Busy Bee Bookkeepers in South Yunderup, Western Australia | Financial service

Busy Bee Bookkeepers

Locality: South Yunderup, Western Australia

Phone: +61 422 173 819

Address: South Yunderup 6208 South Yunderup, WA, Australia

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

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25.01.2022 Long Service Leave for Casuals If you need assistance reviewing your current employees and their entitlements get in touch with us as we can help

24.01.2022 Have you heard about the $600 WA Household Electricity Credit Offset?? The McGowan Government announced on 4 October, as part of the 2020-21 State Budget, a one-off electricity account credit to reduce electricity bills will apply for all residential customers. The $600 one-off WA Household Electricity Credit will be applied to eligible customers’ accounts as an offset on and from 1 November 2020, allowing more families to have a bit of extra money available in the lead u...p to Christmas. How wonderful is that?? And there is no application or opt-in action needed from customers that have an eligible customer account to receive the credit.

23.01.2022 Are you about to take the plunge and start something of your own?? When setting up a new business, there really is a lot of information youll need to consider and this can be overwhelming. But, this free checklist for starting a business can help you make sure you cover the important first steps including:... choosing a business structure registering for your Australian business number (ABN) goods and services tax (GST) and business name setting up record keeping and accounting systems ensuring you understand your tax and legal obligations arranging insurance Use this checklist for the early stages of business before you actually start or when buying a business. And as always, if you have questions or need any help, get in contact with us! Go forth and conquer!! https://www.business.gov.au//Business-plans/Starting-a-bus

23.01.2022 SUPER GUARANTEE AMNESTY... Remember, on 6th March 2020, the government introduced a super guarantee amnesty. The amnesty allows employers to disclose and pay previously unpaid super guarantee charge (SGC), including nominal interest, they owe their employees, for quarter(s) starting from 1 July 1992 to 31 March 2018. There are bonuses for getting this sorted during the amnesty period too!! So...... Eligible disclosures WILL NOT incur the administration component ($20 per employee per quarter) or Part 7 penalty. Payments of SGC made to the ATO after 24 May 2018 and before 11.59pm on 7th September 2020 will be tax deductible. What better time to sort out your unpaid super. Get onto it today or contact us if you require assistance.

23.01.2022 I am sure you would all agree that knowing where your revenue is being generated from is as important as knowing what your money is being spent on in business! But are you able to point out how much money you are spending in specific categories with ease? Knowing this information about your business can help so much at the end of financial year , and also when reassessing your budget. Need help with this?? Get in contact now!

23.01.2022 Here at Busy Bee Bookkeepers - we LOVE Receipt Bank!! Do you utilise this wonderful resource in your business yet? If you don't, you are truly missing out on saving valuable time!! So what is it exactly??... Receipt Bank reads and extracts data from your receipts, invoices and other financial paperwork quickly and easily. You can instantly capture a receipt by taking a photo with the app on your device, or simply forward items to your unique Receipt Bank email-in address. The app will extract key information from the submitted document. Want more information about getting this setup for your business?? Get in contact with us now and let us save you some time and hassles.

23.01.2022 Hope it's a great day for you all!! And if you need some last minute ideas on what to do to make your Dad's day extra special - see the link in the comments!

22.01.2022 So I am sure you would all agree that cash flow is pretty important in business. Here are some tips on how you can maintain cash flow RIGHT NOW. Spark more sales - if you can!... Get creative with streams of income Cut down on non-essential expenses Research business loans and grants if needed - you would be surprised what may apply to your business! Delay payments using credit - but plan and budget to pay this off before interest or fees apply See more

21.01.2022 We are so proud to be experts in our industry. Thank you to the team at the Institute of Certified Bookkeepers who are the backbone of our industry and provide us with exceptional support so we can continue to support our clients confidently

20.01.2022 Payroll Tax Table rates have now been updated in your software! Xero, MYOB Essentials and QBO have now rolled out the updates as per the recent legislative changes to personal income tax thresholds announced by the Government during the Federal Budget. These will apply to payments made on and from 13 October 2020.... Now is the time to update any automatic payments setup for you employees.

20.01.2022 With a few changes happening here at Busy Bee Bookkeepers, we love to keep you in the loop! We have just sent out a little email update from the team, detailing some important information that we would love you to get on board with. Head to your inbox and check your mail - and if you have any questions please reach out! ... Didn't receive the email - just let us know! Thanks guys and have a great weekend.

20.01.2022 Cash Flow Boosts - the second round will be coming for those eligible. Read on for more information... https://www.ato.gov.au//Get-ready-second-round-of-cash-fl/

20.01.2022 Are you paying yourself yet? My best advice to sole traders is to start paying yourself regularly from the very beginning. Plan to increase your drawings as your business grows. This ensures that your precious time is factored into your financials from the very start! Don't undervalue your time and energy, and don't simply dip into your business funds when you need to. Let's set up your drawings in an organised and controlled way! ... If you need help figuring out how much to pay yourself while maintaining good cash flow, I can help. See more

19.01.2022 DUE 28th August 2020! So if you need to lodge a TPAR for 2020 - get onto it now! Have questions or need assistance - we're always here to help. And to all of our valued clients - we have you covered.

18.01.2022 CHANGES TO JOBKEEPER If you haven't already heard, there have been some significant changes announced today by the Federal Government in regards to the JobKeeper Scheme. Se below for a snapshot of the key points that were announced. THE DATES ... the JobKeeper Payment is being extended until 28 March 2021 and is targeting support to those organisations which continue to be significantly impacted by the Coronavirus. From 28 September 2020, eligibility for the JobKeeper Payment will be based on actual turnover in the relevant periods. THE NUMBERS : The payment will be cut to $1,200 per fortnight after September 28th, and to $750 for those working less than 20 hours per week. Further cuts will be announced next year. JobSeeker unemployment benefit will also change after this date, with the $550 Coronavirus supplement being cut to $250 through until the end of the year. WHAT THIS MEANS FOR YOU?? Each quarter, businesses will have to continue prove financial distress. Actual turnover much be down at least 30% on pre-pandemic figures to remain eligible. From 28 September 2020, organisations seeking to claim JobKeeper payments will be required to reassess their eligibility for the JobKeeper extension with reference to their actual turnover in the June and September quarters 2020.

18.01.2022 Don't you agree?? Our time is so valuable . My recommendation is that you should make a list and outsource what you don’t love or don’t have time for. It really is the key to success and something I am embracing more and more. When deciding what to outsource in your life, don’t just consider how much the outsourced service costs. Have a think about some of these things before ruling it out...... Make sure you consider the value of your own time. If you can earn more doing something else than the task at hand, then it’s a no brainer to free up more time for yourself to earn those extra dollars by outsourcing the task. If spending time with family or friends is more valuable to you than spending an extra two hours a day working to get something done, then send that task off to someone else who is capable of doing it with the vigour it deserves. We simply cannot do it all! Or maybe we can. But not without burning out. And no one wants to burnout! Give it some thought!!

18.01.2022 It has crept up on us so quickly this year! Don't you agree?? If you have questions or need support, please get in contact Checkout this informative link detailing the essential tasks to be completed at the EOFY for business. ... If you are a client of Busy Bee Bookkeepers we have your back, we will be supporting you along the way to achieve 100% compliance. https://www.business.gov.au//Essential-tasks-at-end-of-fin

18.01.2022 My fur babies will be extra spoilt today - any excuse! What about yours? Would love to see a pic of your fur baby in the comments

17.01.2022 Thanks for the feedback Steve! Another happy client - just the way we like it. We truly appreciate receiving your feedback here at Busy Bee Bookkeepers. We are continually evolving and rely heavily on open communication and your opinion as our valued clients!

16.01.2022 Getting these things in place as soon as possible can have numerous benefits for your new business. But hey, it's never too late. Read on and take note! Invest in some accounting software - Spreadsheets just don't cut it here - the time alone to do your bookkeeping using spreadsheets makes this inefficient and quite often inaccurate. Get a real snapshot of your business with ease using the right software. Open a business bank account - there is no good reason to be... mixing personal and business transactions if you're serious about your business venture. Don't let your business profit or loss story get mixed up with household bills! Enlist the help of a bookkeeper early on - even just to assist with getting the original setup correct, your systems running correctly and some training to have a good understanding of this side of the business - this is a worthwhile investment. Decide how you are going to keep records - remember the ATO requires you to keep business records for 5 years! Think paperless options...Receipt Bank, Cloud capture and storage. You'll never look back! Understand the obligations in your business structure- Know your structure and the rules that apply!

15.01.2022 The High Court of Australia has recently handed down a decision clarifying how paid personal/carer's leave is accrued and taken under the National Employment Standards (NES). This decision by the High Court clarified that: the entitlement to 10 days of personal/carer's leave under the NES is calculated based on an employee's ordinary hours of work, not working days... 10 days of personal/carer's leave is calculated as 1/26 of an employee's ordinary hours of work in a year. This decision overturns a decision made by the Full Federal Court of Australia in August 2019 where it was held that personal/carer's leave accrues in working days, not hours. Need more information?? See links in the comments for the updated Leave Calculator and the updated Fair Work website link.

15.01.2022 R... U ... OK Today is national R U OK day. We all struggle at times, and being given the opportunity to talk about our problems, although hard at times, can make us all feel much better and give some perspective on things. So if you notice the signs someone is else is struggling, take the time to ask R U OK? ... If they say theyre not OK make time to: listen encourage action and; check in And remember, theres more to say after R U OK? Learn what to say next - link in comments...

14.01.2022 Mondays don't always have to be a drag! Be a rebel and make it a good one.

13.01.2022 The JobKeeper Payment extension has now been registered for eligible businesses. From 28 September 2020; employers need to demonstrate that their actual GST turnover has fallen against a comparable period.... Tier 1 (28th Sept 20 - 3rd Jan 21) and Tier 2 (4th Jan 21 - 28th Mar 21) JobKeeper rates apply and are generally based on average hours worked by employees. For the JobKeeper fortnights starting 28 September 2020 and 12 October 2020 only, the ATO are allowing employers until 31 October 2020 to meet the wage condition for all employees included in the JobKeeper scheme. Check out link in comments for the official ATO fact sheet with everything you need to know!

13.01.2022 As you would probably be aware, finalising your payroll this year will look very different from a business perspective for most of us required to utilise Single Touch Payroll. End of year processing will change completely if you are reporting via STP for the first time. Consequently, STP also means big changes to what our employees are familiar with - receiving their end of year payment summaries. If you report via STP and haven't already, advise your employees you wont ...be giving them a payment summary at the end of this financial year. They will now get their new income statement in their ATO online account via myGov or through their tax professional. This will help to alleviate any confusion and questions in the coming weeks for you! This link will take you to an info sheet you can provide your employee so they know what to expect https://www.ato.gov.au//Single-Touch-Payroll-for-employees/ Also, encourage your employees to check their personal details with you and in the ATO online before tax time. Out-of-date or incorrect details may prevent their information from appearing in their ATO online account. And remember, if you made payments this income year to employees that you DID NOT report through Single Touch Payroll, you need to: provide each employee with a PAYG payment summary - individual non-business by 14 July, even if you didn't withhold any tax and; lodge a PAYG payment summary statement to the ATO by 14 August Questions, get in contact with us now!

12.01.2022 So it's Spring - at last - yay!! But apart from the change of season, there has definitely been a change to our economic climate, post COVID-19 here in WA. So as we are lucky enough to be continuing into our recovery, and the true brunt of the pandemic is felt, check out these top tips for keeping one step ahead! Keep up to date with COVID 19 Stimulus announcements and any changes.... Develop and implement your Business Recovery Plan Look for new opportunities and different ways to niche, scale or improve your business. Stay in touch with your clients - customers are the integral part of your business success, so nurturing and building this relationship more than ever right now will see you through this tough time! Engage in networking and building those business relationships. You aren't alone, no matter how hard or lonely it may feel right now. Need help with implementing any of the above?? Head to my Calendly booking platform and book yourself an appointment to chat further. Link in comments below

12.01.2022 P R O P O S E D. J O B K E E P E R. C H A N G E S! So if you haven't already heard, there have already been some significant proposed changes recently to JobKeeper. However, as of Friday, there were some additional modifications proposed. Below gives an up to date summary of the different aspects of JobKeeper that may be impacted from these recent proposals. Please note that these HAVE NOT yet been passed and officially legislated as yet, but some forewarning is... always great when it comes to JobKeeper -who's with me?? EMPLOYEE ELIGIBILITY DATE CHANGES TO EXISTING JOBKEEPER RECIPIENTS - From 3 August 2020 the relevant date of employment could move from 1st March to 1 July 2020, increasing employee eligibility for the existing scheme AND the extension. SO WHAT COULD THIS MEAN?? This could potentially mean that some staff that were not eligible on 1st March 2020, could become eligible for JobKeeper. JOBKEEPER EXTENSION - JobKeeper could now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021. JOBKEEPER PAYMENT RATES - The payment rate of $1,500 per fortnight for eligible employees and business participants may be reduced to $1,200 per fortnight from 28 September 2020 and to $1,000 per fortnight from 4th January 2021. From 28 September 2020, lower payment rates could apply for employees and business participants that worked fewer than 20 hours per week in the relevant reference period. JOBKEEPER ELIGIBILITY - From 28 September 2020, businesses and not-for-profits may be required to reassess their eligibility with reference to their actual GST turnover in the September quarter 2020 to be eligible for the JobKeeper Payment from 28th September 2020 to 3rd January 2021. In the face of an ever evolving situation, we are always here to help. But please be rest assured we will keep you updated in regards to the recently announced proposed extension and modification to JobKeeper and how it will affect you. Your patience and cooperation is greatly appreciated at this time of continual change which is understandably required in recognition of the continued pressures that businesses are facing. If you wish to source more information regarding JobKeeper and its proposed changes, please refer to our comment for the link to the Treasury site with Fact Sheet. Happy reading!!

12.01.2022 Make friends with the cloud! Now is as good a time as any to assess and maybe reduce your paper trail. So why not get your business documentation into the cloud? There are just so many options out there. Here are a few simple starting point if you aren't already using them... Get your business books into some software - MYOB or Xero are great options.... Get your receipts and invoices in order with Receipt Bank or Hubdoc. And no more worrying about those receipts fading! Streamline your workflow - we love Karbon here at Busy Bee Bookkeepers - but maybe Asana or Monday for other industries?? Setup and start using OneDrive, Dropbox and Office 365 - these cloud storage options are a must! There you go - what can you add to this list?? Would love to hear from you!

12.01.2022 Want to know a little secret to success?? A big part of it is by simply showing up, or appearing consistently and giving energy to the things that really matter in life! When a challenge presents itself, show up and face it. When an opportunity shows up for you, take it and keep an open mind. When you aren't sure about your next step, show up and be present with the options that are presenting themselves to you!... Some days are definitely harder than others to apply this principle to, and continue the journey, stay positive and push through, (which I have experienced many of of late!!)- but honestly I have first hand proof that persistence really is the key. Need help staying on track and showing up in your business? Reach out and lets chat

11.01.2022 So true... Sales - Profit = Expenses It's that simple.

11.01.2022 LOVE this quote. It’s so easy to want to say ‘yes’ to every opportunity that comes your way - but sometimes the smartest thing you can do for your business is say ‘no thanks!’ and feel empowered doing so. Find you niche, live it and love it and don't feel bad about saying no sometimes.

10.01.2022 Have you ever taken the time to really think what are you passionate about? What are your dreams? What makes you happy in life? Finding a profession you can excel in, and truly enjoy can be one of the hardest things. I am lucky to have found my passion in helping people with their business finances, which aligns perfectly with my love of numbers and the fact I am detail orientated. However, I am always growing and learning, and although I am doing what I love, there are still tough days! What about you? Have you found your purpose and enjoy doing it every day? How do you continue to grow?

10.01.2022 We are now a few weeks into a new financial year! Can you believe it! Have you set some goals surrounding what you want to achieve by 30th June 2021! It may be a complete budget restructure - for the home or business, saving for that holiday or gaining investment awareness ?? It doesn't matter how big or small, creating financial goals are crucial. So grab yourself a pen and notepad and start brainstorming. You really will thank yourself for spending some time visualising, planning and writing down your financial goals. And most importantly, will find it even more rewarding when they come to fruition.

10.01.2022 This is just so relevant right now! Small business need support more than anything in this current climate. So what can we do now to help support?? Like, share of comment on their posts Tell your real life friends about them. Word of mouth advertising is the best! Leave a review on their page Choose their products or services when you require them... So simple, but it's these little things that can make such a big difference.

08.01.2022 So, I may be partial to a little chocolate - or maybe even slightly addicted! If chocolate is involved I am there So what better reason to indulge a little more today, to celebrate WORLD CHOCOLATE DAY! Who is with me???

08.01.2022 Monday feels after a wonderful weekend... But ready for another super busy week here in the Busy Bee Bookkeepers office! Have a great week everyone!

06.01.2022 1st July 2020 !!! Although a super busy time of year, there is nothing like the energy and fresh start that comes with the beginning of a new financial year. And what a time to reset and realign your process, performance and outcome goals to achieve great things - which all comes back to mindset and focus. Need help doing so with you business? Get in contact now!

06.01.2022 Monday again! Hope it's a great week for you all. It is going to be yet another super busy one here at the Busy Bee Bookkeepers office - just the way we like it!!

06.01.2022 For all that is going on in the world today, We must never forget the selfless commitment and integrity of those that have gone before us and gave their own personal sacrifice to give every single one of us the ability to have our opinion and actions. Remember, be thankful and be the best we can be

06.01.2022 Now, I know that I may be biased, but really how important are Bookkeepers!!?? So I will definitely be celebrating this week with like minded industry friends across the globe, as a part of the annual Global Bookkeeping Week (GBW). GBW celebrates the profession and the vital work bookkeepers do to support micro and small businesses on a global scale. But it is not just for Bookkeepers - as a small business, and after the tough year that has been, why not give you and your team some time to celebrate your achievements and reflect on your own personal growth for the year!!

05.01.2022 Now that were beginning the new financial year, what better time to evaluate internal processes that run on the financial year calendar, and start the new year fresh! Great article on cleaning up your business processes and streamlining your systems. https://www.myob.com//new-financial-year-business-practic/

05.01.2022 R E M I N D E R !! From the first full pay period on or after 1 November 2020, new minimum rates and allowances start in awards for the construction, manufacturing and a range of other industries following the Commission's announcement of a 1.75% increase to minimum wages for in the 2020 Annual Wage Review. The Fair Work Commission will issue the updated awards on 31 October 2020 and also update their Pay guides and Pay Calculator.... See link in comments for list of Group 2 awards...

05.01.2022 Taxable Payments Annual Report (TPAR)... Ever wondered when and why you are required to lodge one of these? This simple article may shed some light. And don't worry, if you are one of Busy Bee Bookkeepers clients, we have you covered! ... https://www.ato.gov.au//Paid-a-tradie-or-other-contractor/ See more

03.01.2022 REMINDER! If you use MYOB AccountRight - the updated tax tables are now available for you to download. You must be running the 2020.3 Version, for the updates to pull through, and translate when you process your first pay run. Have a great Monday!

02.01.2022 There really are so many benefits from having furry office assistants! Don't know what I would do without mine. Do you have office assistants of the furry kind?? Drop a pic below... https://www.drool.pet//why-pets-are-the-best-personal-assi

01.01.2022 IT'S OFFICIAL - The JobKeeper Payment is changing which means more employees can qualify. BUT, we only have until 31st August 20 to nominate and top up any additional employees that now become eligible! There are changes to: The eligibility criteria... A payment extension to 31 August, and Employers can nominate different employees if their employment has changed. Please see everything you need to know about these changes, and reassessing your eligible employees in the link in the comments. If you need assistance, please book an appointment via my calendly link also in the comments. And of course, for all of out clients - we have you covered with these changes. Chat soon!

01.01.2022 Yay! Who loves Fridays?? Make it a good one!