Business Update – 23 February 2022

23/02/2022 | Bookwiz Franchising Pty Ltd

Welcome back to our Business Update

Bookwiz News

After our soft launch in November, Bookwiz Academy is now ready for our next member intake! If you are a Bookkeeper or Accountant, at any stage of business, come check out Bookwiz Academy HERE. We still have our Founding Members offer available.

As a bonus, today we released our FREE Toolkit “The Three Things You Need toKnow to Attract and Win Your Dream Clients”, which you can dowload HERE.

We are already getting some amazing feedback from our members!

Bookwiz Business Workshops

Martine Hoosen is facilitating some Small Business Workshops for The Small Business Development Corporation over the next few months. Our next 2 Online Events are below. These events are only $20 for ABN Holders.

Introduction to GST & BAS Friday 25th February (Online Worksop) BOOK HERE
Payroll & Super Obligations Thursday 3rd March (Online Workshop) BOOK HERE

Support for Small Businesses

If your business is struggling, the ATO offers a wide range of support for those affected by the pandemic, natural disasters, mental health issues, or financial difficulties.

Learn more about the available support, and the small business debt helpline for free, independent advice.

Pandemic Leave Disaster Payment

People who are forced out of work to isolate due to being infected or being a close contact are eligible for the Pandemic Leave Disaster Payment.

You are also eligible if you are caring for a child under 16 years old who is a close contact or infected, or someone with a disability or a severe medical condition who is a close contact of someone with COVID-19.

The payment was initially given in the form of a $750 lump sum payment for seven days. However, this changed slightly from 18 January into a tiered system. While it remains a lump sum payment, those who lose over 20 hours of work will receive the full $750, but if you lose between 8 and 20 hours, you will only receive $450.

A financial hardship test has also been introduced, which means anyone with $10,000 available and accessible to them will not get the payment.

You can find more information about Pandemic Leave Disaster Payment conditions specific to your state or territory here.

Business Confidence Rebounds in January

Business confidence bounced back in January as the Omicron outbreak quickly peaked, as the National Australia Bank business survey for January showed confidence rebounded 15 points. This pick-up in business confidence may further continue into February due to the reopening of international borders.

Lifeline’s Crisis Text Service Goes 24/7

The government has invested $1.5 million to launch a 24/7 crisis text service to expand its support for Australians struggling with the challenges of the COVID-19 pandemic. Australians are reaching out to Lifeline’s crisis support and suicide prevention services in record numbers, hitting more than 3700 calls in one day last month.

Lifeline’s 13 11 14 crisis support service allows you to speak to a trained crisis supporter any time of day or night.

Rapid Antigen Tests Now Free for Some Australians

Individuals who hold any of the following concession cards can access up to 10 free rapid tests from pharmacies over the next three months:

Pensioner concession card
Commonwealth seniors health care card
DVA gold, white or orange card
Health care card
Low-income card

If you fit the criteria, you need to visit your local pharmacy in person to get your free tests, or your carer or guardian can do it for you.

Webinars to Help You Become More Efficient with Tax and Super

The ATO will be offering two webinars this January and February to help you streamline processes and manage your tax and super online.

Connecting online with the ATO: sole traders. You can register here.
Connecting online with the ATO: businesses. You can register here.

These sessions will teach you the ins and outs of GST, pay as you go withholding, pay as you go instalments, how to lodge your tax returns, and more. Need expert help with your tax and super? Get in touch with us today!

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