical wellbeing of business owners. Topics covered by the app-based program include mindfulness, stress management, relationships and resilience. Read more here: https://www.broadsheet.com.au//initiative-support-small-bu

22.01.2022 All the information you need about Coronavirus and Australian workplace laws Fairwork Ombudsman. Returning to work Pay and leave during CoronaVirus Changes to workplace laws... Ending employment and redundancy and more https://coronavirus.fairwork.gov.au/

20.01.2022 Upcoming public holidays Believe it or not, Christmas is less than 3 weeks away. Whether you’re continuing trade or shutting down over the end of year period, you’ll need to be across public holiday entitlements for your employees. With Boxing Day falling on a Saturday this year, most states and territories will get a substitute public holiday or an additional public holiday on the following Monday. ... https://www.fairwork.gov.au/leave/public-holidays

20.01.2022 NSW Government: If your small business or not-for-profit organisation has experienced a decline in turnover as a result of COVID-19, you may be eligible for a small business recovery grant of between $500 and $3000. This grant helps small businesses meet the costs of safely reopening or up-scaling operations. https://www.service.nsw.gov.au//apply-small-business-covid

18.01.2022 https://www.fairwork.gov.au//entitlements-over-the-christm Great information on: - Directing employees to take leave... - How to deal with employees without enough annual leave - Working extra hours and working on public holidays and more....

17.01.2022 1 in 5 businesses have reoriented their operations entirely, creating unique ways to stay afloat. Allianz Australia research has revealed that despite the devastating impact of COVID-19, many Aussie entrepreneurs have reinvented their businesses, safeguarding their survival over the last six months. - Adding new delivery services ... - Creating unique discounts for pensioners and those unemployed - Providing materials that Australians can make their own soap and sanitation products from. Others have invested in digital operations (18 per cent), leading to improvements in web, social media and e-commerce, making it easier to help more Australians support small businesses in new ways.

17.01.2022 Great article with 6 tips to cut down on business expenses 1) Go paperless 2) Compare the best utility prices 3) ???... https://bit.ly/3jkquJI

17.01.2022 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). In the decision of Mondelez Australia Pty Ltd v AMWU & Ors [2020] HCA 29, the High Court clarified that:... - the entitlement to 10 days of personal/carers leave under the NES is calculated based on an employees ordinary hours of work, not working days - 10 days of personal/carers leave is calculated as 1/26 of an employees ordinary hours of work in a year. The High Courts decision overturns a decision made by the Full Federal Court of Australia in August 2019. In that decision, the Full Federal Court held that personal/carers leave accrues in working days, not hours.

17.01.2022 $10,000 grants to provide fast relief for NSW small businesses battling COVID-19 https://www.nsw.gov.au//10000-grants-to-provide-fast-reli/

15.01.2022 JobKeeper payment employee nomination notice If you are a business and have been impacted by the coronavirus (COVID-19), you may be eligible to access the JobKeeper Payment. Before you enrol for the JobKeeper Payment, you need to complete the JobKeeper employee nomination notice to:... - Notify your eligible employees that you intend to participate in the scheme - Ask them if they agree to be nominated and receive payments from you as part of the scheme. https://www.ato.gov.au//JobKeeper-payment---employee-nomi/

15.01.2022 SMALL BUSINESS GRANTS - State by state Covid-19 impacted your business? NSW - https://www.service.nsw.gov.au//apply-small-business-covid... VIC - https://www.business.vic.gov.au/suppo/grants-and-assistance SA - https://www.treasury.sa.gov.au//small-business-grant-covid QLD - https://www.business.qld.gov.au/covid-assistance WA - https://www.smallbusiness.wa.gov.au//wa-coronavirus-relief NT - https://nt.gov.au//grow-your-b/business-grants-and-funding TAS - https://www.business.tas.gov.au/covid-19_business_support_p Summary of all - https://bit.ly/3gdRlWT

15.01.2022 JOBKEEPER Payment - everything you need to know. The Government has announced a $130 billion JobKeeper payment to help keep more Australians in jobs and support businesses affected by the significant economic impact caused by the Coronavirus. Around 6 million workers will receive a fortnightly payment of $1,500 (before tax) through their employer.... The payment ensures eligible employers remain connected to their workforce and will help businesses restart quickly when the crisis is over. https://treasury.gov.au/coronavirus/jobkeeper

15.01.2022 A great guide of all the resources you can access for this tricky area of HR. The difference between contractors and employees Independent contractors have different obligations and rights to employees because they are running their own business. This means it’s important to understand the difference between the two.... There are a number of things that can help you tell the difference between an employee and a contractor. There isn’t one that makes a difference on its own you need to consider everything together. https://www.fairwork.gov.au/leave/public-holidays

15.01.2022 ASIC is aware of scammers pretending to be calling from or on behalf of ASIC. Some fraudsters are pretending to represent ASIC and are offering to help people consolidate superannuation accounts. ASIC never gives permission to use its logo or the names of its staff and leaders to promote financial products or services. If you think you or someone you know has been scammed, lodge a report of misconduct with ASIC and report the matter to police. Read more: http://ow.ly/6gSW50B27QI

14.01.2022 For all COVID-19 information from the Australian Government, visit https://bit.ly/391iwS2 It includes links to all State related information.

14.01.2022 Every day is a new opportunity to achieve success. Time to put your ideas into practice and push towards your end goal. Hands up if this is you? . . .... . . #BECA #MondayMotivation #businesssuccess #smallbusiness #smallbusinessowner #smallbusinesssupport #smallbusinesssupporter #smallbusinessaustralia

13.01.2022 Boosting cash flow for employers: Employing businesses (including NFPs) with a turnover of less than $50m eligible for up to $50,000 (increased from a maximum of $25,000 announced in first package) The payment will be available from 28 April 2020. Eligible entities will receive an additional payment equal to the total of Boosting Cash Flow for Employers from 28 July, so total amount available is $100,000.... https://www.ato.gov.au///Boosting-cash-flow-for-employers/

12.01.2022 Small businesses need your help

12.01.2022 Getting ready for tax time Whether you do your own tax or use a registered tax agent. Before lodging, make sure you: > sort your business records, such as bank statements and cash, online, EFTPOS and credit or debit card transactions, into income and expenses you can claim as a business deduction... > check if your expenses qualify for small business tax concessions, including the instant asset write-off or the accelerated depreciation, > make digital copies of paper records and make a backup just in case. If youre a sole trader, you can use the myDeductions tool on the ATO app. Find your local Business Enterprise Centre here https://becaustralia.org.au/locations/

12.01.2022 On 6 October 2020 the Budget for 2020-21 was released. Many of the measures announced are not yet law. The Federal Government is responsible for tax and super legislation and we administer it on their behalf. There's a range of measures relevant to small business in the Budget. One upcoming initiative is better digital systems. The Budget includes a range of digitally focused measures designed to help grow businesses. As part of the Digital Business Plan, the government has a...nnounced it will mandate e-invoicing by all government agencies by 1 July 2022. Businesses that transact with government via e-invoicing will be paid within five business days (for eligible contracts). Read about more impacts for small businesses here - https://www.ato.gov.au//s/General/Federal-Budget-2020-21/

12.01.2022 The state government announced this week that it will provide a Summer Holiday Stock Guarantee for small and medium enterprises (SMEs) and will expand the Small Business Fees and Charges Rebate for all eligible small businesses. Under the SME Summer Holiday Stock Guarantee, eligible businesses with an annual turnover between $75,000 and $50 million will be able to apply for a grant of up to $20,000 to compensate for loss of perishable stock, or claim $10,000 for reduced capac...ity to sell non-perishable items if a local lockdown occurs and they are impacted. The expanded Small Business Fees and Charges Rebate will be eligible for use until 30 June 2022. To read more click the link below . . . . . #BECA #NSW #support #smallbusiness #smallbusinessaustralia #smallbusinesssupporter #smallbusinesssupport #smallbusinessowner #businessadvicedaily #businessadvice

11.01.2022 The Australian Taxation Office has recently released some virtual introductory sessions to help you work out whether you are providing a car fringe benefit. During this 1-hour session, we will explain: - different methods available to calculate the taxable value of benefits... - the record keeping required for each method. We will also help you determine the best calculation method for your business. For more information visit https://www.ato.gov.au//Fuel-your-knowledge-on-car-fring/

11.01.2022 The unfolding situation with the Coronavirus (COVID-19) and uncertainty continues to cause concern for businesses. We can all help stop the spread of COVID-19 and other seasonal illnesses and flu viruses through: - Wiping down work surfaces before and after use... - Regular hand-washing (scrub your hands for 20 seconds and always use soap) - Sneezing into your elbow and covering your mouth when you cough - Staying home when you?re sick ? visit your GP for minor illnesses where possible, save hospitals for emergency situations only Read the latest advice and find information about NSW Health?s Influenza Pandemic Plans at NSW Health - https://www.health.nsw.gov.au//dise/Pages/coronavirus.aspx If you have any issues, please contact your local Centre - https://becaustralia.org.au/locations/

11.01.2022 Casual employees not so casual anymore? A landmark court ruling has confirmed some "casual" workers are actually entitled to paid leave. https://bit.ly/2zS5vfY

11.01.2022 2020 was tough for so many businesses. BECs around Australia delivered services to record numbers of business owners and the support and assistance is more relevant now than ever. To get advice to ensure your business stands out and remains the fittest through 2021, make sure you access the services available. To find your local centre, visit https://becaustralia.org.au/locations/

11.01.2022 Do you use Facebook Marketplace to sell your products? If so, the below link would be worth a read . . .... . . #BECA #facebookmarketplace #facebookmarketingtips #businessadvice #smallbusiness #smallbusinessaustralia #smallbusinesssupporter #smallbusinesssupport #smallbusinessowner #smallbusinesssaturday

09.01.2022 Watch out for tax scams Australian Taxation Office Large numbers of scammers have been trying to trick people with fake tax debt scams recently. These scammers will tell you that you have a tax debt and if you don’t pay it straight away, you’ll be arrested.... If you receive a phone call or message like this, don’t respond. We never: - threaten you with immediate arrest, jail or deportation - request payment of a debt via iTunes, Google Play gift cards or other vouchers - insist you stay on the phone until you pay - prevent you from discussing your tax affairs with your agent or adviser. If you’re ever unsure if a contact is really from the ATO, hang up and call us on 1800 008 540 to check.

09.01.2022 You should know by now that the JobKeeper scheme has been extended from 28 September 2020 until 28 March 2021. There are two separate extension periods. For each extension period, an additional actual decline in turnover test applies and the rate of the JobKeeper payment is different. The extension periods are:... Extension 1: from 28 September 2020 to 3 January 2021 Extension 2: from 4 January 2021 to 28 March 2021 The rates of payment will change The rate of the JobKeeper payment in each extension period will depend on the number of hours: - an eligible employee works, or - an eligible business participant is actively engaged in the business https://www.ato.gov.au///JobKeeper-extension-announcement/

09.01.2022 Have you registered your business as COVID safe? https://www.nsw.gov.au/register-your-business-as-covid-safe

09.01.2022 Pubs, clubs and restaurants will be allowed to seat up to 50 patrons from June 1. Premier Gladys Berejiklian said the move was an important, critical, big step, but it would only be done with strict social distancing measures in place. Read in The Sydney Morning Herald: https://hubs.ly/H0qLSwq0

08.01.2022 Cash reserves to run out in 2021 Despite positive stories of resilience and bravery, many businesses Australia-wide are doing it tough and have genuine doubts about their long-term survival. According to the research, 84 per cent of Australian small businesses have faced financial, operational and emotional challenges as a result of the pandemic.... Concerningly, over 1.1 million small businesses believe without support, their cash reserves will only sustain them until December and almost two-thirds (62 per cent) doubt the long-term viability of their business. Similar figures were released by the ABS on Thursday, revealing that over a third of businesses are expecting to struggle to meet financial commitments over the next three months, with small businesses almost twice as likely as large businesses to be in severe financial strife.

08.01.2022 Questions to ask yourself to be prepare for times post-COVID 1) What support will I lose, and has my business got the cash available to replace it? 2) What payments will I have to make from October or March that Im not making now? 3) Do I have any pressing creditors ready and able to take action against me once they are able to?... Read the article here - https://tinyurl.com/y3288jjl

07.01.2022 The Government has extended the JobKeeper Payment scheme. Changes from 14 August 2020 mean: more employees can qualify ... a payment extension to 31 August new information is available on long-term casual employees Read more here: https://www.ato.gov.au/general/jobkeeper-payment/

07.01.2022 A very good test on your online security practices and knowledge through the Australian Taxation Offices Online security self-assessment questionnaire - https://www.ato.gov.au/Calculators-and-tools/Host/ A few simple steps can save you and your business from being the victim of identity crime: - Create unique passwords which are difficult for others to guess, and change them regularly.... - Never share your passwords with anyone. - Use multi-factor identification where possible, such as using SMS codes as your sign-in option for myGov. Read more https://www.ato.gov.au//G/Wash-your-hands-of-cyber-crime/

06.01.2022 A potential name change for Facebook? What do you think it should be? . . .... . . #BECA #FacebookChanges #newname #smallbusiness #businessadvice #smallbusinessowner #smallbusinessaustralia #smallbusinesssupporter #smallbusinesssupport #businessadvicedaily

05.01.2022 The government is prepared to tweak its JobKeeper scheme further if the evolving coronavirus crisis warrants a changed response, the finance minister has said. Finance Minister Mathias Cormann has hinted further JobKeeper changes may be on the radar, noting that the government is prepared to make decisions in the context of an evolving situation based on the information that comes before us. Read more here: https://tinyurl.com/y2dutbqy

05.01.2022 Straight from the Australian Taxation Office Employers: The due date to meet the eligibility criteria for Aprils JobKeeper payment is almost here! You have until midnight tomorrow, 8 May, to have paid the minimum $1,500 to your eligible employees for the JobKeeper fortnights 30 March - 12 April and 13 April - 26 April. Weve started processing payments, so if youve completed all the steps and meet the eligibility requirements, you should receive your reimbursement within 14... days. If you havent completed all the steps, well be in touch. Find out more at www.ato.gov.au/general/JobKeeper-Payment/

05.01.2022 JobKeeper 2.0 Q&A: What will sole traders receive, can new workers join, and is the 20-hour rule flexible? Must read information for business owners and employees https://www.smartcompany.com.au//jobkeeper-changes-sole-t/

04.01.2022 Claiming motor vehicle expenses explained >>>> You can claim motor vehicle expenses that are part of the everyday running of your business, such as travelling between different business premises and visiting clients. Common expenses include:... - fuel - repairs - lease payments - insurance registration - depreciation. If you operate your business as a sole trader or partnership and use a car as part of the everyday running of your business, you can work out your claim using the: - cents per kilometre method, or - logbook method The rates for the cents per kilometre method are: - 68 cents from 1 July 2018 to 30 June 2020 - 72 cents from 1 July 2020. It applies for a maximum of 5,000 business kilometres per car.

04.01.2022 JOBKEEPER 2.0: Key details Prime Minister Scott Morrison has announced that JobKeeper and JobSeeker will be extended. * JobKeeper will be extended until the end of March next year. Businesses will need to re-apply to ensure eligibility.... * JobKeeper payment will be reduced to $1200 per fortnight from October. * A two payment system will exist to cater for those earning less than the JobKeeper payment amount. * JobSeeker recipients can now earn $300 without it impacting their payment. * JobSeeker supplement to be reduced from $550 to $250 from October until the end of the year.

04.01.2022 Check if your business can take advantage of these small business tax concessions before 30 June, including: - Immediate deductions for prepaid expenses if your turnover is less than $10 million and youve paid for expenses (such as rent, registration fees, insurance or advertising) before June 30 and these end in next financial year, you can claim them as deductions in this years tax return. - Instant asset write-off you can claim an immediate deduction for the business... portion of the cost of an asset in the year its first used or installed ready for use. - Accelerated depreciation for primary producers if youre a primary producer, you can claim deductions for fodder storage assets, and fencing and water facilities. - Simplified rules for trading stock if the estimated difference between your 201920 opening and closing trading stock is $5,000 or less, you dont need to do a stocktake. Just report the same amount for your opening and closing stock in your tax return. - Deductions for professional expenses for start-ups if your turnover is less than $10 million, you may be able to claim certain start-up expenses (such as professional, legal and accounting advice, and government fees and charges) as deductions in this years tax return. Remember, registered tax agents and BAS agents can help you with your tax. To find your local Business Enterprise Centre, click this link https://becaustralia.org.au/locations/

04.01.2022 MANAGING STAFF Information relevant to managing staff during the pandemic is being updated VERY OFTEN, so seek professional guidance or keeping up to date with information from the Fair Work Ombudsman. Here are some points relating to managing employees at this time: ... - A period of business downturn is generally not sufficient in itself to automatically permit an employer to stand down employees without pay. - Stand-downs and redundancies should be considered an option of "last resort" - Redundancies need to be genuine (in that the employer no longer requires the job to be done by anyone), there needs to be a process of consultation, and a minimum period of notice (or payment in lieu of notice) needs to be provided A series of temporary changes have been made to the Fair Work Act relating to the JobKeeper scheme and their eligible employees. Once an employer has qualified for the JobKeeper scheme, the new provisions enable: (1) employers to make temporary and partial stand downs in certain circumstances. (2) employers to temporarily alter employees usual duties and locations of work in certain circumstances. (3) employers and employees to agree on altering an employees days and times of work and use of annual leave in certain circumstances. These changes are reasonably complex and there are are restrictions relating to their exercise that must be considered, so if as an employer you are thinking of utilising these new provisions it is recommended that you seek professional support.

03.01.2022 Good news for businesses - new alterations to the extended JobKeeper have been confirmed. Instead of having to demonstrate a fall in turnover in the June and September quarters to qualify for JobKeeper from 28 September, organisations will only have to show a fall in the September quarter compared to a comparable period in 2019. Instead of having to demonstrate a fall in turnover in the June, September and December quarters to qualify for JobKeeper from 4 January, organisations will only have to show a fall in the December quarter compared to a comparable period in 2019.

03.01.2022 Get ready - second round of cash flow boosts If you received initial cash flow boosts, youll automatically receive additional cash flow boosts when you lodge your activity statements for each monthly or quarterly period from June to September 2020. The amounts will be equal to the total amount of initial cash flow boosts you received and will be split evenly over your lodgements. If you lodge:... - quarterly, youll receive 50% of your total initial cash flow boost for each activity statement - monthly, youll receive 25% of your total initial cash flow boost for each activity statement. When you lodge your June 2020 activity statement, you may receive the last part of your initial cash flow boost and the first additional cash flow boost as a credit. If you havent made payments to employees subject to withholding, report 0 for PAYG withholding when lodging your activity statement to ensure you receive the additional cash flow boost. Its important you dont cancel your PAYG withholding registration until youve received the additional cash flow boosts. Remember, registered tax agents and BAS agents can help you with your tax.

02.01.2022 PM launches $17.6bn virus stimulus plan https://www.mybusiness.com.au//6736-pm-launches-17-6-billi

01.01.2022 The formal employee nomination notice is now available on the Australian Taxation Office website. Before you enrol for the JobKeeper Payment, you need to complete the JobKeeper employee nomination notice to: - notify your eligible employees that you intend to participate in the scheme... - ask them if they agree to be nominated and receive payments from you as part of the scheme. Here are all the details - https://www.ato.gov.au//JobKeeper-payment---employee-nomi/ Feel free to share this information. If you have any questions, just ask us.