Northern Beaches Accountants-COVID19 Small Business Support in Sydney, Australia | Consultation agency

Northern Beaches Accountants-COVID19 Small Business Support

Locality: Sydney, Australia

Phone: +61 2 9970 5267

Address: 20 Bungan St 2103 Sydney, NSW, Australia

Website: http://northernbeachesaccountants.com.au

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24.01.2022 The latest on COVID-19 stimulus. This Friday I am doing my weekly Zoom session with the tax, legal and finance experts from HLB Mann Judd. They have helped me immensely and it has allowed me to help people who need valuable information, as quickly as possible. This Friday I will post an update that will cover - Practical and financial issues for COVID-19 business operations;... Managing legal risks associated with returning staff to work (COVIDSafe Workplaces); JobKeeper where to from here?; Tips and Tricks for financial year-end given the change in environment post the COVID-19 outbreak. I hope you are all happy and well. Paul Bailey

24.01.2022 Jobkeeper - People stuck in lockdown overseas - are they eligible? If you know of any business owners who are stuck overseas during COVID-19 and are unable to return due to travel restrictions they are eligible for Jobkeeper. I have a client who is a personal trainer who is overseas and is unable to return. This morning I checked the jobkeeper legislation and my client is eligible. I have applied for jobkeeper on her behalf and she will begin receiving $1500 per fortnight from 30 March 2020.

22.01.2022 March 2020 activity statements - I'm seeing major financial benefits for clients - https://mailchi.mp//march-2020-activity-statements-im-seei

21.01.2022 JobKeeper - Key dates - https://mailchi.mp/487c2d9ee1b9/jobkeeper-key-dates-5986534

21.01.2022 JobKeeper Payments from 27 April to 24 May 2020 Hi folks, the ATO is now requesting the following information to begin processing of businesses May 2020 JobKeeper payments Actual turnover for May 2020... Projected turnover for June 2020 If you need a hand you can organise to chat with me via the link on my website or [email protected]

21.01.2022 $130 billion 'jobkeeper' package for employees who have lost their jobs - https://mailchi.mp//130-billion-jobkeeper-package-for-empl

20.01.2022 Some information about yesterday's Jobseeker announcement and if it applies to SOLE TRADERS INFORMATION FOR SOLE TRADERS Businesses without employees, such as the self-employed, can also register their interest in applying for JobKeeper payments from 30 March 2020. You will need to provide an ABN and nominate an individual to receive the payment and provide that individual’s Tax File Number as well as provide a declaration as to recent business activity. You will need to prov...ide a monthly update to the ATO to declare your continued eligibility for the payments. Payment will be made monthly to the nominated individual’s bank account. As an employer or sole trader, you can register your interest in applying for the JobKeeper payments with the link below - https://www.ato.gov.au/general/gen/JobKeeper-payment/ If you need additional help with this you can email me at [email protected]

19.01.2022 Some good news if you have lost your job since 1 March 2020. Please read this for details.

19.01.2022 JobKeeper - Key dates - https://mailchi.mp/8751cae6e4b0/jobkeeper-key-dates

18.01.2022 WATCH OUR VIDEOS COVERING ALL THE FEDERAL AND STATE STIMULUS PACKAGES If you are still needing information on JobKeeper and other NSW and Federal Government stimulus I have video, PDF's and checklists at my dedicated stimulus website. If you need a hand please email me at [email protected]

17.01.2022 The road back for small business post COVID-19 I'm doing a webinar at the moment that is considering how businesses can navigate beyond COVID-19. A major talking point in this discussion has been how local communities have pulled together and how important and beneficial that is going to be in the future. Forums like this FaceBook page have been BRILLIANT in exemplifying that.... If you'd like a copy of the webinar notes after the session please email me and I'll send you a copy - [email protected] The notes will cover post-COVID-19 marketing, resourcing, revising business plans.

17.01.2022 In addition to my posts re Federal Government stimulus, the NSW Government is also offering assistance to impacted businesses. Stage 3 NSW announcements included - NSW small business will receive grants up to $10,000. The eligibility criteria are: Have between 1-19 employees and a turnover of more than $75,000;... A payroll below the NSW Government 2019-20 payroll tax threshold of $900,000; Have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020; Be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020; Use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice ; Provide appropriate documentation upon application. How to apply: Eligible businesses will need to apply through Service NSW. The application within a fortnight of the announcement remains open until 1 June 2020. I am now offering to assist people who need help with further information on assistance, or in applying for cashflow relief [email protected]

17.01.2022 Jobkeeper payments have started For those of you enrolled for Jobkeeper, if you have completed steps two & three your first payment may have hit your nominated account overnight. The first payments were due on 8 May but I think the ATO have found this project a bigger undertaking than they imagined. The good news - it does appear to be working :)... If you need a hand or information please check out my contact and COVID-19 information page

16.01.2022 Applications to the NSW Small Business COVID-19 Support Grant are now open. If your small business or non-profit organisation has experienced a significant decline in revenue as a result of COVID-19, you may be eligible for the small business support grant of up to $10,000. Funding can be used for unavoidable expenses that are not already covered by other government supports, such as utilities, council rates, marketing expenses and more.... Apply online through Service NSW. For information on other business grants that may be available to you and advice on grant writing, visit the Northern Beaches Grant Hub.

16.01.2022 JobKeeper payment enrolment opens 20 April 2020 In summary, the JobKeeper Payment provides a wage subsidy to businesses impacted by Coronavirus. The Government will provide eligible employers with $1,500 per fortnight per employee to help them retain workers through this period. We understand that during these unprecedented times you may require some additional assistance navigating the JobKeeper Payment eligibility requirements and enrolment process. ... While for some businesses assessing eligibility will be relatively straightforward, there may be a substantial number where there will be issues to resolve. This includes determining the turnover position (which is not simply GST per the BAS) and determining which employees (or self-employed individuals) are eligible for the JobKeeper payment. There may also be some circumstances where a business may seem not to qualify; however, there may be alternative eligibility criteria which provide the basis for applying. We can help you with this. Please note: incorrectly claiming would leave the business with the obligation to repay the JobKeeper benefit received even though it has been paid to the employee. There also can be penalties for improperly obtaining JobKeeper benefits. Enrolment for JobKeeper Payment opens on 20 April 2020 and must be completed by 30 April 2020 to claim JobKeeper payments for April. To complete the process yourself, you will need a myGovID which has been linked to the ABN of the business in Relationship Authorisation Manager. Click the link to see how to step this up The ATO has detailed the application and enrolment process on their website which can be accessed here: https://www.ato.gov.au//enrol-and-apply-for-the-jobkeeper/ Alternatively, as the process is not necessarily straightforward, I am happy to assist with completing the necessary enrolment and application forms - [email protected]

14.01.2022 For people not eligible for Jobkeeper payments (because their job hasn't been guaranteed post COVID19), new Jobseeker announcements have been made. Jobseeker payments 19 From 27 April 2020, the eligibility and qualification criteria for JobSeeker Payment and Youth Allowance for jobseekers have been expanded for 6 months to include: a sole trader, self-employed, a casual or contract worker whose income has reduced they will be able to meet mutual obligation requirements ...by continuing to operate their businesses. Sole traders and the self-employed applicants will need to make a declaration that their business has been suspended or had turnover reduced significantly; a permanent employee who has been stood down or lost their job; people caring for someone infected or in isolation as a result of contact with Coronavirus. students who receive Youth Allowance (Student), AUSTUDY and ABSTUDY (Living Allowance) Best wishes, Paul Bailey -

09.01.2022 My latest business article about stimulus packages for small and medium sized businesses. If you need a hand please contact me via the link on my website.

08.01.2022 l business assistance from banks during COVID19 The Australian Banking Association (ABA) has released a statement advising that Australian banks will defer loan repayments for 98% of all businesses (including sole traders) affected by COVID-19 for 6 months. The ABA has advised that customers will self-assess whether their business has been adversely affected and no other verification is required. Your business will qualify if it has loan facilities up to $10 million (interest will capitalise on the loan) and it has been economically affected by a coronavirus. You should contact your bank online as soon as possible as they have hardship teams established to assist businesses. For more information use the link or email me at [email protected]

05.01.2022 Jobkeeper - what if your business doesn't pass the basic reduction in turnover test? Hi folks, if your business doesn't pass the basic test i.e.a 30% reduction in turnover compared to the same period last year, you can look at seven alternative tests. They are -... The entity commenced business after the relevant comparison period (the business did not exist in that period) but not on or after 1 March 2020. The entity acquired or disposed of part of the business after the relevant comparison period (the business is not the same business in that period as it is now). The entity undertook a restructure after the relevant comparison period (the business is not the same business in that period as it is now). The entity’s turnover substantially increased by50% or more in the 12 months immediately before the applicable turnover test period, or 25% or more in the 6 months immediately before the applicable turnover test period, or 12.5% or more in the 3 months immediately before the applicable turnover test period. The entity was affected by drought or another declared natural disaster during the relevant comparison period. The entity has a large irregular variance in their turnover for the quarters ending in the 12 months before the applicable turnover test period, excluding entities that have cyclical or regular seasonal variance in their turnover, or The entity is a sole trader or small partnership where sickness, injury or leave have impacted an individual’s ability to work which has affected turnover. If you need further info you can contact me via my COVID-19 page below

04.01.2022 COVID-19 AND THE STIMULUS PACKAGES - WAIVERS, DEFERRALS AND GRANTS Here at Northern Beaches Accountants, we understand that during this unprecedented time, it’s difficult to know what you are entitled to and how to go about applying for the various stimulus packages.... We have worked tirelessly to put together this comprehensive guide on ALL of the stimulus packages including JobKeeper, insolvency, superannuation and Payroll Tax and Land Tax relief. We also look at the various Government grants. Continue reading below to find the answers to all your questions.

04.01.2022 JobKeeper payment - employers' continuing reporting requirements As at 31 May, the door to enrolment for the April and May JobKeeper payments is closed. For those employers who have enrolled in the JobKeeper payment scheme, their reporting obligations continue on in the form of turnover declarations and eligible employee reconfirmation. In order to be eligible for the JobKeeper payments, the turnover declarations need to be submitted to the ATO between 1st and 14th of each m...onth following the month an employer wishes to claim a JobKeeper payment. For example, if an employer is claiming a JobKeeper payment for the month of May, it needs to submit a declaration by 14 June with the actual turnover for the month of May and the projected turnover for the month of June. If you need assistance with preparing and submitting the turnover declarations, please contact me [email protected] If your business did not qualify for the April and May JobKeeper payments but it may be in the future months, I can help you to assess your business’ eligibility.

04.01.2022 IMPORTANT - JobKeeper update I'm expecting a lot of people to be confused today as many are receiving SMS from the ATO asking that they now complete steps 2 and 3 in the JobKeeper payment process. This is a snip of an email I have been sending to my clients this afternoon to help them get through these steps. You should be able to do this through your MyGov accounts or if you need a hand I will be happy to help.... "To ensure your Jobkeeper payment from 30 March to 26 April (2 X fortnights) I need your Actual April turnover (Including GST) Projected May turnover (including GST) Once I have this information, I can complete the next JobKeeper payment step. Please get back to me as quickly as possible as it's vital that we supply all the information that the ATO needs". Best wishes, Paul PS here is the link to the website I've had created for everything you need to know about the various government stimulus packages in Australia and every State. If you need a hand please contact me via the link on the homepage.