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25.01.2022 Q1 BAS Extension The ATO has provided GST registered businesses with an extension. The July-Sep quarter BAS is due by November 25th. Great win for cashflow. Please reach out with any queries you might have.... #TallBooks #LUNA #ATO #Compliance #BAS



23.01.2022 Sales Tip The festive season is often one of the largest sales periods for many businesses, especially in retail or ecommerce. Remember to book in advance your January & February periods to ensure the new year commences with a strong position. Don't wait until January to start building the sales pipeline for 2021!... #Sales #Tips #TallBooks #LUNA #Christmas #FestiveSeason #Marketing

20.01.2022 Cashflow Boost - Final Payment Reminder If you've received cashflow boosts, and are not yet at the 100K cap, reminder that you will receive the final instalment in the Jul-Sep BAS. Ensure you check your ATO balance before making payment.... #BAS #TallBooks #LUNA #ATO

19.01.2022 More money in your pocket this month. Reminder that tax cuts announced in the budget have started rolling out across accounting software providers such as Xero. Employees will note an increase in their net pays, whilst the gross remaining unchanged. Employers this means short-term the cashflow required will increase, ensure you're budgeting properly for payroll.... #TallBooks #Payroll #LUNA #Xero #MYOB #QBO #Budget #Tax #Cuts



15.01.2022 A lot of people experiencing issues over the past week with various websites using Chrome, try clearing your cache to fix. Open Chrome>three dots top right>settings>privacy>clear browsing data>tick 'cached images and files'>clear data>reload chrome. #TallBooks #LUNA #TechTip

11.01.2022 JobKeeper 2.0 - Key Information To qualify for JobKeeper 2.0 you will need to meet new eligibility criteria. Eligibility... -To qualify for each round of JobKeeper 2.0 your business must have experienced a reduction of 30% of more in GST turnover. -The comparison period is July-Sep 2020 versus July-Sep 2019 for round 1 and Oct-Dec 2020 versus Oct-Dec 2019 for round 2. -If you meet the above criteria you can then receive payments for eligible employees based on a tiered system. First Round - 28th Sept to 3rd Jan -The payment to employees will be reduced to $1,200 p/fn for employees working more than 20hrs p/w, and $750.00 for other eligible business participants and employees. NOTE - The time period used for the average hours is based on the following: Tier 1 - Employee worked 80hrs or more in the 4 weeks of pay before 1 March 2020 or 1 July 2020. Tier 2 - Includes any other eligible employees or business participants. Second Round - 4th Jan to 28th March -Minimum payment to employees will be reduced to $1,000 per fortnight for Tier 1 employees, and $650.00 for other eligible business participants and employees, Tier 2. #TallBooks #LUNA #JobKeeper #ATO #Stimulus #COVID19 #CoronaVirus #Information #Payroll #Xero

04.01.2022 The Victorian Government has announced a new $3,000 grant available to eligible sole-traders. Eligible Sole-Traders: -Do not hire employees... -Hold a valid ABN -Operate from a commercial premise -Are currently enrolled in JobKeeper -Operate in a heavily restricted industry -Have not received a BSFe grant More information on eligibility will be available once applications open in the coming days. Register below for the newsletter with updates. https://www.business.vic.gov.au/subscribe-to-newsletters #TallBooks #LUNA #Grants #Stimulus #COVID19 #SoleTraders #Support #Bookkeeping #Accounting #Xero #MYOB #QBO



03.01.2022 My pick of small business highlights from tonight's federal budget. JobMaker - hiring credits for up to 12 months to employers who hire those aged between 16-35. (Must work more than 20hrs p/w) Tax Cuts - individual tax rate thresholds pushed back. 19% threshold from 37K to 45K and 32.5% threshold from 90K to 120K. This is backdated to July 1 2020.... As of tonight more than 99% of businesses will be able to write off the full value of eligible assets purchased. $240 million invested through Women's Economic Security Statement, equals more jobs, safety and opportunities for women. #Budget #Highlights #TallBooks #TicTax #LUNA #Accounting #Bookkeeping #Australia #Tax #Incentives

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