Month: July 2021

If we’ve said it once, we’ve said it many, many more times: this time of year is the busiest for those of us in the bookkeeping world. This is why we are incredibly pleased to announce that another member of the family has joined the Book Us team: the wonderful Melissa Meredith.

Melissa can also assist with getting your OH&S documentation in order.

I’d also like to congratulate Sophie for finishing her Certificate IV in Accounting and Bookkeeping. She’s been working incredibly hard to get this done and has been applying all her new knowledge to the business. Now onto the next course of study!

We have received a bit more clarity around the NSW business support payments.

The new measures include:

• Increased small business support payments depending on the decline in business turnover experienced over a minimum 2-week period from 26 June 2021 to 26 July 2021, compared to the same period in 2019:
  • $7,500 for a decline of 30% or more
  • $10,500 for a decline of 50% or more
  • $15,000 for a decline of 70% or more
• A ‘JobSaver’ employee retention scheme providing cashflow support to businesses to help them retain staff. The cash boost will be up to 40% of weekly payroll with a weekly payment of between $1,500 to a maximum of $10,000, provided staffing levels are maintained at the level as of 13 July 2021. Non-employing businesses are eligible for $1,000 per week
• $1,500 grants per fortnight for microbusinesses (annual turnover between $30,000 and $75,000) that have suffered at least a 30% decline in turnover
• Payroll tax deferrals for all businesses and a 25% concession for medium-sized businesses that have suffered a 30% revenue decline
• A requirement on landlords to participate in mediation before taking actions to evict tenants
• Up to 100% land tax concessions for commercial landlords who provide rent relief
• A $75 million support package for the performing arts sector to be administered by Create NSW
• A Support package for the accommodation sector worth $26 million
• An increase in the payment amount for stood down workers, and for this to now be available to workers outside of the Greater Sydney lockdown areas
• Expanded mental health services

Applications for grants open from today. Please get in touch if you would like to discuss anything with us before applying.

If you’re anything like us, you love New Year’s Resolutions and goal planning. Early July marks a useful time to revisit your business goals, especially after the very strange year we have just lived through, and to consider any new goals for the 2021/2022 Financial Year.

Questions to consider when goal-planning for your business:

• What is the outlook for the next year?
• Is the business structured right for the next year?
• How does the balance sheet differ from last year?
• Are you and your employees more stressed compared to last year?
• How is the cash-flow?
• How impacted were your profits?
• Has your exit plan changed?
• What is the biggest challenge you can see for the next 12 months?

We are just a phone call or an email away if you’d like some help working out your goals for the next financial year.