We can help Small Business access the Stimulus Packages

but contact us early as we are experience an increase in demand

Hobart Bookkeeping Services

COVID-19 - SUPPORT PACKAGE

FOR SMALL BUSINESS

Small Business Emergency Support Grant - Tasmania

Immediate support is now available for the following industries:

  • Seafood

  • Tourism and accommodation

  • Retail

  • Hospitality

  • Arts and entertainment

  • Fitness

 

Grants of $2,500.00 are available through the Department of State Growth as a one off emergency support payment.  A second round of grants of $15,000.00 will be made available for small businesses that are experiencing severe financial hardship.  

https://www.business.tas.gov.au/__data/assets/pdf_file/0003/227784/Small_Business_Emergency_Support_Grant_Guidelines_FINAL.pdf 

Here is the link to the $15,000 Small Business Hardship Grant' s guidelines and application

 

https://www.business.tas.gov.au/covid-9_business_support_packages/small_business_hardship_grant

Jobs Hub

The Australian Government is supporting businesses and individuals looking for work - you might be able to redirect your current tool/equipment and skills to meet the increase in demand in a different area of the economy.  For more information click on the link:  

https://www.dese.gov.au/covid-19/jobs-hub

3rd Stimulus Package - JobKeeper Payments

  1. Register an intention to apply for the JobKeeper Package - https://www.ato.gov.au/general/gen/JobKeeper-payment/ (www.ato.gov.au)

  2. The ATO will use Single Touch Payroll for employee details

  3. Need to show 30% downturn in turnover compared to same period last year

  4. payments will be made available from the first week in May and provided monthly

  5. Employers can claim the payments from 30 March for a period of 6 months.

  6. Employees need to be employed for 12 months

  7. This includes casuals, part time and full time employees including employees that have been stood down.

  8. Employers to decide whether super will be applicable

  9. This includes self employed and contractors - need to show the same criteria

Here are a couple of links for more detailed information: 

Start by reviewing the Frequently Asked Questions fact sheet - lots of great information:  https://treasury.gov.au/sites/default/files/2020-04/JobKeeper_frequently_asked_questions_0.pdf

 

https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_supporting_businesses_2.pdf 

https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employers_0.pdf

https://treasury.gov.au/coronavirus

https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/jobkeeper-payment

The Government is aware that there may be some issues with being able to show a 30% reduction in turnover.  We are hoping that the legislation will pass shortly and that we have more detailed information by Wednesday, 8th of April 2020.

2rd Stimulus Package - Small Business Payments

The Federal Government has released a COVID-19 support package for households and businesses to the value of around 10 percent of GDP. Similarly, state governments have come forward with packages including payroll relief, concessional loans and a range of grants and waivers. For small businesses, headline federal initiatives include:

  • Up to $100,000 in payments for employing businesses and 50 percent apprentice and trainee wage relief
     

  • Expanded access to the instant asset write-off, from $30,000 to $150,000, access to unsecured government-backed loans of up to $250,000 with a repayment holiday of six months and measures to keep liquidity up and the cost of credit down
     

  • Giving sole traders who experience hardship easier access to increased income support and the ability to draw up to $20,000 tax-free from their superannuation.

The payment to small business will be offset against the lodged March and June Activity Statements and any remaining credits will be directly deposited into your bank account.  Please ensure that the ATO has your current bank account details.

If you have a business loan which you are unable to service, contact you bank to defer payments for 6 months.  Interest will still accumulate.

Tasmanian Small Business Grant - one off payment of $750.00 - review the link for more information:  

https://stategrowth.smartygrants.com.au/BusinessContinuityProgram

Hobart Bookkeeping Services is a small but powerful bookkeeping firm that provides simple and effective solutions.  We are the superhero you are longing for.  We can make all your problems disappear.

Our expertise will help you create and build something completely new and develop new pathways and business opportunities – we already do this every day for our clients.  We would love to invite you into our every growing team.

How we can help

We help businesses take back control by removing the stress.  It’s that simple. 

Our engagement really depends on your requirements.  We provide personalised services which best support your business requirements not the other way around.  We are here for you and are happy to catch up with you on building sites, your place of business or ours. 

You would receive weekly report to help you manage your cash flow.  We would also provide some basic training on how to read your financial report – no good providing you with information that you don’t understand. 

If you are super organised, we can provide you with cheap and practical accounting solutions to get the work done fast and efficiently.  You will be surprised how quick we can process the work. 

If you are super unorganised, we will be your guardian angel, polite but definitely persistent, helping you get back on track.  We don’t give up on our clients.  There is no such thing as too difficult. 

Our set up and training services are super popular.  We can set up your accounting software to your requirements and integrate any add on software applications. We can also convert your existing financial data to a new accounting software.

We will train you on how to use your new accounting software so you get the most out of your subscription. Training can be on basic software features or we can turn you into a confident bookkeeper, having you lodge your own Activity Statement in no time.

Set up and Training

Let’s be honest, most business owners made terrible bookkeepers.  It’s a job that can test your patience and your relationship.  Fortunately, we love numbers and have a keen eye for detail.  Our team has a proven track of providing quality bookkeeping services for small businesses.  While bookkeeping might not seem glamorous, it is a crucial part of your business.  The more you understand the financial health of your business the more you can successfully grow your business. A good bookkeeper can help you in achieving your dreams.

Bookkeeping

Hiring a new employee can be exciting but also scary.  It means that your business is growing and that your vision has come to fruition.  This is the beginning of a new chapter, but it is also a huge responsibility.  With the introduction of Single Touch Payroll (STP), businesses are required to adopt online accounting software to meet this lodgement obligation.  We can help with the process.  We are efficient and methodical in providing payroll services and we can ensure every step of the payroll process is painless.  Our goal is to introduce a seamless payroll system.

Payroll

Something not quite right with your file?  Whether its accuracy or fraudulent misconduct, we can get to the bottom of the problem.  At our initial meeting, we probably would be able to provide you with an indication as to the issue.

Or, have you totally neglected your obligations and the ATO is sending you some strongly worded letters?  We have the experience to deal with the ATO on your behalf and bring your records up to date, even if you are years behind. 

Clean up and Forensic

SUPPORT

 All of our services are backed up by our phone support, not just during business hours but after hours as well.  There is nothing worse than trying to process your wages on a Sunday night, already 2 days late, only to realise that half the employees are missing off the pay run.  Cloud accounting software allows us to access your records from anywhere in the world at any time, providing there is internet access. 

"IF THERE IS A WAY

TO DO IT BETTER...

FIND IT"

THOMAS A. EDISON

Hobart Bookkeeping Services

michelle@hobartbookkeeping.com

0404 294 536

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