Gecko Services

01/03/2023

I switched to ClickUp a few years ago because the dynamic dating made running my bookkeeping practice. Attending to learn more about one of my favourite apps.

25/03/2021

Gecko Services is excited to running it's first online workshop for musicians.

Tues, March 30th @ 6pm.

Book your spot here: https://bit.ly/3chcdwK

22/10/2020

One of the things Victorian businesses will need to do before resuming working anywhere but from home is a CovidSafe Plan.
This link takes you to templates to create this plan.

Information and resources to help your business prepare a COVIDSafe Plan.

26/08/2020

Get Your Books Sorted with Gecko Services - September intake now open!

Join me for support and guidance to get your bookkeeping up to date.

Book here https://bit.ly/2DrNBCp or email me with any questions.

11/08/2020

The ATO has a page outlining both Federal and State government grants and COVID-19 assistance programs.

Information about the tax treatments of government grants and payments you may receive as a result of COVID-19 from Australian, state, territory or local governments.

07/08/2020

Get Your Books Sorted with Gecko Services.

Join me for support and guidance to get your bookkeeping up to date.

Book here https://bit.ly/2DrNBCp or email me with any questions.

27/07/2020

Update on JobKeeper
No change until October
The first point I need to make is nothing is changing until October. JobKeeper V1 remains the same. No need to retest for eligibility, no change in amounts paid out, once eligible based on a decline in turnover of more than 30% you remain eligible for each month an eligible employee remains with you until the end of September.
Current information conceptual, not legislation.
The second point is that the current information is conceptual only. That is, what I will describe is based on consultation that has been occurring between Treasury, the ATO and a number of industry representatives. My understanding comes from the CEO of the Insitute of Certified Bookkeepers (ICB) Matthew Addison who has been involved in these talks. The relevant legislation has not been drafted yet, let alone passed through parliament. There may be some significant changes along the way.
Decline will be based on BAS quarters, must be ongoing.
At this stage the business/NFP will need to have an ongoing decline of 30%/15% in both the June and September quarter turnover reported on the BASes to remain eligible for the JobKeeper reimbursement payments.
The same process will occur after the December quarter turnover is known. (It was this point in the webinar I had a meltdown and a bit of a cry as I have heard other bookkeepers did. ICB is trying to work out a way that we can have a wee bit of a break over summer.)
JobKeeper payments become two tiered
The full time rate will be $1200 per fortnight for people who worked an average of at least 20 hours a week over the 4 weeks in February 2020 and the part time rate for people who worked less than an average 20 hours $750 per fortnight until the end of December after which it drops to $1,000 and $650 respectively.
For Eligible Business Participants and employees like owners who do not have hours recorded, the ATO has flagged they will be looking at your other earnings. So if you received a fulltime wage outside your business they don't believe you could also work 20 hours in your business.

TLDR - no change until October, must meet ongoing decline criteria in every quarter to maintain eligibility, amounts going down.

11/06/2020

Getting and keeping your books sorted is a journey. Get your books sorted is a program to get you started. My next intake is July 14.
https://app.acuityscheduling.com/schedule.php?owner=19317009&appointmentType=13783017

29/04/2020

What is JobKeeper?
The Australian Government will reimburse eligible employers $1,500 per fortnight for each eligible employee from 1 April 2020 to October 2020.
Business eligibility
In business - tax return or BAS since 1 July 2018.
At least one employee or eligible business participant.
A self assessed fall of 30% or more in revenue. Month this year compared to last year i.e. March 19 to March 20. (March 20 -March 19)/March 19 x 100 or alternative tests

https://www.ato.gov.au/General/JobKeeper-Payment/In-detail/Applying-the-turnover-test/?anchor=Alternativetest&anchor=Alternativetest
Employee eligibility
Employed on March 1.
Permanent or long term casual (at least 12 months)
1 in , all in.
All eligible employees must be sent a JobKeeper employee nomination notice.
https://www.ato.gov.au/Forms/JobKeeper-payment---employee-nomination-notice/
The returned forms are not sent to the ATO but must be kept on file.

Enrollment
Enrollment is thru either the Business Portal which you need MyGovID to access or your tax or BAS agent can do it on your behalf.
The questions they ask are;
Are you a charity?
Is your turnover under I billion dollars?
Name of entity
ABN of entity
Month turnover fell or is expected to fall 30%
Number of employees
Eligible Business participant?
Bank account: Name, BSB and account number (For the JobKeeper payments to go to)
Contact details: Name, Phone number, email address

Key initial actions and deadlines
Employee Nominations forms returned by April 30
All eligible employees must have received at least $3,000 gross for April. For the first month only the payment date is extended to May 8.
JobKeeper setup in payroll software
The deadline for enrolling for April coverage is May 31.
On-going actions
Payment to employees of at least $1500 gross each fortnight while receiving JobKeeper.
Monthly reporting via STP compliant software which is the basis for the reimbursement.

ATO information on how you can satisfy the fall in turnover test.

25/04/2020

*** Deadline for JobKeeper extended ***
The deadline to enrol for JobKeeper to cover April has been extended to May 31.
I can breathe again.
Pic of kitten to make you look.

22/04/2020

**** JobKeeper****
So much to learn, nasty little details to discover. If you have a question, ask me in the comments.
Or if you need a personalised chat, book a call - https://bit.ly/34SF6tV