Count by Numbers Bookkeeping Services

30/11/2023

27/04/2023

📣 Fair Work on warpath over slack payslips, poor record-keeping

"Small business pay practices have become a target for Fair Work and big fines await those with compliance shortfalls, says KeyPay co-founder and head of product Phil Bernie.

Speaking on this week’s Accountants Daily podcast, Mr Bernie said millions in underpayment by big companies captured headlines but Fair Work was putting small business pay records under the microscope too.

“There’s a trend particularly in agriculture where Fair Work are coming in and doing audits and reviewing farmers,” Mr Bernie said. “Pay accuracy is one thing they’re big on, but we saw the other day $20,000 fines being issued for record keeping.

“You don’t have to be employing 2,000 or 3,000 people to be on the radar for Fair Work. They are going out and targeting specific industries and you could just be employing 20 or 30 people and all it takes is for one person to query a pay slip or to raise a query with Fair Work and you could be on the radar.”

https://www.accountantsdaily.com.au/tax-compliance/18252-fair-work-on-warpath-over-slack-payslips-poor-record-keeping

Small business pay practices have become a target for Fair Work and big fines await those with compliance shortfalls, says KeyPay co-founder and head of product Phil Bernie. Speaking on this week

25/04/2023

Grow just a little bit each and every day, both as a business owner and a person! 💪

Count by Numbers Bookkeeping Services

20/04/2023

💻 Webinars to help you make informed decisions 💻

"Do you need help budgeting and planning for your commitments? Or are you unsure whether you should continue in business? Staying well-informed and having the tools and support you need to make decisions about your business are vital.

We have a range of webinars that will give you practical help, including:

Budgeting for your commitments: join this 60-minute session to learn a simple 5-step process to manage your financial commitments and find out how to identify business activities that trigger financial responsibilities.
Considering your small business viability: in this 45-minute session, you’ll learn how to use our Business Viability Assessment Tool to help you, and your advisers, in your decision making"

Find out more here >>>
https://www.ato.gov.au/Business/Small-business-newsroom/General/Webinars-to-help-you-make-informed-decisions/?sbnews20230322

18/04/2023

Are you chronically busy? As business owners, we can often be addicted to being "busy" all the time. The long-term effects however can lead to burnout...😴⠀⠀

“If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business.” [Lee Kuan Yew]

Count by Numbers Bookkeeping Services are qualified bookkeepers, certified BAS agents, and XERO silver champion partners🤜🤛

📅 https://calendly.com/info-47083/30min
🌐 www.countbynumbers.com.au

13/04/2023

📣 New changes to home-based business expenses - An update from the ATO

"If you operate some or all of your business from home, you may be able to claim the business-use portion of expenses you incur.

For example:

- Occupancy expenses (such as mortgage interest or rent, council rates, land taxes, and home insurance premiums)
- Running expenses (such as electricity, gas, phone, internet, stationery, cleaning, and the decline in value of assets).
- The temporary shortcut method ended on 30 June 2022, and the fixed-rate method has been revised.

For the 2022–23 income year, the revised fixed rate is 67 cents per hour. You no longer need to:

- Have a dedicated home office space.
- Work out the business-use portion of phone, internet, gas, and electricity separately."

See the full update here >>>
https://www.ato.gov.au/Business/Small-business-newsroom/General/New-changes-to-home-based-business-expenses/?sbnews20230322



📷 ATO

09/04/2023

May your basket be filled with Easter eggs and your life filled with joy during this holiday season. Happy Easter! 🐰

Count by Numbers Bookkeeping Services

06/04/2023

Your toolkit for starting a new business with Xero 🧰

"Starting a business can be exciting and daunting. We break it down into the key steps, with tools and resources for getting up and running.

Find out about:

🧰 Ideas and doing research
🧰 Setting up your business
🧰 Finding and selling to customers
🧰 Getting paid and paying others
🧰 Business accounting 101"

Get your toolkit here >>>
https://www.xero.com/au/resources/starting-your-own-business-toolkit/



📷 Xero

04/04/2023

"The biggest mistake a small business can make is to think like a small business." [Postfilm Design]

Think big...with Count by Numbers Bookkeeping Services ‼️

📅 https://calendly.com/info-47083/30min
🌐 www.countbynumbers.com.au

30/03/2023

Four-day weeks ‘a bad fit’ for many small businesses ⚠️

"Four-day weeks will be a bad fit for many small businesses and make some unviable as they struggle with rising wages and staff shortages, COSBOA says.

Chair of the small business body Matthew Addison said many questions needed to be answered before the idea, currently being trialled in larger businesses, became mainstream.

“How does a small business stay open if their retail shop has no available stuff? How does that retailer earn sales on day five when it is shut?” asked Mr Addison.

“How does the customer service centre provide coverage over all hours of operation when the staff only work four days per week?”

“How does a service business (hairdressing, consulting) continue to provide 38 hours of services if the employee is only working 30.5 hours?”

COSBOA acknowledged trials of four-day work weeks had met varying levels of success, but said the majority had taken place in organisations with 45 or more employees, neglecting the effect it could have on small businesses."

Read the full AccountantsDaily article here >>>
https://www.accountantsdaily.com.au/business/18313-four-day-weeks-a-bad-fit-for-many-small-businesses

Trials involving larger companies fail to reflect the reality for countless in the retail and service frontline, says COSBA.

28/03/2023

Some key tasks include:

💰 Tracking transactions/expenses
💰 Accurate & up-to-date financial record keeping
💰 Create & send client invoices
💰 Process supplier invoices
💰 Payroll & STP
💰 Process monthly or quarterly BAS
💰 Prepare accounting software at the end of the financial year
💰 Financial Reporting
💰 Bank reconciliations

The secret of getting ahead is getting started, book your FREE 30-minute discovery call with the team today >>>
📅 https://calendly.com/info-47083/30min

23/03/2023

The countdown is ON! ⏳

"Xero has been granted a deferral on the start date of the STP Phase 2 for our payroll software, and this applies to all new and existing customers.

This means that all customers reporting STP using Xero Payroll have until 31 March 2023 to report their first STP Phase 2 pay run, instead of the 1 January 2022 ATO deadline.

This gives our Xero Payroll customers more time to ensure that payroll records are STP Phase 2 compliant."

Find more information here >>>
https://www.xero.com/au/programme/single-touch-payroll/