Pamela Reid Bookkeeping & Business Management in Williamstown, Victoria, Australia | Business service

Pamela Reid Bookkeeping & Business Management

Locality: Williamstown, Victoria, Australia

Phone: +61 409 020 988

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• Accountant

25.01.2022 I joined the panel of experts today to discuss the Jobkeeper extension. James O’Halloran, the Deputy Commissioner of Taxation outlined the new rules for the extension which are similar to the original rules, except for the following: Decline in turnover needs to be measured from actual turnover of the September and December quarter rather than being based on projected turnover. The fortnightly amounts payable will continue to be paid in arrears and will be reduced and sp...lit into two tiers from the 28th September onwards. Employers will need to inform their staff this week of the tier that they will be paid on. The ATO won’t tolerate fraud and have conducted 75000 reviews and are happy with the compliance rate. The ATO believe that 30% of employers intend to continue on the Jobkeeper system and there will be a number of businesses that will enter the system after the September quarter reveals that their turnover has decreased, in particular those affected by the Victorian stage 4 restrictions. Further information on eligibility will be published during the week. Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman gave some insight into issues that small businesses are currently facing. Commercial tenancy is one of the biggest issues, many businesses will not be able to afford to pay their suspended rent but will also be unable to pay the huge cost of terminating the lease, whether it be on place of business or business equipment. This is of most concern in Victoria. Most small businesses understand that turnover and profitability will not return to pre-Covid times for possibly several years to come and they need to make hard decisions now that loans and rent payments will come due by 1st January 2021. Kate is calling for the government supported bank loans to be more accessible to small businesses and to be less onerous with the serviceability requirements, she has even suggested a repayment scheme similar to HECS where the business must reach a certain level of income before loan repayments need to be made. A call for a simpler award system for small business with less red tape and less confusing hourly rates and award types, to make it easier for small business to employ staff and pay them correctly. More government tenders need to be made available to small business and FBT should be stopped until the economy has recovered. If businesses can pay for staff to go to restaurants and the gym without incurring an FBT debt, it will stimulate the economy and make life easier for employers. 42% of businesses surveyed believe the Jobkeeper and cashflow boost payments program have been effective in keeping business confidence during the Pandemic. See more

24.01.2022 https://www.hrblock.com.au/school-program A great initiative by H&R Block to educate young people the basics of the Australian Taxation system

23.01.2022 The 2020 CPA Australia International Women’s Day Cocktail Celebration Guest Speaker was Claire Braund. Executive Director Woman on Boards Claire delivered an inspiring address emphasising the importance of where we come from and what we have had to overcome to get where we are. To realise our potential, we need to understand our strength in what we have learnt along the way. She spoke of taking responsibility for our own life and future and never burning bridges. Claire was very passionate when explaining the many great reasons for women to become board members and the benefits to the world community of having women on boards. 'Turn on a floodlight instead of a spotlight' was an analogy that made an impact on me. Thank you to CPA for organising this event.

23.01.2022 A really handy infographic to explain the two versions of Jobkeeper. Thanks to the Tax Institute

22.01.2022 SCAM ALERT Beware of a new text message (SMS) scam claiming you have a tax refund. Don’t click any links and don’t provide any information, even if it seems... convincing. Remember, we’ll never send an SMS asking you to access our online services via a hyperlink. Warn your family and friends to stay alert and visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/

21.01.2022 Pleased to receive this invitation.

21.01.2022 https://www.mybusiness.com.au//7407-come-up-with-a-new-pla

21.01.2022 One of most difficult EOFY to live through. Here's hoping the only way is up from here.

20.01.2022 Some further clarification has been made to the timing of the Cash Flow Boost and also the JobKeeper test. The timing of BAS lodgement will no longer affect the way in which the boost is credited to your BAS. It will only be credited toward the current BAS debt and not previous debts. The JobKeeper income test now includes some alternative calculations for seven different circumstances. https://www.ato.gov.au//In-de/Applying-the-turnover-test/

18.01.2022 The Victorian Government Business Support Fund Grants are now open for applications. I urge all Victorian businesses that have been shut down or adversely affected by the government COVID-19 directives to apply here: https://businessvic.secure.force.com/PublicForm Businesses are eligible to apply for a grant through the Fund if they meet the following criteria: Have been subject to closure or highly impacted by Non-Essential Activity Direction; and... Employ people; and Have a turnover of more than $75,000; and Have payroll of less than $650,000; and Hold an Australian Business Number (ABN) and held that ABN at 16 March 2020 (when the State of Emergency was declared); and Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020. See more

15.01.2022 https://www.youtube.com/watch Thank you Xero and ICB. A great start to my day!

15.01.2022 7:15am Budget breakfast with Institute of Public Accountants #jobs #taxcuts #smallbusiness #hardworkpaysoffs

14.01.2022 Donations to wildlife warriors.org.au

09.01.2022 Great to have a fantastic, reliable fellow bookkeeper helping get through the workload at this extremely busy time #BASreturns #governmentstimulus #bookkeeping #attentiontodetail #trainedbyme

07.01.2022 Online professional development session today. BAS & GST refresher #basagentlife #loveaccounting #historyoftaxation

06.01.2022 TPB extends scope of BAS agents The Tax Practitioners Board has announced it has registered a legislative instrument on the Federal Register of Legislation, that extends the services and advice BAS agents can legally provide on the Australian government’s COVID-19 stimulus package. BAS agents can now legally support Australian businesses by advising about their entitlements under the new JobKeeper payment and cash flow support for business initiatives, the TPB announced on Thursday.

05.01.2022 With the number of economic stimulus and support packages being announced separately by both the federal and state governments followed by updated packages. We are doing our best to sift through the information and ensure that our clients receive access to this assistance in a timely manner. Our peak accounting body, The Institute of Public Accountants are delivering constant information to keep us updated on all government support available to our clients. As of today 24t...h March 2020 There are business cash flow for employers’ payments which can be accessed on BAS lodgement, temporary access to superannuation funds, temporary relief for financially distressed businesses and income support for individuals (sole trader contractors without employees) which are accessible through the Centrelink system. Please watch this space for further updates See more

05.01.2022 To all who are currently looking for work during these incredibly difficult circumstances, here are some places that are currently hiring: Coles $22 per hour (average) Hiring 5000 Casual staff across Australia... https://www.colescareers.com.au/ Woolworths $21.32 per hour (average) Hiring 20,000 staff across the country https://www.wowcareers.com.au/jobs/?tab=2 Aldi $24.30 - $33.29 per hour Positions ranging from Warehousing/Logistics to Retail Assistants https://www.aldicareers.com.au/Jobs Domino’s Pizza Hiring 2000 delivery drivers across Australia $26.76 per hour (Casual) https://jobs.dominos.com.au/ Telstra https://careers.telstra.com/explore-jobs BHP Hiring 1500 people across Australia https://careers.bhp.com/careers/ Optus https://www.optus.com.au/about/careers Centrelink $36 per hour https://www.servicesaustralia.gov.au/organisations//careers ANZ Bank $21.84 - $35.60 per hour ($26.96 average) https://www.anz.com.au/careers/job-opportunities/ Defence Force Australia https://www.defencejobs.gov.au/ EDIT 28/03/20: More experience specific jobs listed yesterday in Warehousing/Logistics: OnBoard Hiring for multiple roles such as warehouse staff, forklift operator, store worker, shelf stacker and pick / packer - https://www.onboard.com.au/ - https://www.seek.com.au/job/41209367 - https://www.seek.com.au/job/41196716 Toll Group https://www.tollgroup.com/business/recruitment/looking-work BHD Storage Solutions Email CV to [email protected] https://www.bhdstorage.com.au Cleaning: Ikon Hiring for multiple roles/locations - https://www.ikonservices.com.au/careers/ - https://www.seek.com.au/job/41080471 - https://www.seek.com.au/job/41139608 ICS Service Solutions Infection Control Cleaners experience required https://www.seek.com.au/job/41183329 ISS Australia Commercial Cleaners - experience required - http://www.careers.au.issworld.com//commercial-cleaning-va - https://www.seek.com.au/job/41167338

04.01.2022 Small and family-run businesses are the backbone of local economies they’re often where young Australians get their first job and they support local sports and charitable groups. Support your local small and family-run businesses when you #golocalfirst.

03.01.2022 Victorian State Library. A great space to work in

02.01.2022 Phew! That was a marathon month of BAS returns. Last one lodged at 9:45pm tonight. Helping businesses obtain their cashflow boost and jobkeeper payments has been a lot of extra work but feels good to be able to help the economy to stay afloat in a small way and help families in a BIG way. Next task TPAR due in three days and then confirm turnover. #neverendingdeadlines

02.01.2022 New Permitted Workers Permits will be required after the 13th of September. (except for childcare workers) Let me know if you need assistance with these. I would also advise businesses to review their COVIDsafe plans to ensure they comply with the government's directives. There are heavy fines of up to $99132 for incorrectly issued worker permits