Bookkeeping Wagga in Wagga Wagga, New South Wales, Australia | Financial service

Bookkeeping Wagga

Locality: Wagga Wagga, New South Wales, Australia

Phone: +61 437 970 895

Address: 26 Norfolk Avenue 2650 Wagga Wagga, NSW, Australia

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

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25.01.2022 https://www.xero.com//jobkeeper-is-changing-heres-what-yo/

23.01.2022 #SGAmnesty is now law Royal Assent granted today. A 6 month window to fix unpaid super for March 2018 and prior. Later periods (June 2018 and following )should ...also be caught up now. Www.icb.org.au/sgamnesty Provides all the details and will continually be updated. See more

20.01.2022 Slogging all day, invoicing all night? Get mobile. Quote, invoice, and get paid on the job.

18.01.2022 https://treasury.gov.au/coronavirus

18.01.2022 Amanda Linton shares the ICB view on how to overcome EOFY challenges that lie ahead in the COVID-19 economy - https://www.businessnewsaus.com.au//software-and-data-to-u

17.01.2022 Get ready for a 1.75% increase to base pay rates - https://www.icb.org.au//fair-work-annual-wage-review/a/8570

17.01.2022 Small businesses: We’re working with software providers to help protect your business, client and employee data. In a few weeks, multi-factor authentication wi...ll become mandatory for some cloud accounting software users. If your software provider has advised this will impact you, we recommend you start using it as soon as possible. Ask your provider how to set up and use multi-factor authentication, or visit https://www.ato.gov.au//We-re-serious-about-your-online-s/

15.01.2022 Employers: Get all the hints and tips to help you transition to Single Touch Payroll (STP) in our latest webcast! We covered: The basics of STP How to tran...sition What to do if you need more time Watch it now at https://publish.viostream.com/app/s-npmrp7s

14.01.2022 The Fair Work Commission has varied the termination of employment rules in a number of modern awards. Amongst other things the changes: require an employee’s ...wages and other entitlements (such as annual leave), to be paid within 7 days of the end of their employment limit an employer to withholding 1 week’s wage if an employee over the age of 18 resigns without giving enough notice. Employers cannot deduct wages from employees under the age of 18 for not giving notice. These changes started from the first full pay period on or after 1 November 2018. Check your award to see if you’re affected by the changes: https://www.fairwork.gov.au/awards-and-agr//find-my-award/

12.01.2022 Message us now to get your bookwork sorted Message us now to get your bookwork sorted

11.01.2022 Women in Business

07.01.2022 All support for individuals https://treasury.gov.au/coronavirus/households

04.01.2022 https://www.xero.com//sm/bookkeeping-to-run-your-business/

04.01.2022 https://treasury.gov.au//Fact_sheet-Assistance_for_busines

04.01.2022 https://www.fairwork.gov.au//the-commission-has-announced-

02.01.2022 Treasury have released "JobKeeper Payment - Frequently Asked Questions", dated 5th April 2020. In advance of the legislation (due on Wednesday 8th April) Update...d Treasury Factsheets Frequently Asked Questions For Employees (5April) For Employers (5April) Supporting Businesses (5April) Summary of new information - JobKeeper "Businesses must have paid their employees before they are entitled to receive the JobKeeper payment" But see below Agents do not need to register each client seperately for the information, unless information is to go to the client. JobKeeper payments (becuasse they are part of the employees pay) are to be paid through software and reported through STP. If you are NOT using STP (ie closely helds) then there will be a manual claim process (online form but to be entered) It is for the Full pay period starting on or after 30 March. Drop in turnover can be proven by "other" evidence (not just compared to last year) If drop in Turnover will be in April or later "You can apply if you reasonably expect that your turnover will fall by 30 per cent or more (50%) relative to... a year earlier" "...the business can start receiving JobKeeper Payment at a later time once the turnover test has been met" JobKeeper payment will generally be paid to the employer and not used to offset tax liabilities If on full workers compensation then no JobKeeper If employee is partly paid wages by the employer while on workers compensation - jobkeeper applies If an employee is on paid leave more than $1500, the employees pay doesnt change the employer will receive JK If an employee is on paid leave less than $1500 then the employees pay must be topped up to the $1500 An employee on unpaid leave is eleigble to receive JK payments Id being paid Parental Leave or Dad and Partner Pay (through Centrelink) then not eligibile for JK Casual employement 12 month rule continues even if a change of owner of the business JK can be received for Apprentices and Trainees who also receive the 50% wage subsidy for March Quarter but cannot receive the wage subsidy for June quarter if on JK. The Cash Gap WHAT HAPPENS IF I DON’T HAVE THE MONEY TO CONTINUE PAYING MY ELIGIBLE EMPLOYEES UNTIL THE PAYMENTS ARE MADE? The JobKeeper Payment is a reimbursement scheme that will be paid by the ATO monthly in arrears. In cases where this may present cash flow difficulties, those businesses may want to speak to their bank to discuss their options. The banks have said businesses may be able to use the upcoming JobKeeper payment as a basis to seek credit in order to pay their employees until the scheme is making its first payments. An interesting answer that we require more detail "IF I HAVE STOOD DOWN MY EMPLOYEES WITHOUT PAY AFTER 1 MARCH 2020 CAN I ‘BACK PAY’ THEM TO 30 MARCH 2020? Yes. If you want to claim the JobKeeper Payment for your employees you will need to confirm your eligible employees want to be part of the scheme and arrange for them to be paid a minimum of $1,500 per fortnight before tax from 30 March 2020." Trusts / Partnerships / Company Directors Only ONE partner in a partnership can receive JK. Partners cannot be employees of the partership. Only ONE beneficiary of a trust, where the beneficiaries only receive distributions as the reward for service) can receive JK. Noting Beneficiaries who are also employees willl receive JK as employee. Only one Director can receive JK payments for "Directors Fees", Directors who are employees will recceive JK due to being an Employee **Recommend wait for the legislation on this** Confirmed Noteworthy Details Employee must have an employment relationship as of 1 March 2020 Employer must have a decrease in turnover of 30% (50% for over $1b turnover) Turnover is defined by the GST Law and is only Australian based sales. Self Employed will be eligible First JobKeeper Subsidy will be recceived by employers after 1st May Payments will be made monthly in arrears Employees stood down are eligible $1500 per fortnight flat rate subsidy for all eligible employees JobSeeker recipients must tell Centrelink if they are receiving JobKeeper through the employer Compliance There will be a positive obligation on employers to establish their eligibility and that of their employees. The ATO will cross-check payments and undertake activities to identify multiple or ineligble payments to individuals. ICB Explains - Webinars ICB will be running Webinars to further explain Government Initiatives Wednesday 8th & Thursday 9th April - 12.30pm AEST These will be update sessions Previous Webinars explaining the announcement of JobKeeper and also other Stimulus Measures are available in our members webinar library Resources All things COVID-19 All things JobKeeper

01.01.2022 Today we’re celebrating the 86% of this female-driven industry for International Women’s Day #IWD2020. When we ask bookkeepers why they chose this particular c...areer path, a common response we hear is because it offers a more suitable work/life balance and flexibility with working from home and/or supporting a family. It’s wonderful bookkeeping is a leading industry where women can innovate, lead and thrive, and we look forward to seeing more industries push towards a more equal and inclusive workplace. Here’s a shot of our fabulous gals at #ICBCon Canberra!