Sharon Francis Bookkeeping

20/05/2026

10/05/2026

Remember to keep those receipts - and take a scan or a photocopy!

'Do I need to keep my receipts, or is a bank statement enough?’ Bank statements alone don’t show the full story. Make sure to keep your receipts as well, so you have enough evidence for your claims 🧾

28/04/2026

Your mate down the pub is being replaced by Finfluencers! Make sure whoever you are receiving your advice from is registered!

We’re cracking down on unlawful social media ‘finfluencers’. Today, we’ve issued four warning letters to finfluencers suspected of providing unlicensed financial advice, including promoting claims of guaranteed returns. In addition, we’ve also commenced a review of three Australian Financi...

05/03/2026

Put aside 20% of income each week.

Our top three tips to take control of your cash flow ⬇️

1. Separate it 👉 Keep the GST you collect separate from your cash flow
2. Don’t spend it 👉 You need it for your BAS
3. Pass it on 👉 Lodge and pay your BAS on time and in full. When you pay on time you’ll pay no interest.

03/03/2026

Useful information if you are using a Trading Name for your Business

If you’re using a trading name that isn’t registered with the Australian Securities and Investments Commission (ASIC), don’t forget to update it. Soon, only legal entity names and business names registered with ASIC will be published on our TPB Register. This is designed to maintain consistency across government registers and help consumers accurately identify registered tax practitioners. If you don’t update your unregistered business name on time, only your legal entity name will appear on our TPB Register. Find out more: https://ow.ly/xbyk50YiCcu

02/03/2026

The Fair Work Commission (the Commission) has announced changes to the following awards as part of its gender undervaluation review:
- Aboriginal and Torres Strait Islander Health Award
- Children’s Services Award
- Health Services Award
- Pharmacy Award.

The changes affect pay rates and some classifications and take effect at different times for each award.

The Commission also proposes to make changes to the Social, Community, Home Care and Disability Services Award. These changes are still being finalised.

You can find more info about the review and keep up to date with the changes by subscribing to our email updates: https://www.fairwork.gov.au/about-us/workplace-laws/award-changes/gender-undervaluation-priority-awards-review

02/03/2026

💯 Yes! You need to tell us about all of your income, including any cash-in-hand income.

It doesn't matter if your wages or tips are paid in cash, or you get cash from online gigs, you need to report it in your tax return.

02/03/2026

Are you ready?

14/11/2025

Time for Small Business, who are not registered for GST, to check their MyGov.

You may have been entered into pay as you go (PAYG) instalments. Check your myGov inbox now to stay on top of your tax! 📥 PAYG instalments are smaller prepayments throughout the year that go towards your end of year tax bill. Log into your myGov account to keep up with important updates and your ...

04/09/2025

The best advice. Suggest 20% put aside each week but consult with your accountant.