M.Ervin Bookkeeping

If you’ve done any of the following to be eligible for JobKeeper, the ATO will catch you to you.

The ATO have issued practical guidance around compliance activity on schemes to generate JobKeeper Payments - https://www.icb.org.au/news/home/jk-payment-schemes/a/8474

A few busy weeks ahead for accountants and bookkeepers with JobKeeper passing the senate! Please have patience with us! Everyone wants an answer now but we need time to work it all out.

Make sure your Accountants and Bookkeepers are registered!

Approached by someone offering unusually cheap tax services or promising refunds that are too good to be true?

🚨Beware of unregistered preparers! Remember, only a registered tax agent can charge a fee to prepare and lodge your tax return.

Today an unregistered preparer from Sydney received a criminal conviction for dishonestly obtaining a financial advantage. Charging a $100 fee, he used the personal myGov credentials of 1,098 individuals to lodge tax returns on their behalf, redirecting some of the refunds into his own bank account. Find out more at www.ato.gov.au/Media-centre/Media-releases/Thieving-fake-tax-agent-stopped-by-the-ATO/

New Customers and their first invoice- What to expect.

Invoicing a new customer for the first time is an unnerving experience- with no trading history, you have no idea what sort of payer they are going to be. Will they pay late? On time? Very late? Or heaven forbid- never. The best thing to do with brand new customers is keep them on a very tight leash- there is nothing wrong with being super vigilant, especially not at this early stage of the relationship. They will follow your lead, and how thorough and diligent you are will determine how quickly you get paid. Here is a little graphic to help you out. Feel free to share:

19 or less employees?