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1. No more payment summaries from your employer!! Employees’ income statements will be available through myGov and online for tax agents.
2. Employers finalise STP income statements by Tuesday 14 July if they have 20 or more employees, or Friday 31 July if they have 19 or less employees
3. JobKeeper payments are treated as assessable income and will be included in pre-fill data. If you are a sole trader, you need to include it as business income in the tax return.
4. COVID-19 early access to superannuation these payments are not assessable income and are not included in your tax return.
5. Cash flow boost payments are non-assessable non-exempt (NANE) income.
6. Work from home deductions - during COVID-19, you can claim 80 cents for each hour you work from home between Sunday 1 March 2020 and Tuesday 30 June 2020
7. Instant asset write-off threshold increased to $150,000 from 12 March 2020 to 31 December 2020. To claim this tax time, assets must be first used or installed ready for use by 30 June 2020.
Have questions concerning any of these matters please don’t hesitate to contact us.
To book an appointment to prepare your 2020 Tax Returns please contact Blackburn Accounting on 6454 5831
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Are you stuck in the business?
- Answering phones
- Juggling activities right across the board
- Battling to put out 'spot fires'
- Trying to be and do everything for everybody
System and Process is the answer to streamlining your business and will release you from these burdens and free you up to run your business again.
We will educate you on the following;
- Working 'ON' your business and not 'IN' your business
- Unlocking how to work smarter by developing systems and processes
- Discovering time management practices to increase your personal efficiency and productivity
- Building a business based on functionality rather than individuals
Take this opportunity and join us at the upcoming session:
Did you know...
96% of mistakes in business are due to lack of systems?
Only 4% of mistakes are due to human error?
'W. Edwards Deming' - the father of quality management.
Is your business structured around systems and processes in order to maximise efficiencies?
If you answered "NO" and you want to know more but you are unsure where to begin or how to get started, don't panic because Blackburn Accounting can help.
This session includes practical guidance and interactive activities including but not limited to;
Finding out why system and process are essential elements to support business growth
- Changing your business to one that is focussed on functions first and matching the right staff to the right task
- Learning the benefits of developing systems that allow you to maximise your time and efforts
- Improving efficiencies for you and your Team
- Understanding how to work 'ON' your business and less 'IN' your business
Take this opportunity and join us at the upcoming session:
Where would we be without systems and processes?
More than likely going around in circles?
Does this ring a bell, and are you running your business, working in your business, and trying to juggle everything whilst being all things to everyone?
If this sounds like you then the Blackburn Accounting Workshop Series - Building Better Business and the 'System and Process' module is the solution.
We will take you through step by step...
- How to create a business system
- How to identify what systems you need
- How to discover the benefits of system and process for greater efficiency
- How to understand working 'ON' versus working 'IN' your business
Getting, being and staying organised and learning the importance of streamlining your business by developing systems for everything!
Take the opportunity to join us at the upcoming session:
Are you caught in a maze?
Lacking direction?
Not sure of the way forward?
Confused or all of the above?
YES!!!
Did you know that poor planning is the 2nd top reason new businesses fail?
The solution - A Business Plan
Welcome to Strategic Planning.
Where to go and how to begin?
If you want help and guidance join the Workshop Series - "Building Better Business" with Blackburn Accounting.
You will find out how to develop a Business Plan:
- A plan that captures your organisation's ideas and visions
- A working document that clearly sets out actions with tangible, measurable outcomes
In simple language, a plan that is focussed on how to achieve the results you want; strategies to take your business forward and to grow and achieve success.
Take the opportunity to join us at the upcoming session:
https://blackburnaccounting.com.au/marketing/workshops