Ben Walker

Filter
Critical Reasons to Stay On Top Of Your Bookkeeping
Critical Reasons to Stay On Top Of Your Bookkeeping
JobKeeper Reporting By the 14th of each month (no longer the 7th), you’ll need to report your JobKeeper-related GST turnover, as well as making sure your payroll information is correct as you’ll be reporting that to the ATO.
More
JobKeeper: The Distinction Between Business Participants & Employees
JobKeeper: The Distinction Between Business Participants & Employees
FAQ - “Can you please clarify, the employee versus business participant? I do collect a wage and exclude myself as an employee and have added myself as a business participant. Is this correct or incorrect?”
More
Can you appeal a knock back for Cashflow Boost if you believe you're eligible?
Can you appeal a knock back for Cashflow Boost if you believe you're eligible?
Yes. Reading the legislation as it applies, if you fail, then there is an appeals process for special circumstances that you can go through.
More
Buying a car with the $150,000 instant asset write off
Buying a car with the $150,000 instant asset write off
We've had a lot of clients ask us, “how does the increased instant asset write-off of $150,000 apply to a purchase of a car?”
More
Pass One of These Alternative Tests To Qualify For JobKeeper.
Pass One of These Alternative Tests To Qualify For JobKeeper.
There are rules and tests around the following - the name of each test is; Started the business recently Business disposals, purchases or restructures Fast-growth business - where you’ve had a substantial increase in turnover over the last 12 months...
More
What Happens If You Get Bookkeeping Wrong
What Happens If You Get Bookkeeping Wrong
If you or the bookkeeper gets it wrong, it’s going to cost you money in some way, whether that may be missing out on GST, claiming GST where you’re not meant to or it might cost more in tax or accounting fees.
More
Penalties For Illegally Claiming JobKeeper Benefits
Penalties For Illegally Claiming JobKeeper Benefits
This is very real and as a reminder, the ATO and the Tax Practitioners Board, who licence tax agents have fired shots across the bow to accountants. They've sent out newsletters and emails to us basically saying, "If you do the wrong thing, you're...
More
JobKeeper Monthly Reporting Requirements
JobKeeper Monthly Reporting Requirements
Now that May has finished, and if you are eligible - my recommendation is to lodge your monthly reporting for JobKeeper as soon as you can.
More
Should You Break Out Of Your Fixed Interest Rate?
Should You Break Out Of Your Fixed Interest Rate?
“Variable rates are significantly lower than they were a year or two ago, which means that if I'm on a fixed rate of 4%, and I see variable rates in the 2s now, I've got this feeling I want to cancel my fixed rate and switch to a variable rate to...
More
Legal Options That Can Save Your Business
Legal Options That Can Save Your Business
We spoke with @Danny King from Danny King Legal on our webinar last week about legal options when it comes to dealing with a team during COVID-19.
More